Switcheo Network – a new decentralized platform, where you can use NEP-5 tokens. Just like ERC20 tokens, NEP-5 tokens are the main digital assets on the NEO blockchain. They comply with a number of rules, that are defined in the agreement, called smart contracts.
Contents:
- Brief information about the Switcheo Network
- Work on the dapp platform
- Why you should choose the Switcheo Network?
Brief information about the Switcheo Network
Switcheo Network – the decentralized exchange is built on top of many popular blockchains to facilitate the exchange of digital assets. In addition, this is the first NEO DEX (decentralized exchange). It’s a stream of funds, which consists of several stages.
List of some available NEP-5 tokens on the Switcheo exchange:
- Narrative (NRVE);
- Apex (CPX);
- Bridge Protocol (TOLL);
- Alphacat (ACAT);
- THEKEY (TKY);
- Zeepin (ZPT);
- Red Pulse Phoenix (PHX);
- Trinity Network (TNC);
- QLINK (QLC);
- DeepBrain Chain (DBC);
- PikcioChain (PKC).
Periodically, the team improves the user interface, updates the architecture and develops interoperability with QTUM. There is a White Paper document on the platform, with its help anyone can understand the system. There is no Road Map, but there is a blog about the changes on the site.
Work on the dapp platform
To conduct operations on the platform, you need an active NEO wallet. The advantage of DEX is that you can use your own wallet for trading: you don’t need to register a new account.
To start trading you will need to follow these steps:
- Go to the main page of the exchange and select "Log in to wallet".
- Select the option to enter and verify that the wallet is connected. This is done in several ways. Through the “Logged In” button or by opening the “Wallet Balance” tab.
- After the wallet is installed, you can make your first exchange.
- Indicate the SWH amount and price. Check all entered transaction parameters and, if everything is correct, click “Sell SWH”.
Advantages of the Switcheo Network platform:
| Safety | The exchange meets the highest security standards and your key will never fall into the hands of someone else. |
| Innovations | The team is constantly developing new ways to improve the process of the platform using. |
| Simple use | Your funds are under a full control. Trade just by connecting your wallet. |
| Support service | A team of operators is available 24/7. Write in the chat to get an answer to your question. |
Switcheo paves the way for a reliable and safe multi-network trading experience. No registration required. Connect and trade freely.
Why you should choose the Switcheo Network?
The project is quite young, but it allows you to trade with more than 20 different tokens. Trading pairs are initially limited by NEO, GAS and their own Switcheo Token (SWH) currency token. Nowadays, Switcheo doesn’t charge deposits and withdrawals.
The main features of the service:
- the first decentralized exchange in the world to support Nep-5 tokens;
- ease of use;
- quick exchanges;
- regular work to improve the exchange functioning;
- instant feedback;
- an accessible resource library is provided directly by the Switcheo team.
Decentralized exchanges are safer and cheaper than their centralized counterparts. Users control their funds, trading on the Switcheo Network. The smart contract eliminates the risk of loss of funds from the exchange. Thanks to the referral system, you can earn 50% of the trading fees of your friends. In addition, you have a chance to receive a reward from a common pool of $40,000 USD if you invite your friends. Distribution will occur every 3 months.