Swarm, a blockchain for private equity and hedge fund investments, has launched the first major update to the Swarm Asset Management Network Alpha.
With this release, Swarm Fund token (SWM) wallets are now integrated with the Alpha Platform. In addition, SWM token holders can now start voting on foundation-level decisions via the Swarm Liquid Democracy Voting Module (LDVM), powered by SecureVote.
“We’re delighted to go live with this version of the Swarm Asset Management Network nearly a month ahead of schedule,” says Philipp Pieper (pictured), CEO and Co-Founder of Swarm. “Items like an integrated wallet and a dedicated governance module are crucial to further moulding the Swarm product based on the community’s desires.”
The new voting module will initially be non-binding, designed to help Swarm token holders become familiar with how voting and governance works on the platform. Items on the ballot include a survey of which types of investment opportunities the community would like to see on Swarm. Voting is now live on vote.swarm.fund
“Swarm provides the perfect use case for blockchain-based voting,” says Max Kaye, SecureVote co-founder. “We are pleased to provide the vehicle through which Swarm’s users can help guide the governance of its platform.”
Other new features on the Swarm Asset Management Network Alpha include the integration of a ballot discussion module, a new claim process for airdropped SWM tokens, and a real-time optimised coin price integration based on input from multiple exchanges around the world.
Swarm is designed to make traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the Swarm by pooling together smaller investments into larger, institutional-sized blocks. Swarm gives fund managers access to capital from a new class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. By leveraging Artificial Intelligence and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of funding built in.