SwftCoin (SWFTC) is a cryptocurrency that operates on the Ethereum platform and is part of the SWFT Blockchain ecosystem. It is a decentralized, ERC20 token that facilitates cross-blockchain transactions and serves as the primary trading fee on SWFT Blockchain exchanges. SWFTC can be used to pay for transaction fees, service fees, and offers discounts for users. The token has a capped supply of 10 billion and is listed on various exchanges.
SwftCoin (SWFTC) is the native cryptocurrency of the SWFT Blockchain platform. It is used primarily as a utility token to facilitate transactions and provide benefits to users within the ecosystem. Here are the key ways SWFTC is utilized:
Transaction Fees: SWFTC is used to pay for transaction fees on the SWFT Blockchain platform. Token holders receive a 50% discount on these fees, making it a cost-effective option for users.
Service Fees: SWFTC can also be used to pay service fees within the system, further enhancing its utility.
Cross-Chain Swaps: SWFTC enables seamless cross-chain swaps across multiple blockchains, including Ethereum, Binance Smart Chain, HECO, and others. This allows users to swap cryptocurrencies efficiently and securely.
- Discounted Fees for Large Holders: Wallets holding 500,000 SWFTC or more receive a 50% discount on fees for all transactions on the SWFT AllChain Swap, reducing fees to 0.1%.
Overall, SWFTC plays a crucial role in the SWFT Blockchain ecosystem, providing users with a convenient and cost-effective way to manage and swap cryptocurrencies across different blockchains.
To store SWFTCoin (SWFTC) tokens securely, you can use a variety of wallets that support the cryptocurrency. Here are some options:
Atomic Wallet: This wallet supports over 1000 coins and tokens, including SWFTC. It is private, secured, and offers 24/7 online support. No registration or KYC is required to use the app.
SWFT Blockchain Wallet: This wallet allows you to store and manage over 500 cryptocurrencies across numerous blockchains. It offers a user-friendly interface and supports cross-chain swaps, making it easy to manage your assets.
Metamask Wallet: This wallet supports millions of assets and blockchains, making it suitable for trading SWFTC on decentralized exchanges.
- Hardware Wallets: It is recommended to transfer your SWFTC tokens to a hardware wallet like Ledger or Trezor for added security.
These wallets provide a secure and convenient way to store and manage your SWFTCoin tokens.
To buy SWFTCoin (SWFTC) tokens, follow these steps:
Create an Account:
- Register on a reliable centralized exchange (CEX) like Coinbase, Binance, or KuCoin, or a decentralized exchange (DEX) that supports SWFTC. Ensure you provide necessary information, including your email address and a secure password.
- Complete any required identity verification steps and set up two-factor authentication for added security.
Choose a Funding Method:
- Select a payment method that suits you, such as credit/debit cards, bank deposits, or third-party payment channels. Some exchanges also offer peer-to-peer trading options.
Buy SWFTC:
- Navigate to the exchange's Buy & Sell section and select SWFTC as the cryptocurrency you want to purchase.
- Choose the order type that best fits your needs, such as market orders, stop orders, limit orders, or TWAP orders.
Transfer to Your Wallet:
- Once you've purchased SWFTC, you can either hold it in your exchange account or transfer it to your personal cryptocurrency wallet, such as Metamask or Trust Wallet, for additional security and flexibility.
Trade or Hold:
- You can trade your SWFTC for other cryptocurrencies or hold it for potential long-term gains. Keep track of market trends and adjust your strategy accordingly.
Remember to research the exchange's reputation, read user reviews, and compare different exchanges to find the most suitable one for your needs.