Switcheo is a decentralized exchange based on the NEO platform that allows trustless exchange of NEP-5 tokens, and will expand to other cross-chain tokens in the future. Also, users can instantly exchange NEP-5 tokens with NEO and GAS. SWTH token is the platform currency of Switcheo exchange and can be traded. In addition, SWTH can be used to subsidize transaction fees and cross-chain exchanges.

1. Project background

Switcheo Network, a multi-chain decentralized exchange, is now available for NEO and NEP-5 tokens. On Switcheo (SWTH coin), users can trade directly from your wallet file. And don't worry about any deposit time and hidden fees.

Exchange will charge a 0.15% taker fee. When users use SWTH coins for transaction fees, their transaction fees will be reduced to 0.075% (50% discount), and the fee for all maker orders will be 0.

Since the settlement on the blockchain, Switcheo has no deposit and transaction fees. New NEP-5 tokens will be tradable after the end of the ICO through the dynamic call function of SWTH coin. This allows you to trade your tokens on demand.

2. Project Features

First, user experience:
The founding team put a lot of effort into UI&UX, because the team hopes that users will not feel the decentralized exchange and centralization in the actual use process Different exchanges, when using Switcheo, there is almost no difference in the actual experience of users.

Second, support cross-chain:
In addition to UI&UX, the team's ultimate goal is to build Switcheo into a decentralized exchange that perfectly supports cross-chain transactions.
The above information is from Switcheo official website

Related link:
https://switcheo.network/about.html