Swapbox

Serverless and exchangeless crypto cash machine powered by free software and open hardware.

[Swapbox @SwapBoxCash]

Discover Swapbox, the first serverless, exchangeless crypto ATM powered by smart contracts and decentralized exchange.
To learn more, visit https://t.co/uDIigcIkFn and follow us on Twitter!

[Swapbox @SwapBoxCash]

@odysseas_eth @hrkrshnn @0xbowio Come to devconnect argentina in november ;) Project is undergoing a bit of restructuring rn

[Swapbox @SwapBoxCash]

@odysseas_eth @josephdelong @evabeylin Development isn't totally dead. Unfortunately I had to let go of the team last year due to lack of funding, and have been busy moving to a new country. As of now working solo on the project (lots of uncommitted code being cleaned up this past month). Hardware is a bitch!

[Swapbox @SwapBoxCash]

To stay in the loop, make sure you follow us. If you are a dev willing to help, you can join our Telegram Dev group https://t.co/Ro8hUB9OMM.

You can donate to our Gitcoin Grants https://t.co/bK3Z15XoNA or simply visit our website https://t.co/uDIigcHMPP.

[Swapbox @SwapBoxCash]

Swapbox introduces a novel way to swap banknotes for crypto using DeFi. But how does it work under the hood?

Swapbox is a physical crypto exchange platform. Like any exchange, it needs liquidity.

Where does the liquidity come from?

A 🧵

[Swapbox @SwapBoxCash]

To prevent this risk, the amount the user sends to the machine is higher than the required amount, and any excess will be sent back to the user. The operator fee is also collected at that time.

[Swapbox @SwapBoxCash]

@LarryLasermind Everything that is distributed is decentralised, but everything that is decentralised is not necessarily distributed.

We wanted to keep things simple in this thread, but you are right 😄

[Swapbox @SwapBoxCash]

Why do you keep misusing crypto buzzwords, anon?

Decentralised, trustless, transparent.

A lot of projects keep misusing these blockchain values and confusing users. (On purpose ?)

Let's clarify these buzzwords and help you spot projects that are misusing them!

🧵

[Swapbox @SwapBoxCash]

Are you tired of seeing these buzzwords everywhere? Share this thread and follow us for more crypto educational content, anon.

[Swapbox @SwapBoxCash]

Unfortunately, lots of people and projects in DeFi create confusion by misusing these words for marketing or fundraising purposes. While they are essentially lying to their users, it crowds out the legitimate projects that are working hard to embrace these principles.