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…
