Introduction
Cryptocurrency exchanges is an online platform where buying and selling of different kinds of digital assets take place.Different Cryptocurrency exchanges have been created in other to meet up the huge demands of traders and investors but yet they are not able to deliver satisfactory service. Majority of exchanges only have few currency pairs and low market liquidity.
Today, I will be discussing with my readers about a ground breaking innovative blockchain powered cryptocurrency exchanges named SwapZilla. SwapZilla exchange has been designed to proffer a sustainable solution to the prevalent challenges in cryptocurrency exchanges ecosystem. Insecurity is one among the paramount problem faced by crypto exchanges coupled with the challenges of illiquidity. Cryptocurrency market has survived lots of hardship.Lots of Exchanges have closed their trading activities due to the market situation and the general situation of insecurity but we still have some left that are performing excellently well.
Binance, Okex, and Bitmax stand out amongst all and remain the biggest exchanges in the world which only take less than 2% of the market share. These Bigger exchanges only support few Cryptocurrencies which is not ideal enough.This is what motivated the team of SwapZilla to create an exchange that will accommodate wide ranges of cryptocurrency pairs which will enable traders to trade with no limit. All these problems will be addressed by the newly innovated SwapZilla Exchanges.
What is SwapZilla?
Our goal is to become a unique infrastructure solution, creating value for each of our clients and partners. SwapZilla will provide users with comprehensive services and the most advanced trading tools.
We offer a modern, high-tech trading platform, where users will gain instant access to information, news, and analytical data, hundreds of cryptocurrency exchanges, and a wide variety of trading tools — all in one window.
● Collection of price data on different exchanges allows SwapZilla users to make transactions at the most favorable rate and minimize the risks of exchange manipulation.
● SwapZilla trading core provides the user with a wide range of functions for the quick and convenient execution of transactions, as well as for monitoring and analyzing trades.
● The arbitrage, mirror, and margin trading modules allow the user to receive passive income on our platform.
● Through the SwapZilla information and analytical core, our clients will get convenient access to news, analytics, and recommendations specially selected for them.
● Our system of verification, storage, and transmission of data enables SwapZilla users to get the most secure and efficient crypto exchange experience.
How will SwapZilla work?
We are developing solutions for various types of investors, focusing on a convenient, easily customizable interface. The user will independently select and connect all the necessary elements of the system: modules, screens, and tools. Our system will consist of three key cores: trading, information and analytics, and passive trading. Each of the cores contains a set of plugins and screens. The SwapZilla trading platform is a flexible, modular system that can be customized for each individual user.
Blockchain Technology
The blockchain has changed the world of technology forever. The extent of its applications has shown that it can achieve a high level of transparency and security. The technology combines unique features that make it one of the foundations of the new economy:
● anonymity of users;
● full availability of transaction information;
● complete impossibility of hacking or tampering with data due to decentralization;
● no third party is required to certify transactions; all matters are regulated only by two parties;
● record of transactions is stored in the registry for all users and is updated for all at the same time.
Advantages of SwapZilla
● Low Commission
Our primary task is to attract new customers (both investors and traders, as well as crypto exchanges and other companies). One of the key advantages of SwapZilla is its very low commissions and transaction fees compared to other exchanges on the market.
● Aggregation of turnover
There is only one wallet on each crypto exchange, through which all SwapZilla users will make their transactions. The size of the crypto exchange’s commission entirely depends on the turnover (unless it’s free), so our one wallet approach allows us to get the lowest commission possible, as compared to an individual user.
● Internal Clearing Deals
We expect that as our client base grows that our platform will grow as well, and we will be able to close more transactions internally. When placing any order, the algorithms developed by us will check for the possibility of its execution within the platform and, if possible, automatically conduct a transaction with an internal direct transfer. This will allow us to provide the best conditions and speed of transactions for SwapZilla customers.
● Additional services
In addition to the transaction fees, our platform will have additional income derived from our related services. The main source of additional fees will come from passive income: the use of SwapZilla for arbitrage strategies, mirror trading, and margin trading, etc. In the future, we plan to introduce additional monetization mechanisms: commissions for selling trading strategies through SwapZilla, informational materials from our partners, portfolio management tools (algorithms for determining optimal asset weights), and other revenues from additional services.
● A large number of currency pairs
The SwapZilla trading platform will let the client get instant access to the vast majority of crypto exchanges (almost all existing exchanges by the end of the platform’s second year) and assets available on each of them.
● High speed of execution
We can measure the speed of each signal from different clients to the platform and back and minimize it. We will provide our customers with additional trading opportunities (for example, the client will be able to quickly execute a large number of transactions by using “scalping12”), thereby creating additional liquidity for crypto exchanges connected to the platform.
● Client Transparency
Each user of our exchange will have access to a detailed statement of all transactions performed. We will provide complete information on all transactions, commissions, and debiting funds on a user’s balance. Clients will be able to generate these reports on their own and will be able to use them for various financial institutions and government agencies
● Multiplatform
Capabilities Overtime, we strive to cover all the most popular platforms, including:
PC and Mac client systems
Mobile applications for Android and iOS platforms
● Software integration with third-party products
We want our customers to be able to use familiar tools and software products. We provide an opportunity for third-party applications to integrate with our ecosystem through our API (Application Programming Interface). This will allow users to connect their favorite trading software or conduct algorithmic trading on our platform.
● New level of community support
An essential step towards the formation of a fully-fledged crypto-community is the timely provision of support and advice to our users.
Business Model
By providing our customers with the best integrated service on the market, we will be able to receive stable, diversified income and distribute it among our investors.
The SwapZilla platform will have 5 main sources of income:
● Commissions
SwapZilla will earn commissions on transactions through the platform. Platform users will have to pay commissions that are significantly lower than the market average — 0.1%, of which between 0.02% and 0.05% will be transferred to partner crypto exchanges and the remainder will be kept by SwapZilla. The users will pay low commissions because of aggregation of orders and the internal clearing system
● Margin trading
Traders will be able to create orders for the required size of leverage, and the owners of coins and tokens will lend them their assets. SwapZilla will provide both parties with all the necessary infrastructure and an integrated risk management system for the borrower. We will charge a commission of 15% on the loan interest.
● Mirror trading
Platform participants will be able to track and automatically repeat the transactions of successful traders. When mirror trading strategies bring positive returns, SwapZilla will take a 15% commission.
● Arbitrage deals
When traders use our arbitrage strategies, the platform will charge 15% on the profits made.
● Off the Shelf strategies
SwapZilla will get 10% from the sales of trading strategies.
The Market
Since their inception, cryptocurrencies have gone through a large evolutionary path and become widespread. The number of people showing a direct interest in cryptocurrencies is growing rapidly. This applies to both professional players (traders, investors, etc.) and ordinary users. Some companies (GMO Internet, Bitwage, and others) are beginning to pay a part of their employee’s salaries in cryptocurrencies. Other projects (Ripple, Stellar) use cryptocurrencies for making international inter-currency transfers and serve more than 200 institutional clients and a significant number of small companies. Increasingly, more people are using digital money in everyday life (PizzaForCoins — paying for food orders, Expedia — buying tickets, Overstock — paying for goods in an online store, etc.), which indicates the positive future of the new crypto market.
Our Token
The SwapZilla token (SWZL) is based on the Ethereum ERC20 standard. Token Function: 50% Discount on all SwapZilla Commissions. The total emission volume will be 30,000,000 SWZL tokens. This volume is final and there will be no further emissions.
● Total number of tokens: 30 million
● Type: Utility
● Ticker: SWZL
● Price: $1/SWZL
● Min amount: $ 1
● IEO: 90.5% (27.15 million tokens)
● Team: 7% (2.1 million tokens)
● Bounty program: 2.5% (750,000 tokens)
● Softcap: $ 2 million
● Hardcap: $27.15 mil
Presale:
Round 1:
from July 15, 2019 to February 6, 2020 — 10% discount
Round 2:
from February 7, 2020 to March 7, 2020 — 5% discount
Round 3:
from March 7, 2020 to May 7, 2020 — 0% discount.
Use of Funds
● 72%: Turnover for Margin Trading and Arbitrage
● 15%: Platform development
● 10%: Marketing
● 3%: Legal Costs
swapzilla roadmap project
Team and advisory
Conclusion
As well as its powerful technical tools, with the help of which users of absolutely different levels of involvement in the cryptocurrency market will be able to appreciate the quality and convenience of all the built-in tools in Swap Zilla.
Official resources of the project:
● WEBSITE: https://www.swapzilla.co/
● TELEGRAM: https://t.me/SwapZilla
● WHITEPAPER: https://www.swapzilla.co/WhitePaper-eng.pdf
● FACEBOOK: https://www.facebook.com/SwapZilla-2335457683242053
● TWITTER: https://twitter.com/swapzillaco
● MEDIUM: https://medium.com/@swapzilla
● REDDIT: https://www.reddit.com/r/SwapZilla/
● GITHUB: https://github.com/SwapZilla
AUTHOR
Bitcointalk Username: Dewi08
Telegram Username: @ dhewio8
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B
Tuyanto71 