Hello, I am starting this topic although being a complex one, this is just to initiate a discussion and to hear potential ideas as to how we could achieve additional utility for retail to simply Hold and Use the Swarm token.
Imagine even only 10.000 holders choosing to hold 5000 SWM each due to some utility specifically aimed at them.
It could be a debit card along the lines of Crypto.com and-or something else.
That would be 50 millions (50%) of the supply off the market by by catering to just a few retail holders.
I think this is very important, almost essential to get retail involvement and acquire a long-term holding userbase, for reasons such as the examples below:
- Taking SWM off the market.
- Word of mouth marketing.
- Retail utility, adding an important layer to the project.
- Thickening the orderbooks to avoid price dumps when some random sell occurs.
- Allow the Market Development Fund to sell Swarm tokens and transfer some of them to ETH + BTC without crushing the price.
- Allow Masternode holders to dedicate a % of their earnings to add to the MDF, again without affecting the price when Swarm tokens need to be moved into ETH + BTC. I think the MDF should have SWM, ETH and BTC reserves, so it only makes sense to thicken up the orderbook by giving retail a reason to hold.
While we can discuss the MDF on different proposals, the above are some reasons why we should consider expanding a retail userbase with some strong idea.
The first two potential cases coming to mind to me are:
1- A debit card. Let’s take a look: https://crypto.com/en/cards.html - They have a banking partner to provide users with an IBAN and the physical cards. (Of course they are also listed on high-volume exchanges, some of the world’s top.)
We’d have to figure out something appropriate for our case.
2- Discounts on fees from trading STOs. For this we’d need to cut in exchanges in some way.
3- BONUS % when investing in an STO on the Swarm platform, with better % based upon how many tokens are held in a wallet and for how long time they have been held. Again this would require some cooperation from the STOs launching on Swarm, so I am unsure how it could be approached.
4- Developing a Swarm APP where some utility for the token could be thought over. Suggestions? What are the limitations here? Can the APP be used for directly trading utility tokens and STOs? Maybe not, as we aren’t opening an exchange.
What benefits could retail have to buy and deposit SWM tokens to our APP?
Ok. This is just to start, it doesn’t look easy but let’s discuss keeping in mind:
How do we get retail to HOLD and USE the Swarm token?
It would help if team members could chip in to let us understand the limitations, both technical and legal, for what we are discussing here please, still with the retail utility token in mind, since it is somehow our weak spot. Thank you very much.
(To keep this discussion fully private I’d be willing to move it to a private telegram group or similar. Opinions?)