SWFTC
SWFTC

SwftCoin price

$0.0088374
+$0.000098982
(+1.13%)
Price change for the last 24 hours
USDUSD
How are you feeling about SWFTC today?
Share your sentiments here by giving a thumbs up if you’re feeling bullish about the coin or a thumbs down if you’re feeling bearish.
Vote to view results

SwftCoin market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
$88.40M
Circulating supply
10,000,000,000 SWFTC
100.00% of
10,000,000,000 SWFTC
Market cap ranking
--
Audits
CertiK
Last audit: Jun 22, 2023
24h high
$0.0098352
24h low
$0.0084745
All-time high
$0.069099
-87.22% (-$0.06026)
Last updated: Jan 12, 2018
All-time low
$0.00043400
+1,936.26% (+$0.0084034)
Last updated: Mar 13, 2020

SWFTC calculator

USDUSD
SWFTCSWFTC

SwftCoin price performance in USD

The current price of SwftCoin is $0.0088374. Over the last 24 hours, SwftCoin has increased by +1.13%. It currently has a circulating supply of 10,000,000,000 SWFTC and a maximum supply of 10,000,000,000 SWFTC, giving it a fully diluted market cap of $88.40M. At present, the SwftCoin coin holds the 0 position in market cap rankings. The SwftCoin/USD price is updated in real-time.
Today
+$0.000098982
+1.13%
7 days
-$0.00128
-12.68%
30 days
-$0.00534
-37.67%
3 months
+$0.0016004
+22.11%

About SwftCoin (SWFTC)

3.9/5
CyberScope
3.9
04/04/2025
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
Show more
  • Official website
  • White Paper
  • Github
  • Block explorer
  • About third-party websites
    About third-party websites
    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

SwftCoin (SWFTC) emerged from over a decade of development within the crypto industry, where numerous distinct projects took shape. During this time, various projects surfaced, each with its own approach to leveraging crypto and blockchain technology to enhance different aspects of the modern world. Yet, for the industry to progress further, integrating these separate networks into a unified whole becomes essential.

Naturally, the process of interconnecting these distinct networks presents challenges. Many current projects actively strive for interoperability, aiming to establish seamless connections with other networks. Among these endeavors, SWFTC stands out as a notable achiever in interoperability, successfully establishing relationships with over 50 diverse blockchains.

What is SWFTC?

SWFTC serves as the native token of the SWFT Blockchain platform. This platform operates as a cross-chain instant exchange aggregation platform and a cross-chain non-fungible token (NFT) marketplace aggregation platform. SWFTC aims to enable seamless transactions across various blockchain assets through its website or mobile application. The core focus of the platform is to address the issue of inefficient transfers between different domestic or international cryptocurrency platforms.

The SWFTC team

Ramble Lan, a prominent crypto advocate and President of the North America Blockchain Association, spearheaded the team. The group comprises seasoned blockchain developers, each playing a distinct role in the project's advancement. Notable individuals include Allan Cruz, the project's business developer, and Melchis Dmello, who holds the Head of Business Development position.

How does SWFTC work?

SwftCoin ensures compatibility across diverse blockchain networks. By incorporating AI technology, the platform guarantees minimal conversion fees for cross-border payments, delivering competitive rates to users. The SWFT Blockchain encompasses several vital elements. The SWFT Blockchain Wallet App takes center stage, providing a feature-rich experience and seamless one-click cross-chain swaps. 

Complementing this is the SWFT AllChain Bridge, a H5 Version One-Stop Cross-chain Swap solution. This bridge facilitates effortless NFT and utility token swaps without requiring multiple platform registrations or logins. The ecosystem also encompasses SWFT Bridgers, enabling secure decentralized trading that's efficient and cost-effective. Lastly, the SWFT Cross-chain Asap API + widget allows comprehensive integrations with third-party wallets and platforms, all at no additional cost.

SWFTC: SwftCoin’s native token

The native cryptocurrency of SwftCoin is referred to as the SWFTC token. Its launch occurred on August 31st, 2017, with a total token supply of 10 billion. As of July 2023, approximately 40 percent of the total tokens are in circulation, equating to slightly over 4 billion SWFTC tokens.

SWFTC token use cases

Within the SWFT Blockchain ecosystem, the SWFTC token assumes a significant role as the utility token. It powers various functionalities and offers diverse advantages. Notably, it provides the potential for fee discounts and operates as a governance token. Regarding governance, users can partake in decision-making processes concerning the project's platform. 

Additionally, SWFTC holders benefit from a 50 percent reduction in fees within the SWFT Blockchain ecosystem. This reduction in expenses empowers traders to allocate more resources to cryptocurrency swaps. While maintaining its inherent value, SWFTC can also be utilized for trading or as a store of value.

SwftCoin token distribution

The distribution of SwftCoin tokens was structured as follows:

  • 30 percent of the tokens were allocated during the project’s token sale.
  • A reserve of 20 percent was established to serve as valuable assets for early investors and to facilitate market promotion.
  • Another 20 percent was earmarked for incentivizing founders, employees, and developers.
  • A notable portion of 25 percent was allocated for supporting business development, investments, and the expansion of market presence.
  • A 5 percent allocation was specifically dedicated to fostering academic research and education initiatives.
Show more
Show less

Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 398 new posts about SwftCoin, driven by 112 contributors, and total online engagement reached 16K social interactions. The sentiment score for SwftCoin currently stands at 95%. Compared to all cryptocurrencies, post volume for SwftCoin currently ranks at 5266. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of SwftCoin.
Powered by LunarCrush
Posts
398
Contributors
112
Interactions
15,644
Sentiment
95%
Volume rank
#5266

X

Posts
329
Interactions
15,455
Sentiment
96%

SwftCoin FAQ

What is SwftCoin?

SwftCoin serves as the native cryptocurrency of the SWFT Blockchain, a prominent player in the field of interoperability. This project facilitates seamless crypto and NFT transfers across over 50 blockchains.

What are the benefits of using SwftCoin?

SwftCoin provides several advantages, such as streamlined cross-chain swaps, efficient NFT transfers, and more. The experience is characterized by enhanced speed, affordability, simplicity, and notable improvements over competing solutions.

Where can I buy SWFTC tokens?

Easily buy SWFTC tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is SWFTC/USDT.

You can also buy SWFTC with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for SWFTC with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into SWFTC, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is 1 SwftCoin worth today?
Currently, one SwftCoin is worth $0.0088374. For answers and insight into SwftCoin's price action, you're in the right place. Explore the latest SwftCoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as SwftCoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as SwftCoin have been created as well.
Will the price of SwftCoin go up today?
Check out our SwftCoin price prediction page to forecast future prices and determine your price targets.

Monitor crypto prices on an exchange

Watch this video to learn about what happens when you move your money to a crypto exchange.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
swftcoin
Consensus Mechanism
swftcoin is present on the following networks: binance_smart_chain, ethereum. Binance Smart Chain (BSC) uses a hybrid consensus mechanism called Proof of Staked Authority (PoSA), which combines elements of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA). This method ensures fast block times and low fees while maintaining a level of decentralization and security. Core Components 1. Validators (so-called “Cabinet Members”): Validators on BSC are responsible for producing new blocks, validating transactions, and maintaining the network’s security. To become a validator, an entity must stake a significant amount of BNB (Binance Coin). Validators are selected through staking and voting by token holders. There are 21 active validators at any given time, rotating to ensure decentralization and security. 2. Delegators: Token holders who do not wish to run validator nodes can delegate their BNB tokens to validators. This delegation helps validators increase their stake and improves their chances of being selected to produce blocks. Delegators earn a share of the rewards that validators receive, incentivizing broad participation in network security. 3. Candidates: Candidates are nodes that have staked the required amount of BNB and are in the pool waiting to become validators. They are essentially potential validators who are not currently active but can be elected to the validator set through community voting. Candidates play a crucial role in ensuring there is always a sufficient pool of nodes ready to take on validation tasks, thus maintaining network resilience and decentralization. Consensus Process 4. Validator Selection: Validators are chosen based on the amount of BNB staked and votes received from delegators. The more BNB staked and votes received, the higher the chance of being selected to validate transactions and produce new blocks. The selection process involves both the current validators and the pool of candidates, ensuring a dynamic and secure rotation of nodes. 5. Block Production: The selected validators take turns producing blocks in a PoA-like manner, ensuring that blocks are generated quickly and efficiently. Validators validate transactions, add them to new blocks, and broadcast these blocks to the network. 6. Transaction Finality: BSC achieves fast block times of around 3 seconds and quick transaction finality. This is achieved through the efficient PoSA mechanism that allows validators to rapidly reach consensus. Security and Economic Incentives 7. Staking: Validators are required to stake a substantial amount of BNB, which acts as collateral to ensure their honest behavior. This staked amount can be slashed if validators act maliciously. Staking incentivizes validators to act in the network's best interest to avoid losing their staked BNB. 8. Delegation and Rewards: Delegators earn rewards proportional to their stake in validators. This incentivizes them to choose reliable validators and participate in the network’s security. Validators and delegators share transaction fees as rewards, which provides continuous economic incentives to maintain network security and performance. 9. Transaction Fees: BSC employs low transaction fees, paid in BNB, making it cost-effective for users. These fees are collected by validators as part of their rewards, further incentivizing them to validate transactions accurately and efficiently. The Ethereum network uses a Proof-of-Stake Consensus Mechanism to validate new transactions on the blockchain. Core Components 1. Validators: Validators are responsible for proposing and validating new blocks. To become a validator, a user must deposit (stake) 32 ETH into a smart contract. This stake acts as collateral and can be slashed if the validator behaves dishonestly. 2. Beacon Chain: The Beacon Chain is the backbone of Ethereum 2.0. It coordinates the network of validators and manages the consensus protocol. It is responsible for creating new blocks, organizing validators into committees, and implementing the finality of blocks. Consensus Process 1. Block Proposal: Validators are chosen randomly to propose new blocks. This selection is based on a weighted random function (WRF), where the weight is determined by the amount of ETH staked. 2. Attestation: Validators not proposing a block participate in attestation. They attest to the validity of the proposed block by voting for it. Attestations are then aggregated to form a single proof of the block’s validity. 3. Committees: Validators are organized into committees to streamline the validation process. Each committee is responsible for validating blocks within a specific shard or the Beacon Chain itself. This ensures decentralization and security, as a smaller group of validators can quickly reach consensus. 4. Finality: Ethereum 2.0 uses a mechanism called Casper FFG (Friendly Finality Gadget) to achieve finality. Finality means that a block and its transactions are considered irreversible and confirmed. Validators vote on the finality of blocks, and once a supermajority is reached, the block is finalized. 5. Incentives and Penalties: Validators earn rewards for participating in the network, including proposing blocks and attesting to their validity. Conversely, validators can be penalized (slashed) for malicious behavior, such as double-signing or being offline for extended periods. This ensures honest participation and network security.
Incentive Mechanisms and Applicable Fees
swftcoin is present on the following networks: binance_smart_chain, ethereum. Binance Smart Chain (BSC) uses the Proof of Staked Authority (PoSA) consensus mechanism to ensure network security and incentivize participation from validators and delegators. Incentive Mechanisms 1. Validators: Staking Rewards: Validators must stake a significant amount of BNB to participate in the consensus process. They earn rewards in the form of transaction fees and block rewards. Selection Process: Validators are selected based on the amount of BNB staked and the votes received from delegators. The more BNB staked and votes received, the higher the chances of being selected to validate transactions and produce new blocks. 2. Delegators: Delegated Staking: Token holders can delegate their BNB to validators. This delegation increases the validator's total stake and improves their chances of being selected to produce blocks. Shared Rewards: Delegators earn a portion of the rewards that validators receive. This incentivizes token holders to participate in the network’s security and decentralization by choosing reliable validators. 3. Candidates: Pool of Potential Validators: Candidates are nodes that have staked the required amount of BNB and are waiting to become active validators. They ensure that there is always a sufficient pool of nodes ready to take on validation tasks, maintaining network resilience. 4. Economic Security: Slashing: Validators can be penalized for malicious behavior or failure to perform their duties. Penalties include slashing a portion of their staked tokens, ensuring that validators act in the best interest of the network. Opportunity Cost: Staking requires validators and delegators to lock up their BNB tokens, providing an economic incentive to act honestly to avoid losing their staked assets. Fees on the Binance Smart Chain 5. Transaction Fees: Low Fees: BSC is known for its low transaction fees compared to other blockchain networks. These fees are paid in BNB and are essential for maintaining network operations and compensating validators. Dynamic Fee Structure: Transaction fees can vary based on network congestion and the complexity of the transactions. However, BSC ensures that fees remain significantly lower than those on the Ethereum mainnet. 6. Block Rewards: Incentivizing Validators: Validators earn block rewards in addition to transaction fees. These rewards are distributed to validators for their role in maintaining the network and processing transactions. 7. Cross-Chain Fees: Interoperability Costs: BSC supports cross-chain compatibility, allowing assets to be transferred between Binance Chain and Binance Smart Chain. These cross-chain operations incur minimal fees, facilitating seamless asset transfers and improving user experience. 8. Smart Contract Fees: Deployment and Execution Costs: Deploying and interacting with smart contracts on BSC involves paying fees based on the computational resources required. These fees are also paid in BNB and are designed to be cost-effective, encouraging developers to build on the BSC platform. Ethereum, particularly after transitioning to Ethereum 2.0 (Eth2), employs a Proof-of-Stake (PoS) consensus mechanism to secure its network. The incentives for validators and the fee structures play crucial roles in maintaining the security and efficiency of the blockchain. Incentive Mechanisms 1. Staking Rewards: Validator Rewards: Validators are essential to the PoS mechanism. They are responsible for proposing and validating new blocks. To participate, they must stake a minimum of 32 ETH. In return, they earn rewards for their contributions, which are paid out in ETH. These rewards are a combination of newly minted ETH and transaction fees from the blocks they validate. Reward Rate: The reward rate for validators is dynamic and depends on the total amount of ETH staked in the network. The more ETH staked, the lower the individual reward rate, and vice versa. This is designed to balance the network's security and the incentive to participate. 2. Transaction Fees: Base Fee: After the implementation of Ethereum Improvement Proposal (EIP) 1559, the transaction fee model changed to include a base fee that is burned (i.e., removed from circulation). This base fee adjusts dynamically based on network demand, aiming to stabilize transaction fees and reduce volatility. Priority Fee (Tip): Users can also include a priority fee (tip) to incentivize validators to include their transactions more quickly. This fee goes directly to the validators, providing them with an additional incentive to process transactions efficiently. 3. Penalties for Malicious Behavior: Slashing: Validators face penalties (slashing) if they engage in malicious behavior, such as double-signing or validating incorrect information. Slashing results in the loss of a portion of their staked ETH, discouraging bad actors and ensuring that validators act in the network's best interest. Inactivity Penalties: Validators also face penalties for prolonged inactivity. This ensures that validators remain active and engaged in maintaining the network's security and operation. Fees Applicable on the Ethereum Blockchain 1. Gas Fees: Calculation: Gas fees are calculated based on the computational complexity of transactions and smart contract executions. Each operation on the Ethereum Virtual Machine (EVM) has an associated gas cost. Dynamic Adjustment: The base fee introduced by EIP-1559 dynamically adjusts according to network congestion. When demand for block space is high, the base fee increases, and when demand is low, it decreases. 2. Smart Contract Fees: Deployment and Interaction: Deploying a smart contract on Ethereum involves paying gas fees proportional to the contract's complexity and size. Interacting with deployed smart contracts (e.g., executing functions, transferring tokens) also incurs gas fees. Optimizations: Developers are incentivized to optimize their smart contracts to minimize gas usage, making transactions more cost-effective for users. 3. Asset Transfer Fees: Token Transfers: Transferring ERC-20 or other token standards involves gas fees. These fees vary based on the token's contract implementation and the current network demand.
Beginning of the period to which the disclosure relates
2024-04-02
End of the period to which the disclosure relates
2025-04-02
Energy report
Energy consumption
242.43096 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components: To determine the energy consumption of a token, the energy consumption of the network(s) binance_smart_chain, ethereum is calculated first. Based on the crypto asset's gas consumption per network, the share of the total consumption of the respective network that is assigned to this asset is defined. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

SWFTC calculator

USDUSD
SWFTCSWFTC