RE: Swapsteem - All You Need to Know about SwapSteem and the SWEET'Drop!

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RE: Swapsteem - All You Need to Know about SwapSteem and the SWEET'Drop!

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mistakili in #utopian-io • 6 years ago

An aspiring agent must stake some SWEET with SwapSteem. The value of deposited SWEET, however, depends on each agent.
The amount of staked SWEET is equivalent to the amount of trade the agent can escrow at a time. For instance: Aaron wants to become an agent, and he staked 1000 SWEET by making a deposit to SwapSteem, he will be able to escrow trades that sum up worth below 1000 SWEET at a time. Aaron can increase his deposits to increase the maximum volume of Trades he can escrow on the platform.
The deposited Steem stands as collateral if Aaron decides to fraud the system and help one party to defraud the other.

What's in for the agent?

At SwapSteem we offer the fiat market for traders to exchange Cryptocurrency for local currency. We are aware of how some countries have placed ban/restrictions on their citizens to perform Crypto trade, which makes trading their Crypto for fiat difficult.

Does this mean, it is possible I can create an order indicating my interest to purchase steem with fiat through paypal?

6 years ago in #utopian-io by mistakili

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swapsteem 6 years ago

An agent will be able to moderate trades on our platform as a third party escrow manager. They can select the fee they will be charging explicitly and earn fees when someone selects them a the agent.

Yes you are completely Right about the Fiat gateway with PayPal. There is also option to make Fiat payments with bank transfer.

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mistakili 6 years ago

More coins will be added soon as we deem fit, or as per requested by our traders.

We highly request for usd

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swapsteem 6 years ago

USD will be supported for sure

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mistakili 6 years ago (edited)

We currently accept two payment methods on our fiat market,
A. Bank transfer.
B. PayPal.
Fiat currencies we currently support on our platform:

Indian Rupee (INR).
Korean Won (KRW).
Canadian Dollars (CAD).
Euro (EUR)
British Pound (GBP)
More coins will be added soon as we deem fit, or as per requested by our traders.

your words.....but its cool now

*Hey @adeyemidrey! Please checkout @swapsteem, A secure peer to peer exchange built on steem! Use my referral link to https://swapsteem.com/?ref=mistakili

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swapsteem 6 years ago

swapsteem.com is a demo app. The mentioned Fiat currencies will surely be available on the beta, scheduled to be launched sometime soon.

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mistakili 6 years ago

Right...looking forward to that, kudos to the team.

All the best

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mistakili 6 years ago

I just made a referral but got no sweets

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swapsteem 6 years ago

Referral rewards are paid out when the referred user logs in to our application with your referral link.
Rewards are paid out once or twice a day only. You might have to wait for the next distribution round to receive your tokens.
Please read the Rules Sections carefully for more information.

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mistakili 6 years ago

Referral rewards are paid out when the referred user logs in to our application with your referral link.

yep, did as instructed.

You might have to wait for the next distribution round to receive your tokens.

okay then, will wait...thanks for your response

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swapsteem 6 years ago

rewards are paid out when the referred user logs in to our application with your referral link.
Rewards are paid out once or twice a day only. You might have to wait for the next distribution round to receive your tokens.
Please read the Rules Sections carefully for more information.

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