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    Swarm Launches Token Equity Platform: Coinbase, Robinhood, Ripple & Didi Involved But for How Long?

    A newly developed project that is operating with the ERC20 token has made an announcement that they will be launching coins representing various equities in the cryptocurrency coin broker Coinbase. The new company XRP Ripple, trading application Robinhood, and an app that is basically a Chinese version of Uber like the giant called Didi.

    “The launch of tokens representing equity in tech companies is accomplished via Swarm’s partnerships with Silicon Valley venture capital firms and funds with direct and secondary access to this equity.”

    The infrastructure of Swarm will then be used for the tokenization of various positions in the different companies, thereby opening the partial base of access to a worldwide growing community of investing partners. but more so will be used to provide the new tools used to create the important points of access for the growing community.

    It will work at a technical level but has not been fully explained in the company whitepaper. However, once the stocks associated with the company as well as the shares who were acquired from the previous employees of VC who invested their capital into the company, the future equity where therefore be turned into coins.

    The new coins will be done through an SRC20 token, which has been described as an asset backed token – one that is live on a private blockchain, and finally built on the Stella based protocol.

    “Like ERC20 tokens, a unique SRC20 token is created individually for each opportunity… all of which can be traded on the Swarm Network Exchange,” that was stated.

    The token exchange platform is not finished, it is also still uncleared at this point as to whether or not there will be a closed source for proprietary exchanges. Whether it will be open to the other token holders or moved is still yet to be seen after they are bought.

    The later cases may hold some focus for regulations, this could be because of the various legal requirements needed to hold that are able to be built into the coin itself. It’s operated on an Ethereum coin but is still no clear as to whether the protocol of Stella can be used or not like that of RegTech.

    They still get the idea that exchange will be closed to trading from the general public as the coin equity is on a privatized chain of the block. Arguably, it won’t necessarily work on just any open network, so funds aren’t just going wherever they want all over the world.

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    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

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