Swap describes itself as a community-developed cryptocurrency striving for robust privacy, ecosystem fairness, full transparency, secure blockchain, and ease of use. Swap claims to be the first CryptoNote-based coin that uses a variant of the Cuckoo Cycle PoW algorithm, which has a 15-second block time. The project aims to be the most efficient, stable, and fairest CryptoNote coin. Swap claims to have no premine, dev fees, and ICO.