As DeFi expands, the need for secure and efficient platforms becomes increasingly vital. With the rise of decentralized finance, users require reliable solutions for smart contract execution, token creation, and secure transactions. These platforms enhance security and streamline various financial processes, ensuring trust and transparency within the ecosystem. TrustSwap addresses these needs by offering a comprehensive suite of services, including escrow, staking, and token services, making it a critical player in the evolving DeFi landscape.

What is TrustSwap (SWAP)?

TrustSwap was founded in July 2020 by Jeff Kirdeikis and Adam Barlam in Canada. Kirdeikis, also the founder of Uptrennd and host of The Bitcoin and Crypto Podcast, brought extensive experience in the crypto space, while Barlam, with a background in Intel and GoDaddy, added robust technical expertise. TrustSwap was established to provide secure, multi-chain DeFi tools and services for corporate and retail customers. The team, consisting of over 70 members from renowned institutions like Intel, Goldman Sachs, and Coinmarketcap, focused on developing tools for token minting, liquidity locking, escrow, and vesting.

TrustSwap quickly gained traction in its early months, thanks to its innovative solutions that addressed common issues in the DeFi space. The platform’s Team Finance tool allowed projects to lock tokens and liquidity securely, gaining trust within the community. In 2021, TrustSwap expanded its services by integrating with several blockchain networks, including Algorand and Avalanche, enhancing its token generator and liquidity lock features.

By 2022, TrustSwap had grown its ecosystem to include NFT capabilities, launching Swappable on Polygon. The company also rolled out staking pools for blockchains like Matic, BSC, and Avalanche. TrustSwap’s dedication to innovation continued with the introduction of SmartSwaps for P2P trading and a comprehensive reskin of The Crypto App, which enabled in-app crypto trading.

In 2023, TrustSwap announced partnerships with major global auction house logistics companies and planned to increase user onboarding and brand recognition by sponsoring high-level athletes in UFC, eGaming, and other sports. The roadmap also included integrating more blockchains like Cardano and Solana into their Mint and Team Finance products.

Today, TrustSwap is recognized as a leading provider of DeFi tools and services. It is committed to enhancing the security and integrity of cryptocurrencies for a diverse range of users. The company’s continuous innovation and expansion efforts ensure it remains at the forefront of the evolving DeFi landscape.

How Does TrustSwap Work? Features and Launchpad

TrustSwap offers a comprehensive and secure cross-chain DeFi toolkit designed to cater to a wide range of financial needs. TrustSwap quickly expanded from offering a single SmartSwap service to a vast ecosystem that includes various DeFi tools and services. This rapid growth is a testament to the hardworking and passionate team behind TrustSwap, which emphasizes delivery over promises.

One of the standout features of TrustSwap is SmartLaunch, a full-service platform for new blockchain projects. It includes Mint, which allows users to create customizable, fully audited tokens without any coding required. This feature is supported across multiple chains like Ethereum, BSC, and Polygon. The Vesting as a Service feature helps projects prevent mass token dumps by investors, airdrop recipients, and ICO participants, ensuring a balanced and distributed token release schedule.

TrustSwap also offers SmartLocks, including token and liquidity locks, which provide a transparent, secure, and decentralized smart contract vault for time-released vesting of liquidity and team tokens. This service is crucial for de-risking DeFi by eliminating common bad actor vectors like rug pulls and exit scams. It supports multiple chains, including Ethereum, BSC, Avalanche, Algorand, Conflux, and Polygon.

Another key feature is MultiSender & Opt-In, which allows projects to send tokens to groups of recipients, making it ideal for airdrops, token offers, and other mass distributions. The SmartSwap service provides a trustless, peer-to-peer escrow for digital assets, removing the costly middleman and providing a secure platform for two parties to transact.

Swappable is TrustSwap’s premium NFT platform, offering low-fee NFT interfaces for exclusive drops, private collections, and public NFT trading. It supports Ethereum and soon Polygon, ensuring a flexible and diverse NFT ecosystem.

The Crypto App, acquired by TrustSwap in 2021, is one of the top cryptocurrency mobile apps on Android. It features a diverse set of news, widgets, tracking, and portfolio services for over 3000 cryptocurrency assets and 100+ exchanges. The app is currently undergoing a full UI/UX redesign to expand its features and services, making it a one-stop shop for crypto investors and enthusiasts.

TrustSwap’s Launchpad and Incubator services are designed to identify and support promising crypto startups. They provide comprehensive support in business development, operations, exchange listings, tokenomics, marketing, UI/UX, and more. The Launchpad has successfully raised over $28 million for more than 25 projects, including several FlashLaunch projects.

TrustSwap’s diverse range of services, from token minting and vesting to NFT management and launchpad services, makes it a comprehensive platform for corporate and retail users in the DeFi space. Next, we will delve into how the TrustSwap Launchpad functions to support new crypto startups and provide investors with early access to promising projects.

Source: trustswap.gitbook.io

Launchpad

The TrustSwap Launchpad is an essential platform for DeFi projects and investors, providing a secure and efficient environment for launching new tokens. This service allows projects to launch tokens on multiple chains, including Ethereum, Binance Smart Chain, and Avalanche, facilitating easy integration into crypto exchanges and the broader DeFi ecosystem. By leveraging TrustSwap’s platform, projects gain exposure to a vast crypto community, increasing their visibility and traction among potential investors.

The TrustSwap Launchpad stands out due to its unique features designed to ensure the success and security of token launches. One key advantage is the guaranteed allocation for stakers, eliminating gas wars and providing a fair opportunity for all participants. The platform’s proprietary SmartLock technology enhances security by ensuring that tokens are securely locked for teams, developers, and early stakers, releasing them only after specific milestones and vesting periods are met. This reduces the risk of token dumps and rug-pulls, maintaining token price stability and investor confidence.

The TrustSwap vetting team meticulously evaluates and selects eligible projects, addressing concerns about scams and low-quality tokens. This rigorous selection process ensures that only credible and promising projects are featured on the launchpad, giving investors peace of mind. The transparency of the projects’ vesting schedules further reassures investors, as it minimizes the likelihood of sudden, large-scale token sell-offs that could negatively impact token prices.

SmartLaunch, a comprehensive security ecosystem within TrustSwap, addresses fundamental issues in the crypto space, such as liquidity pulls, poor contract code, exit scams, and mass token dumps by external investors. This ecosystem includes Token Locks, Liquidity Locks, Vesting-as-a-Service, and Mint. These services work together to provide maximum security for all stakeholders involved in a token launch.

Token Locks and Liquidity Locks ensure that tokens are securely locked and released only after predetermined conditions are met. Vesting-as-a-Service offers flexible and customizable vesting periods, helping prevent mass token dumps and promoting a more balanced and distributed token release schedule. Mint allows projects to create audited and customizable tokens without coding experience, significantly reducing development and audit costs and eliminating code-based risks.

Combining these services with Mint enhances trust and security, allowing projects to efficiently mint their own audited tokens with features such as minting, burning, and staking. This integration provides a secure environment for investors, community members, holders, stakers, and team members, preventing team token dumps and rogue minting activities. Claim schedules can be linked to specific achievements and dates transparently and trustless.

Source: dashboard.trustswap.org

By providing a comprehensive suite of services, TrustSwap supports the successful launch and growth of DeFi projects, benefiting both the projects and their investors. Next, we will explore how users can participate in the TrustSwap Launchpad and its benefits.

TrustSwap Use Cases

TrustSwap offers a versatile platform with multiple use cases catering to crypto projects and investors. Its comprehensive suite of tools ensures security, transparency, and efficiency across various blockchain activities. Here are four primary use cases for TrustSwap:

• Token and Liquidity Locking: TrustSwap’s SmartLock technology provides a secure method for locking tokens and liquidity. This feature is crucial for new projects looking to build trust with their investors by ensuring that team tokens and liquidity are locked and only released according to predetermined schedules. This reduces the risk of rug pulls and instills confidence in the project’s long-term commitment.
• Launchpad for New Projects: The TrustSwap Launchpad is a platform for new crypto projects to raise funds and launch their tokens. It offers guaranteed allocations for stakers, advanced security mechanisms, and a transparent vetting process to ensure only high-quality projects are featured. This helps projects gain exposure and traction while providing investors with early access to promising tokens.
• SmartSwaps: TrustSwap’s SmartSwap service allows for secure, trustless peer-to-peer token swaps using an escrow system. This feature is ideal for parties looking to transact directly with each other without relying on intermediaries, reducing the risk of fraud and non-payment issues. The smart contracts ensure that funds are only released when both parties fulfill the agreed-upon conditions.
• Staking and Yield Farming: TrustSwap offers staking opportunities through its Long-Term Staking Pool (LTSP) and Launchpad farming pools. Users can stake their SWAP tokens to earn rewards, with higher APYs for longer staking periods. This incentivizes long-term holding and participation, providing users with a steady income stream while supporting the ecosystem’s growth.

What is the SWAP Coin?

SWAP is TrustSwap’s native utility token, used for staking, governance, and transactions. Its total supply is 100 million units, all of which are already in circulation (June 2024).

The SWAP token is the core utility token within the TrustSwap ecosystem, offering numerous benefits and use cases. Launched as a deflationary token, SWAP pays for various TrustSwap services, providing a 50% discount when fees are paid in SWAP instead of ETH. This model burns 10% of the fees, allocates another 10% to the developer fund, and places 80% in the staking reward pool, thereby reducing the total supply over time.

SWAP tokens are available on multiple blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche. Staking SWAP in the TrustSwap Long Term Staking Portal (LTSP) rewards users with staking rewards released hourly, which can be claimed or compounded at any time. The staking pool is funded by a baseline of 5 million SWAP over five years, along with additional SWAP accrued from platform fees and market buybacks, ensuring no new tokens are minted. The staking score, determined by the amount and duration of staked SWAP, unlocks guaranteed allocations in TrustSwap Launchpads.

Moreover, staking at least 100,000 SWAP for five years grants access to the exclusive TrustSwap VIP Community Council, where members discuss upcoming deployments and ecosystem upgrades. SWAP can also be used on platforms like Shopping.io to purchase products from Amazon, Walmart, and eBay, and as collateral for Visa credit card purchases through Connect Finance.

SWAP’s utility extends to farming pools, where stakers can earn tokens from TrustSwap’s launchpad projects. SWAP tokens are also used to create transferable NFT-based liquidity bonds on Sync Network. Future utilities include acceptance on CryptoCart as a payment method and participation in Mint token pools to receive newly minted tokens.

Source: trustswap.gitbook.io

Overall, SWAP’s versatile applications within the TrustSwap ecosystem, combined with its deflationary nature and staking rewards, make it a valuable asset for users seeking to maximize their involvement in DeFi and blockchain projects.

TrustSwap Ecosystem

The TrustSwap ecosystem is a comprehensive suite of tools and services to facilitate secure, efficient, and innovative blockchain projects.

Top Launchpads

Carbon Browser: Carbon Browser is an open-source, privacy-focused web browser with over 5 million downloads that automatically blocks ads and website trackers. Carbon X Labs enhances it with new Web3 features, providing users a more secure and privacy-centric browsing experience.

WiFi Map: WiFi Map is a leading mobile platform in the emerging DeWi (decentralized wireless) space. With 150 million downloads and 3 million monthly users, it promotes crowdsourced connectivity, helping people find internet hotspots nearby and advancing decentralized wireless infrastructure.

Opulous: Opulous is pioneering decentralized finance in the music industry. The platform offers a launchpad for copyright-backed Music NFTs and DeFi loans, transforming how artists access funding and manage their financial needs in a decentralized manner.

dashboard.trustswap.org

TrustSwap and Algorand

Algorand Multisender: TrustSwap’s Algorand Multisender allows users to send tokens to multiple Algorand addresses simultaneously. This decentralized tool supports airdrops, token vesting, and salary payments, making token distribution quick and convenient. It does not charge fees aside from the actual network fees.

Algorand Opt-In: Algorand requires a mandatory Opt-In process for users to receive new tokens in their wallets. TrustSwap’s Algorand Opt-In tool facilitates this process without charging fees, ensuring users only need to cover the network transaction costs. This step ensures that tokens are properly received and visible in the user’s Algorand wallet.

Source: trustswap.com/blog

The TrustSwap ecosystem, with its robust suite of tools and strategic integrations, provides a solid foundation for blockchain projects, enhancing security, efficiency, and innovation in the DeFi space.

Is SWAP a Good Investment?

TrustSwap’s launchpad has facilitated the creation of many promising projects, demonstrating its potential to impact the blockchain ecosystem significantly. Numerous successful tokens have been launched, gaining substantial traction in the crypto community. However, a potential downside is the volatility and unpredictability inherent in new blockchain projects. Despite rigorous vetting, some projects may not meet expectations, posing risks to investors.

How to Own SWAP?

To own SWAP, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy SWAP.

News on TrustSwap

According to the official TrustSwap blog on June 6, 2024, TrustSwap and QuickSwap have formed a strategic partnership. This collaboration will integrate TrustSwap’s token management solutions with QuickSwap’s advanced trading environment. TrustSwap becomes the exclusive Launchpad infrastructure partner for QuickSwap, enhancing token management, fundraising, and marketing for upcoming projects. This partnership aims to foster innovation and build trust in the DeFi space, with initial launches expected in Q2/Q3 of 2024. Further details on technical integrations will be shared soon.

Take Action on SWAP

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