Switcheo is a decentralized exchange based on the NEO platform, allowing NEP-5 tokens to be trustless exchanged and will be expanded to other cross-chain tokens in the future. Furthermore, users can exchange NEP-5 tokens instantly with NEO and GAS. SWTH tokens are the platform coins of the Switcheo exchange and can be traded. In addition, SWTH can be used to subsidize transaction fees and cross-chain redemption.

1. Project background

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

Exchange will charge a 0.15% recipient 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 manufacturers' orders is 0.

Switcheo has no deposits or transaction fees since settlement on the blockchain. Through the dynamic call function of SWTH coins, the new NEP-5 token can be traded after the ICO is over. This allows you to trade your tokens on demand.

2. Project Features

First, User Experience:
The founding team has invested a lot of effort in UI&UX because the team hopes that users will not feel the difference between decentralized exchanges and centralized exchanges during actual use. When using Switcheo, there is almost no difference in users' actual experience.

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 comes from the official website of Switcheo

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