New Swarm Asset Management Network interface will also allow for input on foundation-level decisions via voting module powered by SecureVote
PALO ALTO, Calif., March 13, 2018 (GLOBE NEWSWIRE) — Swarm (www.swarm.fund), the blockchain for private equity, today announced that the first major update to the Swarm Asset Management Network Alpha is now live. With this release, Swarm Fund token (SWM) wallets are now integrated with the Alpha Platform. In addition, SWM token holders can now start voting on foundation-level decisions via the Swarm Liquid Democracy Voting Module (LDVM), powered by SecureVote.
“We’re delighted to go live with this version of the Swarm Asset Management Network nearly a month ahead of schedule,” said Philipp Pieper, CEO and Co-Founder of Swarm. “Items like an integrated wallet and a dedicated governance module are crucial to further molding the Swarm product based on the community’s desires.”
The new voting module will initially be non-binding, designed to help Swarm token holders become familiar with how voting and governance works on the platform. Items on the ballot include a survey of which types of investment opportunities the community would like to see on Swarm. Voting is now live on vote.swarm.fund
“Swarm provides the perfect use case for blockchain-based voting,” said Max Kaye, SecureVote co-founder. “We are pleased to provide the vehicle through which Swarm’s users can help guide the governance of its platform.”
Other new features on the Swarm Asset Management Network Alpha include the integration of a ballot discussion module, a new claim process for airdropped SWM tokens, and a real-time optimized coin price integration based on input from multiple exchanges around the world.
Swarm makes traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the Swarm by pooling together smaller investments into larger, institutional-sized blocks. Swarm gives fund managers access to capital from a new class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. By leveraging Artificial Intelligence and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of funding built in.
About Swarm Fund
Swarm Fund is the blockchain for private equity. Swarm is creating a unique market infrastructure built on blockchain technology that enables investing cryptocurrency into real assets and deploying traditional capital into crypto markets in a new way. Swarm is built for: Crypto Investors who want to de-risk their portfolios, Family Offices looking for a more efficient way to invest into crypto and alternatives, and everyday retail investors searching for access to opportunities that were not accessible before. With a legal and regulatory framework compatible with institutional investors, automation to remove middle men, and prioritizing access for all, Swarm can streamline and help double the Private Equity industry from $2.5 trillion to $5T+ in the next five years.
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