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Swapsteem - Announcing the Swapsteem Beta, IEO and Roadmap! by swapsteem

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· @swapsteem · (edited)
$80.42
Swapsteem - Announcing the Swapsteem Beta, IEO and Roadmap!
![](https://steemitimages.com/0x0/https://i.imgur.com/LPMCchX.png)

### Introduction

#### What is SwapSteem

SwapSteem is a peer-to-peer, no custodian exchange platform built on the Steem blockchain. The main vision behind Swapsteem is to create a platform to enable Steem users to trade their STEEM/SBD for Fiat, Cryptocurrencies tokens, or pretty much anything with other users. It is a completely open source software licensed under AGPL and the license and source code can found on our GitHub repo.
We have installed a dynamic system on the SwapSteem UI, where trading parties signal each other for instant trading, and we connect the trading parties together to relate their terms and conditions of trade, and upon agreement, a trade is initiated between the users. For each trade, a trusted escrow agent is assigned for the cases when a dispute arises between the parties involved in the trade.

You can Log in and Trade on our exchange with your steem account or create a new one using the Sign up button on the Home Page at [https://swapsteem.com](https://swapsteem.com)

### What do we offer in our Beta

#### Insta Crypto Swap

Insta Swap is a term that means exchange of assets between individuals and exchange that provide a service to convert a cryptocurrency to another based upon the current market price. Insta Swap is a convention to encourage a genuine shared biological community for exchanging steem based assets to other crypto assets securely and near instantly under the moderation of a centralized exchange for quick automated withdrawals.

To swap your Cryptocurrencies instantly, you can use our Instant Swap feature powered by our partner [@onepagex](https://steemit.com/@onepagex). The Insta Swap feature enables you to swap the largest number of cryptocurrencies provided by any instant exchange with more than 140 coins supported and counting. The best thing is that is the only instant exchange with such facility that supports STEEM as one of the main pair besides blocktrades.us that support cross-chain swap.

Please read the following post to know more about how to instantly buy or sell cryptocurrencies for the lowest fees online.
[SwapSteem - Swap Crypto Currencies Near Instantly!](https://steempeak.com/utopian-io/@swapsteem/swapsteem-swap-crypto-currencies-near-instantly)

![Insta](https://steemitimages.com/0x0/https://i.imgur.com/O21ME1q.png)

#### Peer to Peer Fiat Swap for STEEM and SBD

FIat Swap is a term that means exchange of fiat currency between two individuals where Steem based assets are stored in a steem escrow transaction. Swap is a convention to encourage a genuine shared biological community for exchanging anything for STEEM blockchain based assets.

Swapsteem utilizes the inbuilt Escrow feature provided by the Steem blockchain for the security of funds. The STEEM/SBD is locked with a third party Escrow agent account until successful processing, who will have the authority to release the funds to either side in case of a dispute between the traders.
There is a time window of 2 hours for the Seller and Buyer to Initiate the escrow transaction and approve the escrow transaction. If the traders fail to complete the transaction until the deadline, the trade is canceled/rejected and any locked funds will be released to the Seller.
If the Escrow is transferred and approved by the traders, the agent will need to confirm the escrow too within the same deadline.
After the agent approval, again there is a window of 3 days from order creation for the Buyer and Seller to confirm the payment and Release the escrow respectively. If a dispute arises where the seller doesn't release funds after confirm payment or Buyer confirm payment without making a real deposit, or in case funds not released within the deadline, the escrow agent will have the authority to release the funds to either party depending upon the proofs presented by both parties.

![](https://steemitimages.com/0x0/https://i.imgur.com/SMrJSqF.png)
![](https://steemitimages.com/0x0/https://i.imgur.com/fBFzpWE.png)

#### SWEET ISO: First Ever IEO on a P2P Exchange

The SWEET Token IEO is already in progress at the swapsteem website! Please read more about the IEO in the post [Swapsteem - Announcing First Ever IEO Hosted on A Peer to Peer Exchange!](https://steempeak.com/swapsteem/@swapsteem/swapsteem-announcing-first-ever-ieo-hosted-on-a-peer-to-peer-exchange-pzygduox)
![Screenshot from 20190518 033208.png](https://steemitimages.com/0x0/https://files.steempeak.com/file/steempeak/swapsteem/Ak4YvBWB-Screenshot20from202019-05-182003-32-08.png)
**Rate : 0.100 STEEM / SWEET**
x
**Soft Cap: 5000 STEEM**

**Hard Cap: 30000 STEEM**

** Bonus: 25%, No Minimum Amount**

#### How to Participate in the IEO

To buy SWEET in the IEO, head over to our web application at [https://swapsteem.com](https://swapsteem.com) and Go to Buy SWEET! The page or directly visit this [Link](https://swapsteem.com/iso)

#### Bonus

For All the Buyers who Buy SWEET during the IEO from [@swapsteem](https://steemit.com/@swapsteem) will get an additional 25% bonus SWEET Tokens based on the amount of SWEET bought.
For example, Buying 1000 SWEET for 100 STEEM at the IEO rate will also get you 250 Bonus SWEET tokens raising your total tokens to 1250.

### Why Should You Buy SWEET

SWEET is the native coin for Services offered by [@swapsteem](https://steemit.com/@swapsteem) which includes [@swapsteem](https://steemit.com/@swapsteem) (Peer to Peer Exchange for Steem), [@steem-tip](https://steemit.com/@steem-tip) (Tipbot for Tipping with Steem based coins on multiple social networks), [@steem-automation](https://steemit.com/@steem-automation)( Easy automation of Steem and Steem-engine related transactions) and some more projects in incubation.
SWEET holders are eligible for discounts up to 100% on our services as well as other HODLer perks. SWEET can also be used to Buy services provided by [@swapsteem](https://steemit.com/@swapsteem) including Token Listings on our applications.

### What's Next on the Roadmap

- More Pairs and Markets : We already have some more markets ready to be launched including the most awaited Steem-Engine tokens market with token/token and token/fiat pairs along with regular p2p markets for steem and SBD against ERC20, TRC20, EOS20, and BTS UIAs, etc. We will keep adding those markets gradually as we spike up in volumes on existing markets with better liquidity.
- Adding SWEET staking perks SWEET Token early adopters and stakers will be eligible for Hodler perks including discounted trades worth up to 100 % of the sweet staked and different token distribution by the sweet SCOT bot.
- Exchange Launch on 16th June As announced in the older posts, we are still hoping to launch the full-fledged exchange by 16th June.
- Swap-Witness [@swapsteem](https://steemit.com/@swapsteem) is going to set up their own witness node via the [@swap-witness](https://steemit.com/@swap-witness) account. We will make an announcement post as soon as the witness is set up and ready!

### Contact Us

- [ Discord ](https://discord.gg/prVyhgp)
- [ Telegram ](https://t.me/joinchat/HmOj7BdTUedi7cONxxJHIA)
- [ Forum ](https://swapsteem.tokenbb.io)

### Github Repository

[https://github.com/nirvanaitsolutions/swapsteem](https://github.com/nirvanaitsolutions/swapsteem)

### Also Read

- [ Swapsteem  - Introducing SweetBot - A Tipping Bot for Steem-Engine Tokens on Discord](https://steempeak.com/swapsteem/@swapsteem/swapsteem-introducing-sweetbot-a-tipping-bot-for-steem-engine-tokens-on-discord)
- [Swapsteem SWEET'Drop - Now you can earn SWEET Tokens for participating in discussions on our forum!](https://steempeak.com/swapsteem/@swapsteem/swapsteem-sweet-drop-now-you-can-earn-sweet-tokens-for-participating-in-discussions-on-our-forum)
- [Swapsteem - All You Need to Know about SwapSteem and the SWEET'Drop!](https://steempeak.com/utopian-io/@swapsteem/swapsteem-all-you-need-to-know-about-swapsteem-and-the-sweet-drop-1554568467394)
- [Swapsteem SWEET'Drop: Increased and Automated Rewards](https://steempeak.com/utopian-io/@swapsteem/swapsteem-sweet-drop-increased-and-automated-rewards)

### Special thanks to [@steemium](https://steemit.com/@steemium) for helping us promote this post. We highly recommend using steemium to ensure maximum visibility to your posts via their promotion algorithm. 
### Upvote and Resteem this post to get SWEET Rewards in the Swapsteem SWEET'Drop!

![1024x262_swapsteem_rollin_fadeintop_fadeouttop_rollout.gif](https://steemitimages.com/0x0/https://files.steempeak.com/file/steempeak/swapsteem/gnT5T8Cz-1024x262_swapsteem_rollin_fadeintop_fadeouttop_rollout.gif)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 1649 others
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@steemium ·
$0.02
steemium-comment-1558133148054
About 158.35$ has been spent to promote this content using [Steemium.](https://steemium.com/?ref=swapsteem-announcing-the-swapsteem-beta-and-ieo-and-roadmap) <br> Learn more [here!](https://steemit.com/steem/@steemium/annoucing-steemium-steem-promotion-made-easy-cheap-and-intelligent)
👍  
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@travelersmemoire ·
$0.23
Good luck with your IEO!  I’ll definitely be stopping by to buy some SWEET once I get enough Steem 😊

Posted using [Partiko iOS](https://partiko.app/referral/travelersmemoire)
👍  
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@boomerang ·
This post has received a 80.98 % upvote from @boomerang.
👍  
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@joeparys ·
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You got a 74.10% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
👎  
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@minnowvotes ·
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You got a 11.84% upvote from @minnowvotes courtesy of @steemium!
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@daydreams4rock ·
$0.18
ok sounds good - I resteemed and upvoted too
👍  
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@delegate4upvotes ·
$0.20
Sounds very good upvoted and resteemed
👍  
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@chireerocks ·
$0.18
@swapsteem Team, Where i can see my balance of **Sweet Tokens** after buying it?

Thank you.

Posted using [Partiko Android](https://partiko.app/referral/chireerocks)
👍  ,
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@swapsteem ·
$0.19
Thank you for participating in the IEO!
You can check your balances in your steem-engine wallet on https://steem-engine.com, on steempeak.com and in the steem-keychain extension for chrome and Firefox.

Posted using [Partiko Android](https://partiko.app/referral/swapsteem)
👍  ,
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@chireerocks ·
$0.03
Welcome and now i am able to see my **Token Balance**. Thank you so much team.
👍  
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@anforo ·
$0.15
The idea is simple and miraculously great! It is very surprising that no one guessed to do it before, we always needed this exchange
👍  
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@venzam ·
$0.16
This is interesting. Goodluck, Hoping for the successful
👍  
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@poga88887 ·
$0.18
This will take out a lot of the fees trading sites earn. I mean they do deserve a bit of fees but sometimes they are sooo profitable. Nice idea. Hope it works out great!
👍  
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vote details (1)
@camzy ·
$0.17
yet to see my balance reflect on my steem-engine wallet
👍  ,
properties (23)
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authorcamzy
permlinkre-swapsteem-swapsteem-announcing-the-swapsteem-beta-and-ieo-and-roadmap-20190518t142606868z
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vote details (2)
@swapsteem ·
I can see them in your wallet. Please could you recheck?

Posted using [Partiko Android](https://partiko.app/referral/swapsteem)
👍  
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permlinkswapsteem-re-camzy-re-swapsteem-swapsteem-announcing-the-swapsteem-beta-and-ieo-and-roadmap-20190519t050312348z
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vote details (1)
@rishi556 ·
$0.21
Are you guys going to have some official STEEM->USD sales listed by you guys or is it fully P2P?
👍  ,
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permlinkre-swapsteem-swapsteem-announcing-the-swapsteem-beta-and-ieo-and-roadmap-20190518t160136518z
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vote details (2)
@swapsteem ·
It is fully P2P and anyone can create sale listings. We are promoting the application to get more visibility and attract some users.

Posted using [Partiko Android](https://partiko.app/referral/swapsteem)
👍  
properties (23)
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vote details (1)
@arcange ·
Congratulations @swapsteem!
Your post was mentioned in the [Steem Hit Parade](/hit-parade/@arcange/daily-hit-parade-20190517) in the following categories:

* Upvotes - Ranked 10 with 1422 upvotes
* Pending payout - Ranked 1 with $ 294,29
properties (22)
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authorarcange
permlinkre-swapsteem-announcing-the-swapsteem-beta-and-ieo-and-roadmap-20190517t180813000z
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@chireerocks ·
$0.17
@swapsteem, It's really great news team and definitely we are excited because you are coming up with **Fiat System** too which will widely benefit for sure.

Just have one query team and that is, while swapping Steem with other currencies, for example Bitcoin then how much fees we have to pay?

Thank you.

Posted using [Partiko Android](https://partiko.app/referral/chireerocks)
👍  
properties (23)
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vote details (1)
@swapsteem ·
For crypto swaps - 0.5% of the trade amount.
For P2P swap - 1% of the trade amount.

Posted using [Partiko Android](https://partiko.app/referral/swapsteem)
👍  ,
properties (23)
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vote details (2)
@chireerocks ·
Thank you so much for letting me know team. 👍
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@alexhottel ·
$0.25
Please convince me it's safe to give my bank account info to a new crypto startup!
👍  ,
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vote details (2)
@oldtimer ·
$0.21
Good question, my friend.
👍  
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permlinkre-alexhottel-re-swapsteem-swapsteem-announcing-the-swapsteem-beta-and-ieo-and-roadmap-20190519t013844471z
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vote details (1)
@swapsteem ·
$0.17
Hey @alexhottel, treaders only share  bank details with @swapsteem when there is a dispute within the trade and the agent needs to verify the payment. 
In all best cases, the bank details are shared peer to peer between the traders via encrypted steem memo(recommended) or in dicord private chat!

Posted using [Partiko Android](https://partiko.app/referral/swapsteem)
👍  ,
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vote details (2)
@steemstone ·
$0.20
looks interesting, resteemed.
👍  
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vote details (1)
@nainashareef ·
$0.19
looks a lucrative offer upvoted and retsteemed.
👍  
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vote details (1)
@kimjonson ·
$0.18
upvote and resteem done.
👍  
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vote details (1)
@centimeter ·
$0.16
this is nice. i upvoted and resteemed.
👍  
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@pyariannu ·
$0.15
nice, upvoted and resteemed
👍  
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vote details (1)
@salukhan ·
$0.19
sounds great, upvoted and resteemed.
👍  
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vote details (1)
@aqeelahussain ·
$0.19
retseemed and upvoted.
👍  
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vote details (1)
@alibaba987 ·
$0.20
Good news for Steem!

Posted using [Partiko Android](https://partiko.app/referral/alibaba987)
👍  
properties (23)
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vote details (1)
@marki99 ·
$0.16
Steem needs this exchange really badly, good job!
👍  
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vote details (1)
@hongkong6429 ·
$0.15
支持!

Posted using [Partiko iOS](https://partiko.app/referral/hongkong6429)
👍  
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vote details (1)
@daydreams4rock ·
$0.17
HOW DO I GET A TOKEN ??I resteemed and upvoted --thanks
👍  
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@iftikharkhan ·
$0.17
nice, resteem and upvote done.
👍  
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vote details (1)
@iftikharahmed ·
$0.16
when will we get the airdrop?
i have resteemed and upvoted.
👍  
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vote details (1)
@naeem3340 ·
$0.13
cool offer, any offer for delegating SP?
resteemed and upvoted.
👍  
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vote details (1)
@swapsteem ·
Yes you can check out our SWEET'Drop post for Delegation related perks!

here is the link [to the Post](https://steempeak.com/partiko/@swapsteem/swapsteem-sweetdrop-145k-sp-in-delegations-received-so-far-xanb7dy5)
👍  
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@bakhtawarraza ·
$0.14
i resteemed and upvoted this post.
👍  
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@naeem340 ·
$0.17
great team swapsteem. resteemed and upvoted.
👍  
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@duaraza · (edited)
$0.14
resteemed and upvoted.
👍  
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@frenchbread11 ·
$0.15
whats the easiest way to get funds into my steem wallet? i am LOST....
👍  
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@emmajonson ·
$0.15
that's nice
👍  
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@buttler ·
$0.15
resteemed and upvoted.
👍  
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@yddpl ·
$0.14
wow. this is great.
👍  
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@fatimanizakat ·
$0.14
resteemed
👍  
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@ummisalama ·
$0.13
upvoted and resteemed. is it on steem engine? i mean can we trade on there?
👍  
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vote details (1)
@alinamurtaza ·
$0.10
fiat exchanges are good for the growth of steem. good addition for steem community.
👍  
👎  
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vote details (2)
@komalmeher ·
$0.13
how to claim airdrop? i resteemed and upvoted your post.
👍  
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@steemshiro ·
$0.18
Participated to IEO round and bought. Waiting to see my token on steem-engine wallet. just resteemed and upvoted too
👍  , , , ,
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vote details (5)
@swapsteem ·
You can check your token balances on steem-engine.com or in steem-keychain browser extension!
👍  
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vote details (1)
@edgarare1 ·
$0.29
Excellent news 

Posted using [Partiko iOS](https://partiko.app/referral/edgarare1)
👍  ,
properties (23)
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vote details (2)
@cellomusic91 ·
$0.16
Each time more platforms are born that facilitate the handling and exchange of cryptocurrencies. We will have to start testing it. I remember when it was totally cumbersome to make exchanges
👍  
properties (23)
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vote details (1)
@memehub ·
$0.46
cxl0tltlb
The instant swap fees are like 13-14% to go from steem to BTC... WTF!
👍  , , ,
properties (23)
post_id75,015,970
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vote details (4)
@fasolo97 ·
$0.19
Very interesting, btw I see the site blank/empty. Is this problem only mine?

Posted using [Partiko Android](https://partiko.app/referral/fasolo97)
👍  
properties (23)
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vote details (1)
@aufa ·
$0.18
Sangat bagus post anda
👍  
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@edukasi ·
$0.19
Good job ... I will try to follow your steps.
👍  
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@dera123 ·
$0.47
You wrote that upvoting your posts will be rewarded with SWEET, did it already start?

Posted using [Partiko Android](https://partiko.app/referral/dera123)
👍  , ,
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vote details (3)
@swapsteem ·
$0.03
Yes, the Tokens will be sent after the airdrop is over and all 2.1 million SWEET tokens have been claimed.

Posted using [Partiko Android](https://partiko.app/referral/swapsteem)
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vote details (2)
@dera123 ·
$0.28
Thank you for the info. It will be like a little surprise for me haha

Posted using [Partiko Android](https://partiko.app/referral/dera123)
👍  , , , ,
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vote details (5)
@kingscrown ·
$1.63
wheres IEO going ? not clear from the post
👍  , , ,
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vote details (4)
@swapsteem ·
What do you mean when you ask "where is IEO going?". The funds distribution has already been shared in our previous posts if you are interested in that.
👍  
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vote details (1)
@ajks ·
Wow that's amazing going to try this platform

Posted using [Partiko Android](https://partiko.app/referral/ajks)
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@jesus.vikernes ·
Ooohhh 😱

Posted using [Partiko iOS](https://partiko.app/referral/jesus.vikernes)
properties (22)
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@daydreams4rock ·
I resteemed voted and commented positively on your blog - where is my reward???
properties (22)
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permlinkps0asq
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@steemitboard ·
$0.15
Congratulations @swapsteem! You received a personal award!

<table><tr><td>https://steemitimages.com/70x70/https://steemitboard.com/@swapsteem/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@swapsteem) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=swapsteem)_</sub>


###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
👍  
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vote details (1)