Swap – Decentralized Ethereum ERC20 Token Trading Technology?
Swap – The Smart Ethereum Trading Solution
Ethereum is currently one of the most popular digital currencies in circulation, and sports a large user base which is constantly looking for a smart, efficient trading solution that is safe, secure and sports the right features.
What Is Swap?
Swap is an ecosystem that tries to fill this void by providing users with a trading system that is entirely decentralized, simple to use and maintains the right amount of liquidity to be a credible platform for enthusiasts.
The platform aims to correct some of the common problems that trading platforms like these, and does it by implementing smarter features in an environment that is replete with peer-to-peer trading features that can genuinely help the Ethereum community with efficient trading.
The platform not only allows users to find the tokens that they need and to start trading efficiently, it also provides users with a price finding and matching system that allows them to check trades before they go through with transactions. Aiming to become a comprehensive solution for users of the Ethereum community, Swap has definitely started on the right track, with the right features and technologies at their disposal to become a successful platform in the long run.
Swap Special Features
While a large number of other Ethereum trading platforms use order books for trade matching and transactions, there are a number of inherent problems with this system. Although it is an automated system, order books are not scaling friendly. The cost of running such a system makes scaling up prohibitively expensive, and this is a constraint that can severely limit capability. Order books are also public in nature, and the distribute nature of the nodes can provide some parties with unfair advantage.
Swap aims to overcome these constraints by using the peer-to-peer model of trading, which can not only scale better, but also provides complete anonymity to all parties involved, and a fair system of transactions. Swap achieves this by the use of three different algorithm chains – an Indexer that enables users to find the Ethereum tokens that they want, an Oracle that allows users to check prices and make trades instantly, and a Connector that finally completes the peer-to-peer link, facilitating easy transfer of assets.
The most interesting aspect of Swap as a service is that they have their own digital currency, the Swap token, that is promoted as a license to access and use Swap services inside their trading platform. This is a unique concept as it is a hybrid model of currency that integrates the liquidity value of a traditional digital currency, but also simultaneously acts as a software license allowing holders to gain access to the Swap ecosystem.
This is a great way to ensure better interest in the ecosystem as a whole, and participants can easily enjoy a stake in how well the platform performs over time, making it a lucrative prospect in an already crowded and competitive Ethereum market. Another good thing about the Swap token system is that the entry is basically the only point where a fee is charged. Customers can then gain unlimited access to all Swap features and services without the need to pay any further fees or processing costs.
The Swap Beta Program
Currently, the Swap website invites people to take part in their Beta program. This is a common strategy for software and solution developers to give a small section of the user community a chance to experience the ecosystem, test out advanced features, and provide feedback, based on which the team can then tweak and enhance the platform. The Beta program
Swap's planning is all the more lucrative, as there is a promise of reserving a percentage of Swap tokens for people participating in the Beta program. Along with the rewards, there is also incentive in the form of important experience using one of the leading Ethereum trading platforms of this time.
For many years, the Ethereum community has yearned for an exchange and trading platform that is free of the problems that plague platforms that use order books for trade matching. As a completely decentralized asset exchange platform that offers the prospect of its own digital currency, which doubles up as a license to use these services, Swap definitely is on the right track when it comes to making Ethereum trading better in the future, and adding the right innovation elements that can help the platform endure in the long run. For Ethereum enthusiasts, this can indeed be good news.