Review on Swingby by Stephen Toluwani

Name: Swingby
Item: Swingby
Rating: 4

May 17, 2021

Secured Interporability between Bitcoin to Ethereum

I﻿ have seen Swingby a lot of times. As a coin that trades on KuCoin which I use regularly, I began my research into the project. Seeing through how this project works, one can say, as of times past, this project would have been the number one Crosschain bridge for Bitcoin to Ethereum. I decided to use a past tense due to the fact that there is a lot of projects that have been built for this very same purpose. Though one might find Swingby more attractive given the fees it charges and the returns it provides. One reason why I preferred to use Swingby after learning about it is the thing with Slippage. There is simply no Slippage on any swaps a person conducts. This gives me the same value for me money. 
The procedures that are involved in making swaps, (or bridges if you will prefer), are quite simple. ﻿You make your transfer to the address they specify and you get credited to the address you indicated for receipt. I am quite really not into this project due to the fact that only Bitcoin is the only thing to bridge here. More networks should be added if they really want to stay relevant in the field of interporability chains. Though I have to give it to them for their security apparatus on its network, being distributed, issues of loss is neglected. Mainly when I want to make my BTC to WBTC, I use Swingby, am sure you will appreciate using it too
﻿

Pros

Swingby allows for Crosschain swaps supporting Bitcoin translocation to the Ethereum Network
Staking service for Swingby is available on Bitmax with APR reaching up to 60%
Swingby is a very much distributed network, using a PoS system, no single entity controls a bulk of the whole network
Upcoming launch of the Swingby mainnet allows for profit distribution mechanism, increasing volumes culminates into more APR for the Masternode staking
Users can also pool their Bitcoin and WBTC to get a 10% APR

Cons