Token Swapping Platform Swaptor Launches on the Q Blockchain and Uses Q’s Governance Infrastructure

Swaptor’s launch on Q will elevate the safety and integrity of the token-swapping process, introducing a user-friendly swapping facility to the Q ecosystem.

Gamprin-Bendern, Liechtenstein — December 12, 2023: Q Development AG, a company supporting the development of the Q Protocol, announces a collaboration with Swaptor, a coin and NFT swapping platform.

This launch of Swaptor on Q will enhance the safety and integrity of the token-swapping process while introducing user-friendly features that promise to transform the landscape of decentralized finance (DeFi).

In the current intermediary-free ecosystem, user reliance on counterparties’ reliability is paramount. Swaptor addresses this challenge by introducing a trust-establishing mechanism, ensuring transparency and reliability throughout the swapping process.

To improve the security and integrity of the token-swapping process even further, Swaptor intends to use the Q Protocol’s governance features to safeguard the upgrade process of its smart contracts. This development will be supported by Q Development AG.

“This collaboration marks a significant milestone for both Q Development AG and Swaptor. The governance upgrade of Swaptor is set to make a substantial contribution to the broader blockchain community by establishing a safer environment for users involved in token-swapping activities,” stated Martin Schmidt, a key contributor to Q.

Hrvoje Kovačević, CEO of Swaptor, expressed excitement about the collaboration, stating, “I am thrilled about our partnership with Q Development AG. This marks an exciting collaboration where our platform guarantees a secure environment for the Q community in token swapping.”

About Swaptor

Swaptor is a specialized platform facilitating secure and efficient token swapping, with a focus on providing a secure environment for users and reducing exposure to potential security threats. The Swaptor team works closely with partners from Germany, Switzerland, France and the USA on various blockchain projects on Ethereum, Solana and Bitcoin infrastructure. The team is involved in building different DeFi protocols and bridges but was also involved in L1 blockchain development.

Technologies the team covers are — Solidity, Rust, Node.js, PHP, GO, React.js, Vue.js.

For media inquiries, please contact: info@berryblock.io

To learn more about Swaptor please visit: https://swaptor.io/

About Q Development AG

Q is an EVM-compatible blockchain protocol, redefining Web3 with its groundbreaking concept of shared governance security.

Q Development AG is a private company based in Gamprin-Bendern, Liechtenstein, whose main purpose is to advance the Q protocol and support the Q ecosystem.

For media inquiries, please contact Esther Katz: ek@qcore.team

To learn more about Q please visit: https://q.org/