AMA Recap: Swash meets Titans Ventures
The start of the week came with a new AMA between Swash and the Titans Ventures community over on Telegram.
This Monday, Swash’s CMO joined Vietnam’s top blockchain startup incubator to explore how Swash fits into the crypto arena and targets the data economy with a decentralised approach.
Titans Ventures has supported leading DeFi organisations as Boson Protocol, a key partner of Swash with an aligned vision for the new age of data.
Naturally, the Swash and Titans communities have similar interests, and the AMA reflected that enthusiasm, with an overwhelming number of questions ranging from Swash’s technology to its crypto incentive systems.
Follow the entire chat with Titans Ventures.
Firstly, please make a brief overview of your team and some prominent features of Swash.
I’m proud to be working with one of the most skilled and diverse teams in the blockchain space, all with strong backgrounds in software dev, cybersecurity, and blockchain. The team have been working together for over a decade across various industries including enterprise, research, application security, media & advertising, to name a few. We’re lucky to count our advisors as part of the team too. We work closely with them and many of them are founders in the space already so they know what works. Others are coming more from a data privacy and even a data buyer perspective, so we’ve got all angles covered.
Swash is a movement for reimagining data ownership. It's an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
Swash’s live product already has over 60K users! It takes just a few minutes to install and is available on all major browsers. Swash allows for people to capture, pool, and sell their data while receiving their share of the profits it generates, while they surf the web as normal.
Please share with us the mission and vision of Swash in the near future.
Swash’s mission is to create a fair data economy by giving profits back to people. It’s a movement for reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data.
We're getting closer to this vision by launching the First Wave Solutions as part of the Swash ecosystem:
Could you update us on some of the ongoing events at Swash that can delight most of our community members?
Sure! We have different events happening, including AMAs, interviews, podcasts, panels, and other kinds of features. The best way to follow and be up-to-date is by following our social channels but also by joining the Swash mailing list!
Swash promises truly passive income. But how do I opt-in to be part of this performance model? In terms of the percentage of assets generated, how much can an average user earn? Is it necessary to be a $Swash holder to be able to have these benefits?
You can opt-in by installing the browser app, then, when the new products and services have been built, you can choose to opt-in to them to receive even more value back.
The price of data is difficult to answer, as the industry is notoriously shady. As Swash grows, we hope to shine light on that. Regarding what people can expect to earn, there has been research on it: Some estimate $5-10 per month, others estimate $200, some say $2000, and another says up to $24K per year! The data industry is vast and the EU Commission pegs it at around $3 trillion dollars!
If you use Swash, you'll receive $SWASH tokens and will be able to benefit, so it's very easy 😊 It takes only a few minutes to install the app, and we prioritise being as user-friendly as possible.
As far as I know, strong backers and partners in the crypto market might bring such huge value to new projects. During this point, can you reveal some of the investors and partners of Swash? Are you going to establish more strategic partnerships in the future?
We work with some of the best minds in the space. Our partnerships include Chainlink, Streamr, Ocean Protocol, Outlier Ventures, Boson Protocol, Amasa, 1 World Online, Tapmydata, Crunch Digital Media, and the DPPA. The world of decentralised data is an incredible, collaborative space to be! We’ve been working with some of them for several years already. You can read all about them and the work we do with them here.
Swash token built for both BEP-20 and ERC-677. It is rare to see tokens that have ERC-677 support because others mostly use ERC-20. Why did Swash opt to deploy its Ethereum Network support under the ERC-677 interface? What could be its advantages against the commonly used ERC-20?
The reason we chose ERC677 instead of the ERC20 is because the ERC20 standard isn’t well designed for cases where a contract wants to execute actions after receiving an ERC20 token. ERC677 has all the benefits of ERC20 while addressing its limitations (e.g. executing actions after receiving an ERC20 token).
It is more advanced and allows for more functionality which is why it's also used by the likes of Chainlink. It’s fully compatible with all the ERC20 and mainnet infrastructure and tools while offering a better UX experience and lower costs!
What are some highlights of Swash technologies that help it compete with other blockchain infrastructures? How can you combine all the concepts of technological revolution to apply them in the real world, thus enabling users to cultivate new realities of data ownership & value creation?
Sure, so some of the ways we're doing this include:
Also, the ecosystem is fuelled by the $SWASH token. It will be a cross-chain utility and governance token with multiple uses within the ecosystem, including:
I noticed that your project is very active in holding giveaway and airdrop events for the community. My question is, apart from airdrops and giveaways, what other marketing strategies have you implemented to increase community awareness of the potential that your project brings?
The main marketing for Swash so far has been through a referral program (which was very successful, we expanded from 5000 to 50,000 in a few months!). We will be sharing some giveaways and a new type of referral system soon, so watch this space.
We also work alongside some of the best names in web 3, including Chainlink, Streamr, Ocean Protocol, Outlier Ventures, Boson Protocol, Amasa, 1 World Online, Tapmydata, Crunch Digital Media, and the DPPA. The world of decentralised data is an incredible, collaborative space to be and that has really helped to push Swash to the forefront of this space. You can read more about our partnerships here.
Swash has already caught the eye of major media publications, including Harvard Business Review, Forbes, CoinDesk (this feature just went live), and Cointelegraph, to name a few. Also, Mozilla Foundation, Aapti Institute, and the ODI have included Swash in their research as a pioneering example of an alternative data institution.
Moving forward, the Swash mailing list will be a key area where people can get the latest news on the project and our IDO. You can also follow our updates on Twitter and Telegram. We share regular blogs and Spotlight Series videos to showcase our partners and advisors. Here’s a recent one with Bruce Pon, Founder of Ocean Protocol. Swash swag is coming soon too.
Swash offers an excellent service for monetizing the users’ data, however I would like to know about the privacy measures and regulation of the data in question. Do you use any encryption method? How do you ensure that it will not be leaked or stolen from external parties?
That’s a very important topic and something we highly value at Swash. Firstly, Swash doesn’t collect anything sensitive! You’ll be asked to verify your email while installing the browser app (so we know you’re not a bot 🤖), but that won’t be used for anything else. (Although, if you do want to receive our email newsletter and be the first to receive our updates, you can sign up here!).
Also, all data is anonymised and end-to-end encrypted before being added to the Data Union and Swash has completed a Data Protection Impact Assessment (DPIA) for the Information Commissioner’s Office here in the UK.
Can you list a few of the great features of the project that put Swash ahead of the competition? What is the competitive advantage your platform has that you feel most confident in?
What are the main targeting countries of SWASH and what are the main problems you are resolving?
We haven't specifically targeted one country because everyone can benefit from Swash, but we have attracted a lot of users from Europe mainly because the majority of the team and partners are based here.
The problems Swash solves for each ecosystem actor is:
Is there any plan in place for #Swash to attract non-crypto investors? It is critical to a project's success to attract non-crypto investors. What ambitions do you have to raise awareness of non-crypto space?
Great question. Swash is designed in a way where people don’t necessarily need to understand crypto, blockchain, or the world of data to be able to start earning, so even less tech-savvy people can get involved and, if they like, automatically donate to their chosen social goods org. Increased size and improved diversity within Swash data makes it more valuable, returning even more value back to Swash members!
One way we'll be doing this is with a donations feature, so people can automatically donate the value of their earnings to their favourite social goods organisations. This is a great way to get Swash to new audiences without them needing to understand crypto first!
What is the tokenomics of the #Swash project? How can I buy a $SWASH token?
Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in a sustainable and compliant way. Developers set up and build systems within a collaborative development framework with ease.
Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data. Stay tuned for the latest updates on the IDO.