[PRESS RELEASE TUEDAY 8 OCTOBER 2021]
The SWAY token of Clout.art was available for trade on Gate.io starting at 20:00 hrs (UTC+8) October 7, 2021.
After the token generation event (TGE), Clout.art allocated its SWAY token to all seed and private participants. The token will then be listed on major exchanges such as Gate.io or QuickSwap. SWAY was available on Gate.io for full trading starting at 20:00 hrs (UTC+8) October 7, 2021.
100 million SWAY tokens will be created by the TGE, and another 100 million will be distributed to platform adopters as incentives. 10% of the 200,000,000 SWAY will be used for future airdrops, 17% to seed and private investors and 50% to platform incentives. The remaining 9% will be used to liquidity and reserve. The remaining 14% will split between partners, the founding team and marketing funds.
Gate.io had a startup sale just 24 hours before the main listing. It began on Wednesday. October 6, 2021 at 17:00 (UTC+8) The startup sale’s initial price for SWAY tokens has been set to $0.07, with a target of $50,000. Investors who are interested in the revolutionary social protocol can now become early adopters. It turns your “social capital” into an asset class. The Gate.io website has all details about the startup sale.
Jure Zih, Clout.art founder, commented on SWAY’s listing at Gate.io:
We are thrilled that Gate.io decided to list SWAY. Gate.io has opened the door to social capital, a new asset type. All eyes now turn to SWAY’s October 7th listing!
SWAY token holders can stake their tokens with their favourite creators within their creator pools. Every time a Clout.art creator sells an NFT, the staker will receive a portion of the earnings. This is the start of a new era in which staking is the new way to earn. Creators and fans can work together and earn while decreasing their dependence on central social media platforms. The SWAY token can also be used for platform incentives, governance voting, and minting utility.
Clout.art transforms your most valuable content (such as your most popular Instagram posts) into unique NFTs. Your content is part of a valuable asset collection and can be used as a source for income.
Gate.io was founded to provide a new generation global trader with the tools to tap into the revolutionary age cryptocurrency. It was launched in 2017 and is currently a top 10 crypto exchange according to real volume.
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