Inspiration
We inspired by idea of atomic swap. Atomic swap is a great way of decentralized p2p crypto swap. It's safe, no locks of assets by 3rd part, just contracts and UI. This idea is not realised in crypto space yet and our aim is to bring this idea into life! The Xinfin network is one of the most cheap and fast networks, so it is the best chain to start on. This also will help to bring assets into Xinfin network without centralized bridges!
What it does
Atomic swaps are automated, self-enforcing cryptocurrency exchange contracts that allow cryptocurrencies to be traded peer-to-peer without the need for a trusted third party. 2 sides are able to create transactions on different EVM blockchains and swap assets without third party.
How we built it
We developed contract supporting native currencies of EVM blockchains and ERC20 standard tokens, designed UI and built front-end. So the project consist of contracts and front-end.
Challenges we ran into
The main weakness of the concept is a complexity of the process. Users have to prepare and learn a little bit to know how it works. However, all p2p deals requires preparation. Atomic swap is decentralized and there is no refund of lost assets. The main challenge for us was to create the easiest process and UI for users and maximize usability of the platform.
Accomplishments that we're proud of
We are proud that created the first implementation of atomic swap concept in XDC Network, and did it on Xinfin Network. The platform gives to users new opportunity to swap assets directly and safely, and we proud that platform we made is easy to use.
What's next for AtomX
This is just first version of the project. There is no liquidity for p2p platforms as on dexes. So, the main goal for AtomX is growing community. Next steps of improving is supporting more chains and adding more features such as tokens validating, multiple swaps and much more.
Atomic swap. Decentralized p2p crypto swap platform.
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