Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets.(https://www.bloomberg.com/news/articles/2017-10-23/ex-hsbc-currency-trader-is-convicted-of-fraud-for-front-running)
He was convicted on Monday on nine of 10 fraud and conspiracy counts after a month-long trial in Brooklyn, New York.
On the 10th of April 2018 we had closed our pre-sale with an investor base of 109 and a price of USD 0.0000833 Today the user base is 69538 and last traded price is USD 0.000228submitted by SWTCoin to u/SWTCoin [link] [comments]
User base has increased by 637.96 times and price has increased by 2.73 times. Circulation has increased from 150 million to 159 million and this increase is mostly by way of bounties, airdrops and bonuses.
Generally when the user base increases drastically through airdrops the price tends to drop since those who have received the airdrops wish to sell and book profit immediately as has been the case with several bitcoin forks that are dead projects now because of this tendency.
But in SWAT Coin's case we can see huge increase in buying rather than selling. You can not blame the investors who bought at SWAT at USD 100 in April if they wish to sell at USD 273 now at 2.73 times the original price in just 80 days after their original purchase. It is indeed tempting to book profits with a 273% profit in just a short span of 80 days! These kind of returns are not seen in any market, be it the forex market, stock market, precious metals, commodities or even in the highly speculative crypto currency market.
In March 2018 when the SWAT coin project was at its inception stage Bitcoin was at around USD 12000. Today it is at around 6000 USD! XRP was at 3 USD in Jan and there were hundreds of predictions that its next price target was 5 USD in the short term! Today it is around 0.45 USD which is almost a 90% drop from its peak! Similar predictions for ETH were doing the rounds in Jan when ETH was trading at around USD 1350 and today it is at one third the value, at around 450 USD!
The reason that I quote these examples is mainly to establish the fact that in spite of the huge amount of fear and uncertainty in the market our project has given this kind of a positive return! It is true that our project has had a humble beginning but we have never missed a deadline till now! We have a fully functional block chain up and running in the shortest possible time and a stable Windows GUI Wallet released before the scheduled deadline.
Our investor community is wise and intelligent and all investors have chosen to back the project based on the analysis and understanding of its long-term viability and sure-shot profitability. So within 80 days due to the launch of our block chain the project has given a return of 273% with limited exposure. Now with a huge exposure to so many new investors in the next 3 months after the launch of Pocket Miners a realistic estimate should be at least a 5 to 10 times return from the current levels!
Most importantly our project is backed by the tremendous potential offered by our Pocket Miners which is unique to our project scheduled to be launched in October 2018. Neither BTC nor ETH or for that matter XRP has any plan to launch any thing remotely close to this! Nor are they able to say confidently that this particular product will be released in October 2018 and the profit from the sales of the product will be invested back in to the development and growth of their coins! But we can say that confidently! This is where we stand apart from the rest!
Does being listed in multiple exchanges have an effect on the price? For normal coins these kind of listings with artificial buy walls to prop up the price might be needed to gain the confidence of the investors. But our project assuming that even though we are is listed only on WAVES DEx, and even after October we decide to remain this way, we can be sure of price growth and stability irrespective of number of exchanges we are listed in!
Finally many central governments decide arbitrarily to ban crypto currencies as and when they please and this is a threat faced by the entire spectrum of crypto currencies, right from the biggest to the smallest! But we are immune to this!
In the case of a cryto ban, Pocket Miners will be positioned as a device to mine Ad Revenue, with inbuilt gaming apps to solve POW mathematical puzzles using the gaming power of the device (processing power) which rewards the user with tokens that can be exchanged for USD, paid to the individual users to their PayPal accounts. SWAT already held by investors will be converted to shares held in the Demat format in their secure share holding wallet and dividends will be given every quarter and this will be electronically delivered to share holders to their secure share holding wallet! This strategy is not available for any other crypto currency as of now!
Every or any which way we see it, our project is a clear winner! We will be steady in our approach to delivering returns to our investors! We will never deviate from this focus ever!
For those who have not read about the example I had mentioned about earlier regarding the rewards of being focused read this post...
Since we have talked about gaming and processing power of our Pocket Miners I wanted to share a screen shot of the indicative Octa Core Processor being planned of our Pocket Miner which I had not mentioned in my earlier post.
64 Bit Octa Core Processor
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