Swisstronik Secures $5 Million in Seed Funding, Commences Exclusive Token Sale

Swisstronik Secures $5 Million in Seed Funding, Commences Exclusive Token Sale


Swisstronik Raises $5 Million in Seed Funding and Launches Private Token Sale

Swisstronik, a layer-1 network focused on user privacy and regulatory compliance, has successfully closed its $5 Million seed funding round. The funds will be used for team expansion, technology development, and the planned launch of its mainnet in 2024. Along with the funding round, Swisstronik has likewise initiated a private token sale, offering early investors the chance to secure SWTR tokens required for accessing the Swisstronik Network before the public launch.

The first deal in the private token sale has already been closed with MAQ Financial resources Home, a UAE-based deal financial resources firm. MAQ Financial resources Home acquired $500,000 worth of future SWTR tokens, enabling them to participate with and contribute to Swisstronik’s ecological system. The private token sale will continue until mid-2024, followed by a public sale of SWTR in the Second half of the year.

Building a User-Friendly and Secure Network

Swisstronik intends to create a user-friendly and secure network that prioritizes legal compliance, data privacy, and compatibility. The management team, with extensive blockchain experience dating back to 2016, is focused on making Swisstronik the preferred choice for developers while emphasizing privacy and decentralization.

READ NOW
SEC Raises Concerns Over Multiple Violations by FTX Auditor

The roadmap for Swisstronik includes launching its mainnet in 2024 and introducing a decentralized messenger, distributed authorization system, corporate decentralized oracles, and assets tokenization suite in 2025. These developments position Swisstronik as a cost-effective compliance management tool for Web 3.0 projects, potentially reducing regulatory challenges.

Hot Take: Swisstronik Sets Its Sights on Privacy and Compliance in the Cryptocurrency Space

Swisstronik’s successful seed funding round and private token sale mark whole lot of progress in its mission to create a user-friendly and secure network that addresses key issues of privacy and regulatory compliance. With a strong management team boasting extensive blockchain experience, Swisstronik intends to become the go-to choice for developers while prioritizing data privacy and decentralization.

READ NOW
Revolutionary Web3 Gaming Summit 2023 Sets New Heights with a Perfect Conclusion

The ongoing private token sale provides early investors with exclusive access to SWTR tokens, allowing them to engage in Swisstronik’s ecological system before the public launch. This strategic approach ensures that the project receives critical support and engagement from investors as it progresses towards its mainnet launch in 2024.

By focusing on compliance management tools for Web 3.0 projects, Swisstronik intends to streamline regulatory processes and reduce challenges faced by enterprises operating in the cryptocurrency space. As Swisstronik continues  to develop its network and expand its reach, it has the  capacity to play a whole lot of role in shaping future of the privacy and compliance in the digital currency industry.

READ NOW
Revised Proposal in Ongoing Feud with DCG: Gemini’s Latest Update
Author – Contributor at | Website

Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah’s ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension.

READ NOW
Potential Final Correction for Bitcoin Expected Below $20,000
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend