Introduction
Cryptocurrency exchanges is an online platform where buying and selling of different kinds of digital assets take place.Different Cryptocurrency exchanges have been created in other to meet up the huge demands of traders and investors but yet they are not able to deliver satisfactory service. Majority of exchanges only have few currency pairs and low market liquidity. Today, I will be discussing with my readers about a ground breaking innovative blockchain powered cryptocurrency exchanges named SwapZilla. SwapZilla exchange has been designed to proffer a sustainable solution to the prevalent challenges in cryptocurrency exchanges ecosystem. Insecurity is one among the paramount problem faced by crypto exchanges coupled with the challenges of illiquidity. Cryptocurrency market has survived lots of hardship.Lots of Exchanges have closed their trading activities due to the market situation and the general situation of insecurity but we still have some left that are performing excellently well. Binance, Okex, and Bitmax stand out amongst all and remain the biggest exchanges in the world which only take less than 2% of the market share. These Bigger exchanges only support few Cryptocurrencies which is not ideal enough.This is what motivated the team of SwapZilla to create an exchange that will accommodate wide ranges of cryptocurrency pairs which will enable traders to trade with no limit. All these problems will be addressed by the newly innovated SwapZilla Exchanges.
About SwapZilla Exchange
SwapZilla is a specially designed cryptocurrency exchanges platform that offers the users access to more than 50 exchanges and furnishing them with the necessary advance trading tools. The exchange offer their users with varieties of functionalities which allow them to carry out their trading activities conveniently without stress.Different trading tools for market analysis and monitoring are being provided by the platform.It also offers margin trading system, arbitrage which enable users to earn passive income in the platform. In terms of Security, SwapZilla offer the best security standard which put users mind at rest, their storage and verification model makes SwapZilla more outstanding among other Cryptocurrency trading Platform.
Challenges and Solution
Generally, crypto industry still lacking necessary infrastructure to facilitate the massive adoption due to it being a very young industry. This is also affecting the
cryptocurrency exchange sector where ordinary users always find it extremely difficult to transact on exchanges. The barrier of paying high charges for changing cryptocurecy to fiat. All these problems will be addressed by SwapZilla Exchange, all necessary infrastructure which will enable traders conducting their trading in one spot with lower service charge will be provided.Majority of the Cryptocurrency Exchange only have few currency pairs like about 5 to 10, which is not adequate enough. Besides only 500 currency pairs is available on the largest exchanges. All these problems will be solved by SwapZilla, the exchange will offer multiple cryptocurrency pairs which will enable traders conduct trading
activities conveniently.Another barrier about most cryptocurrency Exchanges is high trading commission. Traders get discouraged when they are being charged excessively on trading. SwapZilla has been developed to correct this anomaly by providing traders low fee trading platform.
Most of the available cryptocurrency exchanges only offer regular trading services. SwapZilla is an advance trading platform that will offer a wide trading services such as Margin trading, Social trading system and passive income with auto arbitraging and cryptocyrrency deposit. Furthermore, SwapZilla will provide a user friendly trading interface which will grant access to all available assets in a single Window.The trading platform will be designed in a way that inexperienced person in crypto will be able to trade without supervision.
SwapZilla offer low trading commission in their platform compared to any other exchanges, this is a very good strategy to attract large investors and traders.
SwapZilla Business Model: SwapZilla will generate revenue through trading transaction. The platform users will be mandated to pay a moderate trading commission of 0.1% out of which 0.02% and 0.05% will be paid to the partner exchange while the rest will be for SwapZilla
Features of SwapZilla
1. Margin Trading : traders will create orders based on the required size of leverage while the coin owners will lend them their assets . All necessary infrastructure to execute this system of trading will be provided by SwapZilla for the parties concerned coupled with an integrated risk management strategy for the borrowers.A commission of 15% will be charged on loan interest.
2. Mirror Trading : This system of trading can also be called copy trading where participants will be able to trace and copy the trading system of a successful traders. SwapZilla retain 15% commissions from successful copy trading.
3. Arbitrage deals: Arbitraging trading system is available on SwapZilla Platform which allows traders to conduct trading among several exchanges, buying low from a particular exchange and selling high in another exchanges. 15% Commission is charged for this service on SwapZilla platform,
4. SwapZilla Token : SwapZilla is a token based on Ethereum Network.It is ERC20 compatible token. The token SWZL will grant holders priviledge to benefits from the shares of the platform income.Holders of SwapZilla Token (SWZL) will receive a decent and stable income. The total Token supply is 30,000,000 SWZL.
Official Resources
Website: https://www.swapzilla.co/
Whitepaper: https://www.swapzilla.co/WhitePaper-eng.pdf
Telegram: https://t.me/SwapZilla
Twitter: https://twitter.com/swapzillaco
Facebook: https://www.facebook.com/SwapZilla-2335457683242053
Authorship:
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272