[ANN][PreICO] Secure Swap - Ecosystem redefines DEX and e-commerce

[Secure Swap]

Anything about this DEX that somehow will get me into opening this as a DEX?

We all entirely know how people get scammed after trusting one unknown exchange and then lost all their money. Any good traits we can really be sure you guys are not like the others?

Anyone can operate Secure Swap nodes, as long as they have SSW tokens.

On the Secure Swap network, any node operator must have as collateral a sufficient quantity of SSW tokens, which are placed in escrow managed by a smart contact.

This ensures, by the operation of Secure Swap (which is Open Source, therefore verifiable) that if a node, or a set of nodes, disconnects or acts to steal counterparts from an exchange, the guarantee in token SSW would be converted and sent to the user/trader concerned in order to complete the ongoing exchanges and absolutely guarantees the receipt of the counterpart.

This principle is used by all nodes that can receive user assets, and Grey Matter Technologies has no other way than to operate its own nodes in the same way.

For more information on these points, read the corresponding parts of the White Paper: "Architecture and operation of the exchange", "Gateway Nodes and NodeOwners", "System for detecting anomalies or attempted hacking", "Communication protocol of Secure Swap nodes", "Implementation of the communication protocol", "System guaranteeing atomic and exchange security".

These systems ensure that a user/trader cannot have his counterpart stolen by a third party when trading on Secure Swap. Secure Swap has a superior security system than all other DEX, with SSW tokens serving both as proof of stake and as a escrow guarantee managed by a Smart Contract.

Alain Saffray.

[1715079082]

1715079082

[1715079082]

1715079082

[1715079082]

1715079082

[Secure Swap]

The project seem interesting, I like the way the gains are shared with the tokens. I follow this project.

Thanks !

[Secure Swap]

Here is an overview of the Secure Swap network.

It is a simplified view that represents only a few blockchains and CEX exchanges.

The complete network will obviously be connected to all supported blockchains and more CEX exchanges, DEX exchanges (via Altcoin.IO Api) and fiat systems.

[Secure Swap]

We propose a referral program who offer a discount on SSW Token:

[Secure Swap]

You think that Secure Swap is just another DEX?
You're wrong and it's our fault, we haven't communicated enough on these points.
We will soon show you that Secure Swap is an ecosystem built around a DEX, but goes much further than a simple DEX!

[Secure Swap]

Secure Swap an innovative ecosystem for e-commerce solutions

Secure Swap is also an innovative payment platform, thanks to its API accessible via a SDK easy to integrate into an e-commerce website.

This new payment method allows a buyer to use his crypto currencies as a payment method.
If the seller accepts this payment as is, the buyer only pays the network fees, the seller has no costs to assume, neither from the blockchain, nor from the Secure Swap ecosystem.
In the Secure Swap ecosystem, the platform takes no charge for sending crypto currencies or tokens, regardless of the final destination.

If the seller does not want to be exposed to the volatility risks of crypto currencies, then he must select the fiat currency of his choice and create an account on Secure Swap's fiat exchange nodes.
As soon as a payment in crypto-currency is received, the Secure Swap platform converts the crypto-currency into Stable-Coins, at the market price.
This is aimed at immediately eliminating the risk of volatility. As soon as possible, Secure Swap will then use its available liquidity to convert this amount of Stable-Coins to the chosen currency.
The seller then has to pay the reduced platform fees for these two conversions.
He can also choose to perform only the first conversion (crypto-currency to Stable-Coins), and to perform the second conversion to fiat currency only later, at his convenience.

This is an example of a service that Secure Swap's open and extensible nature allows us to offer. For the future, we plan to provide payment support for rental services (crypto airbnb), exchange of goods or services (crypto Uber) between individuals and/or professionals, etc., with the possibility of receiving, in exchange for the service, either a payment in crypto-currencies, or in Stable-Coins, or in fiduciary money. The conversion is automatically performed by the Secure Swap platform. Secure Swap is crypto-agnostic, the buyer can pay for his purchases in the cryptocurrency of his choice.

With Secure Swap, the customer pays with the crypto currencies of his choice, the seller receives at his convenience crypto-currencies, stable coin or fiat currencies of his choice, for a tiny or no costs.

The crypto e-commerce revolution is coming!

[Secure Swap]

Hi everybody! A really good news for blockchain and french community!


https://news.bitcoin.com/bitcoin-goes-on-sale-in-24-french-tobacco-stores/

[Secure Swap]

A bounty program must be announced soon for Secure Swap, stay informed.

[Secure Swap]

Useful trading for everyone? Who is @SecureSwap really for? 4 images to answer you!

Many technologies are available for e-commerce websites, the high volatility of crypto-currencies worries them and the costs are high for both buyers and sellers.
As a result, very few e-commerce sites accept crypto-currencies.

The solution is http://secure-swap.com

Secure Swap is a #DEX but it is also an innovative payment platform, thanks to its API easy to integrate on any e-commerce website and compatible with all crypto-currencies (which can be converted into fiat).

This new payment method allows the buyer to pay with any crypto-currency.
He only pays the minimal network fees for the crypto-currency used.
No fees are added by the Secure Swap platform. And the seller, for his side, has 3 options:

1 - He accepts the amount received in crypto-currencies without conversion. In this case, the transaction is carried out directly and there are no fees.

2 - He does not wish to take the risk of assuming volatility. In this case, Secure Swap converts the amount received into crypto-currencies into the fiat of his choice for him.
He only pays the costs of this conversion.
These costs are fully refunded to the owners of the conversion nodes, which are managed by the users themselves.
In the Secure Swap ecosystem, the platform does not add any charge for sending crypto-currencies or tokens, regardless of their destination.

3 - Either he prefers that Secure Swap simply converts the amount received in crypto-currencies into a stable coin.
He may convert them at his discretion at a later date.


We can do this for e-commerce but also for retail stores.
The subsidiaries of our company Grey Matters Technologies, each created in the country of the currency it will support, set up a payment network, either by credit card or mobile, that merchants can easily integrate.

Secure Swap is at the heart of the society. Store owners, developers, consumers, institutions..... Everyone can benefit from this ecosystem, which provides a simple and economical solution to trading concerns.

[Secure Swap]

The SSW token is doubly useful within the Secure Swap network:

It serves as proof of stake.
The people who operate the nodes of the network must assign a certain amount of tokens to them.
This quantity is directly included in the calculation of the earnings they will receive as a reward.
It serves as a garantee for margin trading.
Like blockchain mining, the exploitation of Secure Swap nodes generates rewards for all exchanges made by traders, but also for all receipts made by merchants (clicks and mortars).

Having SSW tokens and operating nodes is a significant source of income.

[holydarkness]

Given thr name "swap", do you offer a system similar to Kyber swap where community can easily and instantly "exchange" their ETH into fiat or other tokens without having to wait for some buy orders? Kindly mind that I ask this purely because I have no clue on how this system works, I wanted to try Kyber, but I might as well wait until I fully understood how it works.

[Secure Swap]

Given thr name "swap", do you offer a system similar to Kyber swap where community can easily and instantly "exchange" their ETH into fiat or other tokens without having to wait for some buy orders? Kindly mind that I ask this purely because I have no clue on how this system works, I wanted to try Kyber, but I might as well wait until I fully understood how it works.

Hello,

As I understand it, Kyber Swap trades between tokens/coins through a liquidity pool that is provided by volunteers, who receive a share of the exchange fees in return. This implies that:
- If there is no liquidity available for a token, you have to wait.
- If the liquidity reserve is depleted for a token, exchanges are no longer possible until new reserves appear.
- All exchanges are at market price, prices are set by Kyber Swap (smart-contract conversion rates).
- Users do not have control over the price of their exchanges.
- Do those who make their coins available take a risk of change?
- To be available as liquidity, all these coins are concentrated by the Kyber Swap network. There is a risk because of the attraction of this concentration for hackers.
In the end, the Kyber Swap solution consists in obtaining a liquidity reserve based on volunteers.

On Secure Swap, the 'Swap' of the name is rather, in our idea, linked to the cross-blockchain atomic-swap.

However, Secure Swap also offers a significant liquidity provision system, which in the end can lead to the same result as Kyber Swap => fast exchanges because liquidity is present.
On Secure Swap, if our internal liquidity is insufficient (orders pending counterparty), then liquidity is provided via our arbitrage nodes, which are connected to different CEXs to exploit their liquidity. This is made effective by a reserve of crypto-currencies managed by the arbitrage node to exploit the liquidity of CEXs.
The Secure Swap system allows orders to be placed at limit prices, different from the market price, but also to access the best exchange prices available on all connected CEXs.
In the case of market price orders, the exchange is very fast because, even if a counterparty is not found on the Secure Swap network, there is probably a counterparty available on all the CEXs connected to our arbitrage nodes.

In the end, the two solutions, Kyber Swap and Secure Swap, must be fairly close in terms of exchange speed (at market price).
But I think the Secure Swap solution is better because:
- The trader keeps control of his exchange price (at the risk of not having a counterparty if he tries to exchange, for example, 1 ETH for 1 BTC...).
- And Secure Swap allows access to the best prices available on all CEXs (and also DEXs connected via the Altcoin.io API).

For e-commerce, as conversions are made at market prices, the two systems must be quite similar, although I think that Secure Swap's liquidity reserve, corresponding to the liquidity of all connected CEXs, via arbitrage nodes, is likely to be higher than the reserve Kyber Swap has on its single network.


Does that answer your question?
Sincerely,

Alain Saffray.

[ICO2019]

Reserved Russian Translation



                       



Whitepaper - Website - ANN Thread - Bounty Thread



Translation Language: Russian
Telegram: @cryptotimexx
Native language: Russian
Bitcointalk username: ICO2019
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2489565
Email: raiserpix@gmail.com
Portfolio: https://docs.google.com/document/d/1wzdF6PA1tRWcFLEEwY7FYLR9Ua4hEnJJq6U2CYVeNw4/edit
ERC-20 wallet address: 0xc971311f19f606d80bdf8f03943b4d7c3d51e493

[Secure Swap]

I can download the Secure Swap source code. I can run my own node.
If I am passionate about the system, I can participate in its development:

By suggesting improvements.
By looking for security holes.
By customizing a generic node to a new cryptocurrency.
By creating a new type of node that adds a new service to the Secure Swap network (Crypto Uber, Crypto AirBnb, Crypto barter website...).
For example, I am Malagasy, I want to add my country's currency, the "Ariary Malagasy" (MGA).
I can take the generic version of the crypto-fiat exchange node, and add the necessary plugins to it to connect the payment systems of Malagasy banks.

[holydarkness]

Given thr name "swap", do you offer a system similar to Kyber swap where community can easily and instantly "exchange" their ETH into fiat or other tokens without having to wait for some buy orders? Kindly mind that I ask this purely because I have no clue on how this system works, I wanted to try Kyber, but I might as well wait until I fully understood how it works.

Hello,

~snip~

Does that answer your question?
Sincerely,
Secure Swap team

So basically kyber (and you, partially) serves a method of trading similar to other exchange's method of instant buy/sell?

I don't think it's fair to ask you questions related to kyber as you're their competitor, so this next question is perhaps addressed as individually for your project: in case of instant swap, what factor does determine the buy/sell at that very time? Like, does your team decide the current price or does the price reflect to the current market price or does the liquidity volunteers vote for the price?

[Secure Swap]

Given thr name "swap", do you offer a system similar to Kyber swap where community can easily and instantly "exchange" their ETH into fiat or other tokens without having to wait for some buy orders? Kindly mind that I ask this purely because I have no clue on how this system works, I wanted to try Kyber, but I might as well wait until I fully understood how it works.

Hello,

~snip~

Does that answer your question?
Sincerely,
Secure Swap team

So basically kyber (and you, partially) serves a method of trading similar to other exchange's method of instant buy/sell?

Yes, basically all exchanges are similar. Except for exchangers that use their tokens as counterparties (example: Bancor), but this method implies that it is the exchanger that somehow sets the price of each crypto versus the token.

I don't think it's fair to ask you questions related to kyber as you're their competitor, so this next question is perhaps addressed as individually for your project: in case of instant swap, what factor does determine the buy/sell at that very time? Like, does your team decide the current price or does the price reflect to the current market price or does the liquidity volunteers vote for the price?

On Secure Swap, and probably also Kyber Swap, prices are defined by the market, via the order book, which constitutes the liquidity.
Having liquidity on the ETH/BTC pair, for example, means that there are many ETHs to sell in the order book against BTCs, possibly at different price levels.

To take a concrete example, if you want to exchange 200 ETH for 10 BTC (at market price, let's imagine here that 1 BTC is equal to 20 ETH), but on the Secure Swap order book there are only 5 BTC to exchange at this price, then the liquidity available in the Secure Swap order book is not high enough to serve that order.
Without any other solution, we wait...... So, rather than waiting for other traders to offer their BTCs for ETHs at this price, Secure Swap will use all the order books of the other Exchange-platforms to which it is connected, via its arbitrage nodes, to exploit their liquidity, and seek BTCs to exchange for ETHs at this price.

If the price requested is not insane, i. e. it is close to the market price, Secure Swap will necessarily find counterparts on the other Exchange-platforms, and therefore will be able to serve the order.

5 BTC against 100 ETH will then be served by Secure Swap's order book, therefore by its own liquidity, and 5 other BTC will be served via the order book of one (or more) other Exchange-platforms, whose liquidity (therefore their order books) will be used.

It must be understood that what is called "liquidity" is the total amount of quantities to be exchanged per price level that are in an order book.

So, to have an instant swap, Secure Swap must find the corresponding liquidity available.
This means that if you want to exchange 200 ETH for 10 BTC, Secure Swap must find symmetrical orders that want to exchange 10 BTC (or more) for 200 ETH (or less), either on the Secure Swap order book directly or on all the order books of the other available Exchange-platforms.

As a result, you understand that it is the market that determines prices, i.e. all traders who decide on their trading orders with limit prices.
Our team has no control over prices, it is the traders who make the prices, unlike the Exchange-platforms whose tokens serve as counterparts.

Alain Saffray.

[Pumared]

The project seems to be good, since the comments are being answered sensibly and showing that they know what they are talking about. Although I have seen something like this, the way liquidity works in your Exchange seems like a great idea.

[Secure Swap]

The project seems to be good, since the comments are being answered sensibly and showing that they know what they are talking about. Although I have seen something like this, the way liquidity works in your Exchange seems like a great idea.

Thank you for your feedback.
Indeed, I know of at least one other project that obtains its liquidity in the same way as Secure Swap.

Alain Saffray.

[Secure Swap]

I download the Secure Trade application and install it on my computer, Windows, Mac, Linux, or on my smartphone, Android or Apple.

Secure Trade:

• Automatically connects to the Secure Swap network,
• Displays me the real-time prices of all available currencies that I want to buy or sell,
• Allows me to consult their respective order books,
• Allows me to do my technical analysis with advanced graphical tools,
• Allows me to do my background analysis with its news and alerts system.
• I can place buy or sell orders in any currency (Secure Swap is crypto-diagnostic). I have some digital assets on my wallet or Ledger key, and it is only when my order has found a counterparty that my assets are transferred to the counterparty, and vice versa.

If I am a trading expert, I can also:

• Take advantage of leverage with margin trading,
• Program automatic trading algorithms using an integrated graphical editor,
• Practice scalping without stress thanks to a scalping assistance tool.

[Secure Swap]