Switcheo successfully raises new investments. Radical changes to its currency (SWTH)
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Answer Switcheo successfully raises new investments. Radical changes to its currency (SWTH)
Switcheo – a decentralized platform that offers trading for NEO, Ethereum (ETH) and EOS – has announced that it has successfully raised an investment from NEO Eco Fund, which is part of the NEO EcoBoost support initiative for its ecosystem.
Under the terms of the investment, it is planned that no trading fees will be collected from the SWTH currency. Starting on February 11, the NEO Gas Token (GAS) will be accepted for a trading fee.
The SWTH cryptocurrency price will also be supported by the “minimum price” in the SWTH/GAS trading pair and the exact price will be announced later.
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Burn SWTH Coins:
Switcheo intends to continue burning SWTH tokens manually “using at least 50 percent of the trading fee every three months.”
A new program will also be introduced on February 11, where holders of 300,000 SWTH tokens or more will receive additional discounts for trading within the platform.
Financial decentralization:
Also included press release Announcing the many new projects that will be launched by the Switcheo platform, the CEO of the platform stated: “With the support of NEO Network, we will use the strategic partnership to support the NEO community and prepare new Switcheo products related to financial decentralization.”
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