Here you'll find the most common questions about Swarm City. If you have any others not covered here, please feel free to reach out on Slack. We’re happy to answer all questions!
The SWT is a utility to pay for transactions in the Swarm City ecosystem.
The SWT will be listed on exchanges, where anyone can offer or buy tokens. In the more distant future, users can easily buy tokens from USD, EUR and other fiat currencies on our in-app exchange.
The first release of Swarm City is called Terminal. There is a tool in Terminal that will allow you to exchange your ARC to SWT.
It is 1:1.
No, to exchange from ARC to SWT you will have paste your private key from myether wallet to Terminal and use the exchange tool in Terminal. Once complete, you will be able to view your SWT on your myetherwallet account as well as in the Terminal.
You will be able to exchange ARC to SWT forever. There is no end date.
No, there will not be a Swarm City ICO. The amount of SWT created through the token exchange will be the maximum ever created.