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Investment Signing Ceremony: Draper Dragon invests in SwftCoin


DraperDragon Digital Fund just announced its investment in SwftCoin, the next generation cross-chain cryptocurrency transfer platform. DraperDragon is a core member of Draper Venture Network, previous investments of the Draper’s include Tesla, SpaceX, Twitter, Hotmail, Skype, AngelList, Tumblr, Baidu, Coinbase, Bancor, UnikrnCo, etc.






Investment Signing Ceremony: Draper Dragon invests in SwftCoin

The signing ceremony for Draper Dragon's investment in SwftCoin was held today at Draper University Hero City, Silicon Valley. Andy Tang, Draper Dragon Managing Director, and Alex Witt, SwftCoin CFO, signed the investment agreement.

DraperDragon is a core member of the Draper Venture Network, previous investments of the Draper’s include Tesla, SpaceX, Twitter, Hotmail, Skype, AngelList, Tumblr, Baidu, Coinbase, Bancor, UnikrnCo, etc. “We are happy to have this strategic partnership with SwftCoin, as part of contributing to the blockchain ecosystem’s development,” said Andy Tang.

“There is an extraordinary amount of friction between exchanges, giving rise to significant processing fees and time wasted. This is our opportunity to build a profitable business that forwards the blockchain ecosystem.,” said SwftCoin’s CFO. “Cryptocurrencies, however, are just a start for us. Eventually, we want to leverage our blockchain and AI technologies across fiat currencies in different countries. Our approach is consistent with the spirit of the blockchain community. By contrast, Ripple is creating a closed network with traditional banks. As the founder of Bitcoin Gold (BCD), Liao Xiang, said, ‘SWFT will become a worldwide transfer protocol.’”

Within a very short time after launching in August 2017, SwftCoin has already listed on eight major exchanges: HitBTC, Houbi.pro, Okex, OEX, Badd, Coinbene, Flitb, and Acoin. On the first day trading on Huobi.pro (January 8, 2017), once the largest cryptocurrency exchange, SwftCoin (code: SWFTC) quickly dominated the number one position in the “New” section for both BTC and ETH trading pairs. The average daily trading volume of SwftCoin has already hit 500,000,000 and is ranked on CoinCapMarket. Some people are speculating that SwftCoin soon will be the strongest competitor to Ripple, the third largest cryptocurrency.

Along with its next generation AI-enabled transfer platform, Draper Dragon’s strategic investment will propel SwftCoin to the next level, facilitating partnerships with commercial players, cryptocurrency exchanges, and blockchain-enabled companies.

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Monday, January 15th 2018
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