Company Information

Get to know Swarm City

Swarm City was an ambitious project aimed at creating a decentralized, blockchain-based marketplace for the sharing economy. Its mission was to enable direct, trustless transactions between providers and consumers for goods and services, governed by a reputation-based system. The platform utilized its own native token, Swarm City Token (SWT), for transactions and interactions within its ecosystem. Originating from a fork of the Arcade City project in 2016, Swarm City intended to operate as a Decentralized Autonomous Organization (DAO). However, development and community activity appear to have ceased around 2018-2019, and the project is now considered dormant.

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Crypto CryptocurrencyPRIMARY
Financial Other Service
Technology Software Trading Platform

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Swarm City

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.