Good and bad with this project.

First the good, since this is backed by Chainlink and Circle (Coinbase) it's an insider project and the price will probably go up. So it will probably be a good trade, especially this early in the game.

From a user standpoint however, it promises private transactions through a mixer functionality. I'm not sold on the idea of mixing making transactions any more private. It's also been shown to have an adverse effect on users, where some users have had their transactions denied because they use a mixing service prior to sending crypto to an exchange.

In addition, all of the cryptos available on ChainSwap are not private, so the promises of privacy are not true. All transactions going into ChainSwap are public, as are transactions going out. Even if nobody on the outside can track the transactions (big if), Chainlink will still have access to that information. Show Less

 1
2024 Cyrator - Crypto Research Community

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.