BlockchainBrad chats with Switcheo founder Ivan Poon about his Switcheo DEX. But what is it? Switcheo is a Decentralized Exchange (DEX) built on the NEO platform. It allows for the trustless exchange of NEP-5 tokens and may expand to other cross-chain tokens in the future.
Switcheo lets you trade any NEP-5 token with NEO and GAS immediately.
Trade all NEP-5 Tokens
With Switcheo’s Dynamic Call function, new NEP-5 tokens become available to trade as soon as ICO ends. This lets you trade your tokens on demand!
Instant Trading and Withdrawals
At Switcheo, you can trade directly from your wallet file. No more worrying about deposit times and hidden fees!
SWITCHEO ARCHITECTURE:
On centralized exchanges, most of the functional logic and data are performed and stored on their own servers. Switcheo’s main operations, however, are mainly executed by a smart contract residing on NEO’s decentralized blockchain.
There are 4 core components that make up the Switcheo DEX:
A front facing user interface that interacts with the smart contract
Custom blockchain nodes to log smart contract events and interactions
Off-chain order history database and API
Broker smart contract
Roadmap:
Q1 2018 – Launch of Switcheo DEX for NEO, GAS & NEP-5 (done)
Q2 2018 – Launch of QRC20 trading
Q3 2018 – Launch of ERC20 trading
Q4 2018 – Cross-swap feature
2019 – Launch of trading for top chains
Links:
https://switcheo.network/
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