<a href="https://swisstronik.com/" target="_blank" rel="noopener noreferrer nofollow">Swisstronik</a>, a layer-1 network focused on user privacy and regulatory compliance, has announced the close of its $5 million seed funding round, and the launch of its private token sale. 
<h2 class="wp-block-heading" id="swisstronik-closes-seed-funding-round">Swisstronik closes seed funding round</h2> 
After a successful seed round, Swisstronik intends to utilize the funds for team expansion, technology development, and the planned 2024 launch of its mainnet. 
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. 
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Swisstronik has already closed on its first deal in the ongoing private token 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 tokens, which would allow the VC to engage with and contribute to Swisstronik’s ecosystem. 
Swisstronik’s private token sale is scheduled to run until mid-2024, followed by the public sale of SWTR in the second half of the year. 
<h2 class="wp-block-heading" id="team-and-roadmap">Team and roadmap</h2> 
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. 
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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. 
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. 
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. 
These developments aim to position Swisstronik as a cost-effective compliance management tool for web3 projects, potentially reducing regulatory challenges. 
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Swisstronik raises $5m in seed round, launches private token sale

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