Hello again Steemit,
Today i got the opportunity with another 50+ selected community members to try out the game changing Switcheo exchange version 2 (v2 Beta). If you never heard of Switcheo, it is basically the first NEO-based decentralized exchange.
The Switcheo v2 is one of the most anticipated feature within the community in the last few months. It would allow users to execute and confirm trades pretty much instantly in their platform, after "depositing" tokens via smart contract. The depositing process took around 1 NEO blocks or roughly 30 seconds, so basically it is way faster than any centralized exchange.
So... Before testing, i had a very little expectation. When i started, the deposit process was seamless ( i was using my ledger nano s). I was already familiar with the interface, so i made a trade. When i see the buy order was placed immediately in the order book, i was blown away. I put a video in my twitter for proof.
Here's the video i recorded when using the exchange in my PC. The trade was done in a testnet environment. Note how the contract balance is updated immediately after all of the buy order is fulfilled. pic.twitter.com/owD5pKVolp
--; Crypto Rice Field (@cryptoricefield) July 17, 2018
Of course the exchange still need some refining (GUI, some people took longer time for deposit) However the feedback from the testers (who came from many countries and time zones) are great and there are also 283 reports of improvement/bug consideration.
Considering Switcheo Network offered up to $1000 per bug report, high number of reports are not surprising.
I'm really looking forward for the official release. Not mentioning ERC20 token and QRC20 token trading is coming soon!
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