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

[holydarkness]

~snip~
Alain Saffray.

I might will need a while to digest this info, so let's move from this topic a while until I have some time to spare to read your explanation slowly.

Meanwhile, another question, what would happen if, lets say a token is rather a junk token, abandoned by dev, stuck only on one exchange, with only sell order with no buy orders. In short, take a look at wavesdex, they have plenty of weird tokens. Let's say someone wanted to swap token with these characteristics to btc or eth, what will happen then? Does the swap even possible?

[1715107687]

1715107687

[Secure Swap]

Meanwhile, another question, what would happen if, lets say a token is rather a junk token, abandoned by dev, stuck only on one exchange, with only sell order with no buy orders. In short, take a look at wavesdex, they have plenty of weird tokens. Let's say someone wanted to swap token with these characteristics to btc or eth, what will happen then? Does the swap even possible?

A junk token is a totally normal token from the point of view of its smart contract. This means that such a token, if its smart contract is not killed (and it must be provided for in the smart contract), it will continue to exist as long as the Ethereum blockchain.
So, on an exchange, if there is a sell order for such a token, and you place a corresponding buy order, then the exchange will be done, and you will be the happy owner of such a token.

Alain Saffray

[Secure Swap]

~snip~

On Secure Swap, a predefined list of tokens will be listed at launch.

A NodeOwner (node operator) can unlist the tokens of his choice. These tokens will then no longer be processed by his nodes.
If a token is specifically unlisted on more than 50% of the connected gateway nodes, then the unlisting automatically spreads to all nodes, and to all those that would later connect, causing the global unlisting of this token.

It is also mandatory that more than 50% of NodeOwners either:
- manually cancel the unlisting, or
- add the token to the list on their node
so that the token is listed again on all nodes, by propagation.

A minimum of three nodes that support a token or a coin is required for exchanges to be possible on Secure Swap.

For coins, only three connected gateway nodes supporting them are required for the coins to be listed. It is also necessary that the client plugin that manages this coin wallet is available (either created by us or by the team that develops this coin).

This described mechanism is valid for all supported blockchains.

Alain Saffray

[Secure Swap]

Two consequences to the above explanation:
- On the Secure Swap ecosystem, a company, a project, a team, or a person can add his token or his new coin, at no cost.
- But also, the NodeOwners community can remove a token if they deem it a Shitcoin.

Alain Saffray

[holydarkness]

--in reply to three of the posts above--

Will there be like a special wallet for your ecosystem, where people will need to transfer tokens from their wallet to yours, much like how we deal from MEW to CEX? Or will it like, anyone can integrate their mew or waveswallet or others to your swap UI, and they practically can start swapping their tokens.

[Secure Swap]

We have decided to longer apply soft-cap.
We now have the resources to develop the minimal ecosystem on our own.

This system includes:
- The trading client, without its advanced tools (without automatic trading, assisted scalping, money mgmt assistance, or advanced orders).
- The generic gateway node and its interface to the Ethereum network. So, trading on ETH and Tokens ERC-20.

ICO funding will help us to accelerated and, above all, complete the development of the ecosystem as a whole but we are determined to carry it out in all cases. Thus, we remove the soft-cap to show that there is no longer a no-go threshold in the progress of the project.

[Secure Swap]

Will there be like a special wallet for your ecosystem, where people will need to transfer tokens from their wallet to yours, much like how we deal from MEW to CEX? Or will it like, anyone can integrate their mew or waveswallet or others to your swap UI, and they practically can start swapping their tokens.

Secure Swap does not have a specific wallet system, it uses the wallet systems of each cryptocurrency.
This means that if you hold the private keys of your wallets, you can import them into Secure Trade, the Secure Swap client application. So you can trade from your existing wallets without any prior transfer.  If you do not have a wallet, you can create one from Secure Trade, but you remain, there as well, the only holder of the private key (which is never transmitted on the network) and therefore the only holder of your funds

[holydarkness]

Will there be like a special wallet for your ecosystem, where people will need to transfer tokens from their wallet to yours, much like how we deal from MEW to CEX? Or will it like, anyone can integrate their mew or waveswallet or others to your swap UI, and they practically can start swapping their tokens.

Secure Swap does not have a specific wallet system, it uses the wallet systems of each cryptocurrency.
This means that if you hold the private keys of your wallets, you can import them into Secure Trade, the Secure Swap client application. So you can trade from your existing wallets without any prior transfer.  If you do not have a wallet, you can create one from Secure Trade, but you remain, there as well, the only holder of the private key (which is never transmitted on the network) and therefore the only holder of your funds

This is interesting. Would the swapped token be on the old wallet or will it be on your Secure Trade wallet? Let's say I have WOD token, an erc-20 token, which is stored on my MEW and I want to swap to ETH. By integrating to your system, will I get (for instance) 2 ETH on my MEW or will it be on your wallet?

[Secure Swap]

~snip~

~snip~

This is interesting. Would the swapped token be on the old wallet or will it be on your Secure Trade wallet? Let's say I have WOD token, an erc-20 token, which is stored on my MEW and I want to swap to ETH. By integrating to your system, will I get (for instance) 2 ETH on my MEW or will it be on your wallet?

Yes, you can exchange your WOD token for an ETH token from your MEW wallet directly with Secure Swap (or from any wallet for which you hold the private keys).
At the end of the exchange, you have the 2 ETHs on your MEW wallet, without using any other wallet.
The same applies to hardware Ledger/Trezor type wallets.

Philippe

[Corey031]

Secure Swap has been listed on wings.ai and is available for forecasting. How much will raise from its token sale? Please show your support for  Secure Swap and submit your forecast! To learn more: bit.ly/2WqjCzK

[Secure Swap]

[Secure Swap]

We just finish a brand new presentation of our projet. Hope you'll like it !

Secure Swap Team

[Secure Swap]

Hello all,

After evaluate it, we decide to migrate our core p2p system to libp2p: https://libp2p.io/

We are in pocess of rewrite our base p2p node system who integrate this lib.
We thinks the whole project benefit of capabilities of this new but very versatile p2p library.

Secure Swap Team.

[Secure Swap]

Hello all, we added a video presentation of Secure Swap on the top of this thread.

[Secure Swap]

Reminder: Our Bounty Campaign still active !
We need translations and socials medias posts.

Thanks.

[Secure Swap]

Some news about Secure Swap project.

After the failure of our first phase of ICO, we found the resources to develop a minimal version of Secure Swap without external funding.

Currently we have a pre-alpha version of Secure Trade, the trading client, a pre-alpha version of the base nodes, gateway nodes, with a first implementation of the gateway to Ethereum also in pre-alpha.

These developments are taking longer than planned because they are done with minimal financial resources.

The next priority topic will be the development of a sufficient version of the arbitration nodes to use for ourselves the arbitration system between third party trading platforms to provide to us a first source of funding.
Once these systems in alpha version, revised and corrected, the code will be opened in Open Source.

Secure Swap Team.

[holydarkness]

Some news about Secure Swap project.

After the failure of our first phase of ICO, we found the resources to develop a minimal version of Secure Swap without external funding.

Currently we have a pre-alpha version of Secure Trade, the trading client, a pre-alpha version of the base nodes, gateway nodes, with a first implementation of the gateway to Ethereum also in pre-alpha.

These developments are taking longer than planned because they are done with minimal financial resources.

The next priority topic will be the development of a sufficient version of the arbitration nodes to use for ourselves the arbitration system between third party trading platforms to provide to us a first source of funding.
Once these systems in alpha version, revised and corrected, the code will be opened in Open Source.

Secure Swap Team.

Would you consider an IEO, perhaps? Currently, it has its own trend, people are leaning their trusts more on it, and it helps to get listed on the exchange holding the IEO once finished, so there's lots of perks. Although the reputation of the holding exchange should also be a good consideration to ensure success

[thin]

Some news about Secure Swap project.

After the failure of our first phase of ICO, we found the resources to develop a minimal version of Secure Swap without external funding.

Currently we have a pre-alpha version of Secure Trade, the trading client, a pre-alpha version of the base nodes, gateway nodes, with a first implementation of the gateway to Ethereum also in pre-alpha.

These developments are taking longer than planned because they are done with minimal financial resources.

The next priority topic will be the development of a sufficient version of the arbitration nodes to use for ourselves the arbitration system between third party trading platforms to provide to us a first source of funding.
Once these systems in alpha version, revised and corrected, the code will be opened in Open Source.

Secure Swap Team.

I didn't get about ICO failure. You site claims that "The SSW token sale has ended successfully Thank you to all our supporters and participants!"

It also strange that sale of the token is now stopped, but you are still offering a bounty for  convincing investors to buy SSW tokens.

[Secure Swap]

Would you consider an IEO, perhaps? Currently, it has its own trend, people are leaning their trusts more on it, and it helps to get listed on the exchange holding the IEO once finished, so there's lots of perks. Although the reputation of the holding exchange should also be a good consideration to ensure success
[/quote]

For now, we are working for make a minimal viable product of secure swap, with our own resources.
We think having a minimal working exchange and network can increase the trusts about Secure Swap, we restart ICO (or IEO ?) after that.

[Secure Swap]

I didn't get about ICO failure. You site claims that "The SSW token sale has ended successfully Thank you to all our supporters and participants!"

It also strange that sale of the token is now stopped, but you are still offering a bounty for  convincing investors to buy SSW tokens.

Yea we need to fix the message on web site, in fact we don't reach the Soft cap, but in the meantime we decide to remove the soft cap and develop the minimal viable product with our own resources.
The bounty remains active because its main purpose is to make Secure Swap known.

We don't resume the ICO until we have a minimal exchange working and available.

Secure Swap Team.