<div class="cryptonews"> 
 <p class="is-style-lead">Swisstronik, a layer-1 network focused on user privacy and regulatory compliance, has announced the close of its $5 million seed funding <a rel="dofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a>, and the <a rel="dofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of its <a rel="dofollow" title="private" href="https://thebittimes.com/tag/private.html">private</a> <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> sale.</p> 
 <h2 class="wp-block-heading" id="swisstronik-closes-seed-funding-round">Swisstronik closes seed funding round</h2> 
 <p>After a successful seed round, Swisstronik intends to utilize the funds for team expansion, technology development, and the planned 2024 launch of its mainnet. </p> 
 <p>Simultaneously, they have initiated a private token sale, providing individuals and businesses with an exclusive early investment opportunity to secure SWTR tokens required for accessing the Swisstronik Network ahead of the public launch.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Malta takes next steps to align with EU’s MiCA regulation 
 </div> 
 <p>Swisstronik has already closed on its first deal in the ongoing <a rel="dofollow" title="private" href="https://thebittimes.com/tag/private.html">private</a> <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> sale, with MAQ Capital Home, a UAE-based venture capital represented by Mohammed Abdul Qadir Jihad. This led to MAQ Capital Home acquiring $500,000 worth of future SWTR <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s, which would allow the VC to engage with and contribute to Swisstronik’s ecosystem.</p> 
 <p>Swisstronik’s <a rel="dofollow" title="private" href="https://thebittimes.com/tag/private.html">private</a> <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> sale is scheduled to run until mid-2024, followed by the public sale of SWTR in the second half of the year.</p> 
 <h2 class="wp-block-heading" id="team-and-roadmap">Team and roadmap</h2> 
 <p>Swisstronik’s main goal is to create a user-friendly and secure network that addresses key issues like legal compliance, data privacy, and compatibility. It aims to be the top choice for developers while emphasizing privacy and decentralization.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Blockchain Capital secures $580m funding for defi and crypto gaming ventures 
 </div> 
 <p>The Swisstronik management team, consisting of Valerii Brizhatiuk, the chief product officer; Mike Antonuk, the blockchain team lead; Constantin Guggi, the chief executive officer), and Anton Polianski, the chief operating officer, brings significant blockchain experience dating back to 2016.</p> 
 <p>Guggi and Polianski began their crypto journey with a private crypto mining venture valued at $2.5 million. They later ventured into the communications sector, contributing to projects such as the $200 million Tawasal Superapp in the UAE.</p> 
 <p>Swisstronik’s future roadmap includes the launch of its mainnet in 2024, followed by a decentralized messenger, distributed authorization system, corporate decentralized oracles, and assets tokenization suite in 2025. </p> 
 <p>These developments aim to position Swisstronik as a cost-effective compliance management tool for web3 projects, potentially reducing regulatory challenges.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Swisstronik launches testnet, announces $70k bug bounty 
 </div> 
 <div class="cn-block-disclaimer"> 
  <div class="cn-block-disclaimer__icon"> 
   <svg class="icon icon-info" aria-hidden="true">
    <use xlink:href="#"></use> 
   </svg> 
  </div> 
  <p class="cn-block-disclaimer__content"> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p> 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/swisstronik-raises-5m-in-seed-round-launches-private-token-sale-tbt63159.html">https://thebittimes.com/swisstronik-raises-5m-in-seed-round-launches-private-token-sale-tbt63159.html</a></p>

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

Table of Contents

TheBitTimes

Other articles published on Sep 18, 2023

We will add new pair soon on ETH Network and ARB - Golden Ball

Crypto Whale Withdraws $116,000,000 Worth of One Altcoin That’s Up 222% in Past Month From Exchan...

Crypto's Biggest ICO Wall Street Memes Ends in 7 Days, Tier 1 Exchange Listings Start in 9 Days –...

Ethereum Gears Up for Potential Breakout Above $1,650 Resistance

Chainlink slips despite oracle adoption, InQubeta offers an alternative

tomiNet Price Forecast 2023: Is TOMI Price Gonna Touch New Peaks?

Join our free newsletter for daily crypto updates!