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Questions

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What is the price of SWAP token?

At the moment SWAP tokens are not trading anywhere but on swap.online. And we avoid giving any predictions about its price. Although, as a reference, the contributors who help the development of the project and receive the reward in SWAP tokens generally evaluate 1 SWAP token at the price of $1. Therefore, they calculate the amount of compensation for their work considering that 1 SWAP = 1 USD.

SWAP token review

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I don’t see the Order, although the others can see it (or it can be seen from a different browser)

  1. Please wait while ipfs peers search is complete (blue line indicates the search progress.
  2. If it doesn't help, save the keys and clear indexDB
    2.1. Open dev tolls (press F12 or by clicking the right button on the moth select inspect element)
    2.2. Go to Application tab
    2.3. Delete all entries in IndexedDB

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Where are my private keys stored?

In the memory of your Device

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Is KYC required?

No, you don't need to pass KYC in order to trade on SwapOnline platform!

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What swap pairs are available?

For now it's BTC-ETH, BTC-ERC-20 tokens. We plan to add EOS and other popular cryptocurrencies in the nearest time!

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Is there fee for trade?

Nope, but you should pay miners for confirmation of transaction.

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How much gas is being spent for swap?

Usually, it's 100-150k. But the price of Gas depends on network load!

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Min sum to trade?

It's equivalent of 20 USD in BTC or ETH. The larger the sum of trade, the more profitable for you!

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My swap got stuck and my Bitcoin has already been sent to the swap. What should I do?

  1. Find Refund hex transaction in swap.
  2. Send the transaction to the Bitcoin Network (for example through https://insight.bitpay.com/tx/send or https://bitcointalk.org/index.php?topic=1938621)

If there is a non final” error, try to send the transaction again in an hour

For refunds from other blockchains send the message “My swap is broken!!!” to our Telegram group https://t.me/swaponline

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In what language is this written, and where I can find source code?

JS, https://github.com/swaponline

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Swap.Online token

  1. No ICO! The project team is focused on
    product development tailored to the needs of real customers, rather than presentation creation for investors
  2. No mining - there are no strong players who can influencethe amount of assets of the others
  3. ERC20 - cryptostandard: users will be able to use an accustomed wallet for an unusual asset
  4. Unique bounties and Airdrop participants reward:tokens issued to them will have a non-zero demand
  5. Wide token conversion: if users want to exchange
    a token for another cryptocurrency, they are free to do it
  6. A total of 21 million SWAP tokens will be released
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What is Swap.Button?

  1. Swap.upButton Swap.Button - a solution for fast and safe exchange of cryptocurrency for cryptoproject tokens.
  2. Broadens the potential range of users. Cryptoprojects offer the users a wide  choice of tools for exchanging cryptocurrencies for tokens in one window - for example, Bitcoin exchange for ERC20 tokens. The customer chooses a convenient way and quickly makes an exchange directly in the browser without app download and long wait. The project account receives cryptocurrency, and the user - tokens.
  3. Works directly in the browser. Swap.Button works directly in the browser (via JavaScript), so users can make exchanges directly from their phones.
  4. Adaptation to any project. Swap.Button easily adapts and integrates  into business processes of any company.
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Advantages of using the exchanger based on Swap.Online DEP

  1. It deals with the most of cryptocurrencies and tokens. The swap.online protocol is able to work with the majority of cryptocurrencies, except those where there is no scripting language. But even  for such currencies (for example, Monero) solutions are developed over time (Multisig for Monero).
  2. Fault tolerance. An exchange takes place right in the blockchains independently of centralized entities – server capacities, domain performance, DNS-services.
  3. It works even from the phone. The performance does not require client, application or plugins installation: everything works in the browser with JS, nothing is hidden on the server.
  4. Online DEP exchange is faster than traditional stock exchange by eliminating a third party as an extra link in the chain – it gives a huge influx of speed.
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What is Swap.Online DEP?

"Swap.Online DEP" (Decentralized exchange protocol) is a protocol for cross-blockchain exchange of cryptocurrency directly between users.
Simply put, this is when Alice and Bob exchange Ether and Bitcoin among themselves without the involvement of a third party.
The exchange is implemented in such a way that the funds do not pass through a centralized gateway, as in the case with traditional stocks. This excludes the possibility of hacking the central gateway and stealing users' assets.
The protocol is based on the Atomic Swap technology.

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What is Swap.Online?

  1. Swap.Online is a cross-blockchain OTC Market, where you can buy high-risk assets
    unavailable on other exchanges at any time
  2. Swap.Online works completely on JS: everything is being performed in the browser, nothing is hidden on the server. It works even from the phone
  3. Swap.Online is based on the "Swap.Online DEP" protocol which enables  a safe  cross-blockchain exchange
  4. It does not require freezing (paying in) assets to create orders. You can pay in after the customer/buyer is found
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Etherdelta, Idex are your rivals. What are your advantages compared to them?

  1. Many stocks for cryptocurrencies exchange are centralized, that means they keep customers' funds. Using Bitcoin.js, web3.js, and the libp2p library in IPFS, we created a cross-blockchain exchange system directly in the browser - without the involvement of a third party, right in the blockchains using HTLC (Hashed Timelock Contracts) technology.
  2. None of the rivals offers btc / erc20, and Swap.online enabless you to do this.
  3. Exchanges require to undergo the KYC procedure after the funds are received into by their wallets. Swap.Online provides a unique KYC / AML neutrality. No one can freeze funds or suspend execution of an order. Nobody can prevent someone from performing transactions.
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What is a SWAP token used for?

  1. To pay for transactional fees
  2. To  raise your system rating
  3. To pay for Swap.Online services
  4. To settle up with each other
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What is the difference from x?

Most likely x works with only one blockchain (eg 0x, etherdelda, bitshares ...) or it is not launched yet.

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At what stage is the project?

Testnet is working, minenet – only balances

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Where can I find more technical information?

If you are a programmer, you can see the tests immediately

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How are you going to maintain liquidity?

Replenishment of a smart contract is possible not only with internal balance, but also with a direct transfer. So the user can keep the money out of the application and transfer it only during the exchange (for example, moving it from another exchange). Moreover, we will use arbitration

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What is the main difference from your rivals?

Most of the exchanges are written in Go, C, and we write our stock entirely in JS, that means that users will not have to download and install binary files. At the same time, no data passes through our server.

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OK, what shall I do if I want to link bitcoins to my blockchain project with tokens? How can I get on your exchange?

Just text to team@swap.online or directly to t.me/sashanoxon

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What is the difference from Lightning and Raiden?

We use Lightning as well, then we add an orderbook and a reputation system. I.e. we get more complex and easy, quick blockchains exchanges oriented product. In addition, Lightning requires link opening, and we make an onchain, so the money can be used immediately, unlike Lightning where you still need to close the link.

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What is the use of your project for mine if we don’t deal with a bitcoin, and your listing won’t do any good (no volumes/assets)?

We’re focused on only safe swaps (for example, btc- ERC20)

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What is the difference from Bitshares, Wave Desk, etc.?

The majority uses gateways that accept currency and issue unsecured tokens instead (for example BTC > dexBTC), which can be already traded inside another blockchain, there is no guarantee that gateways will exchange the tokens back.

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I’m a marketmaker, most of the exchanges are ready to cancel fees, and what bonuses do you provide?

You don’t have to keep the volume/asset over here

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If your token means reputation, what prevents a person from registering 100 accounts, distributing a few tokens and starting fooling all the users?

A fraud is impossible due to technology because HTLC implies that the exchange is either done according to certain rules or not. The maximum damage is possible if one of the parties does not confirm the transaction, in this case the money can be frozen, but not lost. The amount of necessary reputation is dictated by the market, from a certain point the flood is not beneficial to the attacker.