TrustSwap is a popular DeFi platform, known for its extremely active Launchpad and incubator. TrustSwap recently announced an NFT and ERC-20 marketplace along with other updates. The Swappable marketplace and a new security platform on the GLITCH blockchain was recently revealed through TrustSwap’s Twitter handle. At the time of writing SWAP was trading at $0.658261 at the time of publication, with a market cap of $43,687,409 and a 24-hour trading volume of $1,575,243. NFT market is experiencing massive growth, which is a factor in the development of the DeFi NFT protocols.
Unlike OpenSea & Rarible, Swappable NFT marketplace to return fees to community
Further, the DeFi platform noted that Swappable will not only charge users lower fees for services provided, but will also return fees to the community, something that other NFT marketplaces, such as OpenSea and Rarible, do not currently do.
Swappable will also allow all Web3 wallet users to create, buy, sell, or trade any ERC721 or ERC1155 NFT, as well as make trustless peer-to-peer (P2P) swaps of any ERC-20 token. TrustSwap’s existing P2P SmartSwap Smart Contract protocol will be integrated with the ERC-20 exchange, allowing participants to buy, sell, and trade ERC-20 tokens anonymously.
According to TrustSwap, the new NFT and ERC-20 marketplace initiative is primarily designed to add flexibility and fun to the digital assets realm. Not to mention making trading NFTs fun, easy, and secure.
TrustSwap Launchpad successfully launches Aubit, MobiePay, COIN & Yield
TrustSwap Launchpad recently announced that five successful projects have been launched in a row. Chain Games, MobiePay, Aubit, COIN, and Yield.app are the five projects. As well as announcing a new security platform that will help prevent exit scams, it also announced a partnership with Hong Kong-based blockchain startup, Glitch.
According to the announcement, Glitch will use TrustSwap to facilitate their public token sale on January 11. In order to create decentralized financial products, Glitch is creating a new blockchain. The blockchain is built with profit-sharing and scaling at its core, while offering near-zero transaction fees, high transaction throughput, and a profit-sharing model that should appeal to end-users, developers, and investors.