The Switcheo Journey

Switcheo began in March 2018 when the founders realised that there is no place to trade his NEP5 tokens if centralized exchanges didn’t list them. As such, they sought out the best developers in Singapore to develop a NEP5 exchange. Since then, Switcheo has evolved to be so much more, and is aiming to be the first fully decentralized multi-chain derivatives exchange.

Despite launching during the most serious bear market since 2013, Switcheo did not perish like many other projects in that period. Instead they persevered on, launching innovations that were unprecedented, such as the first fully functional NEO-ETH atomic swaps.

Major Milestones:


 * Feb 2018 – ICO: Raised USD 8,700,000 with ICO price at 1.6 cents
 * March 2018: Beat competitor Nash (formerly NEX) to launch the world’s first DEX for NEP5 tokens with 2 million trade volume in the first week.
 * Jun 2018: Contributed to ledger codebase, enabling Neo users to use ledger with web apps.
 * Feb 2019: Launched non-custodian Multichain account for users to access ETH, NEO and EOS coins with a single login.
 * Apr 2019: 1st in the world to launch NEO-ETH decentralized atomic swaps with AMM
 * Mar 2020: Set up non-profit organization Switcheo Foundation to champion DeFi
 * Aug 2020: Switcheo Tradehub soft-launched with staking enabled.
 * Oct 2020: Launched first DEX on Zilliqa, Zilswap
 * Oct 2020: Governance Module launched
 * Dec 2020: 1st to launch NEP5-ERC20 cross-chain liquidity pools
 * Mar 2020: Integrated Binance Smart Chain to be world's first triple-chain NEO-ETH-BSC DEX

At present, the Switcheo ecosystem consist of :


 * Switcheo.exchange – the 1st Neo-Eth Decentralised exchange
 * Demex- Decentralised Bitmex
 * Zilswap – the first Zil DEX supporting XSGD (the first SGD stablecoin)
 * Switcheo Foundation – An initiative to democratize and champion DeFi