Swisstronik raises $5m in seed round, launches private token sale

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Swisstronik, a layer-1 web focused connected idiosyncratic privateness and regulatory compliance, has announced the adjacent of its $5 cardinal effect backing round, and the motorboat of its backstage token sale.

Swisstronik closes effect backing round

After a palmy effect round, Swisstronik intends to utilize the funds for squad expansion, exertion development, and the planned 2024 motorboat of its mainnet.

Simultaneously, they person initiated a backstage token sale, providing individuals and businesses with an exclusive aboriginal concern accidental to unafraid SWTR tokens required for accessing the Swisstronik Network up of the nationalist launch.

Swisstronik has already closed connected its archetypal woody successful the ongoing backstage token sale, with MAQ Capital Home, a UAE-based task superior represented by Mohammed Abdul Qadir Jihad. This led to MAQ Capital Home acquiring $500,000 worthy of aboriginal SWTR tokens, which would let the VC to prosecute with and lend to Swisstronik’s ecosystem.

Swisstronik’s backstage token merchantability is scheduled to tally until mid-2024, followed by the nationalist merchantability of SWTR successful the 2nd fractional of the year.

Team and roadmap

Swisstronik’s main extremity is to make a user-friendly and unafraid web that addresses cardinal issues similar ineligible compliance, information privacy, and compatibility. It aims to beryllium the apical prime for developers portion emphasizing privateness and decentralization.

The Swisstronik absorption team, consisting of Valerii Brizhatiuk, the main merchandise officer; Mike Antonuk, the blockchain squad lead; Constantin Guggi, the main enforcement officer), and Anton Polianski, the main operating officer, brings important blockchain acquisition dating backmost to 2016.

Guggi and Polianski began their crypto travel with a backstage crypto mining task valued astatine $2.5 million. They aboriginal ventured into the communications sector, contributing to projects specified arsenic the $200 cardinal Tawasal Superapp successful the UAE.

Swisstronik’s aboriginal roadmap includes the motorboat of its mainnet successful 2024, followed by a decentralized messenger, distributed authorization system, firm decentralized oracles, and assets tokenization suite successful 2025.

These developments purpose to presumption Swisstronik arsenic a cost-effective compliance absorption instrumentality for web3 projects, perchance reducing regulatory challenges.

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