Hi, crypto-guys! I СyberHamster. It's time to eat. Om-Nom-nom. Today I will talk about a project that is part of the NEO ecosystem and will be an important and useful part of it. To be honest, I really like the strategic approach to building the NEO project, its business and the network that it develops. Their support that they provide to participants in their network, or such an approach to building a business model as low costs - transactions on the network are worth nothing, on the contrary for storing your Neo in your wallet you can get Gas, a token necessary for the life support of the network, which is also traded on exchanges. Neo very often oppose the Etherеum. But they are only the beginning of the path. And we see what kind of work they are doing now, I'm sure their further development will be successful. So, discarding differences in ideology and technical aspects, we will see that to build a strong infrastructure, which the etherium already has. Neo improves the development of client desktop, mobile and web wallets, the support of its tokens by large exchanges (this phase is already under way, I watched it with the example of the first token - red pulse). And they also support projects that will offer users a decentralized exchange of new token with the NEP-5 standard, before listing them on centralized exchanges (analogue of the emher delta for the ERC-20 token). Meet - Switcheo Network.
One of the hallmarks of the project's prospects is the fact that they were included in the top ten winners CITY OF ZION DAPPS COMPETITION.
The City of Zion hosted their first dApps competition to further elevate the NEO community through collaborative engagement. Below are the winners and honourable mentions that we really felt stood out.
The first results of the project activity were DEX for Neo platform (in the future the team plans to issue an exchange for the blockchain QTUM and cross-substitution of QRC-20 tokens).
Switcheo Exchange lets you trade any NEP-5 token with NEO and GAS immediately.
Decentralized Exchange
Switcheo manages the entire trading experience on-chain, giving you the experience of a centralized exchange with the security of a decentralized exchange.
Security of Funds
You are in full control of your funds when trading on Switcheo. Switcheo’s smart contract only does trade settlements. No more loss of funds from exchange hacks
Trade all NEP-5 Tokens
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.
Also, developers see among their priorities improving the usability of decentralized exchange with the help of user experience and improving asset liquidity, using mareting programs and attracting new users, since decentralized exchanges have these problems.
Switcheo Token
As a true Decentralized Exchange, Switcheo will launch with a native NEP-5 token as well.
You may use SWH tokens for a discount on trading fees based on current USD value of the SWH Token over the past 23 hours on our Exchange Platform. SWH will also be used as a base on all trading pairs and is the primary means for cross-chain transfers.
Native Token
Switcheo Tokens will be used as the base token for cross-chain swaps. Exchange fees may be distributed to SWH holders when staking begins.
Token Transactions
SWH tokens will be an additional base trading pair on the Switcheo Exchange besides NEO and GAS, to provide high liquidity to the token.
Exchange Fees
Switcheo Tokens can be used as payment for a 50% discount on fees on Switcheo Exchange. Tokens used this way are burnt when collected.
For more information, please visit Link:
· Web-site: https://switcheo.network/
· Web-site exchange: https://switcheo.exchange/
· Medium: https://medium.com/@switcheo
· Twitter: https://twitter.com/switcheonetwork
· Telegram: https://t.me/switcheo
· Reddit: https://www.reddit.com/r/Switcheo/
This article was created by Tktktk: https://bitcointalk.org/index.php?action=profile;u=1119627
Disclaimer: The article is published for participation in the marketing program. Evaluation expresses my personal opinion and is not recommendation make investment decisions. This analysis is based on open public information and contains conclusions and information relevant to the date of the report.