SWFTCOIN (SWFTC) is the native cryptocurrency of the SWFT Blockchain platform. It is designed to facilitate fast, secure, and low-cost transactions across multiple blockchains. The coin operates on several blockchains, including Ethereum (ERC-20), Binance Smart Chain (BSC), and HECO.
SWFTCOIN functions using a combination of blockchain technology, machine learning, and big data. It allows direct swaps between over 300 cryptocurrencies across more than ten blockchain and layer 2 networks. Initially launched as an ERC-20 token on Ethereum, SWFTC has expanded to other blockchains. It leverages artificial intelligence for seamless cross-chain swaps and uses the consensus mechanisms of the respective blockchains it operates on, such as Ethereum's Proof of Work and Binance Smart Chain's Proof of Staked Authority.
SWFTCOIN serves multiple purposes, such as transaction fees on the SWFT Blockchain platform, service fees within the system, and enabling cross-chain swaps. Large holders of SWFTC benefit from discounts on fees, and there are staking opportunities with competitive APY rates. The platform's applications extend to secure wallet and asset management, instant cryptocurrency transfers, and financial services like wealth management and mining pools.
SWFTCOIN was founded in Silicon Valley in 2017 by Ramble Lan, a pioneer in cryptocurrency technologies. The token was launched in October 2017 on the Ethereum blockchain. Over the years, the SWFT Blockchain has expanded globally, introduced new features like custodial wallet storage and one-click swaps, and has been recognised in competitions such as the Shenzhen Fintech Innovation Competition. The platform continues to innovate with non-custodial wallet options and integrations with major public chains, supporting a wide range of cryptocurrencies for cross-chain swaps.