Swingby intends to deploy its Ethereum MainNet in early 2021, introducing Bitcoin to an environment that already has $750MM in Bitcoin money tied up in DeFi contracts. Swingby aspires to expand its reach to additional chains and projects, offering assistance where the greatest value can be contributed, based on interesting relationships with projects like Elrond, Waves, and Kira Protocol.
Swingby’s Skybridge bridge protocol creates permissionless bridges between BTC, Ethereum, Binance Chain, and other blockchains, which are protected by a set of devices that conduct quick token swaps utilizing layer 2’multi-party computing’ technology. It enables people to navigate Bitcoin tokens across the Bitcoin, Ethereum, and Binance Chain blockchains without depending on a central custodian, unlocking a world of DeFi features such as liquidity pooling and DEX trading with an easy-to-use user interface.
What is Swingby [SWINGBY]?
Swingby is a distributed cross-chain exchange technology that allows assets to be moved across blockchains. It creates trustless bridges between BTC, Ethereum, Binance Chain, and other blockchains, which are protected by a network of node groups and allow for quick inter-blockchain swaps using Threshold Signature Cryptography (TSS) and Multi-Party Computing (MPC) technology.
Who Are the Founders of Swingby [SWINGBY]?
Swingby Labs was founded in Singapore in 2018 by a group of cryptocurrency enthusiasts who came together to create tools for connecting Bitcoin to other blockchains. Jacob Samuel is the CTO of the Swingby network.
What Makes Swingby Unique?
Holders of Swingby tokens will be compensated for providing enhanced traffic to the bridge. Burns, in summary, contribute to a reduction in the overall quantity of Swingby tokens, making each token rarer than before!
The network will pay a greater APY to Metanode owners and liquidity providers as a result of the increased traffic.
Constant inflation of the bonded currency will help to stabilize the network by lowering the overall availability of the network for a given demand. As a result, it will also incentivize all Metanode members by raising the ratio of bonded tokens to total supply.
Where Can You Buy Swingby [SWINGBY]?
If you’re looking for a place to purchase Swingby, the best cryptocurrency exchanges to use right now are KuCoin, Gate.io, Hoo, PancakeSwap (V2), and Uniswap (V2).
Frequently Asked Questions
Can I Buy Swingby [SWINGBY] With Cash?
No. There is no direct method to purchase SWINGBY using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy Swingby [SWINGBY] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of Swingby [SWINGBY] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact SWINGBY’s price and market cap.
Swingby Official website – https://swingby.network/
Swingby Twitter – https://twitter.com/SwingbyProtocol