Secure Swap
Secure Swap
Token: SSW


Welcome to the Future of Trading

ICO dates
Start date: 2019-01-01
End date:

Registrated in: Chile

Platform: Ethereum
Type: ERC20

PREMIUM ICO

Secure Swap categories
Software
Secure Swap whitepaper
Secure Swap token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 10000000 SSW
Hard cap 80000000 SSW
Tokens for sale 80,000,000
Token distribution in ICO
80%
80%
Price 1 SSW = 0.005 ETH
Minimal investment 0.1 ETH
Acceppting ETH
Secure Swap news, social
Secure Swap search trends in Google
Random whitepaper excerpts

Secure Swap White Paper
LEGAL MENTIONS
The purpose of this White Paper written by
Grey Matter Technologies SpA
(the “Company”)
is to present
the Secure Swap project. The information presented below may not be exhaustive and does not imply any
element of a contractual relationship. The sole purpose of this White Paper is to provide relevant and
reasonable information to potential token holders. Holders of SSW Token are invited to undertake a
thorough analysis of the company and to understand the current or potential future values of any acquired
SSW tokens.
Nothing in this White Paper shall be deemed to constitute a prospectus of any kind or an investment
solicitation, nor shall it relate in any way to an offer or solicitation of an offer to purchase securities in any
jurisdiction. This document is not composed in accordance with, and is not subject to, laws or regulations
of any jurisdiction which are designed to protect investors.
Certain statements, estimates and finan...

Secure Swap White Paper
SUMMARY
TABLE OF CONTENTS
Legal Mentions ................................................................................................................................................ 2
Presentation of Secure Swap ........................................................................................................................... 5
Introduction ................................................................................................................................................. 5
Market Status .................................................................................................................................................. 6
Centralized Exchanges ............................................................................................................................. 6
Decentralized Exchanges ......................................................................................................................... 6
Comparison of market shares......................

Secure Swap White Paper
Communication protocol for Secure Swap nodes ................................................................................. 32
Implementation of the communication protocol.................................................................................. 33
System that guarantees the atomicity and security of exchanges ............................................................ 35
Exchange performance .............................................................................................................................. 37
Indication of the status of the Exchange ................................................................................................... 38
Indications displayed by the client application ..................................................................................... 38
Indications accessible from gateway nodes .......................................................................................... 38
Secure Trade, the trading client application.....................

Secure Swap White Paper
PRESENTATION OF SECURE SWAP
INTRODUCTION

One more Exchange? The market is saturated with them!

No, Secure Swap is not just another decentralized Exchange (DEX). Its characteristics make it unique! It combines
the advantages of both centralized and decentralized Exchanges: liquidity, speed of execution, no need of trusted
third parties and resistance to hacking.
The Secure Swap platform is open source and without any central server. It is operated by the community,
and therefore does not require an operating company to function.
Its architecture is highly modular, allowing services to be added (crypto-currency support, fiat exchange
support and payment systems integration (cash-in/cash-out), liquidity provider support). Developers and
entrepreneurs can thus join and extend the Secure Swap community.
Thanks to its community operation, Secure Swap allows NodeOwners (users operating one or more gateway
nodes) to draw a source of income from it.
<...

Secure Swap White Paper
MARKET STATUS
Main characteristics of centralized and decentralized Exchanges:
CENTRALIZED EXCHANGES
Advantages:
- Good liquidity, even very good for the largest exchanges. This ensures a high market depth and
limited price slippage
1
.
- A good speed of execution of orders, thanks to a centralised order book and the available liquidity.
- A wide choice of exchangeable crypto-currencies.
- For some people the possibility of margin-trading.
Disadvantages:
- Transfer of ownership of digital assets to these Exchanges, which serve as trusted third parties.
- This centralization of assets is very attractive for hackers. This makes hacking very damaging, both
for the company operating the Exchange and for its customers.
- Risk of sudden closure, making the assets deposited there inaccessible. These closures can be
caused either by a bankruptcy of the Exchange operator.
- Frequent unavailability of services during periods of market panic. <...

Secure Swap White Paper
Insufficient liquidity is the main reason for the massive non-adoption of DEXs, with users finding the market
depth of centralized Exchanges preferable to the benefits of DEXs.
Slow order execution is also one of the reasons for this situation, but it is a less important cause than
insufficient liquidity.
The absence of margin-trading is also a reason for the disaffection of DEXs, at least for traders who practice
this type of trading on crypto-currencies.
No current DEX has these two characteristics combined (liquidity and speed). Those who do and claim to be
DEXs are relying on the fact that the operating company is the intermediate counterparty to the exchanges
to ensure their liquidity. The company exchanges the crypto-currencies for its tokens, at rates decided by
itself. It is the operating company that generally chooses the exchange rate of its tokens in regard to all
available crypto-currencies, sometimes via an ad hoc formula, sometimes even by simulating a price
sl...

Secure Swap White Paper
COMPARISON OF MARKET SHARES
Despite their respective advantages, a study of market shares shows that DEXs are significantly lower in
terms of volumes traded compared to centralized Exchanges.
Daily exchanges volume compared to centralized and decentralized Exchanges:
200000
180000
160000
180000
140000
120000
100000
80000
60000
114116
95965
77623
73164
40000
20000
0
19978
9204 8908 4398 4063 510 360 320
Binance
Kraken
BitShare
OKEx
Bittrex
IDEX (DEX)
Huobit
HitBTC
Poloniex
Yobit
OpenLedger DEX
Bitfinex
KuKoin
This graph shows the exchanges volumes for a few centralized Exchanges, and for the three decentralized
Exchanges that have the highest volume.
The volumes of BitShare, IDEX and OpenLedger DEXs are so small compared to centralized Exchanges that
they are not even visible on the graph...

Secure Swap White Paper
Comparative exchanges volume of decentralised Exchanges only:
600
500
510
400
360
300
320
200
212
201
187
100
97
55
0
BitShare
IDEX
CryptoBridge DEX Wave DEX
OpenLedger DEX Bancor
OasisDEX
Stellar DEX
Conclusion:
This comparison between centralized and decentralized Exchanges is irrefutable!
What is the main difference, responsible for this situation, and shared by all DEXs?
They are lacking in terms of the liquidity they have. Whatever their advantages, this lack of liquidity
condemns them to play an anecdotal role among Exchanges.
Some are trying to overcome this liquidity problem, such as Bancor and others, but their solutions either do
not really provide liquidity, or transform DEX into a market maker
3
that imposes its exchange rates, users
then lose control of the price of their transactions.
3
A financial intermedi...

Secure Swap Roadmap

1
November 2017-Jannuary 2018
The idea of the project emerged, initially as an arbitration system between trading platforms;
Market research
2
February - March 2018
Redefinition of the project as a hybrid exchanger;
Project launch, start of technical design and ICO definitions;
Domain reservation for the company and the ICO;
Technical preparation of the ICO;
Recruitment of animators for social networks.
3
April - June 2018
Recruitment of animators for social networks;
Writing of documents and website;
Translation of documents and website;
Redefinition of the project as a DEX exchanger.
4
July-August 2018
Creation of the operating company (Grey Matter Technologies SpA);
Setting up production servers for the ICO;
Complete system tests for the ICO (Website, servers, Blockchain);
Recruitment of the first advisor.
5
September - December 2018
Refactoring the project, rewriting and re-translation of documents, adding margin-trading to the project;
Complete system tests for the ICO (Website, servers, Blockchain);
Creation of communication channels on social networks;
Pre-ICO announcement on dedicated sites;
Public opening of the website.
6
January 2019 - Mai 2019
Pre-ICO start (January 1, 2019);
Follow-up of the Pre-ICO;
Pre-ICO end (February 28, 2019);
Review;
Start of hiring to strengthen development;
Start of ICO (March 1, 2019), renewable three-month period.
7
January - April 2019
Development of a demonstrator validating the principle of propagation of the order book, gateway nodes, client,
margin-trading and liquidity provision by arbitration nodes.
8
May - June 2019
Alpha version of the client application and the generic gateway node;
Pentesting.
9
July - September 2019
Alpha version of the arbitration node and the model node for fiat conversion;
Alpha version of the margin-trading node;
Pentesting.
10
October - December 2019
Beta version of all platform components;
Specialization of gateway nodes for the first supported crypto-currencies;
Pentesting.
11
January - March 2020
Release candidate version of the client application;
Release candidate version of the gateway nodes to the first supported crypto-currencies;
Launch of our own servers running gateway nodes;
Release candidate version of the arbitration node and operation on our own servers;
Release candidate version of the first exchange node to fiat currency, creation of a legal unit for exploitation;
First Bug Bounty campaign, on version in production.
12
April - June 2020
Release candidate version of the margin-trading node and operation on our own servers;
Specialization of the exchange node to fiat currency for a second currency, creation of a legal unit for exploitation;
Alpha version of the IOS and Android client application;
Bug Bounty Campaign;
Adding crypto-currencies supported by the platform (adding specialized gateway nodes).
13
July - September 2020
Beta version of the IOS and Android client application;
Bug Bounty Campaign;
Adding crypto-currencies supported by the platform (adding specialized gateway nodes);
Specialization of the exchange node to fiat currency for a third currency, creation of a legal unit for exploitation.
14
October - December 2020
Release candidate version of the IOS and Android client application;
Bug Bounty Campaign;
Adding crypto-currencies supported by the platform (adding specialized gateway nodes).
Specialization of the exchange node to fiat currency for two other currencies, creation of legal units for exploitation.
Alain Saffray
Alain Saffray CEO & Co-founder

Philippe Aubessard
Philippe Aubessard CTO & Co-founder

Victor Chukholskiy
Victor Chukholskiy Blockchain Engineer for Smart Contracts

Zhan Wei
Zhan Wei Mobile Security Engineer

Marc Rivoal
Marc Rivoal Software Architect Engineer

Rafael Romero Carmona
Rafael Romero Carmona Cloud Architect & DevOps Engineer

Sonia Montella
Sonia Montella Social animator

Iulia Valentina Galea
Iulia Valentina Galea Social animator

Kevin Vanstean
Kevin Vanstean Social animator

Henry Morera
Henry Morera Social animator

Richard Shibi
Advisors Richard Shibi Blockchain Entrepreneur | Market Influencer | ICO Adviser | Fundraising & Investors | PR & Marketing

Edouard Enault
Advisors Edouard Enault Financial Analyst & Aeroshot CEO

Richard Shibi
Richard Shibi
Blockchain Entrepreneur | Market Influencer | ICO Adviser | Fundraising & Investors | PR & Marketing
Advisor
Blockchain Innovation Director
Advisor
STO Advisor
Investor Relations Manager
Richard SHIBI
Richard SHIBI
ICO & STO Advisor, Fundraiser, 15 years in IT Industry
Advisor