The Swapzilla Technical Details
INTRO
Cryptocurrency via the blockchain has changed the world of financial technology forever. The list of its applications has shown that it can achieve a high level of transparency and security. The technology combines unique features that make it one of the foundations of the new economy: anonymity of users;full availability of transaction information;complete impossibility of hacking or tampering with data due to decentralization;no third party is required to certify transactions; all matters are regulated only by two parties;record of transactions is stored in the registry for all users and are updated for all at the same time.
The first main application of the blockchain technology was a cryptocurrency — Bitcoin. Its emergence has revolutionized payment systems around the world, allowing people to easily, quickly and safely make international transactions with minimal commissions. Then Ethereum had a fantastic success, presenting the ability to generate tokens (ERC201), create
DAOs and apply smart contracts.
Over the past few years, the blockchain technology has reached an incredible popularity and attracted the attention of the general public. The practical use of the blockchain is no
longer limited to payment systems. New areas of its development are the transformation of business models, process optimization and the integration of technologies into
existing businesses:
SWAPZILLA
SwapZilla is a unique infrastructure solution, that creates value for each and everyone of our clients and partners. Through our platform, users will be able to get access to almost all crypto assets. The exchanges will be able to multiply their client base and get an additional source of income.
Business Model
By providing our customers with the best integrated service in the market, we will be able
to receive stable diversified incomes and distribute them among our investors.
The SwapZilla platform will have 5 main sources of income:
Commissions
SwapZilla will earn commissions on transactions through the platform. Platform users will have to pay commissions that are significantly lower than the market average — 0.1%, of which between 0.02% and 0.05% will be transferred to partner crypto exchanges and the remainder will be kept by SwapZilla. The users will pay low commissions because of
aggregation of orders and the internal clearing system.
Margin trading
Traders will be able to create orders for the required size of leverage, and the owners of coins and tokens will lend them their assets. SwapZilla will provide both parties with all the
necessary infrastructure and an integrated risk management system for the borrower. We will charge a commission of 15% on the loan interest.
Mirror trading
The platform participants will be able to track and automatically repeat the transactions of
successful traders. When mirror trading strategy will bring positive returns, SwapZilla will take 15% commission.
Arbitrage deals
When traders will use our arbitrage strategies, the platform will charge 15%, on the profits
made.
Off the Shelf strategies
SwapZilla will get 10% from the sales of trading strategies.Our products will provide the platform with a steady increase of revenue, reaching $ 88.8 million by 2026. The SwapZilla’s revenue will be used to pay for the commissions of crypto exchange partners (about 15%, starting from the third year of the platforms operation). In order for the owners of SwapZilla tokens to receive a steady stream of income, 30% of the company’s revenue will be sent on token dividends, regardless of the costs incurred by SwapZilla. The distribution of dividends will be automated using the smart contract, which
ensures timely payments to SWZL tokenholders
Technical Base
To create a platform that provides the highest level of transaction speed, security, and fault
tolerance, we use industry best software development practices. Our team has significant
experience in Fintech, information security, and high availability systems, which will allow
us to provide the user with high quality product.
The SwapZilla trading platform will be able to process more than 2 million orders per second. It will be integrated into a scalable environment with middleware for processing big data to cope with any load peaks. Most of the computing will be performed in cloud services, which will allow our platform to respond flexibly to changes in computing needs. As a result, we intend to ensure an average level of delay at the rate of the best modern stock exchanges (milliseconds to execute the order).
For the development of the main components of the platform, we use Django / Python, this
gives us high speed and quality of development. It also suits best for the requirements of
working with the high traffic. The client side of the platform will be developed using Vue.js.
We will provide high performance when working with databases using PostgreSQL and Redis, as well as Amazon cloud solutions.
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