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SWAP Token Review

Basic observations on the SWAP token economy and trading
Aleksandr Noxon Vladislav Sopov comment 0 Comments

Basic observations on the SWAP token economy

Disclaimer: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a token price, including and not limited on how those terms are used in any applicable law or regulation. SWAP token economics and its features might be subject to change.

Abstract

As we have already announced (see p. 10) in the project light paper, the SWAP token will be the core element of Swap.Online project monetization. SWAP is ERC-20 token listed on Swap.Online and can be added to plenty of hot crypto wallets. The total SWAP supply is 21M with neither ICO nor mining procedures planned. We avoided the traditional hype-based model of initial coin offering. The value of the SWAP token will depend on its features and functionality.

Functionality

For now, we define five main functions of SWAP token.

  1. Premium Trading Options. Swap.Online will provide zero-fee for cross-chain exchanges of BTC, ERC-20, USDT, EOS coins. By the way, the default trades will be available with a ‘starter-pack’ interface and a reduced toolkit. SWAP holder will be able to see the reputation and rating of the counterparties, number of trades, market analytics, and other useful information and insights. SWAP tokens are a must-have for daily-traders and market makers.
  2. Building up Reputation. Atomic swap is all about exchanges built on trust and protecting your funds no matter what the intentions of your counterparty are. But we also understand the importance of the time for a swap and the momentum of opportunity. The time could be lost by a cancelled or intentionally slowed down swap by the counterparty. That’s why we’ve introduced a reputation management system which will be done in a centralized way. If you want your reputation to be scored (e.g: as a market maker), we will require a stake in SWAP tokens.
  3. Safety. Working as a part of a proof-of-stake consensus, SWAP tokens will be used as an additional safety guarantee for its holders. For example, in case of an attack on the Node or an unexpected IPFS-connection failure, a new connection will first be provided to the users with SWAP tokens. By the way, it this particular case, the users can connect to any other server.
  4. Advertising. Swap.Online website, being an attractive platform for crypto-traders, will generate high and quality traffic, thus bringing value to the advertising space on our resource. SWAP tokens will be used as a mean of payment for this advertising space.
  5. Token Integration. Swap.Online is a licensed multi-chain hot wallet that can promptly integrate your Сoin into the balance showing it on our homepage. SWAP tokens will be needed to list new ERC-20 and other types of tokens. Maybe, in the near future, we will also provide the possibility of *TOKEN*<->SWAP trades on Swap.Online platform from the first day of their listing.

Trading

Our SWAP tokens will be freely traded via the centralized and decentralized exchanges which support ERC-20 tokens. Note: Swap Online OÜ itself DOES NOT sell SWAP tokens at the moment. By the way, in accordance with our roadmap, a significant stake of SWAP tokens will be spent on the project’s development.

We officially avoid giving any predictions about the price of SWAP. But as a reference, our contributors estimate the price of the SWAP token in approximately 1 USD. Thus, Swap.Online capitalisation based on token supply&price is approximately 21M USD and can be compared to CryptoBridge, Lykke Exchange, SingularX, and Legolas Exchange.

You can also compare Swap.Online with its main competitors (see the table below) considering their capitalization, features, and weaknesses.

altcoin atomic swap Bitcoin cross-chain exchange crypto market alanytics crypto research crypto wallet cryptocurrency decentralized exchange directly atomic swap with bitcoin and ethereum eos ethereum exchange withouth third party multy assets crypto wallet tether usdt