SwiftCash is a digital store of value, and a peer-to-peer cryptocurrency with a decentralized governance via Masternodes which also enable instant payments; but SwiftCash is more than simply another alternative to Bitcoin or Dash. Users can play cheat-proof lotteries that run fully on the blockchain with as little as 0.01 SWIFT or open long-term deposits in the blockchain between 1-12 months, also known as HODL deposits. These deposits can mine up to 80% of the maximum block rewards; 12-month deposits are currently earning 51.85%.
Whitepaper
Get involved in development, support and outreach activities
The SwiftCash community is comprised of early investors, cryptocurrency enthusiasts, developers, and traders. Professional development, support, and outreach activities can attempt to mine SwiftCash in a Proof-of-Labor fashion through the blockchain's decentralized governance system. Up to 10% of maximum block rewards can be mined by proposals that are embraced by enough stakeholders. To discourage scams, most of the community only tends to vote for proposals that use our community escrow, which is a multisig address to escrow these funds if they are approved, so contractors can get paid from this escrow, after the promises of their proposals are vetted and fulfilled.
Join DiscordYou can now play and win cheat-proof lotteries that run fully on the blockchain
SWIFT's decentralized lotteries run fully on the blockchain and are secured by Miners and Masternodes. Tickets can be bought with as little as 0.01 SWIFT; 15% of the sold tickets goes to Miners and Masternodes who secure the network. This provides Miners and Masternodes with a solid income in addition to the ever decreasing inflation. 5% of the tickets burn in a deflationary fashion and 80% becomes the jackpot which is split between 3 guaranteed winners every 5000 blocks, using discrete distribution; burning more coins results in higher chances. First winner gets 60% of the jackpot, second winner gets 30% and third winner gets 10%. All three winners can end up being linked to the same entry.
Lottery's Jackpot
SWIFT's HODL deposits immitate term deposits in the traditional banking systems and can mine up to 80% of the maximum block rewards. Unlike traditional term deposits, HODL deposits are not lent to any centralized authority or individual, but are rather locked in the blockchain and made unspendable for 1-12 months. The best rate is paid to 12-month deposits and is currently 53.35%. The APR for HODL deposits that lock less than 12 months is 7% less for each month.