Clout.art's Sway token is introduced on gate.io

Clout.art's Sway token is introduced on gate.io

[press release Tuesday 8th October 2021]

The Sway token from Clout.art was approved for retail on October 7, 2021 at 8:00 p.m. (UTC+8) on the Gate.io exchange.

After the token Generation Event (TGE), Clout.Art’s Sway-token was allocated to all seed and private participants before they on leading stock exchanges such as gate.io Quickswap. Sway was available from October 7, 2021 at 8:00 p.m. (UTC+8) for the purchase, sale and complete trade on Gate.io.

The TGE will create 100 million Sway tokens, with a further 100 million being distributed as an incentive for the introduction of the platform. 10 % of the 200 million Sway will go to future Airdrops, 17 % of seed and private investors, 50 % of platform incentives and 9 % of liquidity and reserves. The remaining 14 % are divided into the founding team, partners and marketing funds.

gate.io carried out a startup sale 24 hours before the main offer. It started on Wednesday. October 6, 2021 at 5:00 p.m. (UTC+8). The initial price offer for the Sway token in the startup sale was set at 0.07 USD and the sales destination was set at $ 50,000. This event gave enthusiastic investors the opportunity to develop a revolutionary social protocol at an early stage, which transforms their “social capital” into an asset class. All details of the startup sale can be found here on the Gate.io website.

in a statement for Sway listing on gate.io commented clout.art founder Jure Zih:

"We are pleased that Gate.io has decided to list. Social capital is a new investment class, and Gate.io gave the crypto community a gateway to open up its value. Now all eyes are pointed out that Sway is listed on October 7th!"

Owners of Sway-Token can use their tokens with their favorite creators in their creator pools. The staker is rewarded with a percentage of the profit each time when the creator sells an NFT on the Clout.art platform. This is the beginning of a new era in which staking is the new followers. Creators and their fans will be able to earn together and grow together and at the same time reduce their dependence on centralized social media platforms. Further use cases for the Sway token are governance voting, platform incentives and prehistory.

on clout.art

clout.art transforms its most valuable content, such as its most successful Instagram posts, into unique NFTs. Your content will be part of a valuable collection of assets and a source of income.

about gate.io

gate.io was created to enable a new generation of global dealers to access the revolutionary age of cryptocurrencies. Gate.io was founded at the end of 2017 and is now a top 10 crypto exchange according to real volume.