There’s another hot new project that will be taking off on the Phemex Launchpad! This time, the featured project is the innovative move-to-earn platform Stepwatch and its native SWP token. You must be a Phemex user to participate, so if you aren’t yet then make sure to register for a Phemex account. The token sale for SWP will adhere to the standard Launchpad subscription format and we’ll start recording user USDT balances starting at 23:00 UTC on July 6, 2022 using the calculation method found here.
Phemex will record user USDT balances for 4 days from 23:00 UTC on July 6 to 23:00 UTC on July 10, 2022. The final USDT holding amount for each user will be set as the average across these 4 days.
SWP Token Sale Details
- Token Name: SWP – Stepwatch
- Type: Subscription
- Sale Price: 1 SWP = 0.05 USDT
- Tokens Offered: 1,000,000 SWP
- Single Initial Investment: 20 USDT
- Total Token Supply: 500,000,000 SWP
- Initial Circulating Supply: 2.45% of Total Token Supply
- Hard Cap Per User: 6,000 SWP (300 USDT)
- Token Sale Vesting Period: No lockup
- Token Type: Polygon
- USDT Holding Calculation Period – 23:00 UTC on July 6 to 23:00 UTC on July 10, 2022
- During this period, user USDT balances will be calculated in daily snapshots for each day over a 4-day period. Your final average daily USDT balance over these 4 days will determine the maximum amount of USDT that you can commit later.
- Subscription Period – 23:00 UTC on July 10 to 23:00 UTC on July 11, 2022
- Subscription will open at this time for all eligible users for a 24-hour period. Please note that once committed, your USDT will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
- Allocation Period – 23:00 UTC on July 11 to 1:00 UTC on July 12, 2022
- Subscription closes and token allocation calculation begins.
- Distribution Period – 1:00 UTC on July 12 to 5:00 UTC on July 12, 2022
- Your final token allocation will be calculated and the corresponding USDT will be deducted from your already-locked USDT amount. Once deducted, your SWP and USDT tokens will both be transferred to your spot wallet.
StepWatch is a WEB3 fitness and health tracking mobile application that incorporates NFT Move-To-Earn and social networking elements. It is a place where you can get rewards through walking, jogging and going to the gym. You need a free Watch to participate in the Platform, or you need to purchase an NFT watch first. Walking, running, and physical training can then enable you to obtain Cryptocurrency and other NFTs in the Platform and the items you earned can be used for in-platform activities or can be traded on the platform.
Further Information on SWP (Stepwatch):
- Website: stepwatch.io
- Whitepaper Link
- Pitch Deck
- Twitter: https://twitter.com/stepwatchglobal
- Discord : https://discord.com/invite/stepwatch
- Telegram Group: https://t.me/stepwatchglobal
- Medium: https://medium.com/@stepwatchglobal
Reminder: Users must complete KYC account verification to participate in this token sale, and must also be from an eligible region.
*Users from the following countries or regions will not be able to participate in token sales on the Phemex Launchpad: American Samoa, Belarus, China, Cuba, Democratic Republic of the Congo, Guam, Iran, Iraq, Northern Mariana Islands, North Korea, Puerto Rico, South Sudan, Sudan, Syria, United States of America (USA), United States Virgin Islands, Zimbabwe
Disclaimer: Cryptocurrency trading is subject to high market risk. Please do your own research prior to investing and note that Phemex is not responsible for trading losses.