On June 15, 2017 Swarm City released the first hashtag on the Boardwalk, #pioneer

See the code, Swarm City Github

To visit the Boardwalk, enter here

What is a hashtag?

• a smart contract that specifies the context by which users transact on the blockchain

What can a hashtag do within the Boardwalk?

• each hashtag automatically performs commerce functions under certain conditions; like holding funds, exchanging funds, and creating reputation tokens

How does a transaction happen between users within a hashtag?

1. when a request is placed the hashtag smart contract automatically pulls the payout amount from the requester's wallet
2. the funds go into a smart contract
3. others can respond to requests by offering a deposit into the hashtag smart contract
4. the requester finalizes the transaction by selecting a provider, and then signals when the deal is complete
5. the hashtag smart contract sends those funds to the service provider along with their initial deposit
6. reputation tokens are minted for both parties upon completion of the transaction

Where are the funds stored during the transaction before contract completion?

• in a smart contract on the blockchain, the automatic functions of the smart contract take place of escrow agents and payment processors, thus creating a trustless transaction without third party participation

What hashtags are available now?

• #pioneer is the first and only hashtag available for unspecified open commerce as of September 1, 2017

What are reputation tokens used for?

• early adopters receive and hold unique reputation tokens for eternity to reflect thier activity and longevity on the platform

Who can create a hashtag?

• in the next phase of the Boardwalk every user will have the ability to create and maintain a hashtag

How does creating a hashtag work?

1. from the hashtag index screen, select the (+) symbol
2. the hashtag is an Ethereum smart contract that can be created in exchange for SWT to cover the required processing power required
3. the hashtag must have a description explaining the context of expected commerce, a contact link to provide support, and a name
4. set the hashtag fee, which is the fixed amount automatically deducted from all transactions and paid out to the hashtag creator
5. the hashtag creator must also maintain the hashtag using the fees deducted from the transaction and can also allocate fixed amounts to compensate additional hashtag maintainers
6. the hashtag short url is then produced to the hashtag creator and is ready for commerce

**to be continued