Switcheo, a decentralized exchange built on NEO has published issue 11 of its weekly round-up series.
It was a busy week for Switcheo, as the team spent most of its time attending and speaking at events as part of the NEO Japan Tour throughout June and July.
A notable event that Switcheo attended was the Japan Blockchain Conference Tokyo 2018. Over 10,000 people were in attendance, including representatives from the world’s largest crypto and tech publications like TechCrunch and CoinTelegraph. At the event, the team shared some of the features of the exchange, as well as the plans for Switcheo Exchange v2.0 that was announced May 4th.
There were also numerous other events and interviews that Switcheo participated in. CEO of Switcheo, Ivan Poon, had an interview with a well-known cryptocurrency YouTube channel named Crypto Love. While Switcheo’s co-founder, Jack Yeu gave a separate interview with Coin Tokyo, a cryptocurrency web agency with a strong readership in Japan. Jack spoke about the future of cryptocurrency exchanges and the vision of Switcheo as it moves towards its development goals.
The team also attended the BlockCo+ Tokyo Conference 2018. There were over 5,000 in attendance at the event, and the Switcheo team presented some of the upcoming features of the platform.
On June 29, the team posted its Switcheo token fee usage report that highlighted the number of SWTH tokens used as fees from the period of April 1st to June 29th. A total of 12.83% of all fees were paid with SWTH tokens according to the report. As an update to the report released in June, Switcheo stated that they have plans to increase the utility rate of their SWTH tokens with the release of its V2 Switcheo Exchange.
Finally, the team signed off with a reminder that it will cease trading and delist Ontology tokens on its platform. Trading will stop on the 6th of July, while Ontology tokens will be delisted from sometime in October.
More information on Switcheo can be found at the links below.