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Swisstronik Closes $5 Million Seed Funding Round and Launches Token Sale for User Privacy and Regulatory Compliance

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Swisstronic Closes Seed Funding Round and Launches Token Sale

Swisstronik, a network focused on user privacy and regulatory compliance, recently announced the successful closing of its $5 million seed funding round. The company plans to use the funds to expand its team, develop its technology, and prepare for the launch of its mainnet in 2024.

Additionally, Swisstronik has initiated a private token sale, offering individuals and businesses the opportunity to invest early and secure SWTR tokens. These tokens will provide exclusive access to the Swisstronik network before its public launch.

Swisstronic’s First Private Token Sale Deal

In its ongoing private token sale, Swisstronik has already finalized a deal with MAQ Capital Home, a UAE-based venture capital firm represented by Mohamed Abdelkader Jehad. MAQ Capital Home received $500,000 worth of future SWTR tokens, enabling them to engage with and contribute to the Swisstronik ecosystem.

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The Swisstronik token sale will continue until mid-2024, followed by a public sale of the SWTR tokens in the second half of the year.

Team and Roadmap

The Swisstronik team, which includes Valery Pryzatiuk as Chief Product Officer, Mike Antonok as Blockchain Team Leader, Konstantin Gogi as CEO, and Anton Polyansky as Chief Operating Officer, brings significant blockchain experience dating back to 2016.

Gogi and Polyansky initially began their cryptocurrency journey with a private cryptocurrency mining project worth $2.5 million. They later ventured into the telecom sector, contributing to projects such as the $200 million Tawasal Superapp in the UAE.

Looking ahead, Swisstronik’s roadmap involves launching its mainnet in 2024, followed by the introduction of a decentralized messenger, a distributed licensing system, a decentralized corporate oracle, and an asset tokenization pool in 2025. These developments aim to position Swisstronik as a cost-effective tool for compliance management for web3 projects, potentially alleviating regulatory challenges.

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