The bounty program will end June 2019.

We will keep you informed of the operations afterwards.

Thank you to those who contributed.

Secure Swap Team.

Yea we need to fix the message on web site, in fact we don't reach the Soft cap, but in the meantime we decide to remove the soft cap and develop the minimal viable product with our own resources.
The bounty remains active because its main purpose is to make Secure Swap known.

We don't resume the ICO until we have a minimal exchange working and available.

Secure Swap Team.

Would you consider an IEO, perhaps? Currently, it has its own trend, people are leaning their trusts more on it, and it helps to get listed on the exchange holding the IEO once finished, so there's lots of perks. Although the reputation of the holding exchange should also be a good consideration to ensure success
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For now, we are working for make a minimal viable product of secure swap, with our own resources.
We think having a minimal working exchange and network can increase the trusts about Secure Swap, we restart ICO (or IEO ?) after that.

Some news about Secure Swap project.

After the failure of our first phase of ICO, we found the resources to develop a minimal version of Secure Swap without external funding.

Currently we have a pre-alpha version of Secure Trade, the trading client, a pre-alpha version of the base nodes, gateway nodes, with a first implementation of the gateway to Ethereum also in pre-alpha.

These developments are taking longer than planned because they are done with minimal financial resources.

The next priority topic will be the development of a sufficient version of the arbitration nodes to use for ourselves the arbitration system between third party trading platforms to provide to us a first source of funding.
Once these systems in alpha version, revised and corrected, the code will be opened in Open Source.

Secure Swap Team.

Reminder: Our Bounty Campaign still active !
We need translations and socials medias posts.

Thanks.

Hello all, we added a video presentation of Secure Swap on the top of this thread.

Hello all,

After evaluate it, we decide to migrate our core p2p system to libp2p: https://libp2p.io/

We are in pocess of rewrite our base p2p node system who integrate this lib.
We thinks the whole project benefit of capabilities of this new but very versatile p2p library.

Secure Swap Team.

Yes, you can exchange your WOD token for an ETH token from your MEW wallet directly with Secure Swap (or from any wallet for which you hold the private keys).
At the end of the exchange, you have the 2 ETHs on your MEW wallet, without using any other wallet.
The same applies to hardware Ledger/Trezor type wallets.

Philippe

Secure Swap does not have a specific wallet system, it uses the wallet systems of each cryptocurrency.
This means that if you hold the private keys of your wallets, you can import them into Secure Trade, the Secure Swap client application. So you can trade from your existing wallets without any prior transfer.  If you do not have a wallet, you can create one from Secure Trade, but you remain, there as well, the only holder of the private key (which is never transmitted on the network) and therefore the only holder of your funds

Two consequences to the above explanation:
- On the Secure Swap ecosystem, a company, a project, a team, or a person can add his token or his new coin, at no cost.
- But also, the NodeOwners community can remove a token if they deem it a Shitcoin.

Alain Saffray

On Secure Swap, a predefined list of tokens will be listed at launch.

A NodeOwner (node operator) can unlist the tokens of his choice. These tokens will then no longer be processed by his nodes.
If a token is specifically unlisted on more than 50% of the connected gateway nodes, then the unlisting automatically spreads to all nodes, and to all those that would later connect, causing the global unlisting of this token.

It is also mandatory that more than 50% of NodeOwners either:
- manually cancel the unlisting, or
- add the token to the list on their node
so that the token is listed again on all nodes, by propagation.

A minimum of three nodes that support a token or a coin is required for exchanges to be possible on Secure Swap.

For coins, only three connected gateway nodes supporting them are required for the coins to be listed. It is also necessary that the client plugin that manages this coin wallet is available (either created by us or by the team that develops this coin).

This described mechanism is valid for all supported blockchains.

Alain Saffray

A junk token is a totally normal token from the point of view of its smart contract. This means that such a token, if its smart contract is not killed (and it must be provided for in the smart contract), it will continue to exist as long as the Ethereum blockchain.
So, on an exchange, if there is a sell order for such a token, and you place a corresponding buy order, then the exchange will be done, and you will be the happy owner of such a token.

Alain Saffray

I download the Secure Trade application and install it on my computer, Windows, Mac, Linux, or on my smartphone, Android or Apple.

Secure Trade:

• Automatically connects to the Secure Swap network,
• Displays me the real-time prices of all available currencies that I want to buy or sell,
• Allows me to consult their respective order books,
• Allows me to do my technical analysis with advanced graphical tools,
• Allows me to do my background analysis with its news and alerts system.
• I can place buy or sell orders in any currency (Secure Swap is crypto-diagnostic). I have some digital assets on my wallet or Ledger key, and it is only when my order has found a counterparty that my assets are transferred to the counterparty, and vice versa.

If I am a trading expert, I can also:

• Take advantage of leverage with margin trading,
• Program automatic trading algorithms using an integrated graphical editor,
• Practice scalping without stress thanks to a scalping assistance tool.

You are accepted for Ukrainian WP translation. Send your e-mail address in private message for received the assets.

Thank you for your feedback.
Indeed, I know of at least one other project that obtains its liquidity in the same way as Secure Swap.

Alain Saffray.

Yes, basically all exchanges are similar. Except for exchangers that use their tokens as counterparties (example: Bancor), but this method implies that it is the exchanger that somehow sets the price of each crypto versus the token.



On Secure Swap, and probably also Kyber Swap, prices are defined by the market, via the order book, which constitutes the liquidity.
Having liquidity on the ETH/BTC pair, for example, means that there are many ETHs to sell in the order book against BTCs, possibly at different price levels.

To take a concrete example, if you want to exchange 200 ETH for 10 BTC (at market price, let's imagine here that 1 BTC is equal to 20 ETH), but on the Secure Swap order book there are only 5 BTC to exchange at this price, then the liquidity available in the Secure Swap order book is not high enough to serve that order.
Without any other solution, we wait...... So, rather than waiting for other traders to offer their BTCs for ETHs at this price, Secure Swap will use all the order books of the other Exchange-platforms to which it is connected, via its arbitrage nodes, to exploit their liquidity, and seek BTCs to exchange for ETHs at this price.

If the price requested is not insane, i. e. it is close to the market price, Secure Swap will necessarily find counterparts on the other Exchange-platforms, and therefore will be able to serve the order.

5 BTC against 100 ETH will then be served by Secure Swap's order book, therefore by its own liquidity, and 5 other BTC will be served via the order book of one (or more) other Exchange-platforms, whose liquidity (therefore their order books) will be used.

It must be understood that what is called "liquidity" is the total amount of quantities to be exchanged per price level that are in an order book.

So, to have an instant swap, Secure Swap must find the corresponding liquidity available.
This means that if you want to exchange 200 ETH for 10 BTC, Secure Swap must find symmetrical orders that want to exchange 10 BTC (or more) for 200 ETH (or less), either on the Secure Swap order book directly or on all the order books of the other available Exchange-platforms.

As a result, you understand that it is the market that determines prices, i.e. all traders who decide on their trading orders with limit prices.
Our team has no control over prices, it is the traders who make the prices, unlike the Exchange-platforms whose tokens serve as counterparts.

Alain Saffray.