Thank you for the warm welcome @ines_valerie ! I’m glad you’re enjoying reading about the project.
As for the milestones, I’m currently working through some of the foundational aspects and focusing on getting the first basic concept of the project to function properly. Once that’s in place, I’ll update the upcoming features, milestones, and overall roadmap, which will cover feature launches, the MVP, and the final product release.
alright this is cool
one more questions, incase I want to swap 1000 trx to eth, will it be instant? or
since there is no liquidity pool and others… I want to understand the whole process
Great question! Atomix is peer-to-peer, so if there’s a User B ready to accept the swap, it can be nearly instant. Since we’re not relying on liquidity pools or middlemen, if someone is willing to swap ETH for your 1000 TRX, the process will happen quickly and smoothly.
However, if no one is available to match your swap right away, it will stay open until a counterparty shows up. If no one accepts the swap within the time lock period, the transaction will automatically cancel, and your tokens will be refunded.
It’s not about the amount you’re swapping, whether it’s $1 or $10,000—if there’s someone ready to accept the swap, the process will be just as fast, and it will happen instantly.
You also have the option to make the swap instant between two known parties by sharing the secretHash link or QR code directly with someone you know (e.g., a friend). This makes direct swaps super easy and fast!
this is the same as nft marketplace, selling nft is one of the hardest thing i have come across in this crypto space.
with is model, you have a lot to do. For instance if my order get cancelled for two or more times, I may stop using your platform so one thing that will drive more users to your platform is ready market. What plans do you have about that?
@Prince-Onscolo , the purpose of Atomix is not fast asset trading. Traditional trading platforms like CEXs (centralized exchanges) or DEXs (decentralized exchanges) are built for that. These platforms often use techniques such as wrappers, bridges, and liquidity pools along with custodians and centralized linking, to make transactions faster. While speed is beneficial for trading, it comes with significant trade-offs.
For example, with these traditional platforms:
Trust in intermediaries: You need to trust centralized entities or third parties with your funds. This increases the risk of scams or hacks, where users could lose their assets.
Centralized control: Users are required to hand over control of their assets to centralized authorities or platforms that act as custodians.
KYC and Identity Verification: In centralized exchanges (CEXs), you often need to complete KYC (Know Your Customer) processes and give personal information, which can be a privacy concern for many users.
High fees: These platforms often charge higher transaction fees, especially when intermediaries are involved, even if you’re familiar with the person you’re sending to.
Atomix solves these problems by enabling peer-to-peer cross-chain swaps with no need for intermediaries:
No middlemen: There are no bridges, wrappers, or liquidity pools involved.
No KYC or identity verification: All transactions are conducted anonymously, maintaining user privacy and control.
Fully decentralized: Atomix respects the core principles of blockchain—decentralization and ownership. Users stay in control of their private keys and funds throughout the process.
No platform fees: There are no platform fees or additional charges for middlemen, unlike what you’d experience with CEXs or DEXs.
Atomix focus of peer-to-peercross-chain multi asset swap, and not trading. It is ideal for users seeking a secure, trustless, and decentralized solution for cross-chain swaps, allowing them to enjoy the benefits of blockchain without the need for intermediaries or high fees and maintaining anonymity.
And also this will be the go-to choice for peer-to-peer swaps of any asset or token, whether it’s inside-chain or cross-chain.
Future Plans:
I’m also planning to introduce a decentralized liquidity pool feature down the milestone. This would allow users who prefer instant transactions to have that option, while maintaining the same level of security and decentralization. Users opting for this faster swap option would pay a small platform fee, but it would still operate without any of the trade-offs involved in traditional platforms.
Right now, our primary goal is to build a robust and user-centric platform, focusing on security, transparency, and decentralization. At this stage, Atomix is non-profitable because we’re concentrating on creating a secure, peer-to-peer platform. The platform is self-sustaining, with maintenance only involving bug fixes, security improvements, and feature enhancements, so operational overhead is minimal.
In the future, as the platform grows and matures, we’re open to exploring potential revenue models. One idea is to offer optional premium features for users who want instant transactions via decentralized liquidity pools, while keeping the core functionalities free and decentralized for all users.
@Nweke-nature1.com , to enable instant transactions, we will indeed need to set up mechanisms like liquidity pools and oracles to ensure fast and accurate swaps. These additions come with their own costs, such as maintenance, managing liquidity, and compensating liquidators.
To cover these operational costs and ensure the platform remains sustainable, a platform fee will be required for fast transactions. So, users who perform a fast swap will be charged an extra platform fee. However, apart from this fee, there won’t be any other specific requirements for accessing anything in the platform. We’re only planning to charge a extra platform fee alongside the use of premium-tagged features.
When performing the regular peer-to-peer model, the core functionalities will remain free and fully decentralized without any additional costs.
This distinction is significant, and it raises some interesting considerations regarding the design and operational strategy, thank you for clarifying the purpose of Atomix.
Given that each swap is negotiated directly between parties, how will you handle pricing?
@manfred_jrGreat question! As of now, Atomix uses APIs to fetch the current market prices for both tokens involved in a swap. The exchange price is automatically set based on these real-time prices. User A can either keep the suggested market price or modify it to their preference. User B will then see both the current market price and User A’s proposed price. If User B is okay with the proposed rate, they can accept the swap offer, or they can reject it.
I’m also working on an update that will introduce a negotiation feature. This will allow users to propose their own exchange rates and even make counter offers if they believe a different price is fair. Additionally, there will be an option to trade NFTs along with some tokens in the swap, inspired by the Monopoly game! This feature will give both users more flexibility in agreeing on a swap that works for both parties.
Thank you for the update on Atomix’s pricing and negotiation features.
In case of sudden market fluctuations, how do you plan to protect users from unfavorable swap conditions? Are there any mechanisms to prevent price slippage during negotiations?
Hey Team
Great project! I’m curious though—don’t you think HTLCs are becoming somewhat outdated? With newer cross-chain technologies like LayerZero, CCIP, and cross-chain bridges gaining traction, many projects are moving away from HTLCs. How do you see HTLCs fitting into the current landscape of cross-chain interoperability?
@atomixLab Thank you for taking part in the hackathon. There are opportunities to make the UI more user-friendly.
I entered the swap secret.
I entered ‘You Send’ with Nile testnet and TRX.
Clicking ‘Connect with TronLink’ doesn’t seem to have any effect.
Even when already connected to TronLink, pressing ‘Place Swap Request’ still does nothing.
Are you still actively working on this project?
Hello welcome to hackathon S7! Great job on the Atomix project! I really like how you use Hash Time-Locked Contracts (HTLCs) for safe and direct swaps between different blockchains. It’s awesome that users can trade without needing third parties or extra fees. I’m excited to see the new features, especially for NFTs. Keep it up, and I can’t wait to see how Atomix develops!
helo
since your project goal is to build somthing like a tokens bridge, how you will handle the cases when there are no sufficient funds on the destination chain ?
It’s not the bridge, I guess it’s a htlc method to swap tokens between two parties, second party could be the liquidity pool with relayer transferring tokens om behalf