Inter-Engine Swap and X-Swap via @coco-swap
You are a trader on Hive-Engine and/or Steem-Engine and would like to swap your
STEEMP / SWAP.STEEM / HIVEP / SWAP.HIVE
between Steem-Engine (SE) and Hive-Engine (HE) to take trading chances on the other Engine? Now you can do it easily.
@coco-swap offers 4 Swap-Pairs for that:
- Swap your HIVE and your STEEM between both Exchanges.
- X-Swap your HIVE to STEEM or your STEEM to HIVE between both Exchanges.
X-Swap is done at the latest HIVE and STEEM rate published on https://coingecko.com
And Coco-Swap is doing that green by supporting the CO2Fund project.
Standard Swap
SWAP.HIVE HE ⇆ HIVEP SE
SWAP.STEEM HE ⇆ STEEMP SE
How to Swap?
To swap tokens with Coco-Swap is absolutely easy:
Just transfer your tokens to @coco-swap. Done!
Be patient for about 5 minutes and find your swapped tokens on the other Engine.
Memo Options
| Memo | Effect of the Memo Field Entry |
|---|---|
| An empty memo field is the default: The tokens will be sent to the same account name on the other Engine your tokens have been sent from. | |
| @AnotherAccountName | The tokens will be sent to @AnotherAccountName on the other Engine. |
| AnotherAccountName | (see above) |
❗️ Do not write something else into the memo. (Besides an X or x for the X-Swap option.)
X-Swap (Cross-Swap)
Exchange Rate
The X-Swap will be done at the latest HIVE and STEEM rate published on CoinGecko: CoinGecko HIVE rate
CoinGecko STEEM rate
SWAP.HIVE HE ⇆ STEEMP SE
SWAP.STEEM HE ⇆ HIVEP SE
How to X-Swap?
To X-swap tokens with Coco-Swap is absolutely easy:
Just transfer your tokens to @coco-swap and add an X to your memo. Done!
Be patient for about 5 minutes and find your swapped tokens on the other Engine.
Memo Options
| Memo | Effect of the Memo Field Entry |
|---|---|
| X | The tokens of the other chain will be sent to the same account name on the other Engine your tokens have been sent from. |
| X @AnotherAccountName | The tokens of the other chain will be sent to @AnotherAccountName on the other Engine. |
| X AnotherAccountName | (see above) |
| @AnotherAccountName X | (see above) |
| AnotherAccountName X | (see above) |
❗️ Do not write something else into the memo.
Current Limits
@coco-swap starts with 500 HIVEP, 500 SWAP.HIVE, 500 SWAP.STEEM, 500 STEEMP. The limit of one transaction is simply the maximum of the available tokens needed to fulfill the swap on the other Engine.
At first it will be interesting to see whether STEEM and HIVE are swapped back and forth or will stuck on one engine or asset.
If the concept is welcome and works then of course there will be more token available for Swap and X-Swap soon.
Anyway it can be helpful to check the balances in advance:
The balances of @coco-swap can be checked here on Steem-Engine and
on Hive-Engine.
But don't worry: If the Swap or X-Swap can not be fulfilled your tokens will be refunded automatically.
What does it cost?
The transaction fee for Swap and X-Swap is 0.5% only.
Why is it green?
Through each transaction of course some CO2 is emitted. For this reason 20% of the fees will be used to support the CO2Fund project.
More elaborated solutions will follow if the Coco-Swap inter-engine Swap and X-Swap feature is appreciated by the 'Engine community'.
What to do if something has gone wrong?
At first don't panic. We will get things right again as long as your tokens haven't been sent to a different account. By the way, I own the account swap-coco too but ist's not a swap-account and just to catch the perhaps most common error. So what to do:
- Go to the channel coco-swap-issues on CO2Fund's Discord server: https://discord.gg/ZJjNRVv
- Send a comment to this or any other of my posts
So I hope you like the new trading opportunities that arise.
Happy swapping
Retinox
For some COCO and SWAP.COCO information
have a look at the CO2 compensation project - one of all of us:
All in Order to Convince: FAQ and the Concept in a Nutshell
Further information
- CO2Fund: Hive / Website / Discord
- CO2Fund is a section of the Simplex World Society: Hive / Website
- CO2Fund's White Paper
- CO2 Compensation Coin (Symbol: COCO) available on steem-engine.com
- CO2 Compensation Coin (Symbol: SWAP.COCO) available on hive-engine.com
- Number of COCO hold in CO2Fund's wallet (visible if you are logged in)
- Number of SWAP.COCO hold in CO2Fund's wallet (visible if you are logged in)
- Nomination of CO2 compensation projects
- Step by step guide how to compensate
- ‼️ Incentive Program for member acquisition. Get your reward!