SWAPP Protocol Staking

Swapp Protocol is simply the DeFi arm of HubioID, a leader and pioneer in the big data monetization industry.

SWAPP Protocol is a MultiChain smart Contract that has been launched on Ethereum (ERC-20) and Binance Smart Chain (BEP-20).

SWAPP is a decentralized, fairly launched, ETH and BNB paired utility token used to both facilitate yield farming rewards in the SWAPP DeFi ecosystem

Swapp is reinventing the data marketplace by cutting out the middlemen and allowing individual users to monetize their own data.

Swapp is a company that helps you get paid for your data. There are many people who use the internet every day, but they don’t get paid for it. Swapp helps these people. It uses blockchain technology to make data more safe and private. The company’s goal is to put power back into the hands of each individual person because that’s where it belongs.

Swapp is changing the way people earn money. People will get what they deserve for the data that they own, and there won’t be a middleman to take it. Swapp pays people in cryptocurrency and also gives them privacy when using their data.

To Stake SWAPP, go to the SWAPP Staking DAPP.

The SWAPP contract allows users to stake their SWAPP, locking it up for a period of days (weeks, months, or years), in order to earn interest. This is the primary function of the contract during the Circulation Epoch.

Users may open one stake at a time in each pool. After a stake reaches full maturity, the user may close it at any time to receive their full principal, plus interest, without penalty.

Unlike some other stakeable tokens, SWAPP never penalizes a mature stake, no matter how late it is eventually closed. This allows users much more flexibility, especially for taxable income purposes.

Staking SWAPP comes with a lockup period as defined, this longer-term staking pays interest in the form of rewards tokens (SWAPP) in two ways: standard rewards accumulating daily, plus annual “duration bonuses” paid after each 12 epochs (once per year) to reward longer-term stakers.

The “duration bonuses” increase each anniversary to further reward stakers who stay in the pool for 2, 3, 4, and 5 years.

Check out the Advanced Rewards Calculator to estimate your SWAPP Staking Rewards.

There are smart contract risks associated with staking transactions.

This project is still undergoing security assessments by CertiK. Conduct your own due diligence.

Users should also consider the lock-up periods as time risks that may limit their flexibility.