Switcheo DeFi Foundation announcement will add more cheers to the exchange’s second-anniversary celebrations. The crypto exchange aims to focus extensively on Decentralized Finance ecosystem development since it views DeFi as an essential milestone in its future growth trajectory. Additionally, the exchange is gearing up to celebrate its second anniversary with a week-long rewards extravaganza.
Switcheo (@SwitcheoNetwork ) announces a new ambitious project as part of their larger vision for self-sovereignty of wealth accumulation: Switcheo Foundation.
— Marcin Pawel (@MarcinPress) March 22, 2020
Launched in 2018, the non-custodial exchange started its journey in 2017 in a COZ dApp competition. Switcheo focuses on Ethereum cross-chain functionality. The burgeoning DeFi market is attracting both veteran and new players alike.
Switcheo celebrates the second anniversary with a rewards program
Switcheo exchange is celebrating its second anniversary by giving rewards to its users for one full week. Winners will be revealed on the exchange’s social media channels. A tweet will inform the users about daily challenges and participation details. Discounts, rewards, and prizes await winners every day.
As per their official announcement, Switcheo has been operating successfully for the past two years and now wants to venture into the DeFi realm. Switcheo’s vision now guides it to pursue decentralized financial markets. It aims to radicalize decentralized finance using innovative and disruptive solutions that go beyond just Bitcoin.
Switcheo DeFi Foundation – Enroute to becoming DeFi leader
The vision behind the proposed Switcheo DeFi Foundation lays emphasis on developing a genuinely transparent platform to power tomorrow’s decentralized financial instruments. The need to shun unfair censorship will drive the urge to create truly democratic solutions that don’t depend on bureaucracy and red tape by centralized entities. Currently, Switcheo believes that offering users access to advance Switcheo DeFi Foundation and similar platforms are essential to building a decentralized community.
The proposed project aims to bring together other industry participants onboard and ultimately sees itself play the role of a decentralized autonomous organization (DAO). Then, it will serve more organic purposes, like overseeing the community and marketing operations of the Switcheo DeFi Foundation.