Swopblock
Powering secure decentralized trading between all cryptos
Overview
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
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
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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