Swopblock

Early Stage

Powering secure decentralized trading between all cryptos

Overview

Raised to Date: Raised: $59,616

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/20/2023

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$4,400,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$5,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

119%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,586

# of Investors

72

Momentum
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Location

Martinsburg, Pennsylvania

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Swopblock, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a platform to decentralize trading between all cryptocurrencies securely. It is the first autonomous crypto trading network to enter the BTC and ETH markets. Swopblock has a patent pending for its Consensus Mechanism and Liquidity Stream and plans to launch the beta version by the end of 2023. Jeff Hilde founded Swopblock in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.4 million. The campaign proceeds will be used for marketing, platform development, app development, and crypto launch.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-53,509

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$40,926

$0

Accounts Receivable

$0

$0

Total Assets

$77,634

$0

Short-Term Debt

$5,051

$0

Long-Term Debt

$136,316

$0

Total Liabilities

$141,367

$0

Financials as of: 01/20/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Swopblock 04/30/2023 Wefunder $5,000,000 $59,616 SAFE Active RegCF
Swopblock 08/17/2022 Wefunder $3,500,000 $598,385 SAFE Funded RegCF
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Swopblock on Wefunder 2023
$
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000
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