SWAPZILLA : ONE EXCHANGE TO RULE THEM ALL THEM
As like every other cryptocurrency trader or user out there,I am faced with the challenge of having to deal with many exchanges,lots of KYC hassle,I have to keep track of multiple accounts and passwords and this is overwhelming.
The current stats from cryptocurrency price listing sites like coingecko and coinmarketcap suggests that there are over 3000+ coins traded across over 250+ exchanges with new coins been added on a daily basis.
Thus for those involved in investing in an ICO,they are obliged to sign up for a new exchange.
The problem stretches beyond just having a plethora of exchanges,it’s difficult to get analytical data,accurate news to take and execute trade decisions,one has to consider monitor twitter, reddit,coinmarketcap,cointelegraph etc.
Swapzilla is an innovation in the cryptocurrency exchange space,it offers a unified solution to the exchange problem by acting as a conduit to these exchanges,it’s like the write once,run everywhere program,you only need to sign up with swapzilla and you can access the hundreds of exchanges that are connected to it.
Current Problems with existing exchanges
1.Listing constraints
The challenge of finding the right exchange(considering liquidity,listing procedures,listing fees,exchange users etc) constrains many cryptocurrency projects to list their coins in new or many known and unknown exchanges.
2.Exchange boom
Category based on ROI
The exchange boom is here,currently according to data from coinmarketcap,there exists over 240+ exchanges. Many factors account for this upsurge in the number of exchanges from increasing token/coins,increasing number of cryptocurrency users etc.
Data from the DappReview shows that less than 100,000 people engaged with decentralized applications and translate less than $10 million dollars per day as against cryptocurrency exchanges that have over 5-6 million daily users with over $20 billions transacted daily across multiple exchanges.
It’s suffix to say that the exchange business and its sister Wallet service are the most used in the crypto space,hence the surge in their prices.
3.Increasing number of coins
Today,there exists a coin or token for almost anything and everything,statistics from most ICO listing websites,there are over 10 new cryptocurrency projects launching on a daily basis.
One is most certain that now single exchange will list all these coins,so with increasing number of coins,so we have increasing number of exchanges.
4.KYC problems
I believe you are no stranger to the KYC menace currently eroding the crypto space,one has to undergo KYC for each exchange they register for.
This is a pain in the butt
5.Exchange problems
The news of cryptocurrency exchange hacks are becoming everyday,wash trading,fake volumes are the order of the day.
Swapzilla solutions
Swapzilla brings into one single place,all exchanges,all tokens,all news media and all other tools.
It’s a one size fit all exchange.
1.Swapzilla news
It will provide an aggregated information on any assets or market segments,also introduce personalized feeds according to each person’s interest and interactions,provide an up to date catalogue of the most recent and result tested strategies,provide expert recommendations and analysis and also provide market signals.
2.Swapzilla Leverage
--- Mirror trading : Even amateur in the platform can start making profit from day one as they can copy the working strategies of professionals.
---It offers other forms of leverage like passive lending for margin trading,passive arbitrage trading etc.
3.B2B players
For individual exchanges,an integration with swapzilla is of utmost benefit to them
There exists an opportunity to get constant influx of new customers,an increase in the volume of their daily transactions and the possibility of decreasing their ads and marketing budget and also increase conversions
No more will they have to deal with
-- customer support problems
--conducting KYC procedures
--constant monitoring of customer reputation
--implementation of technical support
4.Other services
Users get to benefit from a plethora of services like :low trading commissions,internal clearing deals,aggregation of turnover,a large pool of currency pairs to choose from,high speed of exceution etc.
Business Model
Swapzilla is a business and at such knows the value of generating profits,as without such,the business will not be sustainable,to this end the company intends to make profit via commissions,margin trading,mirror trading,arbitrage deals and off the shelf strategies.
Token distribution and IEO
Token distribution and IEO
It’s based on the ERC-20 standard,it will be to facilitate trade on the platform.
The platform is currently running an initial exchange offering
Date : 15.07.2019 - 01.01.2020
Accepted tokens : BTC,LTC,ETH,ETC
Soft cap : $2 million
Hard cap : $27.5 million
Total tokens : 30 million
Learn more
WEBSITE
TELEGRAM