Octopus Trade: SWFT Blockchain’s newest revolutionary releas...
Opinion, Press Release

Octopus Trade: SWFT Blockchain’s newest revolutionary release

Crypto enthusiasts that are keen on trading at the best possible prices from the entire crypto market can now be delighted: SWFT Blockchain just released the Octopus Trade, which is the answer to all their worries.

Everybody is searching for the best price when trading cryptocurrencies and that is both exhausting and difficult. The first step any crypto enthusiast will do is to research multiple exchanges, while searching for the best price. When you manage to finally identify the best price out there, you have to automatically send your funds to that specific exchange platform. After that, there is not much you can do until you receive the confirmation of funds being transferred, so this means you will have to wait for your crypto to be transferred from your wallet to the exchange platform.

By the time this actually happens, chances are that the best price you first identified some time ago, changed to a not-so-good price. Right before hitting the submit button to finally finish the exchange process, you find yourself in front of a poor exchange rate, which caused you to lose money and most importantly, time.

Luckily, SWFT Blockchain has been addressing this problem for some time. If you are asking what they did to solve this troublesome issue, it’s actually logical and simple: First, they introduced simple basic cryptocurrency swaps at the best possible prices available on the cryptocurrency market. Second, SWFT Blockchain introduced Mobile Wallet, so swapping could be done without the stress of copying/saving/forwarding addresses or blockchain congestion. This automatically transformed instant swaps from a lonesome dream into a tangible reality.

Because SWFT Blockchain has been giving trading their undivided attention, they have just recently presented a newer and better way of trading crypto, all while keeping the best exchange rates from the market. What they did is presenting an aggregator which provides live access to prices, as well as Buy and Sell orders from everywhere throughout the crypto-money market – thus, they enhanced access to live prices from exchange platforms such as Binance, OKEx, Huobi. All this is possible, without the stress and time-loss required to create different accounts on distinct exchanges or the eternal conquest of transferring your crypto from one platform to another. This opens the door to multiple trades on different exchanges from one single account, instead of the old-fashioned “one account for each exchange” way.

This “Octopus Trade” seems too good to be true, right. Well – the background is actually simple and easy to understand: What you would normally be doing is: you would go out and search for the best prices on all platforms, all alone. You would need to keep an eye on all the best exchanges available on the market, and trace them in real-time – you would be keeping a hand on each top exchange. This is where the tricky part occurs: you only have two hands and those exchange rates sometimes change at the blink of an eye.

It is practically, impossible to manage to successfully keep a track of more price changes for multiple cryptocurrencies, on several exchanges at the same time. However, what if you would have more than two hands? What if you were an octopus, with more hands and unmatchable agility? This task would start to actually seem possible. This is why the new trading tool offered by the SWFT team is called the “SWFT Octopus Trade”.

While there are plenty of fish in the sea, only one sea creature lets you be in multiple places at the same time. We know that there are plenty of exchanges in the crypto market, but only SWFT Octopus Trade will let you trade on different exchanges at the same time.

Ramble Lan, CEO of SWFT Blockchain

As we speak, Octopus Trade is already available in the Trade section, when accessing the SWFT Blockchain app. This can be downloaded and accessed from both iOS App Store and Google Play.

Since its launch date, there are already exchange markets available for BTC, ETH and USDT. USDT already has 14 trading pairs, while BTC only has 10 and ETH – 8 trading pairs. A SWFTC market and more overall pairs have been promised to appear soon.

About SWFT Blockchain

Founded in 2017, SWFT Blockchain is a next-generation, worldwide cross-chain transfer protocol and payment network. SWFT Blockchain’s technology combines blockchain, machine learning and big data to enable direct swaps between nearly 200 cryptocurrencies at record speeds. SWFT Blockchain’s wallet app features one-click in-wallet transfers, decentralized transfers, red packets, and peer-to-peer payments using SWFT Pay; offering a fast, affordable, and secure cryptocurrency experience. Meanwhile, SWFT Blockchain’s cryptocurrency transfer protocol enables users of some of the top cryptocurrency wallets to swap cryptocurrencies at the best rates, with record speeds and super low fees, without leaving their wallet. SWFT Blockchain has received funding from top VCs, including Draper Dragon and was in the first cohort of startups at Berkeley Blockchain Xcelerator. SWFT Octopus Trade is the newest addition to the SWFT Blockchain product family and the best tool to trade cryptocurrencies at the best prices on multiple exchanges at the same time.

Source: CryptoAdventure.

coinmag

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.

Leave a Comment

Your email address will not be published. Required fields are marked *