GameSwift

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Discover GameSwift's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is GameSwift?

GameSwift (GSWIFT) is a community-driven token powering a Web3 gaming ecosystem and Modular chain. It has multiple utilities, creating a constant demand, and serves as an essential ecosystem component. The token is designed to support the web3 industry by developing innovative blockchain solutions, aiming to drive mass adoption of web3 through gaming.

How is GameSwift used?

GameSwift (GSWIFT) is the native currency, utility, and governance token of the GameSwift ecosystem. It serves several key purposes within the platform:

  1. Native Currency: GSWIFT is used for transaction fees, validation, and payments on the GameSwift Layer 1 blockchain and zkEVM roll-ups.

  2. Utility Token: It is essential for key functionalities within the ecosystem, such as facilitating transactions and validating operations.

  3. Governance Token: GSWIFT holders have a say in the decision-making process, allowing them to participate in the governance of the platform.

Additionally, GSWIFT accrues real yield generated by the GameSwift Platform from multiple revenue streams, making it a crucial asset in the ecosystem.

How do I store GameSwift?

To store GameSwift (GSWIFT) tokens, you have several options:

  1. Exchange Storage: You can store your GSWIFT tokens on a centralized exchange (CEX) like KuCoin. This method provides convenient access to various investment products and features, such as spot and futures trading, staking, and lending. However, ensure the exchange has strict security measures in place to protect your assets.

  2. Non-Custodial Wallets: For enhanced security, you can withdraw your GSWIFT tokens to a non-custodial or self-custodial wallet. This option grants you complete control over your private keys and can be done using hardware wallets, Web3 wallets, or paper wallets. Note that this method may be less convenient if you plan to trade your GSWIFT tokens frequently.

  3. GameSwift Wallet: The GameSwift platform offers a built-in wallet that allows you to securely store your GSWIFT tokens, along with other Web3 assets and NFTs earned in-game.

  1. Third-Party Wallets: You can also use third-party wallets like the GameSwift Wallet by MyEtherWallet, which provides an intuitive interface for storing, trading, sending, and receiving GSWIFT tokens.

How to buy GameSwift?

To buy GameSwift (GSWIFT) tokens, follow these steps:

  1. Create an Account on a Centralized Exchange:

    • Choose a reliable centralized exchange such as Bybit, MEXC, or Bitget.
    • Register by providing necessary information, including your email address and a secure password.
    • Complete any identity verification steps required by the exchange.
  2. Fund Your Account:

    • Deposit funds into your exchange account using methods like credit/debit cards, bank deposits, or peer-to-peer trading.
  3. Buy GSWIFT:

  • Navigate to the Buy & Sell section of the exchange.
  • Select GameSwift (GSWIFT) as the cryptocurrency you want to buy.
  • Choose your preferred order type, such as Market Order, Stop Order, or Limit Order.
  1. Transfer GSWIFT to Your Wallet (Optional):
    • If you want to hold your GSWIFT tokens in a personal wallet, transfer them from the exchange to your wallet, such as Metamask or Trust Wallet.

Alternatively, you can also buy GSWIFT through a decentralized exchange (DEX) by connecting your wallet to the DEX and trading your base currency (e.g., ETH) for GSWIFT.

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History of GameSwift

GameSwift (GSWIFT) is a cryptocurrency token native to the GameSwift ecosystem, a Web3 network designed to revolutionize the gaming industry by integrating blockchain technology. Founded in 2022, GameSwift aims to address common challenges in the gaming industry, such as limited financial incentives and centralized control, while leveraging the benefits of blockchain, including transparency, security, and decentralization.

The GameSwift ecosystem includes a specialized blockchain, the GameSwift Chain, which supports high transaction speeds, low fees, and flexibility for gaming applications. It also features a unique digital identity for gamers, the GameSwift ID, which allows players to manage their profiles, assets, and achievements across different games within the ecosystem.

The GSWIFT token serves multiple purposes within the ecosystem, acting as the primary medium of exchange, enabling transactions, purchases, and rewards. It also allows holders to participate in governance, making decisions on platform updates and new features. Additionally, the token can be staked or used in DeFi applications, providing opportunities for passive income and investment growth.

The price of GSWIFT is influenced by a combination of market dynamics and specific ecosystem factors, including supply and demand, investor sentiment, and the overall performance of the blockchain and gaming sectors. Historical charts and price prediction models are often used to gauge the token's performance and make informed predictions about its future trajectory.

GameSwift has a market capitalization of around $10 million, with a circulating supply of approximately 62 million tokens. The token's price has fluctuated over time, with an all-time high of $0.8074 and an all-time low of $0.0458.

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How GameSwift works

GameSwift (GSWIFT) is a cryptocurrency designed to power a modular blockchain solution specifically for the web3 gaming arena. It is built on a zkEVM (zero-knowledge Ethereum Virtual Machine) modular blockchain, which allows for significant scalability and efficiency improvements compared to traditional monolithic blockchains. This technology enables web3 games to scale 100 to 10,000 times better than on monolithic blockchains.

Key Components
  1. Modular Blockchain: The zkEVM modular blockchain is the core infrastructure of GameSwift. It allows for seamless integration with multiple blockchain networks, ensuring that users can access the chain from anywhere and any major blockchain network.

  2. GSWIFT Token: The GSWIFT token is a vital component of the GameSwift ecosystem. It is a community-driven token with multiple utilities, creating a constant demand and serving as an essential ecosystem component. The token can be transferred seamlessly between blockchains supported by LayerZero technology.

  3. Revenue Streams: The GameSwift platform generates revenue from multiple sources, including modular blockchain fees, shared security vault fees, staking rewards, LP staking rewards, monthly subscriptions, data storage fees, platform fees, and transaction fees. A portion of the revenue (10%) is allocated to GSWIFT stakers, and another 10% goes towards buybacks and burns of GSWIFT tokens.

  1. Tokenomics: The total supply of GSWIFT tokens is 1,396,500,000. The token distribution includes allocations for community funds, airdrops, foundation, seed rounds, private rounds, public sales, operational funds, ecosystem funds, and liquidity.
Utilities and Features
  • GS Force AI: An AI-integrated launcher app that enhances the gaming experience and unlocks new utilities in the gaming industry.
  • Shared Security Vault: A core utility that provides additional security features for the platform.
  • Platform Real Yield: A mechanism that generates real yield for GSWIFT token holders through staking and other revenue streams.
  • Tokenomics: The tokenomics of GSWIFT are designed to create a constant demand and provide benefits to token holders through staking and buybacks.

Overall, GameSwift is designed to provide a scalable and efficient blockchain solution for web3 gaming, with a token that has multiple utilities and revenue streams to support its ecosystem.

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GameSwift's strengths

The strengths of the GameSwift (GSWIFT) token lie in its well-designed tokenomics, which are structured to ensure sustainable development and long-term stability. Key aspects of its tokenomics include:

  • Moderate Token Release Schedule: The token release is carefully balanced to prevent a sudden influx of tokens into the market, ensuring stable growth and minimizing the risk of price volatility.

  • Community Governance: The community holds a significant portion (50%) of the total token supply, giving them a substantial say in the decision-making process. This ensures that the majority of tokens are not released in the near future, maintaining stability.

  • Diverse Token Pools: The token pools are allocated for various purposes, such as community funds, foundation, seed round, private round, public sale, operational, ecosystem fund, and liquidity. This distribution ensures that the token is utilized efficiently across different aspects of the GameSwift ecosystem.

  • Strong Community Support: The token has already been acquired by over 12,000 on-chain holders within a short period, indicating a strong and growing community backing the project.

  • Multifunctional Token: GSWIFT serves as a native currency, utility, and governance token, capturing value from all GameSwift products and services. It is used for transaction fees, validation, and payments on the GameSwift Layer 1 blockchain and zkEVM roll-ups, making it a crucial asset in the ecosystem.

These strengths contribute to the token's potential for stable growth and its ability to support the development of the GameSwift gaming ecosystem.

GameSwift's risks

GameSwift (GSWIFT) is a cryptocurrency token designed to facilitate swift, smooth, and secure transactions on gaming and entertainment platforms. It aims to provide a seamless experience for users by leveraging blockchain technology. However, like any investment in the cryptocurrency market, GameSwift carries financial risks that investors should be aware of.

High Risk Assessment

InvestorsObserver has given GameSwift a high risk assessment, indicating that it is a relatively high-risk investment. This assessment is based on the proprietary scoring system, which calculates the amount of money required to move the price over the past 24 hours, considering changes in volume and market capitalization. A low score indicates high risk, while a high score represents low risk.

Market Volatility

The cryptocurrency market is known for its volatility, and GameSwift is no exception. Prices can fluctuate significantly over time, making it essential for investors to be prepared for potential losses. The market capitalization of GameSwift is currently relatively low, which can make it more susceptible to price swings.

Token Distribution and Centralization

The token distribution of GameSwift has raised concerns about centralization. A significant portion of the tokens (44%) is locked under governance, which could be seen as community funds for project development. However, the lack of clear governance structures at this stage raises questions about the level of centralization.

Regulatory Risks

As with any cryptocurrency, GameSwift is subject to regulatory risks. Changes in regulatory environments or laws governing cryptocurrencies can impact the price and adoption of GameSwift. Investors should be aware of these potential risks and stay informed about regulatory developments.

Technical Risks

Technical risks are also a concern for GameSwift. The project's reliance on blockchain technology and its modular architecture can make it vulnerable to technical issues or security breaches. Investors should be cautious of these risks and monitor the project's technical developments.

In conclusion, GameSwift carries a range of financial risks, including high market volatility, centralization concerns, regulatory risks, and technical risks. Investors should carefully evaluate these risks and consider their own risk tolerance before investing in GameSwift.

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Did GameSwift raise funds?

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GameSwift’s team

  • Pan Paragraf: CEO of GameSwift, explaining the vision and ecosystem of the platform in the CEO Podcast series.
  • Tom Kowalczyk: Part of the GameSwift team, involved in building the platform.
  • Michał Kurdziel: Member of the GameSwift team, contributing to the development of the platform.
  • Katarzyna Dyrcz: Team member at GameSwift, working on the project.
  • Lucas Caley: Part of the GameSwift team, involved in the development of the platform.
  • Maverick Milkowski: Web3 builder and team member at GameSwift, contributing to the project.
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