> For the complete documentation index, see [llms.txt](https://www.swipe-faq.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.swipe-faq.com/swipe-cards/iwo.md).

# IWO

## What is IWO?

Like ICO or IEO.  Initial Wallet Offering. So with this, the new projects will get instant liquidity and access to payment globally.  “*Initial Wallet Offering*” (**IWO**) that enables new projects to raise capital in SXP on the Swipe Wallet platform and where **50% of that raise gets burned**.”

## What is Swipe Ignition?

A platform designed for new projects to raise capital and to be listed on the Swipe Wallet app where they get instant liquidity and payment access globally.

## When first IWO coin lauched on Swipe Wallet?

It was launched in January of 2021. The second one will be introduced in February of 2021.

## Can I please explain in detail how to purchase IWO coin?

Download Swipe Wallet and get yourself verified, and also make sure you have SXP to participate.

## Could you please explain how airdrops I can get? I have SXP in my wallet.

Airdrop is for second project on IWO more details will be posted at later stage.

## How many IWO in a month?

We plan to do at least 1 IWO between 1-3 months, this may change to more or less as market changes.

## Do I have to be KYC verified Level 1 or 2 to get in on the IWO?

Level 2 verified and must not be living/residing in an excluded country which is USA/PH/OFAC restricted countries.