Due to popular demand of my Medium articles I’ve decided to post my views on SWTH on here as well as Twitter. Expect more content like this in the near future.

Many influencers just shill coins because they are paid to and they don’t state why they think the project is a great buy! So this is not a paid article and here are my points regarding why I believe this project is a great buy right now. Enjoy.

Low volume, only for now?

It’s only a $NEO DEX for now which is maybe why it has slipped under the radar and is priced low, because we all know what a mess the $NEO network has been recently with their node issues. (It should be in a better state soon). This also explains the very low volume. Once they add ERC20 tokens and Ethereum trading more awareness and volume should come to the exchange. This is due to happen in September I believe. (Q3 according to their roadmap).

Low Market Cap

I love low market cap projects, they really give you the potential for big gains and multipliers. At the time of writing this SWTH only has a market cap of $4,884,901. Meaning a Microcap. x10 from here is only a 50m cap.. nothing at all, so still considered a low cap coin even at x10 from here. x50 from here would give it a market cap of $244,245,000 which is a good target I believe for a DEX coin like SWTH and easily achievable.

Best DEX UI

Go ahead.. find me a DEX with a nicer user interface than SWTH. All the other DEX’s have some horrible UI which is very confusing, at least for the average user. SWTH will attract a chunk of the crypto community that doesn’t usually use DEX’s.

Ledger Integration

The way you can trade directly from your Nano Ledger onto SWTH is a game changer. No risk of your private keys getting compromised as you never have to enter them. DEX’s in the past have had issues of DNS spoofs and fake websites taking private keys, with SWTH logging in with your ledger never exposes your private keys.

I just hope when they add ETH to SWTH Ledger Integration will work for Ethereum as smoothly as it does for NEO.

You can view more on SWTH’s Ledger Integration here: https://medium.com/switcheo/using-your-ledger-device-with-switcheo-exchange-3ee0eb809f59

Fiat Gateway.

Their roadmap states in Q4 2018 they will have a fiat gateway with two partners for credit card and bank deposits. This is the first for a DEX, never have I seen a DEX with a fiat gateway. Game changer.

Cross Chain Trading

SWTH Plans to allow cross chain trading, this means you can buy NEP5 (NEO) tokens with ETH for example and vice versa, this has never been done before and believe it or not, is pretty useful.

How will they do this? I’m not sure how they plan to implement this, however they could use Wanchain, so a future partnership there?

Integration of next 3 blockchains

SWTH Roadmap states they will implement another 3 blockchains after ETH. Zilliqa? EOS? More cross chain trading with these could be big.

(Mid 2019)

Is DEX the future of crypto?

As more and more central exchanges have issues with security/hacks/loss of customers cryptos, I believe DEX’s will start getting a lot more volume in the near future as they tend to be more secure seeing as they don’t rely on a central organisation or person. Especially with the listing fees on some of these CEX’s these days.

Below ICO price.

SWTH is currently trading at 0.58x ICO price against the US dollar. This means we are getting a better price right now than those that found this gem at ICO, the room for growth is huge.

Future use cases for the token?

I can imagine SWTH bringing out more and more use cases for the token, e.g. referral schemes, bigger discounts for holding more SWTH and so on, they could in theory follow BNB’s footsteps.

Where to buy?

Login here with your NEO wallet private key or ledger: https://switcheo.exchange/markets/SWTH_NEO

Conclusion

You can see from the above as to why I think SWTH could be a great buy right now, then again it could drop further in price, who knows. Of course there will be other DEX’s that release but there is room for more than one in this market right now, right?

Let me know your thoughts on either Twitter or in the comments section of this article.

Twitter: https://twitter.com/Oly245/

Telegram: https://t.me/oly245cryptochat

Why I think BAT will be the first on Coinbase: https://medium.com/@oliverbell1994/coinbase-potentials-f15bc5c6a9a0

Starter guide to crypto: https://medium.com/@oliverbell1994/basic-beginners-guide-to-cryptocurrency-8e7f35e25c57