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| Swingby 
| #SWINGBY
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| SWINGBY Price: | $0.00238 | | Volume: | $2 | | All Time High: | $1.21 | | Market Cap: | $75.6 K |
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| Circulating Supply: | 31,810,578 |
| Exchanges: | 1+
| | Total Supply: | 1,000,000,000 |
| Markets: | 1+
| | Max Supply: | — |
| Pairs: | 9
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The last known price of #SWINGBY is $0.00238 USD.
 Please note that the price of #SWINGBY was last updated over 330 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #SWINGBY statistics should be considered as 'last known value'.
The lowest SWINGBY price for this period was $0, the highest was $0.00238, and the exact last price of SWINGBY was $0.00237704.
The all-time high SWINGBY coin price was $1.21.
Use our custom price calculator to see the hypothetical price of SWINGBY with market cap of ETH or other crypto coins. |
The code for Swingby crypto currency is also #SWINGBY.
Swingby is 3.6 years old. |
The current market capitalization for Swingby is $75,615.
Swingby is ranking upwards to #1939 out of all coins, by market cap (and other factors). |
The trading volume is very weak during the past 24 hours for #SWINGBY.
Today's 24-hour trading volume across all exchanges for Swingby is $2.00. |
| The circulating supply of SWINGBY is 31,810,578 coins, which is 3% of the total coin supply. |
Our Story with Stakeborg
Our Story with Stakeborg For a very long time many community members have requested us to share in detail what happened with Stakeborg, and the reasons why this relationship was broken. The team did not want to share this information because they felt that it was simply not a nice story to share. However, to start a new chapter in the history of Swingby, it is important to disclose this situation and to be fully transparent. We are a team of developers that relied strongly on our external advisors and unfortunately our founders made the decision to outsource most of our key non-development functions. Stakeborg was an important investment and marketing partner and our marketing activities were mainly left to Stakeborg, while external advisors were engaged for business development and financial related functions, the core development team focused on building a product that was robust, fail proof and relevant. Relations with Stakeborg started to sour when Stakeborg started to accuse the team of employing tactics to keep the prices low (which would not make sense for any point of view). The team disclosed all their crypto holdings and their activities, as well as countless explanations to why this was simply not true. Even though all the effort to clear their doubts, Stakeborg stuck to their beliefs. Soon after, Stakeborg came back again to insist that they wanted to buy out the entire team’s token holdings at a very negligible... 
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Swingby December 2021 Team Updates
Happy 2022, Swingby community! We hope you’ve had a good start to the year so far 🥳 As the last month to complete 2021, December has been an action-packed month for us. Despite the holiday season, we’ve been busy shipping things, both on the development and the community front.SkyBridge BTC LP APR Boost 👨🌾 In December, we increased the rewards for Bitcoin liquidity providers on Skybridge by 25%, reaching around 17% APR at the time of writing. This is so that we can create optimal liquidity on SkyBridge and an optimal swapping experience on SkyPools when it launches. With this APY Boost, you can now earn higher APYs on your Bitcoin in a trustless and secure manner on SkyBridge. If you’re a Bitcoin hodl-er, go ahead, stake your Bitcoin and earn those yeidlds today!December Dev Updates 🛠 Despite December being a month of holidays, the development team has been busy building and shipping away. On the SkyPools front, this is what we’ve worked on:Release SkyPools on Ropsten TestnetReleased new SkyPools UI: https://skypools.swingby.networkAdded limit on the number of loops to clean up SkyPools pending transactions & optimize gas costsAdded multiRecordSkyPoolsTX function and testsTaproot branch is ready for merge On the DAO front (which we’ll elaborate more below), we have been busy upgrading the platform to include Metanode staking.Added Metanode staking on the DAO UIReduced current Metanode u...
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Swingby November Updates & Testnet Launch
This article first appeared on Swingby’s Substack. Hi Swingby community, With every passing week, we are getting closer to the end of 2021 and our SkyPools Testnet launch. Today, we’ll be sharing more exciting updates from the development team in November, as well as things to look out for in December. December has always been an exciting month for us at Swingby. Last year, we launched SkyBridge in December. This year will be no different, so we can’t wait to share the news with you!Swap volumes: 200 BTCs in November 2021 📈 From January to November, BTC swap volumes are now at 2,500 (approximately $125M at current price). This means that in November alone, Skybridge helped users swap 500 BTCs worth of assets between BTC and WBTC. During the last week of November, we also saw an ATH in weekly swap volumes, reaching $12.7M USD. As mentioned in our previous articles, Skybridge plays an important role in facilitating SkyPools swaps, so seeing this lift in volumes makes us really excited.BTC Liquidity Provision Rewards: 25% Boost incoming 💰 As a recap, to create optimal liquidity when doing SkyPool swaps between BTC and ERC-20 tokens, we need to increase Bitcoin liquidity provided on Skybridge. To incentivise BTC liquidity sustainably, we announced that we will be reducing Metanode staking rewards to 30% and increasing BTC liquidity provision rewards when Testnet goes live. Today, we have more details to share on...
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An Update to Swingby Network Incentives
This article first appeared on our Substack Update: 👋 Dear Swingby community, we’ve heard your discussions and concerns, hence we are updating the timeline for Metanode rewards reduction Metanode staking rewards will only be reduced when the SkyPools Testnet is launched. Hi Swingby community, November has been a pretty busy month for the entire Swingby team as we continue to prepare for the testnet launch of SkyPools. We have been focusing on the tech & product over the last few articles, so today we will be switching gears onto something else. We will be talking about another pillar that is crucial for Skybridge’s success today, as well as SkyPools’ success tomorrow — network & liquidity incentivesA primer on Network Incentives In Web3 and decentralised projects, a project’s success is normally more than just building a great technical infrastructure and product. To achieve decentralisation, Web3 projects typically have many stakeholders, users and network participants working together to achieve its vision. To ensure that the network and product serves its purpose, all stakeholders in the network need to act in an incentive-aligned manner. This makes designing and aligning network incentives really crucial for a project’s success. When done correctly, the network serves its purpose and provides value to the investors, validators, users and other participants. When done wrongly, all sorts of thing...
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October ’21 Swingby Update + AMA
This post first appeared on Swingby’s Substack. Subscribe to our Substack for latest updates! Hello there Swingby community! October has been an exciting month for both crypto as well as the Swingby team and we’re excited to bring you:Our October updatesTeam Ask-Me-Anything1. October Updates As the Swingby community should know by now, the Swingby team’s main focus for the entire Q4 is on getting SkyPools to testnet launch. As described in our last article, our main focus is to enable smart contract interactions for SkyPools. Here are some development updates that bring us closer to the SkyPools testnet launch:Updated TSS Library and Node-InstallerIntegrated Smart Contracts into the Skybridge nodesCurrently testing SkyPools Smart Contract testing Ropsten networkCurrently undergoing internal QA and security review for SkyPoolsAlmost completed SkyPools UI Aside from SkyPools launch, the team has been improving the user experience by standardising our Navbars and headers on the Swingby main site and SkyBridge Explorer. Also, we have improved our Beta message on our SkyBridge swap widgets, so that you have a less intrusive and more user-friendly.2. Team Ask-Me-Anything! Last week, we tweeted out an AMA post, asking for you (our community members) to ask us anything and we’ll answer them! Over the past weeks, we received over 70 replies to the Tweet and we’re going to answer the more salient questions today. Among...
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Under The Hood: SkyPools’ Technical Upgrades & Smart Contracts
Kicking off Swingby’s Article Series, we started with our multi-chain and trustless vision of the world. Following that, we shared how our latest product — SkyPools helps Bitcoin traverse across chains & interact with smart contracts, opening up a new world of possibilities. Today, we’d like to go deeper into what our team does best — the technical workings behind our products. That’s right, we will be going under the hood and sharing more about the technical upgrades that make SkyPools possible. For the technical folks and diagram geeks, you’ll be in for a ride!Technical Overview: What goes into the SkyPools update? — 🎯 Main Objective: Enable Smart Contract Interactions. — For the SkyPools update, the team’s main objective is to enable smart contract interactions to empower Swaps over SkyPools. This means that Metanodes will be able to sign transactions that invoke smart-contract functions once a consensus is formed. Initially, the first application of this upgrade is to enable any-to-any coin swaps over the Ethereum network, but you can imagine a world where Bitcoin can be directly used with all DeFi applications in the future. The Development team’s effort is heavily focused here, which we’ll share more in the second part of this article. — 🎲 Side Quest: Improve user experience & security. — As a sidequest, we also aim to improve the user experience and s...
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How SkyPools works & Why it matters
This post first appeared on Swingby’s substack. Subscribe to our Substack for latest updates. Picking up from our article on the Past, Present and Future of Swingby, we’d like to share a bit more about the future of Swingby today. Yes, you guessed it right — that would be SkyPools. It was a few months back when we first teased SkyPools, but as the development team has been hard at work building SkyPools, we’re pleased to share a bit more about SkyPools ahead of our Q4 testnet launch. 1. How SkyPools work 2. First application of SkyPools: Swapping BTC into ERC-20 tokens 3. SkyPools beyond swapsHow SkyPools works As we should be familiar now, Swingby’s SkyBridge is a trustless cross-chain bridge that empowers liquidity to move freely between Bitcoin and EVM chains. Despite bridging over $81M of Bitcoin to Defi, we believe that this is barely scratching the surface of DeFi and we want more to do. For many users, the beauty of Defi lies in composability, where we can pick and choose any Defi legos we want in our investment strategies. Hence, it’s very rare to do a single asset bridge (such as BTC to WBTC) and stop there. In reality, most users hop onto some other liquidity pool, farming or staking product after transporting their Bitcoin into Ethereum. With that, bridging BTC variants is really only the first step in a multi-hop journey in the world of Defi. Hence, we thought to ourselves — Why limit o...
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The Past, Present and Future of Swingby
This post first appeared on Swingby’s Substack. Subscribe to our Substack for latest updates & more 👋 Hello all present and future Swingby community members, We hope you are doing well in this exciting year for crypto. With the rise of multi-chain DeFi, NFT bull markets and institutional adoption of cryptocurrencies, 2021 has been an interesting year for crypto. Over the last 3 quarters, the Swingby team has had our heads down building products while observing the shifts in the cryptosphere closely. As a team, we’ve been typically less vocal about our progress, achievements and thoughts about the space, but this is about to change. This is because the recent developments in crypto make us really excited about our vision of the multi-chain world, our upcoming roadmap and our role to play. Hence, we believe this is the right time to share with you (our community):Where we’re at now (i.e. the Past) — Our vision, history and progress so farHow the cryptosphere is evolving (i.e. the Present) — A multi-chain world with more Bitcoin adoption, L1/L2 landgrabs and regulatory scrutiny on CEXesWhere we’re headed (i.e. the Future) — SkyPools1. Where we’re at — Where we began — A vision of a free & multi-chain world. — In early 2018, a team of cryptography enthusiasts saw the rise of different Layer 1 chains and envisioned a multi-chain future — one where different chains...
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Dev Update September 23rd —CMP, Frost and EIP1599
Dev Update September 23rd — CMP, Frost and EIP1559The warp-speed protocol for inter-blockchain swaps, allowing DeFi users to easily move assets between blockchains without the need for a trusted party. Swingby’s bridge protocol, Skybridge, builds trustless bridges between BTC, Ethereum, Binance Chain, and other blockchains secured by a network of node groups that execute fast token swaps using ‘multi-party computing’ and layer 2 technology. Skybridge allows users to move Bitcoin tokens between the Bitcoin, Ethereum, and Binance Chain blockchains without relying on a central custodian, opening up a whole world of DeFi capabilities such as liquidity pooling and DEX trading with easy to use UX. Swingby has launched their Ethereum MainNet and Binance Smart chain MainNet, bringing Bitcoin to ecosystems with over $20b in Bitcoin capital locked up in DeFi contracts. Building on exciting partnerships with projects such as Chainlink, Elrond, band, Waves, and Kira Protocol, Swingby aims to expand its reach to other chains and projects, adding support where the most value can be added.So what have the devs been up to? — Yield farming for sbBTC holders. — Towards the end of August, we announced a major update to the Swingby yield farming ecosystem rewards page. This update comes in the form of yield farming support for BTC, BTC.B, and WBTC Skybridge liquidity providers (otherwise known as sbBTC holders). This...
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Swingby launches sbBTC yield farming to unlimit Skybridges volume
Head here to add liquidity to Skybridge and start yield farming the LP tokens here. Last week Swingby quietly launched a new yield farming contract that provides additional rewards to Skybridge liquidity providers! By staking BTC, WBTC and/or BTC.B to skybridge, and locking your LP tokens (sbBTC) into our yield farming contracts, you can earn around 8%+ in Bitcoins and 10%+ in Swingby tokens. — Helping to improve the network. — The sbBTC yield farming contract is more than just a liquidity incentive. It helps to improve the capacity and volume of the bridge by incentivizing the float to remain equally balanced. Skybridge works by maintaining a set of liquidity pools that exist on different chains. When a BTC to WBTC swap is processed, the BTC funds enter the Bitcoin liquidity pool and the WBTC tokens are released from the Ethereum WBTC liquidity pool. This model is unique to Swingby and allows us to support existing wrapped Bitcoin tokens such as WBTC, which is the most popular and widely supported wrapped Bitcoin token. Other chains tend to operate using the “mint-and-burn” model, such as Ren. However, the drawback of the liquidity pool model is that swaps can only be processed as long as there is sufficient liquidity on both sides of the pool (“the float”). If users are swapping more BTC to WBTC, then it may cause a problem if Skybridge runs out of WBTC liquidity. In this case, only WBTC to BTC swaps ...
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Crypto Coin Prices and News 