TrustSwap continues forging the foundational toolset for the decentralized economy.
TrustSwap has put together a robust ecosystem offering a token generator, token locks, liquidity locks, token swaps, escrow contracts, token vesting, farming pools, a best-in class launchpad, and an upcoming NFT marketplace in under a year.
The TrustSwap ecosystem is steadily expanding via new developments. TrustSwap has formally acquired The Crypto App and has incorporated its technology and team members into the TrustSwap family of DeFi services. This acquisition comprises both the Android and iOS apps with over 1.9 Million downloads as well as the domain //thecrypto.app/ .
In most countries, The Crypto App ranks 3rd when searching “crypto” on Android.
How big of a deal is this acquisition?
A similar type of acquisition took place in the market in 2020, when FTX purchased Blockfolio (currently 6M downloads) for $150 Million USD. This figure translates to about $25 per user.
With the Crypto App having more than 1.9M downloads, at a $25 per user market valuation, this acquisition is estimated to be worth over $47.5 Million USD.
What is the current status of “The Crypto App”?
TrustSwap has great plans to upgrade and improve The Crypto App with regards to usability and feature updates that are discussed in the next section.
To begin with, let’s go over what The Crypto App already has incorporated into the app:
A wallet where users can buy, sell, send, and trade cryptocurrencies. This feature will go offline for the acquisition and be reinstated at a later date.
A gateway for users to connect portfolios to exchanges to be able to track their balances as well as gains and losses in real-time.
Alerts sent directly to the phone to let users know about significant price changes.
The widgets feature can be added to the home screen of the mobile device so that users can watch the price of their favorite cryptocurrencies.
The news feed aggregates the top crypto news publications in the world so that users can easily stay informed about recent developments and important events in the blockchain space.The Crypto App is already a fantastic tool for crypto users, ranking at the top of the Android app store. TrustSwap is now ready to take it to the next level.
The Next Evolution
TrustSwap is planning to develop a number of features to extend the usability and functionality of the already successful version of The Crypto App.
Marketing and User Onboarding
TrustSwap will be supporting with an additional designated team of operations managers, R&D personnel, and marketing personnel with the ambitious goal of making The Crypto App, the most downloaded crypto application on both iOS and Android devices across the globe.
This growth is going to be fueled by innovative marketing campaigns and integration of an extensive set of features added to any mobile crypto app to date!
All-In-One Service Aggregator
In addition to the plethora of features already implemented by The Crypto App, TrustSwap will be entering into multiple partnerships within the crypto industry to bring a comprehensive set of functionalities into The Crypto App.
Rather than building its own software to provide buying, selling, trading, borrowing, lending, staking, and farming services, TrustSwap will directly integrate into the app software that is already built and battle-tested by successful DeFi projects.
The Benefit to SWAP Holders
The SWAP Token
Full details will be revealed at a later stage, however, a few options being considered are:
1) The SWAP token is integrated directly into The Crypto App. Holding the SWAP token will provide price discounts or APY boosters on services offered in-app along with additional advantages.
2) A new TCA token is launched. A large portion of the TCA token will be distributed to SWAP holders throughout multiple airdrops to encourage the purchasing and staking of SWAP tokens long-term. The TCA token utility would also provide price discounts or APY boosters on services offered along with some extra benefits.
3) Something else…
**The first stage of the app will be improving and developing the app itself, including integrating the software partners for in-app buying, selling, lending, borrowing, staking and so forth. There are no decisions being made in regards to the tokenomics of the app yet. A decision serving TrustSwap and the SWAP token holders the most will be made after weighing all pros & cons.
The TrustSwap Launchpad Ecosystem
The Crypto App has an extensive international audience that is continuously growing. The app will be used to integrate selected launchpad partner services directly into the app.
The app will also act as an educational platform to inform the users about current and former launchpads. SWAP token stakers could see additional in-app benefits like free access to premium features.
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* To download The Crypto Application, visit //thecrypto.app/
** TrustSwap tokens can be purchased at any of the following exchanges detailed here .
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
