Switcheo: The most trusted Decentralized Exchange (DEX) built on the NEO platform

hogyny (28)in #blockchain • 7 years ago

Switcheo:
what is switcheo Switcheo is a Decentralized Exchange (DEX) built on the NEO platform. It allows for the trustless exchange of NEP-5 tokens and may expand to other cross-chain tokens in the future.

The Uniquesness of Switcheo Exchange:

There are many benefits of trading on a decentralized exchange. A few examples are

A decentralized exchange does not hold trader's funds, so you maintain full control over your funds while trading. Tokens traded appears in your wallet as soon as the trade is complete (and funds withdrawn from the trading smart contract).

Trading on a decentralized exchange ensures anonymity, as your information is not stored by the exchange.

The most advanced NEP-5 Decentralized Exchange built for the NEO Platform that allows you to trade using NEO and allows you to pay transaction fees using NEO Gas. They also plan on supporting QTUM tokens.

Remember the name Switcheo because it’s the next best thing with a bang. Think about EtherDelta for NEP5 tokens but actually a great exchange that’s easy to understand even for a Newbie. I see HUGE potential here.

Switcheo manages the entire trading experience on-chain, giving you the experience of a centralized exchange with the security of a decentralized exchange that means absolute control for you.

What traders and investors benifit of this decetralize exchange made me wahoo and mavel:
When trading on Switcheo, you’re in full control of your funds and no more loss of funds from Exchange hacks. Switcheo’s smart contract only does trade settlement like make payments for Withdrawal fees. It can’t be hacked as every trade will happen on your device and Switcheo won’t store Your private key on their servers.

With Switcheo’s Dynamic Call function, new NEP-5 tokens become available to trade as soon as ICO ends. This lets you trade your tokens on demand and such tokens includes Zeepin, Red Pause and every other upcoming NEP-5 tokens. This makes it easier to make fast Transactions while Exchanging your NEO for NEP-5 tokens and also secure all your tokens in your NEO wallet.

Roadmap:

Switcheo also believes that there is space for more than one DEX per blockchain in the ecosystem. The winner in the DEX race will likely be the one with best usability and marketability, rather than pure technical superiority.

Token analysis:

Switcheo will also be launched with it’s own NEP-5 tokens on the 16th of match, 2018
Switcheo Tokens will be used as the base token for cross-chain swaps. Exchange fees may be distributed to SWH holders when staking begins. SWH tokens will be an additional base trading pair on the Switcheo Exchange besides NEO and GAS, to provide high liquidity to the token and it can be used as payment for a 50% discount on fees on Switcheo Exchange. Tokens used this way are burnt when collected.

Team: