SWAY meaning in Cryptocurrency ?

Answer:

What Is Sway Social (SWAY)?

Sway Social is the first social protocol for Metacreators that uses NFTs to translate social capital into an asset class. This allows anyone to monetize their Metaverse on their terms.

Every building block in Metaverse (game item, avatar, collectible, social media post, land title, etc.) is an NFT. Behind every NFT creator is a community that establishes the value of creator's social capital.

In traditional Web 2 social media platforms, the number of ‘Likes’ or ‘Followers’ is directly correlated to their earnings power. Creator is primarily valued by the number of followers he can engage with.

Sway introduces a web3 equivalent model where social capital is translated into an asset class. Instead of ‘following‘ a creator, participants can stake with their creator pool. Value is established based on the pool participation TVL. Stakeholders are providing a social underwriting facility for creators through a subDAO.

How Does It Work?

The core component of Sway Social are creator pools.

Just like with the more familiar liquidity pools, they require value to be locked in a form of a stake that will later yield rewards. But instead of deriving value from pool’s performance, they use the performance of the creator’s NFTs as the generator of value.

With creator pools, both the value of your stake and the queue position matter. The first position in the pool gets the most favourable terms and yields better rewards. As new people join the pool your position gets moved up the curve, however, the staking queue distribution is maintained at all time and adheres to a mathematical formula.

Based on the creator adoption mining, additional 100,000,000 tokens will be released in the future. Tokens get mined as new creator pools are established and the number of participants in a creator pool determines the amount of distribution received.

The SWAY token is required to establish a pool with an initial stake. Any further stakes can be either in SWAY or in a currency pair with SWAY.

reference

Full Form	Category
Smiths Wood All Yours	Business
Saying What Affects You	Community
South West Artistic Youth	Community
Sudbury Wembley Alperton Youth	Community
Survey of War Affected Youth	Community
South West Atlanta Youth	Community
Southwest Washington Advocates for Youth	Community
Sway Social	Cryptocurrency
South West Art Yarn	General
Sounds Words and Yarning	General
Smart Warm Authentic Yoga	General