Review on Switcheo by francis fernandez
Switcheo: a comprehensive ecosystem to safely exchange and trade assets across multiple blockchains
Switcheo is a platform that uses cross-block chain (Ethereum, EOS and NEO) to build a decentralized crypto-assets exchange ecosystem in order to achieve the inclusion of anyone in the commercial management of digital money without restrictions or third-party intermediation.
Token:
The Switcheo platform launched its SWTH token on the market in April 2018. This digital asset is used on the network to generate atomic exchanges, make deposits, withdrawals, make loan settlements and grant promotions and generate rates between the cross-chains that are part of its ecosystem.
Technology:
The SWTH NEP-5 token, in its next updated version, for the execution of all the operations of the Switcheo cross-chain network; makes use of Ethereum's smart contract technology to execute trading operations with the GAS, NEO, DAI and ETH platforms.
Switcheo network utilities:
Due to its character as a DeFi ecosystem and the use of cross-chains, this platform offers multifunctionality in its application:
• Serves as a platform to exchange assets in multiple chains.
• Allows safe deposits and withdrawals.
• It offers an instrument to obtain liquidity quickly.
• It is a platform that serves to carry out asset trading in a reliable and decentralized way.
• It is used to carry out asset staking and obtain good returns due to the compatibility with multiple chains.
• Serves for the execution of financial operations under equity criteria using smart contract technology.
Pros
- Offers a secure interface for trading cryptocurrencies.
- Provides a reliable tool to generate income with multiple strategies (trading, staking, investment).
- Offers a way to market between multiple chains quickly and safely.
- It allows obtaining financing and quick liquidity without interference from third parties
Cons
- It has a fluctuating value of its currency.
