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Komfie Manalo, Opalesque Asia: Swarm Fund, a decentralized capital marketplace providing cryptocurrency investors access to high-return, institutional-style investment funds backed by real-world assets, said it has opened its public token sale from October 21 to October 27 this year. Swarm Fund closed its token pre-sale on October 17 after raising $5.4m.
"Swarm's launch represents the next iteration of crypto and blockchain technologies, while bridging the gap between traditional finance and the rapidly innovating cryptocurrency space," said Joel Dietz, cryptocurrency pioneer, partner and co-founder of Swarm Fund. "The first wave of crypto was a peer-to-peer transactional system, with bitcoin. The second wave came when ethereum brought us smart contracts, and the programmability of crypto-tokens and other digital utilities. The third wave will be the securitization of those digital properties, backed by real-world assets such as real estate and brick-and-mortar companies, traded on the blockchain."
Token holders will be able to participate in Swarm's inaugural liquid democracy vote, believed to be the first of its kind for a crypto enterprise, to determine the Swarm (SWM) token's initial liquidity release structure, from October 31 to November 3.
"By using the services and infrastructure this platform provides for our own launch in the form of our inaugural liquid democracy vote, we are literally eating our own ...................... To view our full article Click here
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