First, welcome to the forum, SnapSwap!
It is good to see another Exchange, but with a slightly different mechanism. I myself always prefer exchanges with their own liquidity. As for exchanges like yours, I liked the mechanism you will use (based on what you have answered). As other members suggested, you should remove the No-KYC part since the exchange reserves the right to ask for a KYC.
For your information, many of these types of exchanges appeared in the last few years, but only a few survived because people do not feel comfortable using them. These exchanges suddenly freeze transactions and ask for documents that are impossible to provide, so I would expect something different from SnapSwap.
Still, I agree that “no-KYC” in the title is misleading, so I will update our ANN accordingly.
We are just getting started with this project, and part of our roadmap is to officially register a company to strengthen trust and credibility. For us, being transparent with the community from the beginning is very important.
Don't get upset about these questions and suggestions. I hope this will help your business a lot. You just need to hear the community's suggestions and see what they like and what they don't like.