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Why can Jingtong SWT still trade (why Jingtong cannot log in)

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Why can Jingtong SWT still trade (why Jingtong cannot log in)

Why can Jingtong SWT still trade? Why can Jingtong SWT still trade According to public information, the total value of locked in assets (TVL) on the Bitcoin chain has exceeded $1 billion. Based on the current market value of BTC, this fund is mainly used for mining in mining pools, and with the development of DeFi ecology and the implementation of blockchain technology, this large-scale growth rate will become faster and faster. According to statistics, as of August 30th, users who have pledged over 100 million SWTs are eligible to participate in mining activities So, why is Jingtong SWT still worth using for users From the historical development of Well Tong SWT, as of around 3am on February 28, 2018, the price of SWAP tokens launched on the Coin On platform was RMB 0.006, while the average price of BTT, HT, EOS and other tokens launched on the CoinMarketCap exchange fluctuated between $0.0015 and $0.089. (Data comes from coinmarketcap) In addition to the above two aspects, Jingtong also has two features: first, it supports Lightning Network payment and micro transfer through Bitcoin; Secondly, BTC can be purchased using ETH and deposited into mainstream exchanges such as Huocoin to obtain liquidity, and USDT can also be used for legal currency deposit; The third is to provide Bitcoin deduction transaction fee service

Why can’t Jingtong log in

Yangdong, founder of Jingtong, wrote in the article “Explanation on Not Logging in to the Exchange”: If users want to transfer transactions, they must log in through Jingtong Wallet.

. Otherwise, one cannot use their own account or password to send and receive funds, and cannot achieve secure storage, transfer, and extraction of assets, resulting in account management risks But why can users log in with their own wallets? This is because Jingtong Wallet is an open network service ecosystem rather than a single centralized platform (such as a decentralized exchange). At present, Jingtong’s authentication system is a Digital identity authentication system based on blockchain technology, which can help users effectively protect their personal privacy. (Block rhythm)

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