Clout.art’s SWAY token launches on Gate.io

Clout.art’s SWAY token launches on Gate.io

[PRESS RELEASE TUESDAY 8TH OCTOBER 2021]

Clout.art's SWAY token was accepted for trading on the Gate.io exchange on October 7, 2021 at 8:00 p.m. (UTC+8).

After the Token Generation Event (TGE), Clout.art’s SWAY token was allocated to all seed and private participants before being listed on leading exchanges such as Gate.io and QuickSwap. SWAY was available for buying, selling and full trading on Gate.io starting October 7, 2021 at 8:00 p.m. (UTC+8).

The TGE will create 100 million SWAY tokens, with an additional 100 million distributed as an incentive to launch the platform. 10% of the 200 million SWAY will go to future airdrops, 17% to seed and private investors, 50% to platform incentives and 9% to liquidity and reserves. The remaining 14% is divided between the founding team, partners and marketing funds.

Gate.io held a startup sale 24 hours before the main offering. It started on Wednesday. October 6, 2021 at 5:00 p.m. (UTC+8). The initial price offer for the SWAY tokens in the startup sale was set at $0.07 and the sales target was set at $50,000. This event gave enthusiastic investors the chance to develop early on a revolutionary social protocol that turns your “social capital” into an asset class. All details about the startup sale can be found here on the Gate.io website.

In a statement about the SWAY listing on Gate.io, Clout.art founder Jure Zih commented:

"We are excited that Gate.io has decided to list SWAY. Social capital is a new asset class, and Gate.io has given the crypto community a gateway to unlocking its value. Now all eyes are on SWAY listing on October 7th!"

SWAY token holders can stake their tokens with their favorite creators in their creator pools. The staker is rewarded with a percentage of profits every time the creator sells an NFT on the Clout.art platform. This is the beginning of a new era where staking is the new following. Creators and their fans will be able to earn and grow together while reducing their dependence on centralized social media platforms. Other use cases for the SWAY token include governance voting, platform incentives, and minting tools.

About Clout.art

Clout.art turns your most valuable content, like your most successful Instagram posts, into unique NFTs. Your content becomes part of a valuable collection of assets and a source of income.

About Gate.io

Gate.io was created to give a new generation of global traders the tools to enter the revolutionary age of cryptocurrencies. Gate.io was founded in late 2017 and is now a top 10 crypto exchange by real volume.