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Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => NEO Forum => Topic started by: ahirice on May 04, 2018, 02:59:23 PM

Title: Decentralized exchange Switcheo (SWH)[NEP-5] announces v2, SWH token surges +25%
Post by: ahirice on May 04, 2018, 02:59:23 PM
The decentralized exchange, already live and the main competitor to NEX announced an upcoming update, with several improvements:

Quote
  • 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.
(https://image.ibb.co/j2tFin/swh_price.png])

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 (https://medium.com/switcheo/switcheo-weekly-round-up-3-switcheo-exchange-v2-0-3bc9f59221f5), written by Jack Yeu the co-founder of Switcheo. It features a preview of the new transaction window:
(https://cdn-images-1.medium.com/max/880/1*pOhKzvqG4vxlT3MaRMtnFA.jpeg)
Title: Re: Decentralized exchange Switcheo (SWH)[NEP-5] announces v2, SWH token surges +25%
Post by: altcoingamer on May 06, 2018, 08:31:24 PM
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!
Title: Re: Decentralized exchange Switcheo (SWH)[NEP-5] announces v2, SWH token surges +25%
Post by: ahirice on May 07, 2018, 11:26:40 AM
Quote from: altcoingamer on May 06, 2018, 08:31:24 PM
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!