SWITCHEO: Building The Best Decentralized NEP-5 Tokens/Cross-chain Platform

Switcheo is a Decentralized Exchange being built for NEP-5 tokens on the NEO protocol that allows you to trade all NEP-5 tokens and NEO as the base pair. Transaction fees can be paid using NeoGas.

Switcheo is a hybrid DEX, having plans to integrate QTUM tokens in the exchange. Switcheo will be one of the very first DEX to integrate tokens from two different blockchain in a single platform, some sort of atomic swap features and functions.

Switcheo is to NEO blockchain what ForkDelta is to Ethereum blockchain. Switcheo will be the peoples’ exchange for NEP-5 tokens; with it friendly UI and simplified trade algorithmic system that’s easy to understand even by Newbies.

Switcheo will manage the entire trading on-chain giving you the experience of a centralized exchange and the security of a decentralized exchange, thereby having experience the best of both systems.

Despite the centralized feel you have trading on Switcheo, you will still be in full control of your funds, eliminating the possible loss of funds in the advent of a hack. It can’t be hacked as every trade will be done on your device, and your private keys are never stored on their servers, giving you full control over your funds as it is with NEO GUI or NEON wallet.

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 as soon as they’re unlocked. This makes it easier to make fast transactions while exchanging your NEO for NEP-5 tokens and vice versa.

Native Token
Switcheo will launch its ICO and create its own native NEP-5 token on the 16th of March, 2018.

Switcheo Token (SWH) will be used as the base token for cross-chain swaps. Exchange fees will be distributed to SWH holders when staking begins, giving holders the opportunity to share in its profits from transaction fees. SWH token will have its own market and used as base pair while trading on Switcheo Exchange besides NEO and GAS markets, this will help to provide high liquidity to the token, and it will be used as payment for a 50% discount on fees on Switcheo Exchange, thereby driving demand for it and increasing its value.

Meet the TEAM:

For more info: Visit the following,

Website: https://switcheo.network

Reddit: https://www.reddit.com/r/Switcheo/

Telegram: https://t.me/switcheo

Medium: https://medium.com/@switcheo

Twitter: https://twitter.com/switcheonetwork

What are your thoughts on this great project? Will be waiting to hear them..