The internet has become a target for hackers who want to steal personal data or take down websites. What is the purpose of SWG?
What Is the Purpose of SWG?
SWG is a blockchain-based social media platform that is designed to harness the power of users. It gives them the tools to monetize their content. Also, it is a self-governing platform that rewards users directly with SWG tokens.
SWG has the potential to change the way people use social media. Since it gives users control over their content and rewards them for their efforts.
How Secure Is Your Network?
Very secure. SWG uses smart contracts on the Ethereum network. It makes it impossible to modify information or data on the network. The system is decentralized, so no single entity can control it.
SWG is currently in its third version and is being tested with a small group of users before it goes live. Also, SWG is an entirely new social media platform that is currently in its third version. It is a self-governing platform that allows users to control their content and rewards them for their efforts.
SWG uses smart contracts on the Ethereum network, making it impossible to modify content on the network. It is decentralized, so no single entity controls it. This means the information on the network can’t be tampered with and is always accurate.
The SWG Smart Media Token (SWG SMT) is an ERC20 utility token. It will be used to reward users for their content and to incentivize advertisers to pay for ads. Also, It will be used by third-party developers to create and run applications on the SWG platform.
SWG Versions
It creates a decentralized ecosystem of apps, games, and businesses all running on SWG. The first version of SWG will focus on social media. But it will expand into other industries in future versions as the platform grows.
Two versions of SWG are already live Supereum and Emanate. These versions are testing grounds for features that will eventually be implemented on the main version of SWG. Also, this is when it goes live sometime in 2019.
SWG has a built-in system of governance based on voting. Users can vote or purchase tokens to increase the weight of their vote. It lets them take part in decision-making regarding changes to the network.
Summary
SWG is being developed by Emanate Labs Inc., a Canadian blockchain project development company. This is founded by music industry veterans who have experience working with major companies. These are Universal Music Group, Warner Music Group, Sony Music Entertainment, Viacom International Inc., and Spotify AB.
Emanate Labs held an ICO in Q1 2018 that raised USD 2 million to fund the development of Emanate and future blockchain projects. It is currently listed on IDEX, EtherDelta, and HitBTC exchanges with plans to list on others in future months. SWG has a built-in system of governance based on voting.
Users can vote or purchase tokens to increase the weight of their vote. It lets them take part in decision-making regarding changes to the network. Testing for Versions 3 and 4 is currently taking place with plans to go live sometime in 2019.