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Swarm City FAQ


Swarm City Project



What is Swarm City?

A global network building a decentralized app, built on the Ethereum blockchain, to create a community of open marketplaces for the exchange of services between peers. Learn more here

How did the project begin?

This project started as a crazy idea to cut out the middlemen between rideshare drivers and passengers. The idea attracted a swarm of contributors that organically strengthened the effort by using Facebook networks to free drivers from both the corporate giants and unnecessary regulations with open peer-2-peer interactions, and eventually attracted some Ethereum developers. Which led to the crowdsale, a brand fork, and new business leader to carry the project to the next level, a truly decentralized platform

Who is behind the Swarm City product development?

Business & Tech Team Advisors

Is there a Swarm City app available now?

Yes, you can access the web application by entering the Terminal What can I do in the Terminal? | At this time, you can use the Terminal to create a profile, exchange ARC to SWT, send/receive SWT, and view the USD value of your SWT balance, check the GitHub

Is the Swarm City app ready to use for ridesharing

No, that feature will be available in the second release, Boardwalk, check the GitHub!

How are people using Swarm City for ridesharing before it's available in the app?

Join your local Facebook Swarm City #needaride group. Post #needaride and meet others in your area. One of your peers will respond to the post. The 2 parties can negotiate the rest, #done

Is the Swarm City app open source?

Yes, Swarm City is an open-source P2P web application platform, providing decentralized, privacy-preserving software which keeps users in control of their own content. Github

Will the Swarm City app be downloadable in the playstore?

No, we have decided against listing the Swarm City app in the Google or Apple appstores. We are creating a Decentralized App (DApp), we do not want to create limitations to suit Google or Apple guidelines. This book describes why

What is a DApp?

Decentralized Apps (DApps) are a new type of software program designed to exist on the Internet in a way that is not controlled by any single entity. No central servers, no data collection. See the explanations given on the Ethereum stack exchange

Where can I find the project roadmap?

This Medium article best describes the long term vision of the project Unmistakably Swarm City

Where can I can find more info about the project history?

Regular project updates are posted on Medium, Swarm City Press or Swarm City Times

How is Swarm City associated with Arcade City?

The Arcade City cofounders and the project’s Ethereum development team separated from the project visionary during the ICO in November 2016. We describe what we refer to as a brand fork here

How do I join?

Visit the Terminal to create a user profile and a digital wallet

How do I find other locals?

Facebook Swarm City #needaride groups

How do I get active in the community?

Slack, Twitter, Medium, Github, YouTube, Facebook, and any other place you think the swarm might have landed just search Swarm City

Where can I access the official logo files?

Github swarm.city branding

What types of other services will be offered on the platform?

We will begin by featuring ridesharing, in the Boardwalk release. Followed by the introduction of Storefront, where other peer-2-peer services, such as SwarmBnb, babysitting, dog walking, car repair, etc will become available as other entrepreneurs and decentralized apps plug into the Swarm CIty network using APIs

What forms of payment are accepted within the app?

Only SWT will be exchanged in the Swarm City ecosystem. However, users can start the transaction with any form of payment, and it will be automatically converted to SWT to complete the transaction behind the scenes


Swarm City Tokens (SWT)



What is a Swarm City Token (SWT)?

The SWT is a utility token used to pay for transactions in the Swarm City ecosystem. Learn more in the token whitepaper

How do I get SWT?

The best way to buy SWT is from an exchange Changelly Bittrex, Etherdelta, CryptoDerivatives,

Can I buy SWT with a credit card?

Yes, on Changelly

Where do I store my tokens?

You can store your SWT in your SWT wallet created in the Terminal or any external wallet that supports ERC-20 tokens How can I view my SWT balance using etherscan? Go to the SWT ERC 20 contract > Filter by: "add your SWT wallet public address > APPLY

Where can I check the current value of SWT?

Enter the Terminal, load your SWT wallet and click on your SWT balance, visit Coinmarketcap, or load your wallet in MyEtherWallet

I bought ARC tokens, what can I do with them? You can either hold on to them for novelty sake or exchange them for SWT in the [Terminal](https://swarm.city)
Why do I need to exchange tokens?

For the benefit of this project it was necessary to fork the brand from Arcade City to Swarm City. However, we wanted to make sure the brand fork did not impact Arcade City token owners. The last step to completing our rebranding process is upgrading our token to the [Swarm City Token]https://github.com/swarmcity/sc-token/blob/master/token-exchange-miniwhitepaper.md)(SWT)

What can I use SWT for?

All transactions that occur within the Swarm CIty DApp will happen on the Ethereum blockchain, users exchange SWT, an ERC 20 token

Why the brand fork?

There are 2 key reasons for the brand fork, the ARC symbol was already in use by some other coins and the previous token contract cannot be renamed and would not have suited the new branding

When can I start the exchange process?

You can start the exchange anytime, enter here

Is there a time limit on exchanging ARC to SWT?

There is no time limit on performing the conversion. This functionality will be permanently available in our contract

What is the exchange rate?

This is a 1:1 token exchange

Where do I go to exchange my previously purchased ARC for SWT?

You will start the exchange by going to the Swarm City Terminal, enter here

Is there any way I can I exchange ARC tokens for SWT without using the Terminal swap feature?

Yes, the easiest way is to use the Terminal but users can perform the exchange manually, find directions here

How do I exchange the ARC tokens that are in MyEtherWallet?

You will need to import your MyEtherWallet to the Terminal by pasting the private key. You will be guided through the token exchange process, which should only take a few minutes to execute. Once done, you can always watch the SWT on your MyEtherWallet account as well as in the Terminal

Can I send ARC directly from MyEtherWallet to the SWT contract?

No, to exchange from ARC to SWT you will have paste to your private key from MyEtherWallet to Terminal and use the exchange tool in Terminal. Once complete, you will be able to view your SWT on your MyEtherWallet account as well as in the Terminal

How do I exchange ARC tokens purchased with the previously released ARC wallet?

Enter here and follow the steps to import your ARC wallet into the Terminal. You will be guided through the token exchange process, which should only take a few minutes to execute

Where can I view and store my SWT after the exchange?

Upon entry to the Terminal, all users create a digital wallet. This wallet is used to view, store, send and receive the tokens you own

When/How can I use my SWT?

The Swarm City Token (SWT) has been created to function within the Swarm City environment. SWT will be exchanged as the only form of payment within the app

How can I trade SWT with other users?

Users can send tokens with a public address or shortcode or any crypto exchange that lists SWT

Can I mine SWT?

No, you can't mine SWT. We held a crowdsale from Nov. 1 to Nov. 30, 2016. SWT was offered for sale to the public. There were 9,525,397.92198459159306133876 SWT minted to be traded on the platform

How many SWT will be minted?

The total number of SWT in circulation will be determined by how many ARC tokens get converted to SWT. If only 5,000,000 ARC tokens are converted into SWT, there will only be 5,000,000 SWT in circulation. Most notably there will be no extra tokens minted. A total of 9,525,397.921984591306133876 ARC tokens were minted, so at most only 9,525,397 SWT can ever be minted. This number includes the 16% tokens minted in addition to the ARC token sale.

Will there be a Swarm City ICO?

No, there will not be a Swarm City ICO. The amount of SWT created through the token exchange will be the maximum ever created

What happens to ARC tokens that are exchanged for SWT?

The ARC tokens will be destroyed immediately by being sent to a burning address 0x0000000000000000000000000000000000000000

Where can I see the total amount of SWT currently minted?

Check the token contract here

What happens with the Ether that was raised through the Arcade City token sale?

We have brand forked, but we are still actively developing the product as described in the token sale whitepaper. Therefore, we will continue to use the ether for building the sharing economy platform. You can also follow the progress of the project in the Swarm City Medium channel, end of April update

I missed the token sale, but I do want SWT, how can I buy tokens now?

The SWT is listed on exchanges, where anyone can offer to sell or buy tokens, some listed below: Bittrex, Etherdelta, CryptoDerivatives, Coinmarketcap, Changelly. In the future, users will easily buy tokens from USD, EUR and other fiat currencies on our in-app exchange

I don't want SWT, how can I get an ether refund for what I spent buying ARC tokens?

We will not refund ether, but you can sell ARC token one of the decentralized exchanges

Where can I view the original project whitepaper?

Arcade City whitepaper, published during the ICO in November 2016

Is there a more technical updated whitepaper?

Yes, the Token exchange whitepaper was published by the project developers after the name brandfork in January 2017

How do I view the ERC-20 token contract?

Visit Etherscan to monitor the SWT ERC-20 token contract

Where are the funds from the tokensale stored?

Etherscan

Is there a tutorial on how to buy SWT?

Bittrex tutorial on Youtube

How do I convert ARC to SWT?

Visit the Swarm City Terminal. Create a SWT wallet or load your ARC wallet. The system automatically detects your tokens and you will be prompted through the conversion process.

How can I view SWT transactions?

Ethplorer

When will the Swarm City DApp be released?

It is already available [ https://swarm.city ]. We are close to a MVP status. Which means it will be usable with the minimum set of functions that are needed. After that we improve and enhance the product so that it gets really smooth, neat and easy to use.

If you didn't find the answer you are looking for contact us at support@swarm.city

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