After the successful operation by the community of the Switcheo TestNet, the team of NEO NEP-5 token exchange Switheo has announced the MainNet has now launched live as of March 31st 17:00 SGT (UTC +8). Tokens that will be in the first listing group will include NEO, GAS, Switcheo Token (SWH), Red Pulse (RPX), TheKey (TKY), Bridge Protocol (IAM), Trinity (TNC) and DeepBrainChain (DBC).
To celebrate the launch of the Switcheo MainNet, taker fees will be reduced to 0.1% on all assets. If SWH is used as fees, taker fees will then be discounted to 0.01%. The promotion has already started from the date of the MainNet launch and will last until April 14th, 2018 23:59 SGT (UTC +8). Deposits and withdrawals for the exchange will always remain free.
Future plans for Switcheo will include launching on QTUM and Ethereum. In the meantime, the team says it will continue to “strive and achieve the milestones that are set out in its white paper,” some of which include:
- Q2 2018 — Launch of QRC20 trading
- Q3 2018 — Launch of ERC20 trading
- Q4 2018 — Cross-swap feature using SWH and Wanchain
- 2019 — Launch of trading for top 5 chains
Among one of the highlights of the exchange is Switcheo’s Dynamic Call function, where new NEP-5 tokens become available to trade as soon as an ICO ends.
The Switcheo team said:
“Moving forward, we will continue to earn your support by constantly testing the exchange and making sure that it will provide you the best user experience. We have also heard your requests on other tokens and will list them progressively once the exchange stabilizes.”
Initial Launch Overview