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https://noshortlink/Pfu3HJ [nofollow]Swift Demand is an attempt at basic income. Each user who is signed up for the service receives 100 swifts each day. No additional swifts can be created with time or resources. No user can gain any other ‘advantage’ when it comes to acquiring swifts.
When will Swifts be on an exchange?
We are currently working on building the technology required to make the Swift Protocol possible. Once the technology has been completed, we will begin the process of talking with various exchanges. We unfortunately cannot make any promises as to exactly when this will be finalized.
What will happen to my Swifts when it becomes a cryptocurrency?
All of your Swifts will be converted to the new cryptocurrency at a 1:1 ratio automatically. You don’t need to worry about anything.
What is the total supply of Swifts?
There are different supplies set aside for the development of the platform, funding proposals, and the basic income that is distributed. Please read the white paper linked above for a more detailed description.
What Is Basic Income?
Basic income is a concept where all people in a specific group are given a fixed amount of unconditional income. Ideally basic income should reduce poverty and help decrease the wage gap between the rich and the poor improving the quality of society.
Is This A Cryptocurrency?
SwiftDemand is currently a digital currency and will soon become a full cryptocurrency. In mid-2018 all Swifts on SwiftDemand will be transferred at a 1:1 ratio onto the new Swift blockchain.