SWAPS.NETWORK - The First Decentralized OTC For Exchanges

[D-Fault]

What is OTC exactly?

OTC stands for “over the counter,” meaning assets can be traded through a dealer network rather than over an exchange.

Why go after the OTC market only, why not build a normal Dex exchange alongside it giving it more liquidity?

Good question. High volume deal can’t be done by the exchange because of price slippage and low liquidity. Imagine that you want to buy 1000 BTC now on Binance. The rate will be much more than on CMC now. (and I think liquidity is not enough even on Binance) That’s why people are connected directly for making high volumes deals.

Do you think it is safer to buy assets on your platform rather than on exchange?

[ndonnard]

What is OTC exactly?

OTC stands for “over the counter,” meaning assets can be traded through a dealer network rather than over an exchange.

Why go after the OTC market only, why not build a normal Dex exchange alongside it giving it more liquidity?

Good question. High volume deal can’t be done by the exchange because of price slippage and low liquidity. Imagine that you want to buy 1000 BTC now on Binance. The rate will be much more than on CMC now. (and I think liquidity is not enough even on Binance) That’s why people are connected directly for making high volumes deals.

Do you think it is safer to buy assets on your platform rather than on exchange?

We are not an exchange, you do not need to list your token and you can set any rate.

[RepublicSpace]

I see the potential in swaps.network be coming to a neutral global otc order book that other exchanges can plug into.

[ndonnard]

Yes, right

[RepublicSpace]

What is the state of the product right now?
any new features coming up?

[ndonnard]

What is the state of the product right now?
any new features coming up?

It’s live — you can try it now. Extremely simple UI for usage — it was our goal.
The next big thing for us — BTC<>Fiat exchange (by EOY). By 2020, we will handle 2,000 BTC monthly.

[Cenylus]

What can you tell us about the team? History and past projects.

[ndonnard]

What can you tell us about the team? History and past projects.

We have a successful experience in launching projects based on blockchain technology.

Our team released the MyWish platform — the leading platform for smart contract generation for 6 blockchains (NEO, Ethereum, TRON, EOS, RSK, and WAVES) supported by TRON, EOS Community, NEO, Waves and Binance.

- More than 9000 users on MyWish platform
- More than 6 500 contracts created since 2017
- More than 200 projects used MyWish for their businesses
- Winner of TRON Accelerator
- Winner of WAVES Blockchain Grant
- Listed on Binance DEX

[electronicash]

looks like a solution for the tokens weren't listed anywhere. help me out here for i didn't try it yet. if you use the custom token, can you pair it to any tokens you like or the only available you got there? lets say i have set it up already, i would have to wait for someone to pick my transaction right? someone who is interested to the token i'm swapping.

[ndonnard]

looks like a solution for the tokens weren't listed anywhere. help me out here for i didn't try it yet. if you use the custom token, can you pair it to any tokens you like or the only available you got there? lets say i have set it up already, i would have to wait for someone to pick my transaction right? someone who is interested to the token i'm swapping.

That's right, you can choose tokens that may not be listed on exchanges. Any trading pairs are supported.
At the moment, the service supports all tokens based on the Ethereum blockchain.

As for the deal itself, you either wait until the other party selects your terms or copy the address of the deal and send it as intended.

[ndonnard]

Official confirmation of the SWAPS.NETWORK (SWAP) Token sale extension till September 4th at 20:00 GMT+8






Read more:
https://medium.com/@VladimirTikhomirov/swaps-network-ieo-extension-94d76feb230c

[ndonnard]

Trading Start Date has already been confirmed!

Since September 10, the SWAP token will be listed on BitForex and COSS (the date will be confirmed later).

SWAPS.NETWORK offers a fully decentralized solution for OTC deals based on smart contracts.

For you, the last opportunity to buy SWAP tokens on COSS.io, get bonuses and be ready to trade.

Price 1 SWAP = 0,043 USD
Payment accepted in USDT, BTC, COS, ETH

KYC should be completed before token distribution!

Hurry up to buy SWAP!

[ndonnard]

Official confirmation of SWAP Listing on the BitForex exchange on 10th of September at 5 pm GMT+8



https://support.bitforex.com/hc/en-us/articles/360030275732-SWAPS-NETWORK-SWAP-Premium-Token-Offering-Coming-Soon

[ndonnard]

SWAPS.NETWORK has completed IEO on COSS

Thank you for your contributions!



SWAP Trading will be started soon.

Keep for updates!

Try https://swaps.network/trades