[Switcheo Network] WHEN THE POWER OF HACKER IS GREAT, THE DECENTRALIZED TRADING PLATFORM WILL BE CROWNED

longnam (32)in #cryptocurrency • 8 years ago (edited)

2017 is a year where virtual currency walks into its spectacular arena, the industry’s remarkable growth has led to the emergence of many centralized exchange, but also became a chocolate candy. Online thieves, with a series of attacks and hundreds of millions of dollars stolen (Coincheck, Youbit, etc., or most recently Binance) set the alarm bell for money investors’ crypto.

But with the emergence of the new transaction platform: Decentralized Exchange, the balance will once again balance, users manage their own funds and keep their secret keys more secure than traditional deals. The first forms appeared for the ERC-20 platform such as IDEX or Etherdelta, and today we will be coming to the NEP-5 representative, which is SWITCHEO.NETWORK

What is SWITCHEO.NETWORK?

They claim to be the most advanced NEP-5 centralized exchange built for NEO cards. Similar to other decentralized exchanges that exist, SWH has the intent to create a swap where users can safely trade all of the NEP-5 tags while retaining control of the their cards at all times. At the same time, Switcheo wants to implement some of the features of centralized exchange, allowing users to enjoy the benefits of a hybrid infrastructure. And the long-term vision is that before the end of 2018, Switcheo also aims to enable the distribution of ERC20 and QRC20 decentralized cards.

Switcheo will also have its own native tokens. The token sale to switchers, or SWH tokens, is scheduled to begin on March 16.

Their system is now operating more stable and more attractive as they will launch Mainnet in February.

How Does the Switcheo.Network Work?

The Switcheo Exchange provides the following core services and features:

Decentralized Exchange:
Switcheo manages the entire trading experience on-chain, giving users the experience of a centralized exchange with the security of a decentralized exchange. Users can retain access to their funds during the trading process while still enjoying the benefits of centralized management and trade matching.

Fund Security:
You are in full control of your funds when trading on Switcheo. The Switcheo smart contract only does trade settlements, so there’s no risk of losing funds due to exchange hacks or other security issues.

Trade All NEP-5 Tokens:
Switcheo’s Dynamic Call function allows new NEP-5 tokens to become available to trade as soon as the ICO ends. This allows you to trade your tokens on demand.
And all for one ultimate purpose, maximum safety and convenience for the user, you can have the best exchange rate, the money is still in your pocket and always the earliest exchange. What’s more amazing?

Who’s Behind Switcheo?

Switcheo’s team includes four developers and three advisors. The developers include:

Ivan Poon (Blockchain Developer)
Henry Chua (Frontend Developer)
Sng Ping Chiang (Backend Developer)
Jack Yeu (Business Development).

Switcheo has partnered with NEO Global Capital as a strategic partner.

Switcheo SGT ICO Details:

Switcheo Tokens (SWH) will be sold on March 16, 2018. 200 million tokens will be sold during the token sale.

The price of SWH tokens is set at a rate of around 1 NEO = 5,500 SWH tokens (the price is pegged to the USD price of NEO and will change as the ICO approaches, although it will always be pegged at 1 SWH = $0.016 USD).

Of the remaining tokens, 48% is reserved for a private sale, 25% for the Switcheo team, and 7% for partnerships and marketing.

Switcheo has set a hard cap of $3.2 million USD for its public sale.

Let’s look at how the pennies of Binance and Kucoin are rising. This will be similar, and is in decentralized exchange, which in itself is very interesting concept and is the future in my opinion.

Contact Info:

🌐Website: https://switcheo.network/

💡Whitepaper: https://www.switcheo.network/switcheo_whitepaper_v1.0.pdf

💻Telegram: https://t.me/switcheo

💰 Twitter: https://twitter.com/switcheonetwork

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