Blockchain
Neo and Switcheo Deepen Partnership with Significant Funding from Neo Eco Fund
Today, Switcheo announced an equity investment by Neo Eco Fund, underscoring Neo’s strong community commitment through its EcoBoost initiative. Since its launch in May 2019, the Neo EcoBoost program has played a key role in accelerating the growth and development of the Neo ecosystem by providing entire life-cycle support for projects and developers, thus showcasing Neo’s community-centric ethos.
In addition to investing in Switcheo, Neo is also committed to supporting the Switcheo Token (SWTH) by financing the redemption of SWTH tokens for GAS tokens to further boost confidence in the SWTH token by funding the SWTH/GAS market on Switcheo Exchange. Moreover, the price of SWTH will be supported with a price floor at a rate to be determined at a later date.
At the same time, Switcheo will deepen its support for the Neo ecosystem by allowing trading fees on Switcheo Exchange to be paid using GAS tokens instead of SWTH tokens. With this change, Switcheo will burn SWTH tokens off the market manually from fees collected every quarter. This new mechanism will provide traders with greater transparency as specialized trackers will no longer be needed to monitor burnt SWTH tokens.
As a leading decentralized cryptocurrency exchange on the Neo blockchain, Switcheo now allows trading of EOS, Ethereum, and NEO tokens as part of its promise to deliver a world-class trading experience by enabling cross-chain swapping capabilities across multiple blockchains.
“Neo and Switcheo are aligned in their vision of supporting an open community that builds upon the decentralized ethos of blockchain technology,” says Founder of Neo, Da Hongfei. As the preferred decentralized exchange on the Neo blockchain, Switcheo will continue to work in tandem with Neo in maintaining a robust developer ecosystem.
“We are delighted to announce this timely partnership as it is an exciting time for Switcheo with several new projects in the pipeline. With Neo’s support, this strategic partnership will further strengthen the Neo community and set the stage for Switcheo’s up-and-coming decentralized finance products,” says CEO of Switcheo, Ivan Poon.
SOURCE Switcheo Network
Fincover
Switzerland is set to host the highly anticipated Swiss WEB3FEST Winter Edition 2025, an unparalleled event series on innovation, investments and collaboration within the WEB3 ecosystem. Organized by Inacta Ventures, the event will unfold across iconic Swiss locations: Zug, Zurich, St. Moritz, and Davos, from January 13 to January 24, 2025.
Proudly titled in partnership with BitcoinOS, this event series promises to unite global leaders, investors, startups, and enthusiasts under one mission: unlocking the transformative potential of WEB3 technologies. Bitcoin is evolving beyond digital gold to become the foundation of a new economy. Innovations like those from BitcoinOS enable fast transactions, smart contracts, and decentralized applications, positioning Bitcoin as a key driver of the WEB3 revolution.
What is the WEB3FEST?
WEB3FEST is a global conference series focused on technology and innovation in AI, Blockchain and Sustainability. It serves as a vibrant hub where companies across the value chain – from agile startups to international corporations – converge to share ideas, build networks, and shape the future of the industry.
The Swiss WEB3FEST Winter Edition is taking place across Zug, Zurich, St. Moritz, and Davos during the World Economic Forum. It is designed to explore specific topics each day, connect the thriving Crypto Valley and Crypto Oasis ecosystems, and bridge diverse regions through meaningful collaboration. Attendees will have the opportunity to engage with thought leaders, pioneers, and visionaries in the blockchain space, fostering an environment of innovation and networking. Now in its 5th edition and the 2nd Winter Edition, WEB3FEST continues to be an important cornerstone for those looking to connect with global stakeholders, investors, and innovators in the world of Web3.
At the heart of this transformative event is BitcoinOS, whose groundbreaking advancements in Bitcoin technology redefine possibilities in Blockchain. Participating organizations such as aeternity Foundation, The Hashgraph Association, DFINITY Foundation / Internet Computer, Solana Foundation, Ledger, and Multibank.io add to the event’s relevance, reflecting its global influence and comprehensive approach to WEB3 innovation.
The investor events are co-created with Ordway Selections, a private investment office from Switzerland, to connect the participating early-stage investors, VCs and private equity institutions with outstanding investment opportunities.
Event Highlights
January 13, 2025
Kick-Off Night – Launch Swiss WEB3FEST with a dynamic networking evening at SHED Zug.
January 14, 2025
The Green Block Talks – Explore sustainability in AI and WEB3 at Trust Square, Zurich.
January 15, 2025
Crypto Valley Afterwork – Engage with innovators over cocktails at SHED Zug.
BitcoinOS Investor Dinner – Discover BitcoinOS’s vision and connect with top blockchain investors at SHED Zug.
January 16, 2025
Crypto Valley Afterwork – Enjoy informal networking at Pavarotti Wine Bar, St. Moritz.
January 17, 2025
WEB3 Talks – Gain insights from thought leaders at the Kempinski Hotel, St. Moritz.
WEB3 Investor Dinner – Celebrate Crypto Valley with an exclusive show & dining experience at Billionaires Restaurant, St. Moritz.
January 18, 2025
WEB3 Investor Circle – Network in the serene mountain setting of El Paradiso, St. Moritz.
January 21, 2025
WEB3 Investor Circle – Connect with investors during a private dinner in Davos.
January 22, 2025
WEB3 Talks – Dive into blockchain insights and future trends at the House of Trust, Davos.
OnlyFriends Party – Connect with WEB3 leaders in a lively, exclusive setting also at the House of Trust.
January 24, 2025
Shark Island – Witness groundbreaking startup pitches in a live treasure hunt at SHED Zug.
Recap Night – Reflect on the festival’s highlights during the concluding night at SHED Zug.
Powered by BitcoinOS
As the title partner, BitcoinOS is revolutionizing Bitcoin by bringing fast, secure transactions, smart contracts, and modern applications to the world’s most trusted blockchain. Their pioneering work includes the first verification of a zK proof on Bitcoin and numerous high-profile integrations with platforms like Cardano, Merlin, and BSquared. BitcoinOS’s innovations position it as a cornerstone of the WEB3 revolution and a driving force behind the success of WEB3FEST.
BitcoinOS’s vision aligns perfectly with WEB3FEST’s goal of fostering innovation and creating impactful connections across the blockchain ecosystem. By showcasing Bitcoin’s expanded capabilities, BitcoinOS emphasizes its role in shaping the next chapter of WEB3 development.
The post Swiss WEB3FEST Winter Edition 2025 appeared first on News, Events, Advertising Options.
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