03/14/2018, 8:11:34 pm
Switcheo Network is a decentralized cryptocurrency exchange that is powered by NEO blockchain technology. It is where NEP-5 digital assets can be traded in a transparent and trustless way. Switcheo had decided to introduce the SWTH to replace SWH that was previously the utility token of the Network. This was done through a token swap at the ratio of 1:1.
The reason behind the token swap was because of SWH compatibility and operational issues discovered during the test-run of Switcheo Exchange v2.0. With the SWTH token, those operational and compatibility issues are believed to have been resolved. SWTH is a more secure and functional utility token