GateLive AMA Recap-SmartWorld Global Token

2024-08-16, 08:59

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![](https://gimg2.gateimg.com/image/article/1723798694swgt.png)
## Q1. What is SWGT? Can you share more details with us? How is it different from other crypto projects/tokens?

SmartWorld Global Token (SWGT) is your personal key to the blockchain-based products ecosystem. Developed by SWG Global Ltd, SWGT powers an ecosystem that’s reimagining how we handle work and logistics through blockchain technology.
Here’s what sets SWGT apart:

For Life: This project uses blockchain to shake up the transportation and logistics industries. It’s about making these systems more efficient, transparent, and reliable. Think of it as streamlining the way goods move around the world, with the help of cutting-edge tech.

For Work: Imagine a marketplace where freelancers connect with clients without worrying about hefty fees. That’s what "For Work" delivers—a zero-commission, decentralized platform that levels the playing field and opens up more opportunities for everyone.

What sets SWGT apart is its deep connection to these tangible, real-world applications. While many cryptocurrencies focus solely on speculative value or a single-use case, SWGT is embedded in a broader vision of creating practical, decentralized solutions that can significantly disrupt and improve existing systems. Additionally, the zero-commission model of "For Work" represents a radical shift in how digital marketplaces operate, potentially setting a new standard for fairness and accessibility in the global economy. SWGT is all about practical impact, making it a unique player in the crypto space.

## Q2. What triggers you to launch SWGT on Gate.io? What are some of the real-world problems/ pain points that SWGT aims to solve?

The decision to launch SWGT on Gate.io is more than just a strategic move—it’s about making SWGT accessible to the global community of crypto enthusiasts. By partnering with Gate.io, we’re tapping into a platform known for its advanced trading tools and user-friendly experience. This isn’t just about reaching more people; it’s about ensuring that anyone who wants to engage with SWGT can do so easily and confidently, with the liquidity and security they expect from a top-tier exchange.

At its core, SWGT is designed to tackle real-world challenges in two major areas: transportation and logistics, as well as the decentralized work marketplace. In the world of transportation, we’re using blockchain to bring more transparency and efficiency to infrastructure projects—ensuring that every mile built and every delivery made is accounted for in a secure and open way.

But what really excites us is how SWGT is changing the game for freelancers. We know the pain points—high fees, long payment waits, and the frustration of unfair disputes. That’s why SWGT eliminates commission fees, guarantees instant payments, and provides a fair system for conflict resolution. It’s about giving power back to the people who make the gig economy thrive, ensuring they get what they deserve without the usual headaches.

We’re excited to see where this journey takes us and how SWGT can make a real difference in people's lives.

## Q3. What role does the $SWGT token play within your ecosystem, and how does it enhance the functionality of both the transportation systems and the freelance marketplace? Please also tell us more about the tokenomics!

The $SWGT token is at the heart of our ecosystem, playing a vital role in connecting and enhancing our various products and services. It’s the backbone of transactions, a tool for incentivizing user engagement, and a key component in our governance model, giving the community a voice in the future of the SmartWorld ecosystem.

Our tokenomics are carefully crafted to ensure long-term sustainability and growth. With a fixed supply, staking rewards, and strategic lockup mechanisms, we’re focused on minimizing inflation while maximizing value for our token holders. These measures are designed to encourage broader adoption of our innovative solutions, benefiting both the transportation systems and the freelance marketplace within our ecosystem.

Regarding the lock-up conditions, like many other crypto projects, we’ve implemented structured lock-up periods for tokens distributed during the Private round. Specifically, there’s a 2-month cliff, after which 20% of the tokens will be released in the third month, followed by 30% in the ninth month, and then 10% every three months until the 24th month.

Our team is committed to the project’s success, and to show our dedication, our tokens have one of the longest lock-up periods—10 months. None of us, myself included, will be able to sell any tokens during this time, ensuring that our interests are fully aligned with the community and the long-term vision of the project!

## Q4. How does the zero-commission decentralized marketplace for freelancers work, and what advantages does it offer compared to traditional freelance platforms?

The SWGT platform is about to change the game for freelancers. Imagine working without losing a chunk of your earnings to fees—sounds good, right? That’s exactly what this zero-commission marketplace offers. This platform is powered by blockchain and smart contracts and is all about fairness and freedom!

Freelancers and clients interact directly, with every deal secured and transparent, thanks to blockchain. Payments are made instantly with SWGT tokens, so you don’t have to wait weeks to get paid! Plus, smart contracts ensure you’re only paid when the job is done right, making the whole process smoother and more secure.

But it’s not just about saving money. This platform is global and accessible, breaking down barriers that usually come with traditional platforms. It’s a fairer, faster, and more transparent way to work. In short, SWGT redefines freelancing, giving you more control and better opportunities. This is the future of work, and it’s happening now.

## Q5. What are the key milestones on your roadmap for the next several months, and how do you plan to drive the adoption of the SWGT platform across its target industries?

Our decentralized freelance marketplace is our top priority right now, and we’re putting our full effort into bringing it to life. We’ve got a dedicated team of 11 professionals working tirelessly on the MVP, providing daily updates on their progress. I’m excited to share that we’ve already got the architecture, backend, and part of the frontend in place! Our current focus is on the payment system for customers and contractors, which is as complex as creating an entirely new system for money transfers, top-ups, and withdrawals. Think of it as building a crypto wallet from the ground up, complete with all the standard features.

If you participated in our pre-sale and purchased $SWGT through our investor portal, you know how seriously we take this. We’re committed to delivering a top-tier product that both freelancers and customers will widely adopt.

We’re aiming to launch the marketplace in Q4 of 2024, which means now is a great time to purchase $SWGT while the price is still relatively low. By the end of year, we plan to have the Marketplace live and to see $SWGT listed on over six Tier-1 exchanges—a major milestone for us!

In the near future, we’ll be unveiling a full-fledged demo of our marketplace, showcasing the innovative features and functionalities of $SWGT. This demo will give you a detailed look at how our platform works and the benefits it brings. So, make sure to turn on your notifications and stay tuned!

<div class="blog-details-info">
<div>Author:** GateLive**, Gate.io Team
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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