[PRE-ICO][DPOS][DEX] SWAPBLOCKS: Decentralized Interest Rate Swaps

[crazyer1976]

So this SWAPBLOCK will be removing the influence of the middle man, and that will makes the excess fee that usually goes to the middle man will be removed, that way will reduce the excess cost for every transaction.

Yes exactly! It's hard to pinpoint the exact cost of the middleman considering that data is private, but for products like Interest rate swaps, the cost of the middleman is in the $1,000,000 - $2,000,000 range.

Where did you get these prices? What kind of transactions does this apply to? Removing an intermediary does not always lead to savings, because the risks of fraud of the platform itself grow, no one takes this into account.

[1714172901]

1714172901

[1714172901]

1714172901

[1714172901]

1714172901

[gerbas]

About the assets swap capability on SWAPBLOCK, what kind of assets that can be swap using SWAPBLOCK?
will this only function on any coins related with SWAPBLOCK only?

[swapblocks]

About the assets swap capability on SWAPBLOCK, what kind of assets that can be swap using SWAPBLOCK?
will this only function on any coins related with SWAPBLOCK only?

Yes this will only work with assets that are registered on swapblocks or available through ark's smart bridge.

 
Any asset can be added, including pegged assets which can be withdrawn from the issuer

[swapblocks]

Coin distribution has started!  https://explorer.swapblocks.io

[swapblocks]

Discord invite bounty rewards have been increased 10x!!!!


https://bitcointalk.org/index.php?topic=5072899.msg48088141#msg48088141

[Praedium]

Our website has been updated to be light weight and now has links to our explorer and other tools.  Go check it out! https://swapblocks.io

[swapblocks]

Latest update can be found here: https://medium.com/@swapblocks_lance/swapblocks-update-march-2019-97602187ee03

[Praedium]

We've been added to the altilly exchange and the new team members have been added to our website, along with a section on Swapblocks REPO!


https://www.altilly.com/asset/SBX

[Praedium]

So this SWAPBLOCK will be removing the influence of the middle man, and that will makes the excess fee that usually goes to the middle man will be removed, that way will reduce the excess cost for every transaction.

Yes exactly! It's hard to pinpoint the exact cost of the middleman considering that data is private, but for products like Interest rate swaps, the cost of the middleman is in the $1,000,000 - $2,000,000 range.

Where did you get these prices? What kind of transactions does this apply to? Removing an intermediary does not always lead to savings, because the risks of fraud of the platform itself grow, no one takes this into account.

Just now seeing this message, I apologize for not getting to you sooner.  We got these numbers directly from a consulting firm that handles these types of transactions.  Our new focus is on a repurchase agreement platform and we are now working with management at companies that work with these types of transactions so we can accurately pinpoint which processes we're able to replace or eliminate and the exact cost of each step.