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Switcheo Exchange, a Singapore-based decentralized exchange hosting markets on the NEO and Ethereum blockchains, has announced an “Atomic Swap Lucky Draw” promotion. The event is designed to encourage volume on its SWTH/ETH trading pair, which uses atomic swaps (cross-chain trading) to transact directly between the Ethereum and NEO blockchains.

Lucky Draws

Switcheo’s event runs from May 6th to May 31st, 2019. Each week of the promotion, 25 winners will be drawn at random to receive a prize of 2,500 SWTH tokens each. To win, traders must:

  • Register with Switcheo Exchange;
  • Trade more than 0.5 ETH in volume on the SWTH/ETH market each week;
  • Hold 5,000 SWTH in their smart contract balance on the exchange.

Winners will be drawn every Friday.

In related news, NEO News Today recently interviewed Switcheo Exchange technical lead John Wong about his implementation of atomic swaps.

Switcheo’s full “Atomic Swap Lucky Draw” announcement can be viewed at the following link: https://medium.com/switcheo/atomic-swap-weekly-lucky-draw-win-from-a-pool-of-250-000-swth-aebef4d76d26