SWFT Coin as the latest example of "Community Vote" pump

A
@Garry Kabankin
May 6, 2020

Takeaway: Binance-related news are still powerful boost for tokens. But for how long?

Assets covered: SWFTC

Metrics used: Trading volume, Token Age Consumed, Top Token Transactions, Historical balance, MVRV, Percent of Total Supply on Exchanges, Exchange Flow Balance, Amount in Non Exchange Top Holders, Daily Active Addresses, Social Volume


SWFTC is an 'easy readable' ERC-20 token of SWFT Blockchain, giving some extra liquidity sources needed to speed up swaps and offer low fees.

Their product in use, SWFT Pay


Along with CHR, it remained on top of Emerging Trends for more then a day:

The reason was Binance holding a round of community vote between SWFTC and CHR (Chromia):

It happened here:

Price went up shortly and dropped even more. Quite opposite to the first voting announcement happened here:

80% pump in 12 hours on announcement and decline