Decentralized exchange Switcheo (SWH)[NEP-5] announces v2, SWH token surges +25%

[ahirice]

The decentralized exchange, already live and the main competitor to NEX announced an upcoming update, with several improvements:

• New and Improved Transaction Window – This will allow users to see a full breakdown of orders/trades. Including; time and date details, ability to see all trading pairs (rather than just the current pair). As well as a toggle option between trades to show all trades, open trades, completed trades and cancelled trades.
• Immediate Trade Confirmations  – Currently it takes around 30-60 seconds to confirm a trade. With the new version Switch have made some improvements, now “all trades will be executed and confirmed immediately as long as you have sufficient tokes in your contract balance”.
• Deposit Flow – Users will be able to choose an amount of tokens they wish to deposit into their contract balance, these tokens can then be used for instantaneous trading.
• Public Bot API – Together with the new smart contract, Switcheo have reworked their backend API’s to allow external parties to to build transactions and have them broadcasted. This should significantly improve trading volume I the long term.

The news drove a nice run on the token (SWH) price.


Were you in? If not don't worry, it's probably not too late. The news is fresh (2-3 hours ago), let is settle a bit and other investment opportunities will arise. The price is getting close to the ATH, so wait a bit.

Edit: Here is a much more detailed post about the update, written by Jack Yeu the co-founder of Switcheo. It features a preview of the new transaction window:

[altcoingamer]

It seems pretty good, the interface seems a bit generic but in the DEX universe Its probably atleast average.  DEX and DEX protocols will be how everything is traded I think in the future.. lots of competition though.. from 0x protcol led things like totle, to loopring, to this to blocknet to Kyber.. let the wars begin!

[ahirice]

It seems pretty good, the interface seems a bit generic but in the DEX universe Its probably atleast average.  DEX and DEX protocols will be how everything is traded I think in the future.. lots of competition though.. from 0x protcol led things like totle, to loopring, to this to blocknet to Kyber.. let the wars begin!

I used it for some NEP-5 trades (NEO, ONT, GAS, SWH, TKT) and it works very well! The only two things I would ask for are already WIP:
- Ledger Nano S integration
- Faster transaction (v2 update)

We'll see how Switcheo fare once the Neon Exchange is out but I think there is more than enough room for the two!