$SWYP — the native Swypik currency
$SWYP is the on-chain token of the Swypik ecosystem. It launched with a definitive hard cap of 21,000,000 $SWYP — the same absolute limit as Bitcoin — and was minted entirely at genesis into 7 public, auditable addresses.
In short: no public presale, no hidden pre-mine, and the only way a regular user gets $SWYP into their wallet is mining on Swypik.
How "tap-to-mine" works
Unlike Bitcoin (which requires expensive ASIC hardware) or Ethereum (which dropped mining in 2022), Swypik uses a simplified proof-of-work variant designed for your phone:
1. Press the Mine button once a day from the /earn page. 2. Your phone solves a light challenge (low PoW, no significant battery drain). 3. The mining session runs passively for 24 hours. 4. At the end, you receive the `base_reward` multiplied by your personal multiplier.
The multiplier grows with your daily streak, verified KYC, Pioneer badge, and your active referral network (L1/L2/L3). The more consistently you use Swypik, the more you mine per tap.
Genesis allocation — 100% transparent
The 21M $SWYP were distributed as follows, visible to anyone at /swyp/genesis:
- 75% Mining Rewards Pool — the only source distributed organically via tap-to-mine
- 10% Treasury Multi-Sig — protocol funds for partnerships and growth
- 5% Liquidity Bootstrap — for DEXs and on-ramps
- 5% Team Vesting — 4 years of vesting with a 6-month cliff (the team can't dump in the early phase)
- 3% Airdrop Marketing — distributions to early adopters
- 2% Pre-sale Reserve — locked, only unlocks via protocol vote (doesn't raise money from retail investors)
Each allocation has a public, deterministic address. You can verify the live balance anytime with a simple HTTP request:
``` GET https://swypik.com/api/swypik-token/genesis ```
Why this matters
Most "social commerce" tokens have issues: hidden pre-mine, opaque founder allocation, public presale used as a money-raising method without SEC compliance. The Swypik model is the opposite:
- Definitive hard cap — never more than 21M $SWYP will be minted, regardless of growth
- Vesting with cliff — the team can't sell before 6 months, distributed over 4 years
- Zero public presale — no one asked you for money for $SWYP at launch
- Mining as the only distribution — real users get the token, not speculators
How to start
1. Sign up on Swypik. 2. Go to /earn. 3. Press Mine $SWYP — you get your first reward in 24h. 4. Come back daily for a streak and bigger multiplier.
Want to see the live numbers? Check the transparent genesis or read the global chain stats.
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$SWYP is the native Swypik utility token. It is not a financial instrument, does not guarantee profit, and is not sold publicly. Mining is freely available to any registered user.