Swarm City (SWT)

Swarm City is a decentralized commerce platform built on Ethereum blockchain technology. It is the first platform to enable peer-to-peer (P2P) commerce without middlemen or third-parties. This open source platform runs on Ethereum smart contracts, and by using the SWT token, users can transact with each other securely and anonymously. Swarm City was founded by Scott Davis and Matthew Schutte and the team of core developers in 2016. It seeks to create a place where people can conduct transactions and other financial activities without interference from any centralized authority. Swarm City has some unique distinguishing features which makes it stand out from the crowd. Firstly, it offers a Trustless Escrow which allows users to interact, negotiate, and transact with each other without the need of a third party to ensure trust and security. This system is powered by a custom blockchain set-up with Ethereum, with custom smart contracts that enable private, instant, and safe transactions. In addition, Swarm City features a decentralized reputation system which uses ratings and reviews in order to promote good behavior and eliminate any potential fraud. It also has the ability to tokenize services, enabling users to pay for services or items in SWT tokens, which acts as an alternative to fiat payments. In terms of its usage, Swarm City is used as an online marketplace for goods and services similar to eBay or Amazon. It has also been used to facilitate payments for ridesharing services such as Uber and Lyft, as well as for online advertising. It has also been used by merchants as a point of sale platform for quick payment processing. Swarm City tokens can be bought and sold on numerous cryptocurrency exchanges, including Bittrex, Upbit, Changelly and HitBTC. In conclusion, Swarm City is a revolutionary blockchain-based platform for peer-to-peer commerce, allowing users to conduct their business trustlessly and securely. It makes use of its own custom blockchain with Ethereum smart contracts and its own digital token, SWT, as a digital currency for transactions. Despite being relatively new, Swarm City is gaining traction and increasing in popularity due to its innovative features, making it a potential game-changer in the digital economy.