As the MyWish team previously announced, we are expanding our scope of services/projects and now are offering an over-the-counter (OTC) service, called SWAPS.NETWORK. Ultimately, this is another step forward, allowing for more inclusivity, privacy, and simplicity when it comes to accessing cryptocurrencies.
So Why an OTC Service?
While traditional exchange services are great for the average investor, they have drawbacks due to volume limits, a certain lack of privacy, varying transaction fees, volatility and insufficient liquidity. OTC trading has rapidly evolved as a solution to these problems, with exchanges such as Binance, Bittrex, Coinbase and Poloniex noting this and introducing it into their range of services. This is a duly noted addition, as according to recent reports by Bloomberg and the TABB Group, OTC trading accounts for roughly $15 billion per day on crypto exchanges. All of these reasons have led for this increase in OTC services, and the creation of SWAPS.NETWORK.
The SWAPS Solution
SWAPS.NETWORK provides a solution to the above listed problems through offering a service with the following attributes:
- Fully decentralized
- No volume limits
- Wide range of trading pairs supported
- Beneficial for brokers and traders
- Simple and user-friendly interface
Ultimately, the SWAPS.NETWORK is a service platform that allows for the use of swapping a large amount of one cryptocurrency to another through a smart contract without worrying about involving a third party, volatility or possible purchase bans based on the user‘s country location. This can be carried out using two varying smart contract methods. The first is creating a unique smart contract for each. The second method entails creating one smart contract that is responsible for all transactions.
Who Can Benefit Most from Using SWAPS.NETWORK?
As mentioned previously, the biggest use case of this service is for swapping large amounts of cryptocurrencies. With that criteria, the categories of users can be broken into the following groups:
- Exchanges and OTC Companies
- Investment Groups (i.e., hedge funds, family offices, large private investors)
- Miners
- Cryptocurrency Projects
- Traders
- Brokers
The Details
Currently, SWAPS.NETWORK is available for the Ethereum network, allowing for over 10,000 tokens to be swapped. In the future, there is planned integration for the EOS, NEO, TRON and Bitcoin blockchains. Additionally, the demand for cross-blockchain swaps are noted by the team and are included in future plans.
As you can see, SWAPS.NETWORK functions as an easy-to-use service that allows for swaps to be made in a simple step-by-step process, regardless of the amount, and while maintaining privacy. Email us at support@mywish.io or connect with us in our official Telegram group https://t.me/MyWish_platform to find out more about the SWAPS.NETWORK.
SWAPS.NETWORK
Your deal. Your Terms
Useful Links
SWAPS.NETWORK Website: https://swaps.network/
Video Tutorial: https://www.youtube.com/watch?v=NVd2A0a_dn0&t=10s
Twitter: https://twitter.com/mywishplatform
Telegram: https://t.me/MyWish_platform
