Introduction
What is SwapSteem
SwapSteem is a peer-to-peer, no custodian exchange platform built on the Steem blockchain. The main vision behind Swapsteem is to create a platform to enable Steem users to trade their STEEM/SBD for Fiat, Cryptocurrencies tokens, or pretty much anything with other users. It is a completely open source software licensed under AGPL and the license and source code can found on our GitHub repo.
We have installed a dynamic system on the SwapSteem UI, where trading parties signal each other for instant trading, and we connect the trading parties together to relate their terms and conditions of trade, and upon agreement, a trade is initiated between the users. For each trade, a trusted escrow agent is assigned for the cases when a dispute arises between the parties involved in the trade.
You can Log in and Trade on our exchange with your steem account or create a new one using the Sign up button on the Home Page at https://swapsteem.com
What do we offer in our Beta
Insta Crypto Swap
Insta Swap is a term that means exchange of assets between individuals and exchange that provide a service to convert a cryptocurrency to another based upon the current market price. Insta Swap is a convention to encourage a genuine shared biological community for exchanging steem based assets to other crypto assets securely and near instantly under the moderation of a centralized exchange for quick automated withdrawals.
To swap your Cryptocurrencies instantly, you can use our Instant Swap feature powered by our partner @onepagex. The Insta Swap feature enables you to swap the largest number of cryptocurrencies provided by any instant exchange with more than 140 coins supported and counting. The best thing is that is the only instant exchange with such facility that supports STEEM as one of the main pair besides blocktrades.us that support cross-chain swap.
Please read the following post to know more about how to instantly buy or sell cryptocurrencies for the lowest fees online.
SwapSteem - Swap Crypto Currencies Near Instantly!
Peer to Peer Fiat Swap for STEEM and SBD
FIat Swap is a term that means exchange of fiat currency between two individuals where Steem based assets are stored in a steem escrow transaction. Swap is a convention to encourage a genuine shared biological community for exchanging anything for STEEM blockchain based assets.
Swapsteem utilizes the inbuilt Escrow feature provided by the Steem blockchain for the security of funds. The STEEM/SBD is locked with a third party Escrow agent account until successful processing, who will have the authority to release the funds to either side in case of a dispute between the traders.
There is a time window of 2 hours for the Seller and Buyer to Initiate the escrow transaction and approve the escrow transaction. If the traders fail to complete the transaction until the deadline, the trade is canceled/rejected and any locked funds will be released to the Seller.
If the Escrow is transferred and approved by the traders, the agent will need to confirm the escrow too within the same deadline.
After the agent approval, again there is a window of 3 days from order creation for the Buyer and Seller to confirm the payment and Release the escrow respectively. If a dispute arises where the seller doesn't release funds after confirm payment or Buyer confirm payment without making a real deposit, or in case funds not released within the deadline, the escrow agent will have the authority to release the funds to either party depending upon the proofs presented by both parties.
SWEET ISO: First Ever IEO on a P2P Exchange
The SWEET Token IEO is already in progress at the swapsteem website! Please read more about the IEO in the post Swapsteem - Announcing First Ever IEO Hosted on A Peer to Peer Exchange!
Rate : 0.100 STEEM / SWEET
x
Soft Cap: 5000 STEEM
Hard Cap: 30000 STEEM
** Bonus: 25%, No Minimum Amount**
How to Participate in the IEO
To buy SWEET in the IEO, head over to our web application at https://swapsteem.com and Go to Buy SWEET! The page or directly visit this Link
Bonus
For All the Buyers who Buy SWEET during the IEO from @swapsteem will get an additional 25% bonus SWEET Tokens based on the amount of SWEET bought.
For example, Buying 1000 SWEET for 100 STEEM at the IEO rate will also get you 250 Bonus SWEET tokens raising your total tokens to 1250.
Why Should You Buy SWEET
SWEET is the native coin for Services offered by @swapsteem which includes @swapsteem (Peer to Peer Exchange for Steem), @steem-tip (Tipbot for Tipping with Steem based coins on multiple social networks), @steem-automation( Easy automation of Steem and Steem-engine related transactions) and some more projects in incubation.
SWEET holders are eligible for discounts up to 100% on our services as well as other HODLer perks. SWEET can also be used to Buy services provided by @swapsteem including Token Listings on our applications.
What's Next on the Roadmap
- More Pairs and Markets : We already have some more markets ready to be launched including the most awaited Steem-Engine tokens market with token/token and token/fiat pairs along with regular p2p markets for steem and SBD against ERC20, TRC20, EOS20, and BTS UIAs, etc. We will keep adding those markets gradually as we spike up in volumes on existing markets with better liquidity.
- Adding SWEET staking perks SWEET Token early adopters and stakers will be eligible for Hodler perks including discounted trades worth up to 100 % of the sweet staked and different token distribution by the sweet SCOT bot.
- Exchange Launch on 16th June As announced in the older posts, we are still hoping to launch the full-fledged exchange by 16th June.
- Swap-Witness @swapsteem is going to set up their own witness node via the @swap-witness account. We will make an announcement post as soon as the witness is set up and ready!
Contact Us
Github Repository
https://github.com/nirvanaitsolutions/swapsteem
Also Read
- Swapsteem - Introducing SweetBot - A Tipping Bot for Steem-Engine Tokens on Discord
- Swapsteem SWEET'Drop - Now you can earn SWEET Tokens for participating in discussions on our forum!
- Swapsteem - All You Need to Know about SwapSteem and the SWEET'Drop!
- Swapsteem SWEET'Drop: Increased and Automated Rewards
Special thanks to @steemium for helping us promote this post. We highly recommend using steemium to ensure maximum visibility to your posts via their promotion algorithm.
Upvote and Resteem this post to get SWEET Rewards in the Swapsteem SWEET'Drop!
wheres IEO going ? not clear from the post
What do you mean when you ask "where is IEO going?". The funds distribution has already been shared in our previous posts if you are interested in that.
You wrote that upvoting your posts will be rewarded with SWEET, did it already start?
Posted using Partiko Android
Yes, the Tokens will be sent after the airdrop is over and all 2.1 million SWEET tokens have been claimed.
Posted using Partiko Android
Thank you for the info. It will be like a little surprise for me haha
Posted using Partiko Android
The instant swap fees are like 13-14% to go from steem to BTC... WTF!
Excellent news
Posted using Partiko iOS
Please convince me it's safe to give my bank account info to a new crypto startup!
Good question, my friend.
Hey @alexhottel, treaders only share bank details with @swapsteem when there is a dispute within the trade and the agent needs to verify the payment.
In all best cases, the bank details are shared peer to peer between the traders via encrypted steem memo(recommended) or in dicord private chat!
Posted using Partiko Android
Good luck with your IEO! I’ll definitely be stopping by to buy some SWEET once I get enough Steem 😊
Posted using Partiko iOS
Are you guys going to have some official STEEM->USD sales listed by you guys or is it fully P2P?
It is fully P2P and anyone can create sale listings. We are promoting the application to get more visibility and attract some users.
Posted using Partiko Android
Sounds very good upvoted and resteemed
looks interesting, resteemed.
Good news for Steem!
Posted using Partiko Android
Sangat bagus post anda
retseemed and upvoted.
Very interesting, btw I see the site blank/empty. Is this problem only mine?
Posted using Partiko Android
Good job ... I will try to follow your steps.
About 158.35$ has been spent to promote this content using Steemium.
Learn more here!
looks a lucrative offer upvoted and retsteemed.
sounds great, upvoted and resteemed.
@swapsteem Team, Where i can see my balance of Sweet Tokens after buying it?
Thank you.
Posted using Partiko Android
Thank you for participating in the IEO!
You can check your balances in your steem-engine wallet on https://steem-engine.com, on steempeak.com and in the steem-keychain extension for chrome and Firefox.
Posted using Partiko Android
Welcome and now i am able to see my Token Balance. Thank you so much team.
Participated to IEO round and bought. Waiting to see my token on steem-engine wallet. just resteemed and upvoted too
You can check your token balances on steem-engine.com or in steem-keychain browser extension!
ok sounds good - I resteemed and upvoted too
upvote and resteem done.
This will take out a lot of the fees trading sites earn. I mean they do deserve a bit of fees but sometimes they are sooo profitable. Nice idea. Hope it works out great!
This is interesting. Goodluck, Hoping for the successful
HOW DO I GET A TOKEN ??I resteemed and upvoted --thanks
great team swapsteem. resteemed and upvoted.
@swapsteem, It's really great news team and definitely we are excited because you are coming up with Fiat System too which will widely benefit for sure.
Just have one query team and that is, while swapping Steem with other currencies, for example Bitcoin then how much fees we have to pay?
Thank you.
Posted using Partiko Android
For crypto swaps - 0.5% of the trade amount.
For P2P swap - 1% of the trade amount.
Posted using Partiko Android
Thank you so much for letting me know team. 👍
The idea is simple and miraculously great! It is very surprising that no one guessed to do it before, we always needed this exchange
yet to see my balance reflect on my steem-engine wallet
I can see them in your wallet. Please could you recheck?
Posted using Partiko Android
nice, resteem and upvote done.
when will we get the airdrop?
i have resteemed and upvoted.
this is nice. i upvoted and resteemed.
Each time more platforms are born that facilitate the handling and exchange of cryptocurrencies. We will have to start testing it. I remember when it was totally cumbersome to make exchanges
Steem needs this exchange really badly, good job!
nice, upvoted and resteemed
支持！
Posted using Partiko iOS
resteemed and upvoted.
whats the easiest way to get funds into my steem wallet? i am LOST....
that's nice
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Vote for @Steemitboard as a witness to get one more award and increased upvotes!
i resteemed and upvoted this post.
wow. this is great.
resteemed
resteemed and upvoted.
cool offer, any offer for delegating SP?
resteemed and upvoted.
Yes you can check out our SWEET'Drop post for Delegation related perks!
here is the link to the Post
upvoted and resteemed. is it on steem engine? i mean can we trade on there?
how to claim airdrop? i resteemed and upvoted your post.
fiat exchanges are good for the growth of steem. good addition for steem community.
This post has received a 80.98 % upvote from @boomerang.
You got a 11.84% upvote from @minnowvotes courtesy of @steemium!