Switcheo is a decentralized exchange built on the NEO platform, allowing trustless trading of NEP-5 tokens, with plans to expand to other cross-chain tokens in the future. Users can instantly trade NEP-5 tokens using NEO and GAS. The SWTH token is Switcheos native exchange coin, available for trading. Additionally, SWTH can be used to subsidize trading fees and cross-chain swaps.
1. Project Background
The Switcheo Network, a multi-chain decentralized exchange, is now available for NEO and NEP-5 tokens. With Switcheo (SWTH token), users can trade directly from their wallet files without worrying about deposit times or hidden fees.
The exchange charges a 0.15% taker fee. When users pay trading fees using SWTH tokens, the fee is reduced to 0.075% (50% discount), and all maker orders have zero fees.
Since Switcheo settles trades on the blockchain, there are no deposit or trading fees. Through the dynamic call feature of SWTH tokens, new NEP-5 tokens can be traded immediately after an ICO ends. This allows you to trade your tokens on-demand.
2. Project Features
First, User Experience:
The founding team has invested significant effort into UI & UX, aiming to ensure that users do not feel any difference between using a decentralized exchange like Switcheo and a centralized one during actual usage.
Second, Cross-Chain Support:
In addition to UI & UX, the teams ultimate goal is to make Switcheo a fully cross-chain-compatible decentralized exchange.
This information is sourced from the Switcheo official website.
Related Links:
https://switcheo.network/about.html