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Swarm Fund is a decentralized, open-source blockchain market platform that allows individuals to invest cryptocurrencies into real assets including real estate and private and public companies' equity. They create and manage asset-backed tokens and are able to deploy conventional capital into actual real markets with ease. This platform is built on the Ethereum network. Swarm provides flexibility in investing since there less bureaucracies, no minimums and no paper work, but has a well-definedShow more [+] structure. Individual investors who had been sidelined before are now able to own a part of big world investments. Small investors are pulled together into Swarms to create a large pool of investment capital. The platform uses master-nodes to reward users for supporting the platform.
SWM, the token or fuel used to run operations on the Swarm Fund platform is an erc20 token built on the TokenD and Stellar blockchain. SWM is used for governance and giving out incentives or rewards on the platform. The token has a maximum supply of 100 million tokens and is not premined. Its ICO (Initial Coin Offering) ended on October 28, 2017, raising $5.5 million with the token retailing at $1 per token. Being an erc20 token, it is compatible with erc20 and ETH wallets like Jaxx and counterwallet. The token is listed for trading on HitBTC, IDEX, YoBit and ForkDelta exchanges.
Swarm boasts of a team rich in engineering and blockchain development knowledge and skills. They hail from reputable companies such as Facebook, Microsoft and other major firms. This team is led by tech entrepreneur Philipp Pieper, who is the CEO and co-founder. Others on the advisory board include Anthony Di'lorio, Ethereum and Jaxx co-founder, Chris Kitze, the SafeCash CEO and Mark Oei, Sequoia Heritage Fund co-founder among others.