Tokenization just got a lot easier thanks to the innovative minds behind the Swarm Dapp release. This revolutionary platform allows users to easily, and freely, create and issue security tokens at will. The news shows a shift in strategy from one of the most respected players in the market. It also demonstrates the start of a more robust issuance sector.
SWARM Changes the Game
This week, SWARM developers proved that they are serious about decentralization with their latest release of major upgrades to their smart contract suite. Built atop those smart contracts, the SWARM App by Swarm Capital is a market first in many ways. For one, security token issuance has long been a technically savvy business sector. Now that anyone can create security tokens, market innovation is no longer tethered to a person’s technical know-how. Basically, SWARM just changed the game in a major way.
Notably, Swarm Capital is the first provider to create and release a tokenization UI designed for third-party users. The company’s strategy follows the overall growing trend of B2B2B (businesses that sell services to businesses, that sell services to businesses) service providers taking the lead in the market.
Easy to Use
Swarm’s new Dapp includes a feature-rich UI (user interface) that simplifies the entire token issuance process. Notably, beginners need no training to navigate the free UI. The platform guides users throughout the entire process including classifying the token. The Dapp allows you to configure, mint, and issue tokens at no cost.
Interestingly, Swarm Capital didn’t make the Dapp compatible with just newbies in the blockchain sector. The Dapp has a host of advanced features designed to service the needs of developers, consultants, and advisors. Blockchain experts can even program smart contracts directly within the platform.
The robust smart contract capabilities of the Dapp allow programmers to integrate a wide array of regulatory stipulations into the tokens. These features include the ability to add transfer restriction rules, account freeze, and contract freeze stipulations. You can even couple real-world assets to your security token via the platform.
Swarm White Label
Perhaps one of the best features of the new Dapp is the ability to white label the services. Service providers can use the open tools to build custom UIs for clients. By allowing other service providers to profit off of its UI, the company cements its positioning in the market moving forward.
How Swarm Dapp Works
The Swarm Dapp employs a set of pre-programmed smart contracts. These smart contracts create an alterable framework for companies to build upon. Basically, anyone with a little technical know-how can create a security token using the easy to follow instructions.
Once a user completes the token creation process, the token is then sent to the Ethereum Testnet. Here, developers can experiment with their new tokens in a safe and open environment. Once an issuer completes testing the token’s functionality, publishing the token to the Ethereum Mainnet only takes a few clicks.
Additionally, Swarm’s Stake-to-Issue tokenomics allows users to create and issue tokens with zero fees. Users simply stake their SWM tokens to initiate the contract. You can retrieve your staked SWM simply by completing a burn function with the security tokens.
The SRC20 token standard is a variation on the popular ERC-20 token standard. As such, the token retains the highest level of interoperability available in the market. Importantly, these tokens remain compliant throughout the entire token’s lifecycle, including during secondary trading.
Swarm’s Bright Future
From the looks of these developments, Swarm intends to be a staple in the tokenization community for years to come. As such, the company announced that all tokens issued on the platform will be compatible with upcoming swarm fundraising events. Also, developers seek to include a fundraising model in their next release. For now, Swarm just upped the ante in the security token sector.