Swapity Exchange Announces First Pair of Tokens Available for Swaps
With $114 billion of cryptocurrency market capitalization and 52% market dominance, it is no surprise that Bitcoin is part of the first pair of tokens that will be available for swaps on the Swapity Exchange in the next few days. Many have wondered what other token Swapity would initially choose to pair with the godfather of cryptocurrency.
The Swapity Exchange plans on having dozens of pairs available to swap as the cryptocurrency market continues to evolve. We plan to listen to users and holders of Swapcoin (SWP) to continue to expand the pairs available for simple, secure swaps so that the Swapity Exchange is well positioned to be responsive to the needs of the crypto community.
Ultimately, we chose Litecoin (LTC) to pair with BTC as we launch the Swapity Exchange. With $3.5 billion in market capitalization, Litecoin has been around since October of 2011, and has always positioned itself as a less volatile version of Bitcoin with much more utility for everyday transactions for most users. With near zero-cost peer-to-peer payments, Litecoin and its founder Charlie Lee have proven to have the long-term best interests of the mass adoption of cryptocurrencies as a top priority.
Swapity: Simple and Secure
If you have not heard of the Swapity Exchange before today there are just a few key features about how we operate that we want to share with you. Our approach is very simple, straightforward, and secure. If you have been following along for any part of our journey this may be a bit repetitive. Give us a little slack and stay with us as we keep beating our drum just a little bit. We are a just a bit excited because the hard work by our team is about to get very real.
No Account Needed
To swap tokens on the Swapity Exchange you will never have to create an account or give us any of your personal information. Not a bank account, credit card number, or even your email address.
Users Control Their Private Keys
Unlike exchanges where you purchase cryptos with some form of fiat currency and they hold your private keys until you move your digital assets to your own digital wallet, the Swapity Exchange never stores your private keys. There will never be a Wikipedia article like the one detailing the Mt Gox heist in regards to Swapity.
100% of Proceeds Paid to Holders of Swapcoin (SWP)
Satoshi Nakamoto and other early proponents of cryptocurrency heralded the universal fairness and transparency of Bitcoin and the potential of blockchain. We feel the same way here at Swapity. That’s why every 12 weeks holders of SWP will receive their proportional share of 100% of the proceeds of the Swapity Exchange.
We have more big news to announce tomorrow and in the days ahead. Stay tuned. Swapity: Simple and secure. The way crypto was meant to be.
