A Premier Fully-Decentralized Token Swap Platform Integrated with a Private Trusted Cloud Ecosystem

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Swingby is a high-speed protocol enabling inter-blockchain swaps in a trustless environment. The platform consists of 3 different components that allow inter- operability swaps across blockchains (swapping BTC into BTC.B on Binance Chain),  a  trusted  cloud  environment  (with  physical  servers  deployed underground), and a Binance chain based protocol to facilitate swapping of assets between any tokens.

Company Overview

Incorporated in Singapore, Swingby seeks to bridge two separate blockchains through swaps to enhance liquidity and accelerate the potential adoption of these networks. The project is creating a decentralized cross-chain protocol which soft pegs BTC, ETH, BNB or any other native tokens across chains through decentralised custody.

Here are several issues the project seeks to resolve:

•Scalability  limitations  that  will  result  in  a  negative performance

•Inefficiencies with cross-chain interoperability, while most platforms focus is on Ethereum, not many have plans to bridge Bitcoin and Binance chain

•Enabling liquidity on secondary chains

•2-way pegged mechanisms that require a “trusted centralized custodian”

Product & Strategy

Swingby is an ecosystem of products that enables the swapping of tokens (Inter-blockchain & Token-to-Token) between blockchains in a trustless cloud environment. With a vision of deploying “Bitcoin across all chains”, the team’s goal is to enhance liquidity and cross-chain interoperability of Bitcoin (BTC) for a start. This is done without having the need for trusted custody (e.g. Kyber Network), allowing the transfer of value in a fully decentralised manner. The Swingby Platform encompasses 3 different components:

1. Swingby Skybridge (For Inter-blockchain Swaps)

2. Swingby Trusted Cloud (Cloud Compute Environment)

3. Swingby SkyPool(DecentralisedSwappingExchange of Tokens)

There’s more to this report

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