I Reviewed Swerve (SWRV Token) DEAD PROJECT...🚨😏

Decentralised News

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00:00welcome back to decentralized news so i'm back with another token review what am i looking at

00:05today swerve okay so this is a token that has a ticker with the symbol swrv if you're a bitcoiner

00:14give us a like and a subscribe i really appreciate you checking in on the channel and don't forget

00:20to give us a look at the links in the description as well but we're looking at swrv token today

00:28it is traded on okx it's also available on mexc on aax gate il and a number of other exchanges so

00:36we have full length reviews of all of these cryptocurrency exchanges on our main site

00:42head on over to decentralized.news so what is swerve they describe this project as pretty much

00:49a decentralized liquidity exchange pool that was forked from curve so similar to curve it is

00:57primarily sort of focused on stablecoin pools so it actually launched just um with just one

01:04combination of a pool so die and usdc and tether usdc and true usdc so this is a stablecoin pools

01:16and in december they projected um that they actually had uh reached over a billion in total volume

01:26logged in the pools so it is also a decentralized autonomous organization or dao and they use ethereum's

01:35erc20 tokens and uh this is the token swrv which is the ticker for governance in addition to also

01:44rewarding uh liquidity providers within the ecosystem so i think it's it's an interesting project

01:53currently they are only trading at about zero 10 cents 16 cents almost 17 cents down seven percent a day

02:02at the time of shooting this video but um let's see what the actual value proposition is about so

02:09it was launched as a community focused alternative to curve like i said before and swerve's founder has

02:16actually been very critical curve saying that the platform is not fairly governed and that the founder

02:21has too much power and swerve's founder said that it offers a better swap pricing for larger annual

02:27percentage yields on stablecoin than other platforms as well and uh swerve also uses a reward gaming

02:35mechanism called boost through which uh let's say liquidity providers lock up these uh sr svrv tokens

02:44uh and uh and uh they can receive uh these uh higher apys than those that do not uh boost so the rate at which

02:54the apr wise uh or once our apy is actually boosted is determined by a calculation that incorporates the number

03:02of tokens that are logged by the user and the number uh or the total amount that's actually logged among other factors as well so

03:09trading on the platform is subject to a fee of course they do charge a minimal 0.03 percent fee of which

03:1750 is actually awarded to liquidity providers and 50 is taken as an administrative fee and it's sent to

03:25the swerve treasury which is kept at about two hundred thousand dollars in october 2020 or 2020 rather

03:32its uh governance uh voted to accept a grant uh to also further build uh on uh decentralized uh platform

03:39serum which is a uh serum with uh srm is the token ticker for that protocol so quite interesting like i said

03:48it is uh still um it has a protocol smart contracts which uh have also been audited by peck shield and

03:54cryptic labs so you can check them out they are available for trading on okx on yb

04:02binance me uh mxc etc my favorite exchange to trade with or to invest with is btse or bitsy

04:11really love this platform i think this is a group of our guys that are really uh product focused coming

04:18out of uh with the really like user orientated products and uh i love using the platform and uh so

04:26check out uh btse or bitsy the link is in the description please do check it out for yourself

04:33i've also done a full review of them i do not typically recommend exchanges unless it's a

04:39an exchange that i've done some work with or i'm working with in terms of either helping them

04:45do market penetration or market development initiatives and uh these are companies that

04:50i'll put my money on in terms of uh i at least know uh a lot about um uh what the exchange is

05:00and i've also really used it and i feel like uh my ethos and there's a line and uh you can also see

05:06some of the companies that i've worked with before in terms of uh similar initiatives uh work with

05:12packs full with remitano uh with uh luno with uh bybit we've done some work with um okx and uh stuff

05:23like that so just depending on uh what we really want to bring to users and uh we can help uh other

05:31projects as well get uh market development uh done if you're interested in uh developing a market place

05:38for your project in africa you can head on over to proudlyassociated.com and you can check out the

05:46full details if you're also just an influencer or a content creator we also work with uh um davs with

05:55uh anybody that really we can help grow ecosystems together you can go on to proudlyassociated so like

06:03i said bitsy is the platform that i'm recommending other than that go check out links in the

06:08description to my books tokenized trillions and blockchain applied don't forget to also check out

06:13our telegram and our discord server like share subscribe turn on the notifications i'll see you

06:19guys in the next peace

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