What is Swingby?
Swingby was started development in 2018 with the aim of creating tool that will connect bitcoin with other existing blockchain platform. as of now, project launched as wrap speed protocol for cross-chain swap and allowing Decentralized finance user to perform asset transfer within blockchain without any involvement of trusted party. Network uses multi-party computing with layer 2 infrastructure to execute faster asset swap.
Skybridge is key feature of Swingby Protocol that seamlessly create bridges between different blockchain like Bitcoin, Ethereum, Binance Chain and other. in simple words Skybridge will move Bitcoin to Ethereum, Binance chain without central custody. So, network will be unveiling capabilities of DeFi including liquidity pool, Decentralized exchange and easy to use. Back in December 2020 Swingby become first ever network that launches Bitcoin bridging Ethereum via WBTC. Every bridge on network will be present as proof of stake consensus algorithmic network.
Project with simple vision where token no longer depended on single network, as it can be use on multiple blockchain platform. Swingby has built simple widget that allow user to bridge token with three simple steps i.e., Book Swap, Send tokens and complete process. In this process user just need to add destination address and then metanodes will form consensus and transfer coin to destinated address.
Swingby Price Prediction
|Month & Year||SWINGBY Price Prediction|
|Based on||Cross-chain swap|
|All-time high||$1.06 USD|
|Exchange Platform||Pancakeswap, Binance Dex, Probit Exchange, Hoo, Bilaxy, Poloniex.|
|Wallet||Trust Wallet, Atomic wallet.|
Swingby ICO Overview
|Raised by||$560,000 USD|
|Date of ICO||23rd July 2020|
|ICO Price||$0.025 USD|
|Partners||Kira Protocol, Band Protocol, Elrond, waves.|
Swingby Price Analysis
Swingby Token is based on BEP2 built on top of Binance chain. swingby Token will be added on other blockchain to which can established connection via Skybridge. Swingby Token also important for user that checking eligibility to participate in a TSS Group. Similar like other platform this token will be distributed for growth of Swingby ecosystem. Swingby Token listed on pancakeswap and now network will offer user to swap BEP2 Token into BEP20 easily. Swingby Token now traded at $1 USD price as per data from coinmarketcap recorded n 18th February 2020. Now comparing ICO price i.e., $0.025 USD Swingby Token surges by 3900%. Project sees huge ranking growth as project expected to be added in other top trading platform that will help them to connect with more investor, which can bring another bullish event in the run.
How Much Swingby Worth in 2030?
As per our analysis and demand of project it may worth $50 USD.
Is Swingby a Good Investment?
DYOR and consider this project for long term, as cross-chain swap and blockchain inter transaction still highly in demand.
Swingby who first network to brought inter blockchain transfer of bitcoin and other tokens is most reliable network. we know popularity and compatibility of DeFi field continue to grow and popularity of ERC20 by bridging token with Ethereum network is highly demanded. Swingby with Skybridge integration can utilize DEX, lending, borrowing protocol and AMM protocol on the network. in the newest technology project has introduced TSS means Threshold signature scheme that works for swaps and it used by open-source project. so, in future this project will unlocking DeFi features and will be responsible for growth of DeFi.