Switcheo Exchange lets you trade any NEP-5 token with NEO and GAS immediately.
Switcheo manages the entire trading experience on-chain, giving you the experience of a centralized exchange with the security of a decentralized exchange.
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.
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 a true Decentralized Exchange, Switcheo will launch with a native NEP-5 token as well.
16 Mar 2018, 1PM (SGT)
SGT = Singapore Time (UTC+8)
750,000,000 SWH (75%)
200,000,000 SWH (20%)
1 NEO = 4250 SWH | 1 GAS = 1187.5 SWH
(Price is pegged to USD price of NEO=$68 | GAS=$19)
Switcheo Tokens will be used as the base token for cross-chain swaps. All operations on the Switcheo Network will accept the native token.
SWH tokens will be an additional base trading pair on the Switcheo Exchange besides NEO and GAS, to provide high liquidity to the token.
Switcheo Tokens can be used as payment for a 50% discount on fees on Switcheo Exchange. Tokens used this way are burnt when collected.
Switcheo Wins CoZ dApp competition #1
TestNet Launch of Switcheo Exchange
MainNet Launch of Switcheo Exchange
Main public release of SWH tokens
SWH tokens become transferrable
Launch of QRC20 tokens trading
Launch of ERC20 tokens trading
Launch of cross-chain trading
Vice President, Global Client Solutions APAC
Director, Advocate & Solicitor, Taylor Vinters Via
Founding Partner at NEO Global Capital (NGC)
Switcheo is a Decentralized Exchange (DEX) built on the NEO platform. It allows for the trustless exchange of NEP-5 tokens and may expand to other cross-chain tokens in the future.
There are many benefits of trading on a decentralized exchange. A few examples are
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 Tokens traded appears in your wallet as soon as the trade is complete (and funds withdrawn from the trading smart contract).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.
Neo is a Smart Economy platform that uses blockchain technology to digitalize assets. Read more about NEO here: http://neo.org/
NEP-5 Tokens are tokens minted on the NEO Blockchain.
Unsold SWH Tokens will be burnt.
0.0% - 0.5% on both sides depending on market conditions.
At this moment, NEX is focused on the NEO ecosystem and improving it as a whole, while Switcheo Network has a stronger focus on user experience and aims to be cross-chain compatible as quickly as possible; Work on the Qtum blockchain has already begun.
Switcheo also believes that there is space for more than one DEX per blockchain in the ecosystem. The winner in the DEX race will likely be the one with best usability and marketability, rather than pure technical superiority.
It is also possible that the DEX with lower liquidity will eventually combine order books, which should be possible due to the decentralized nature of the exchanges.
We cannot comment about other technical or usability differences as there is no product demo yet for NEX.
The SWH token will be listed on the Switcheo Exchange after 16th March 2018.
SWH tokens will be tradable no less than 3 days after the Public Sale of tokens.
12th Feb 2018.
SWH tokens are USD pegged at 1 SWH = $0.016 USD
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.
SWH Tokens will be on sale at Switcheo Exchange on 16th March 2018.