About Switcheo Network
Switcheo Network paves the way for a trustless and secure trading experience with smart contract and modern trading features.. To enable trustless transfers across blockchains in a practical manner. Delivering a world-class trading experience without compromising on trustlessness.
Switcheo Network is a Decentralized Exchange to be built on top of multiple popular blockchains to facilitate the exchange of digital assets. It will first be launched on the NEO blockchain and will include digital assets such as NEP-5 tokens (e.g. RPX, QLC) and future NEP-X tokens, and NEO’s system assets such as NEO and GAS.
Trade settlements are done peer-to-peer via interaction with smart contract(s). 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.
|Exchange name||Switcheo Network|
|Number of currencies handled||Over 55 types|
Switcheo Network Account Registration Method
- First, click “Sign Up” in the upper right corner from the Switcheo Network top page
- Then set up your email address and password.
- After setting the mail address and password, click “Get code”
- Since an e-mail code is sent to the registered e-mail address.
- If you click “Get code”, there is a time limit of 60 seconds, so let’s input within 60 seconds.
- Finally, check the agreement of the terms of service and check “Sign Up” and register your account with Switcheo Network.
Security Above All
Switcheo Network exchange is compliant to the highest security standards and your private key never leaves your browser.
Innovation at Our Core
The dedicated team is constantly designing new ways to enhance your trading experience.
You Are in Charge
Be in full control of your funds. Trade by simply connecting your wallet.
We Listen to You
They are available 24/7. Speak or ask us anything through our support service. We leave no questions unanswered.
On centralized exchanges, most of the functional logic and data are performed and stored on their own servers. Switcheo’s main operations, however, are mainly executed by a smart contract residing on NEO’s decentralized blockchain.
There are 4 core components that make up the Switcheo DEX:
● A front facing user interface that interacts with the smart contract
● Custom blockchain nodes to log smart contract events and interactions
● Off-chain order history database and API
● Broker smart contract
Switcheo team will launch the token contract for Switcheo (SWH) Tokens no earlier than the 16 March 2018 on the NEO Blockchain as a NEP-5 Token. 1,000,000,000 SWH Tokens may be minted in total, and no additional tokens will be minted in future.
The allocations for SWH are as per follows:
20% (200,000,000 SWH Tokens) will be allocated to the Public Sale;
48.3% (483,000,000 SWH Tokens) have been allocated to Strategic Partners;
25% (250,000,000 SWH Tokens) will be reserved for the Switcheo Team to further incentivize
development of the Switcheo DEX, and the tokens will be vest monthly on a 2 year schedule with a 3 month cliff.
Ease of Use
The key differentiator between Switcheo and other decentralized exchanges is definitely the superior user experience it provides. As mentioned before, the exchange platform showcases a trading interface that is very intuitive. Whether you are an advanced trader or a new investor, you will have the ability to buy and sell crypto at competitive rates quickly and easily.
Safe to use Switcheo Network
Switcheo Network enforces two-factor authentication (2FA) to protect your account. So users have to verify that they actually are the account holder before they can log in. The use of 2FA means you get extra security against any hacking attempts. It also helps in decreasing the risk of identity theft.
Switcheo Network has an informative FAQ and support page that answers the common questions you may have. The support page also offers instructions on how to log in, buy and sell crypto on its various markets. Users with specific inquiries can reach out to their support team which via email or Telegram, which is available 24/7.