Energy consumption has become a very important issue for consumers, with 2022 seeing a spike in energy bills and inflation. This has led some venture capitalists to try to find novel solutions to the energy crisis.
Smart World Union, or SWU Coin for short, alleges that they might have some ideas about how to help.
So what is SWU Coin, how does it work, and can they really address the elephant in the room? Will utility token SWU Coin improve its price?
Let’s find out.
Table of Contents
Utility Token SWU Coin: The Basics
SWU Token is a French-based utility token found on the BNB Smart Chain.
This token hopes to use blockchain technology to create new, potentially more efficient ways for people to pay their bills in France and hopefully other EU countries in the future.
But that’s just what the SWU coin is, but what is it really for?
Utility Token SWU Coin Use Case: What’s It For?
Energy usage has become a serious issue in many Western countries.
In France in 2022, it was noted that energy prices increased by an average of 15% and would have continued to spike had the government not intervened. Bills are up, and people are looking for alternatives.
SWU Coin advertises itself as an alternative way to pay bills that allows for more conscientious energy usage.
The idea behind SWU Coin is that you can pay things like your phone, energy, or gas bill with the SWU token, just as long as your provider is part of the Chez Switch ecosystem.
The theory is that, via the transparency of the BNB Blockchain, the energy system can be made more efficient and perhaps pass those savings onto their customers.
But barring that, you can just stake SWU tokens for some passive rewards.
Utility Token SWU Coin Price
At the time of writing, the SWU token coin price was sitting at around $0.004501.
This is a rather steep decline from the all-time high of $0.156932.
How to Buy SWU Coin
Smart World Union is found on the BNB Smart Chain (BEP20), and that means buying the coin is pretty straightforward.
But let’s walk you through the steps.
So first off, we have to find a place to be able to buy SWU coins.
A great place to find this information is CoinMarketCap, and you can find SWU’s page here.
It will look something like this:
If you look down towards the bottom left-hand corner, you will see the option for “Markets.”
Select this option.
Once you do, it will show an up-to-date list of different places and ways that you can buy SWU Coins and even tell you how trustworthy they are.
As you can see, BitMart is going to be your primary choice, so select the trading pair SWU/USDT.
This will bring you to a page that will look something like this.
This is the SWU/USDT trading page. Here, you can see all of the relevant data that you can use to make the best possible trade.
But to actually be able to make that trade, you’re going to have to set up a profile with BitMart.
This will require you to register an account, provide some KYC information about yourself, and wait for verification. This can take a few hours, sometimes up to a day or two.
Once you’ve been registered, you are then free to send some USDT to your new BitMart profile and trade it for some SWU coins.
Utility Token SWU Coin Price Prediction
The elephant in the room when it comes to the SWU Coin is its rather drastic fall in value, and many SWU token holders are likely wondering where things might go in the future.
So in this section, we are going to talk a little about the utility token SWU price prediction.
As we go through 2023 and move towards 2024, it’s wise to take a look at different macroeconomic events that are ongoing that could, in theory, affect the broader crypto ecosystem as a whole.
That means things like the energy crisis sparked by the Ukraine conflict will impact energy usage and increase costs.
Given that SWU is an energy token based in France, this is another good place to focus our analysis.
Additionally, France voted for stricter control over crypto assets in 2022, which will generally be rolled out through 2023 and 2024. One of the areas that will likely be affected is the crypto-mining industry, which will become more heavily regulated and taxed.
Trying to make predictions when there are so many factors at play makes accurate predictions difficult. But in light of the coin’s focus and its poor performance to date, SWU Coin has a steep climb ahead.
How to Spend Utility Token SWU Coin
Today, spending a utility token like the SWU Coin really couldn’t be easier via services like CryptoWallet.com.
CryptoWallet.com has its very own CW Card. Think debit card, but for crypto!
With the CW Card, you can spend any of the 800+ cryptos available in-store, online, or in person. By simply tapping, scanning, or swiping your person’s CW Card, you can spend crypto instantly at the point of purchase, virtually worldwide.
CryptoWallet.com has announced that it intends to host thousands of cryptocurrencies, and SWU is sure to be one of them.
What’s more, through our very own SPEND Token and referral program, you can take part in the CryptoWallet.com family, vote on upcoming token hosting, and even earn some rewards as you go!
So if that sounds like something you might be interested in, then check out our whitelist found here.