The Swapzilla Essence
INTRO
Crypto trading is going up in volumes1Qll as an opportunity to effectively interact and exchange information and data.
THE OPERATIONS OF SWAPZILLA PLATFORM.
The distinctive workings of the platform are explained here.
Orders will be executed depending on the parameters set by the trader:
- “Day Order” is a direction for the platform to execute a trade at a specific price
that expires at the end of the trading day if it is not completed. The unfulfilled part of the
order is removed. - “Fill or Kill” (FOK) is a direction for the platform to execute a transaction immediately
and completely or not at all. This type of order is most often used by active traders and is
usually for a large quantity of tokens or crypto currencies. The order must be filled in its
entirety or cancelled (killed). - “Immediate or Cancel” (IOC) is an order to buy or sell a crypto asset, that executes all
or part immediately and cancels any unfilled portion of the order. An IOC order is one of
several “duration orders” that investors can use to specify how long the order remains
active in the market and under what conditions the order is cancelled. - “At the same price”
When cross orders take place at the same price, the order is completed at the price and
volume of the other order — the rest is placed in the order queue at the price of the
completed order. - “Cascade distribution order”
By using our platform, the user has a simultaneous access to all the offers on the same
asset on many different exchanges. When buying large quantities of crypto-currencies, the
trader runs into the depth of the market problem — larger trades are less profitable than
smaller trades. In order to solve this problem, SwapZilla development team has developed
an algorithm for cascade distribution of orders among different exchanges to minimise the
costs associated with the sale of large quantity of assets. The system statistically assesses
the “depth of the market” and the probability of buying the given ASSET at a given price on
all connected exchanges. Then, the algorithm “divides” the orders and places them in parts
on different exchanges, eliminating the depth of the market problem.
Such a variety of customizable tools will allow the trader to create many different trading
strategies and automatically close or open positions.
Strategy Creation Module
This module is a trading terminal, familiar to many traders, which allows the user to
develop and test ones own trading strategies, save the best ones and use them in the
future.
Portfolio Management Module
As part of this module, the user will have an access to tools for managing and optimizing
a long-term investment portfolio. The algorithms integrated into our platform will allow the
user to choose the optimal dynamic portfolio structure (asset weights) based on
maximizing its profitability or minimizing risk. The algorithms used, are based on the
methods of statistical analysis of the historical data and on the dynamics of returns of
assets selected by the trader.
Margin Trading Module (getting leverage)
Not all existing crypto exchanges provide users with opportunities for margin trading.
SwapZilla will solve this problem. By using the margin trading module, users will have an
opportunity to increase their income by making deals “with leverage” and to make money
by reducing the value of assets traded (making “short deals”) on any exchanges with the
optimum cost of leverage.
When making such transactions, SwapZilla does not act as one of the parties, but instead
provides the capabilities of the P2P-marketplace, where users make and accept leverage
lending offers themselves. We want this process to be safe for both sides of the
transaction, so we are integrating our own risk control system, which will protect the
platform and our customers from performing very high-risk transaction, and prevent the
losses of funds provided on credit.
SwapZilla, with ticker symbol (SWZL) token will be created based on the Smart Contract of the Ethereum Blockchain.
SWZL owners will have an opportunity to get the share of the income of our trading platform and be able to be the first to take an advantage of new tools and opportunities as they are introduced to the platform. The characteristics of the SWZL tokens make them very similar to bonds) — the holder will receive a stable income from SWZL (similar to coupon income) and in the future will be able to sell them on our site.
The total and final emission will be 30 million SWZL tokens.
IEO
The offer. 27 150 000 SWZL tokens priced at 1 USDT/USDC for 1 SWZL. The minimum transaction amount is $ 1, maximum — all the
remaining tokens.
Date. 15.07.2019 – 01.01.2020
Bonuses. There will not be any bonuses.
How to buy tokens. SWZL tokens could be purchased with BTC, LTC, ETH, ETC.
Soft Cap. $ 2 millions
Hard Cap. $ 27.15 millions (if the hardcap is not reached, the remaining tokens will be
cancelled)
In total, the IEO plans to raise $ 27.15 million, or 90.5% of all token emission, through the crowd sale. When all the tokens will be sold, the tokensale will be considered as successfully completed. All token that are not distributed during the IEO be transferred to the founders of SwapZilla for future distribution.
7% of the SWZL token will be reserved for the team option pool.
2.5% of tokens would be for a bounty program. The program will last through the duration of IEO, tokens will be distributed through the referral system for marketing campaigns like:
Facebook Campaign
Twitter Campaign
Subscription Campaigns on the Bitcointalk forum
Email Campaign
SWZL tokens will be given to the referral program participants. They get 2.5% of the total
amount raised in SWZL tokens.During the IEO process, SWZL tokens will only be available on SwapZilla personal crypto wallets, but immediately after the IEO fundraising is completed, SWZL holders will be able to transfer their token to any other wallets that support ERC20 tokens (MyEtherWallet, MetaMask, Mist and others).The lockup period for ordinary investors will be finished on 2nd January 2020, for participants of the bounty and referral program on 1st February 2020 and for team
members on 15th July 2020.
FUND USAGE
72% will be used for arbitrage turnover, margin trading turnover and initial liquidity for
the platform.
15% of the funds collected will be spent on hiring additional members of the development team, purchase of equipment, the development of the trading system core, as well as the development of the information and analysis module. Significant costs will also be associated with the servers to ensure the fastest possible issuance and execution of orders from our customers;10% will be spent on active marketing - strengthening the marketing team, taking measures to increase the awareness of our platform on the crypto market and
attracting new customers;
3% will go to the legal support of the project and other expenses: the goal is to obtain all
the necessary licenses and permits.
For Swapzilla resources:
Website: https://www.swapzilla.co/
Whitepaper: https://www.swapzilla.co/WhitePaper-eng.pdf
Facebook:https://www.facebook.com/SwapZilla-2335457683242053
Twitter: https://twitter.com/swapzillaco
Reddit: https://www.reddit.com/user/swapzilla
Github: https://github.com/SwapZilla
Medium: https://medium.com/@swapzilla
Telegram: https://t.me/SwapZilla
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2409725
Eth Address: 0x8dC02f9a3255C0cE32536E698447F2E3915AE948