What Is Swap TC (SWAPTC)? Complete Guide & Review About Swap TC

What Is Swap TC (SWAPTC)?

Swap TC Overview A unique smart contract that rewards long-term holders on an individual basis as opposed to global taxation models. The core team takes pride in developing safe and trusted utilities that bring crypto users ease of use in an efficient and timely manner. The main focus is to release a one-stop shop all-in-one crypto platform that will not only revolutionize the industry but will also drastically increase the average person’s purchasing power directly with digital currency. Holders who hold at least 250 million of $SWAPTC will be eligible to receive BNB redistribution. The amount received will depend on the volume and the number of tokens held in the wallet.

The Mission

The mission is to empower users with the metrics they need in order to make informed investment decisions. Investment in projects without charts and data is tantamount to gambling.

Vision

The system is holistic, we’re focused on the bigger vision and the bigger vision rewards the masses as opposed to the traders. We’re planning for new users of cryptocurrency to embark on a journey with easy-to-use tools.

DAO

The DAO and corporation will work side-by-side with overlapping and complementing arcs of responsibility in order to create a cooperative governance structure and ultimately a win-win.

Metrics Access

At Swap TC, they believe in putting the user first, this means that the user is not the product. We will never profiteer off holders and will never charge for data or metrics access.

Individual-Based Tax System

Swap TC is the first crypto token to develop a system that rewards long-term holders on an individual basis as opposed to global taxation models. The tax system that has been formulated was inspired by the Center of Mass Formula used in Physics.

Reflections BNB (BEP20)

All token holders will receive BNB (BEP20) redistribution automatically based on volume and the amount of $SWAPTC they’re holding. The minimum number of tokens held required to receive reflections is 250 million. Keep track of global and individual reflections with our reflection tracker. Users will have the option to connect their wallets or manually input their public wallet address to view their reflection rates.

Additionally, users will be able to see what tax bracket they currently reside in. This utility is simple but critical due to our unique individual-based tax system which will be further explained below.

Tokenomics Breakdown

They are the first to eliminate global taxation in a crypto token. The individual-based tax system recognizes the time of purchase and transfers made by a wallet. Once the wallet receives $SWAPTC is when the timestamp recognition begins. Users will have to hold their investment for 19 weeks to get to the lowest tax bracket. If a user decides to purchase more $SWAPTC after holding their investment for an ‘X’ amount of weeks, it will average out between week zero and the week they were currently in. This in effect helps minimize large price swings and fuels stability

Important Things To Know

Transfer Tokens

If a user transfers tokens to a different wallet the individual tax system will reset back to week zero. The smart contract must recognize a timestamp for each wallet to implement the tax rate. It will recognize the new wallet’s timestamp.

Transaction Fails

When purchasing your tokens make sure to have the right slippage selected (12%). The tax rate can influence your slippage and might cause the transaction to fail due to the slippage being too low.

Automatic Burn

The smart contract has been implemented to auto-burn every transaction. The highest auto burns will be made on sell and transfer transactions due to the low buy tax rate of 5%.

Anti-Whale System

If a whale decides to swing trade $SWAPTC and then buy back in, they will have a new tax rate automatically set due to our timestamp recognition function. We don’t think it’s fair for people who hold the token to share the same tax rate as traders.

Tax Bracket

The reflections tracker has a function for users to input their wallet address to see what week they’re currently in.

Refer to table chart to see what tax bracket will fall into each week.

Long-Term Holders

Since holders are rewarded in three ways, reflections, governance, and platform functionality, we feel this setup can only be supported naturally by a token with stability.

Individual-Based Tax System

Swap TC is the first crypto token to develop a system that rewards long-term holders on an individual basis. There’s a 5% purchase fee for $SWAPTC which means slippage can be set from 10% to 12%. Swap TC’s smart contract has an option to lower the buy tax rate temporarily for special occasions and promotional events.

BUY

There’s a 5% buy-in fee for $SWAPTC.
Holders: 2.5%
Burn: 1.5%
LP: 1%

SELL

Sell fees start at 30% and it gradually goes down a percentage once a week until it reaches 10%.

TRANSFER

Transferring $SWAPTC to a new wallet will reset the tax rate timeline. It falls under the same tax rate as the sell fees.

SLIPPAGE

The slippage will vary according to what tax rate your wallet is at. (49%-12%)

BNB (BEP20) Redistribution Amongst Holders

The main focus is to release a one-stop shop all-in-one crypto platform that will not only revolutionize the industry but will also drastically increase the average person’s purchasing power directly with digital currency.

Holders who hold at least 250 million of $SWAPTC will be eligible to receive BNB redistribution. The amount received will depend on the volume and the number of tokens held in the wallet.

They plan to lower and dynamically adjust the minimum required tokens for reflections to maintain a consistently affordable entry/benefit balance point.