The new version of Switcheo Exchange, which lets users trade any NEP-5 token with NEO and GAS immediately, has been released recentlyon February 21, 2018. The users of the exchange are now able to see if someone beat them to the order within the same block, in which case, automatic retries will happen, and additional gas can be paid for priority to prevent that from happening too often.
The next day Switcheo Team has announced it’s strategic partnership with NEO Global Capital.
SwitcheoNetwork and Neo Global Capital Partnership
In the future, Switcheo plans to add such feautres as market sells, and trading on other blockchains.
Current features of the exchange:
- Decentralized Exchange: Switcheo manages the entire trading experience on-chain, giving users the experience of a centralized exchange with the security of a decentralized exchange
- Security of Funds: Users are in full control of their funds when trading on Switcheo. Switcheo’s smart contract only does trade settlements. No more loss of funds from exchange hacks
- Trade all NEP-5 Tokens: With Switcheo’s Dynamic Call function, new NEP-5 tokens become available to trade as soon as ICO ends
Moreover, Switcheo announced that it will launch a native NEP-5 token on March 16, 2018 at 8PM (SGT), with the price of 8 908 SWH for 1 NEO. All in all, 200,000,000 SWH tokens will be sold to the public for a hardcap of $3,200,000 USD.