switcheo Cryptocurrency

Switcheo Network

(Exchange)
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.

Token Sale Info:

  • Ticker: SWH
  • ICO Start: March 16th, 2018
  • ICO End: March 23rd, 2018
  • ICO Token Price: 1 SWH = $0.016 USD
  • Bonus: Yes
  • Platform: NEO (NEP-5 Token)
  • Accepts: NEO, GAS
  • Hard Cap: $8,700,000 USD
  • Total Token Supply: 1,000,000,000

SWITCHEO (SWH) TOKEN:

Switcheo team will launch the token contract for Switcheo (SWH) Tokens no earlier than the 16th of 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; and
  • 6.7% ​(67,000,000 SWH Tokens) will be reserved for Marketing Campaigns & Official Partnerships.
BASE TRADING PAIR - SWH Tokens will be added as a base pair while trading on the Switcheo DEX through the Switcheo UI.

SUBSIDISED TRADING FEES - SWH Tokens can be used to subsidise trading fees on the Switcheo DEX by 50%. Users may toggle this option in the trading UI. SWH Tokens will be burnt when they are used to pay trading fees.

USED FOR CROSS SWAP - SWH Tokens will be used as the base token when doing cross swaps to other chains in future.

SWITCHEO ARCHITECTURE:

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

Roadmap:

  • Q4 2017 - Switcheo MVP Demo
  • Q1 2018 - Launch of Switcheo DEX for NEO, GAS & NEP-5
  • Q2 2018 - Launch of QRC20 trading
  • Q3 2018 - Launch of ERC20 trading
  • Q4 2018 - Cross-swap feature using SWH and Wanchain
  • 2019 - Launch of trading for top 5 chains

Team:

Ivan Poon

Blockchain Developer

Henry Chua

Frontend Developer

Sng Ping Chiang

Backend Developer

Jack Yeu

Business Development

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Twitter Feed:

1 day ago
New Kind of Network (NKN) is now live on https://t.co/b23ZJaMO9F!

Do refresh your browser to see the newly listed coin.

#SwitchtoSwitcheo $NEO $SWTH $NKN
2 days ago
https://t.co/xM5q3usz5Z tokens (ACAT) is now live on https://t.co/b23ZJaMO9F !

Do refresh your browser to see the newly listed coin.

#SwitchtoSwitcheo $NEO $SWTH $ACAT @Alphacat_io
2 days ago
Here's our update for the week!

Find out more about:
- Fractional NEO withdrawal,
- Switcheo Exchange v2.0 Status,
- NEP-7
and..our new team members!

Also, @Alphacat_io will be listed later today so stay tuned!

#SwitchtoSwitcheo $NEO $SWTH $ACAT
https://t.co/rqQuy5IS0U
3 days ago
https://t.co/71qsrfpXfI will be listing @Alphacat_io tomorrow, 25th May, 3pm SGT (+8 UTC).

$NEO $ACAT $SWTH #SwitchtoSwitcheo

https://t.co/JltqWjO5pA
5 days ago
https://t.co/40FsksuiAd tokens (AVA) is now live on https://t.co/71qsrfpXfI!

Do refresh your browser to see the newly listed coin.

#SwitchtoSwitcheo #SWTH #AVA

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