Switcheo is a decentralized Exchange that is going to change the way we buy and sell NEP-5 Tokens, they are tokens that we get from ICOs based on NEO. In my opinion Switcheo could be the EtherDelta of NEO. This will help the people who participate in NEO ICOs a lot.
A decentralized exchange does not hold trader’s funds, so you maintain full control over your funds while trading. Tokens traded appears in your wallet as soon as the trade is complete (and funds withdrawn from the trading smart contract). Trading on a decentralized exchange ensures anonymity, as your information is not stored by the exchange.
An immediate disadvantage when using a centralized exchange is the security risks arising from the centralization of funds. As all funds sent in by users for trading are stored and secured by the exchange, the funds are prone to a single point of failure. For example, the exchange servers could be breached by attackers, or the exchange’s wallet private keys could be lost, resulting in a loss of funds.
TOKEN SALE:
Ticker: SWH Token
type: NEO BLOCKCHAIN
ICO Token Price: 1 SWH = 0.0160 USD
Fundraising Goal: 8,700,000 USD
Sold on pre-sale: 5,500,000 USD (UP TO A 50% BONUS)
Total Tokens: 1,000,000,000 Available for Token Sale: 70%
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.
Switcheo aims to achieve a network of DEX with cross-chain swapping capabilities between multiple popular blockchains such as QTUM (QRC20) and Ethereum (ERC20), with more research being done for upcoming blockchains like Stellar.
Website: https://switcheo.network/
Telegram: https://t.me/switcheo
Twitter: https://twitter.com/switcheonetwork
Reddit: https://www.reddit.com/r/Switcheo/
Medium: https://medium.com/@switcheo