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File: SWARM CITY.png (63KB, 1553x296px) Image search: [Google]

63KB, 1553x296px

I'm posting this here to give you a heads up in Swarm City, Token name: SWT, type: Ethereum ERC20 Token

>What is Swarm City?

Decentralised Uber and Craigslist combined

>Why hasn't this already taken off then?

Most are still in the dark about what Swarm City actually is. Their 'minimum' working product releases June 15th, and the market cap is still relatively low.

>What happens on June 15th?

Boardwalk, the name of their minimum working product is released. Users can use hashtags for services. E.g. #needaride or #needanescort (I think) to find services in their location.

>Why does this have an advantage over Uber etc?

See image attached.

>Elaborate more on the hashtags?

Imagine each hashtag like a sub-plebbit. E.g. /r/needaride . There is a moderator for each hashtag who earns an SWT token or a fraction for each fee involved in a transaction. This is a great-way to incentivise good jurisprudence and quality control.

>How do the contracts work?

The service requester sends the cost in SWT to an escrow, the service provider sends some SWT of their own to the escrow too, in order to act like a bond, which helps ensure a lower-risk of either party bailing out of the agree. After the service is provided, either party gives feedback and the SWT is released to the service provider.

>Explain the feedback system?

The feed-back is contextualized and private,. This means you may have 100% positive feedback for #needaburrito because you are friendly and pay on time, but you may have a lower feedback for #needaride if you always turn up late and harass the driver. The devs know people act different under different contexts and hence may feedback vary for each hashtag / service.

The private part means, no-one can look you up like a telephone book and see your feedback, which could be embarrassing. This is great for scaling the product to mainstream use and for use in all sections of life. The service provider can see you feedback upon contract creation tho.