About SwiftCash
SwiftCash is an open-source, self-funded system of decentralized governance and economy, born out of a desire to create a digital store of value and a peer-to-peer cryptocurrency for daily transactional use along with cheat-proof lotteries that can be played by anyone in the blockchain without any custodian or third-party service getting involved, as well as on-chain HODL/Term deposits. SwiftCash uses the Proof-of-Stake algorithm to reach consensus and allows up to 10% of maximum inflation to be spent on proposals that are embraced by enough stakeholders. Another 10% of maximum inflation goes directly to stakeholders who help secure the network aka Miners and Masternodes, and the rest of maximum inflation which is 80% can go to HODL/Term deposits; coins that are time locked in the blockchain between 1-12 months.
Trading Insights
Searched
101
Market Stats
Market Cap
£147.54K
1.81%
FDV
£2.59M
Circ. Supply
285M SWIFT
Max Supply
5B SWIFT
Total Supply
285M SWIFT
Diluted Valuation
£2.60M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£1.32K
-33.33%
Volume (7D)
£7.00K
Volume (30D)
£27.17K
All time high
£0.000751
Price Change (1Y)
57.29%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of SwiftCash has decreased by 0.02% in the last hour and increased by 1.55% in the past 24 hours. SwiftCash’s price has also fallen by 7.02% in the past week. The current price is £0.000518 per SWIFT with a 24-hour trading volume of £1.32K. Currently, SwiftCash is valued at 31.00% below its all time high of £0.000751. This all-time high was the highest price paid for SwiftCash since its launch.
The current circulating supply of SwiftCash is 284,721,919.776 SWIFT which means that SwiftCash has as total market cap of £147,539.47.
Market details
SWIFT vs markets
↘ 3.58%
SWIFT vs BTC
↘ 15.15%
SWIFT vs ETH
↗ 58.88%
Tags
mineable
collectibles-nfts
masternodes
Network & Addresses
Network | Address | |
---|---|---|
BNB Smart Chain | 0x99945f484EBc48F5307cC00cF8dCF8d6D3d4B017 |
Price history
Time | Price | Change |
---|---|---|
Today | £0.000518 | ↗ 1.55% |
1 Day | £0.000511 | ↗ 1.55% |
1 Week | £0.000552 | ↘ 7.02% |
1 Month | £0.000550 | ↘ 5.68% |
1 Year | £0.000342 | ↗ 57.29% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
SwiftCash is a peer-to-peer cryptocurrency with a decentralized governance system based on masternodes, allowing for fast payments. Masternodes are an essential component of many cryptocurrencies. They serve as trust anchors, verifying transactions and delivering assistance. SwiftCash allows its users to participate in and win cheat-proof lotteries that run entirely on the blockchain. Lottery tickets are available for as little as 0.01 SWIFT, with 15 percent of the proceeds going to the network's miners and masternodes.
Swiftcash's long-term deposits known as HODL deposits are comparable to term deposits in traditional banking systems, and they can mine up to 80 percent of the maximum block rewards. Unlike conventional term deposits, HODL deposits are not loaned to any centralized authority or individual rather locked in the blockchain and rendered unspendable for one to twelve months.
According to its whitepaper, SwiftCash employs the Proof-of-stake algorithm. The Proof-of-Stake algorithm addresses the issue of Bitcoin's and other Proof-of-Work cryptocurrencies' rapid increase in energy consumption. Due to the apparent electricity consumed by the mining hardware, Proof-of-Work mining is unsustainable and doubles the spend by gaining 51 percent of the network's hash power. SwitchCash makes use of the green protocol, an energy-efficient Proof-of-Stake method that can be mined on any computer without the need for mining equipment. The green protocol presents a straightforward solution to the sustainability challenges that Bitcoin and other Proof-of-Work cryptocurrencies provide and a faster, more flexible blockchain.