Swarm City Profile (SWT)
Project Safety Score
Mon, Oct 25, 2021 3:50 AM
Swarm City, found online at Swarm.city, is a commerce platform built on the Ethereum blockchain. The platform revolves around the SWT token. One of the unique things about Swarm City is that the data is stored locally on your device. There’s no central database. It’s also an open source project. Swarm City was created by a development team from Antwerp and entrepreneurs from the United States. The project was initially launched as a decentralized world known as Arcade City. The whitepaper for Arcade City for appeared online in October 2016. Swarm City allows people to communicate and transact in a decentralized way. Like other blockchain platforms, Swarm City has no middleman or trusted, centralized platform. It’s a P2P environment based on the Ethereum blockchain. One of the key features of Swarm City is the use of the Swarm City Token, or SWT. It’s the unique of exchange in Swarm City. All transactions on Swarm City are sent using SWT. Like other decentralized platforms built on Ethereum, Swarm City needs to use its own token to power he blockchain. Once you have SWT, you can use tokens for every exchange. Users can choose to see a transaction in dollars, Euros, or SWT. However, SWT is always the actual vehicle for the transaction. All transactions are recorded onto the public ledger using SWT. Swarm City has several features such as offers. Any user can publish a request for services or goods as an offer. Whether it’s ride-sharing or medical services, your offer can be posted to the Swarm City network. Besides, with Swarm City, funds are deposited into an escrow until the user releases the funds to the receiver. For every offer created, Swarm City automatically makes a smart contract. Both users deposit tokens into the smart contract as a guarantee for a successful transaction. In the event of a dispute, the user will not release the funds, and can start the process of resolving the dispute. There are also “guilds” that can resolve disputes based on their “Charter of the Guild”. Swarm City has a reputation system that works without the need to collect personal data. The platform makes a big deal out of the fact that it never has and never will collect or store personal data.
Read more in the whitepaper:
Swarm City Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
Swarm City is a part of the following ecosystems.
Swarm City Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Swarm City Safety Report
Swarm City has a safety score of 3.06
Swarm City is a nano cap token.
Swarm City is suited to a balanced investment style.
Swarm City Profile
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- project team
- tradingview profile
Swarm City Red Flags
There are currently no Swarm City red flags.
Swarm City Development Score
The Swarm City project has 61 active source code repositories.
The most recent commit was Sun, Jun 2, 2019 1:08 PM
- 301 Watchers
- 130 Stars
- 142 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- poor stars
- low watchers
- poor mentionable users
- no repo stars
Swarm City Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!The overall sentiment is very low indicating that this project is either not well-regarded in the community or simply no one is talking about Swarm City. In general as the popularity of a project grows and as main stream awareness grows this score will go up - though only if the news is good news!
- The overall sentiment is very low
Swarm City Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Swarm City?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Swarm City has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.
- extremely high gitHub account watchers
- average hashtag tweets
- very poor reddit articles
- no search result count
Swarm City Awareness Score
The awareness score indicates how well Swarm City is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Swarm City is but a good measure of longevity is how well the project is known by the general public.
Overall Swarm City this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- no search result total
- very poor news articles mentioning Swarm City
- no news articles directly about Swarm City
Swarm City Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Mature project age (released Mar 3, 2017)
Swarm City Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- no USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Swarm City Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
Some missing data points
This profile is still waiting for the following data points
- project team
- tradingview profile
Market Cap Rank:
Bulls v Bears:
Swarm City Reddit
Swarm City Github
Swarm City News
Victims of $30M Parity Wallet Hack Offer Attacker $60M BountyWed, Oct 20, 2021 5:05 PM
The victims of a 2017 hack - Aeternity, Edgeless, and Swarm City -have offered a bug bounty to...read more...
Macao Gaming Revenue Surges 492% in May as Holiday Tourists Swarm CityTue, Jun 1, 2021 12:06 PM
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Swarm City Reaches 24-Hour Trading Volume of $530.00 (SWT)Mon, May 24, 2021 1:48 AM
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Swarm City Price Reaches $0.0704 (SWT)Mon, May 17, 2021 1:46 AM
Swarm City (CURRENCY:SWT) traded 17.1% lower against the US dollar during the 24 hour period ending...read more...
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