TECHNICAL GRANT APPLICATION – SWFT Allchain Bridge

#1

INTRODUCTION

SWFT Blockchain (www.swft.pro) was established in Silicon Valley in 2017. It is a cross-chain swap aggregator for DEX/CEX, both on-chain and off-chain. Combining blockchain and AI technology, it now supports all major public chains, including BTC, ETH, Polygon, Arbitrum, Polkadot, BSC, Heco, Solana, Terra, Fantom, Tron, OKX Chain, XRP, and 500+ cryptocurrencies. With one-click, users can enjoy a faster and safer cross-chain swap with low rates.

In five years, SWFT has established cooperation with many industry elites and the swap API has also been integrated into many well-known wallets, such as Coinbase Wallet, Ledger, TokenPocket, Ballet, Elippal, Math Wallet, OKX Web3 Wallet, iToken Wallet, BePal, MyKey, BitKeep, and more. Tokens listed in the SWFT platform enjoy exposure and traffic from many major wallets and platforms, leading to a potential increase in liquidity. SWFT has a mature risk control mechanism that ensures the safety of user assets, with no security incidents since its inception. SWFT has been selected as Berkeley Blockchain’s first ever Xcelerator’s.

The SWFT cross-chain aggregator will aggregate Conflux mainnet and token on the platform, to enable a cross-chain swap with multiple blockchain networks, including Ethereum, Bitcoin, BSC, TRON, and others. This system will provide a platform for users to swap cryptocurrencies without having to use multiple exchanges, thereby reducing costs and transaction times, then increasing liquidity and assets flow.

The objectives of the SWFT cross-chain aggregator project are to create a user-friendly and secure platform that enables users to easily swap from or to Conflux mainnet.

Success criteria of the project:
-High user satisfaction ratings based on feedback and surveys
-High trading volume on the platform
-Low transaction fees compared to other similar platforms
-A robust and scalable platform that can handle a high volume of transactions
Integration with multiple blockchain networks

Definitions, acronyms, and abbreviations

SWFT Blockchain: The company, was established in Silicon Valley in 2017
SWFT Allchain Bridge: The cross-chain swap platform. It can be directly connected to the user’s wallet, no registration or login required. The swap can be accomplished simply with one-click. Users now can swap between any token on any chain supported by SWFT, which greatly facilitates the smooth multi-chain flow of crypto assets for DeFi users.
Aggregator: A system that aggregates lots of DEX, CEX, Bridges into a single platform

TEAM:

Christina, CMO
Christina has ten (10) years’ experience in in marketing, PR and business development in Silicon Valley.

James - CTO
An early pioneer in the blockchain space with deep technical expertise.

Boris - Main Tech
Has over 5 years experience in cross-chain swap field

TOTAL BUDGET AND FUNDING TIER

3,000 USDT

CURRENT FUNCTIONALITY

Currently supports over 500 cryptocurrencies on ETH, BSC, POLYGON, HECO, FANTOM, XRPLedger, AVAX C-chain, Stellar, and over 30 other blockchains, and soon will include Conflux.

TECHNICAL PROPOSAL

Aggregate Conflux mainnet, and support cross-chain swap for related tokens.

SYSTEM MODEL

SWFT Allchain Bridge: https://defi.swft.pro/#/

DEVELOPMENT ROADMAP

10 business days to fully integrate Conflux

MAINTENANCE CONSIDERATIONS

We provide 24/7 customer service and tech support, through online c.s. system, and telegram group.

2 Likes
#2

That’d be very beneficial to the Conflux ecosystem!

Which bridges that are supported on Conflux eSpace do you already support?

1 Like
#3

Hello @SWFTBlockchain, thanks for applying for a grant. I’ve got a couple of questions:

  • Has SWFT Allchain Bridge been audited? If yes, can you provide more information about this and the audit report is possible?
  • How is the liquidity being managed? Is it owned by SWFT, or is decentralized?
  • Can you provide more information about the fees model?

Thanks!

1 Like
#4

Thanks for submitting your application @SWFTBlockchain! Just a couple questions:

  1. Will SWFT support Conflux eSpace and core mainnets?
  2. Can you provide more information on how new tokens are added to the exchange?

Thanks!

#5

Hey, thanks for your question.

Not yet. We currently are still working on the mainnet integration, soon will be supported. SWFT is a cross-chain swap and bridge, and it supports one click transaction for any two tokens from any chain already supported by SWFT platform. We are confident that we will become one of the main cross-chain bridge for Conflux, and provide basic services for the interoperability between assets on Conflux and other 30+ chains.

#6

Hi thanks for your question.

Our API and DApp have been integrated into lots of wallets, such as Coinbase Wallet, TokenPocket Wallet, OKX Web3 Wallet, Ellipal ect, and our wallet partner tech team reviewed out code, and we provide major cross-chain service for most of our wallet partners.

SWFT Allchain Bridge does not require users to provide liquidity, all of which are aggregated from other DEX, Bridge, and also SWFT itself. The security of liquidity is taken care of by SWFT.

Transaction costs are consist by two parts, 0.3% transaction fee + gas fee.

#7

Hi, thanks for your question.

SWFT will soon support the Conflux Core mainnet, which is expected to be 1-2 weeks.

Due to security considerations, SWFT does not currently support users to add token by themselves, for token listing, will need to contact our BD department, or DM our Twitter (https://twitter.com/SWFTBridge).

#8

Thanks for your answers @SWFTBlockchain, have a couple clarifying questions:

  1. So the proposal is just to integrate Conflux Core, and not Conflux eSpace. Is that correct?
  2. What bridges will you support on Conflux Core then, sorry it was not clear in your previous answers?
  3. What tokens will you support on Conflux Core?
  4. Re liquidity - you state the Conflux ecosystem will be required to provide liquidity. How much liquidity is required for each supported token?
  5. Can we include Conflux eSpace support?
#9

Hi Geoff,

  1. To clarify, we will support eSpace instead of Core, sorry for the confusion.

  2. SWFT is a bridge and cross-chain platform itself.

  3. Will start with $CFX token first, and then add more tokens according to the development of the ecosystem and also the needs of community users.

  4. We will aggregate liquidity from Multichain, and then expanded our pool according to the futher exchange volume.

  5. see answer 1.

Thanks again for your interests.

1 Like
#10

Thanks for your reply @SWFTBlockchain, so SWFT will just support Multichain bridge then on Conflux eSpace?