Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
With the galloping inflation, the energy market is in the spotlight at the moment. How about bringing a breath of fresh air to this very traditional sector? This is precisely the objective of the SWU crypto project. Find out what this project is all about and how to participate in the ongoing SWU ICO.
What is the SWU project?
The SWU (Smart World Union) project is a utility token (the SWU) and a platform (Chez Switch). The objective of the project is to create a marketplace dedicated to energy. The Chez Switch platform is the “first energy store in France.” Eventually, the platform will allow consumers to easily “switch” to a phone, electricity, or gas package and pay bills in SWU cryptocurrency.
Read our overview article to understand how SWU intends to reinvent the energy market.
The distribution of SWU
The supply of SWU tokens is limited. The SWU project plans to put 300 million SWU tokens in total into circulation. A number of tokens are allocated to different functions:
- 50% of the tokens are sold to the public during the various ICOs;
- 20% of the tokens are kept in reserve to ensure the continued development of the network. In particular, this budget will be used to develop the energy marketplace by securing token sales planned as part of future partner offerings;
- 15% of the tokens will be used to fund marketing campaigns and incentives to promote the use of the SWU token. This envelope will also be used to organize the listing of the token on relevant platforms;
- 15% of the tokens are intended for the project partners.
Generate passive income with SWU staking
Buying SWU isn’t just for paying energy bills. SWU crypto will also earn you money! Indeed, the founders have set up a system to reward “long-term” holders. What does that consist of?
It’s very simple. You can participate in SWU staking, and you will receive SWU tokens as a reward. Indeed, 3% of the tokens are taken from each transaction. These tokens are allocated as follows:
- 1% of the tokens are distributed to people who are staking: you can thus receive passive income;
- 1% of the tokens are burned to reduce the number of available tokens and therefore encourage an inflationary trend;
- 1% of the tokens is dedicated to a foundation committed to sustainable development.
The SWU project has thus set up a virtuous system where each participant receives a fair reward.
Invest in the SWU project in 2022
Smart World Union continues its development and unfolds its token sale phases. A pre-ICO already took place in 2020. The SWU tokens were then put on sale at the price of 0.04 € per unit.
The first ICO stage (Initial Coin Offering) took place in 2021. The price of the token was then €0.06 per unit.
If you missed these important steps, it’s not too late to catch up! The second ICO phase is currently underway. You have until May 31, 2022, to get your hands on SWU tokens at a price of €0.08 each.
Specifically, you can buy SWU with Bitcoin (BTC), Tether (USDT BEP-20 or ERC-20), or Binance USD (BUSD BEP-20). The entry ticket is only 100 euros.
Beyond May 31, 2022, you will have to wait for the official launch of the SWU token scheduled for July 1, 2022. At that time, you will be able to buy SWU at the price of €0.10 per unit.
In addition, the electricity and telephone packages (4G and 5G) are gradually being introduced. To date, 11 “Chez Switch” stores are already operational throughout France. Do not hesitate to contact them to Switch as soon as possible!
Participate in green projects through SWU
Let’s remember that the first objective of the SWU project is to promote green energy. Logically, Smart World Union strives to support relevant green projects.
The project has set up a DAO, i.e., a Decentralized Autonomous Organization (or “organisation autonome décentralisée” in French).
Every SWU token holder can become a player in the SWU DAO. Indeed, you can vote for the green projects that you find the most promising and compelling. The result of the votes is then taken into account to allocate the project resources.
Follow the evolution of the project:
