TrustSwap, a crypto-asset ecosystem comprising a distributed platform, cryptocurrency, and protocol, recently announced six launchpad projects in a littleover a month.
People closely following their launchpad approach will notice a particular focus on decentralized finance (DeFi), a blockchain-related type of finance that is not reliant on financial intermediaries such as brokerages or banks. Carbon and dFundare notable examples of the DeFi firms being promoted by TrustSwap.
A crypto launchpad, similar to a business startup launchpad, provides avenues for project owners to raise capital by selling tokens to investors early, usually at attractive prices.
TrustSwap, the DeFi Crypto Launchpad
Crypto launchpads such as TrustSwap conduct project vetting so that they can weed out scams and rug pulls, thus giving potential investors some peace of mind that their money is not going to bad actors.
TrustSwap has stood out as one of the top crypto launchpads of 2021. This is no mean feat, as it has faced strong competition from launchpad leaders such as Binance, Unicrypt, and Polkastarter.
With $20 million raised within a year for crypto startups such as YIELDY and Token place, TrustSwap has truly cemented its place as a visionary and crypto incubator.Heads continue to turn because of its recent launchpad project in which Sekuritance was propelled safely into the crypto sphere.
In May 2021, TrustSwap made headlines when it announced that $2.4 million had been raised through a Sekuritance token offering. The cap was exactly the amount raised, and commentators estimate that the offering was oversubscribed by up to $11.25 million.
Was this vote of confidence warranted? To many commentators, it became clear that TrustSwap had full faith in Sekuritance in terms of both its monetary value and contribution to the TrustSwap ecosystem.
Sekuritance, a RegTech boosting confidence in Blockchain
Cryptocurrency detractors, as they cling to their dollar bills, often point to a perceived lack of security in the crypto sphere and an absence of regulations outside those foisted on cryptocurrencies by governments.
Sekuritance, as its name might suggest, has promised to alleviate security fears, and has done so through a one-of-a-kind approach.
Through the Sekuritance platform, individual users and institutional investors can ensure they are compliant with all the regulations of the country they are in without worrying about the ever-murky waters of bureaucracy.
As it is not dependent on a particular blockchain, Sekuritance can function in both public and private networks. This gives users a sense that the platform is somewhat future-proof.
TrustSwap’s CEO Jeff Kirdeikis reaffirmed his firm’s belief in the value of its collaboration with Sekuritance and highlighted their shared features: “The Sekuritance KYC technology has proven to be a strong technical integration for TrustSwap, and we’re looking forward to continuing to support their project each step of the way.”
It seems the benefits of this launchpad project are shared by both companies and is expected to go way beyond financial reward. In line with their mutual beliefs and goals, these two firms are already looking at ways in which they can collaborate on RegTech and security in the future.
With these bold launches, TrustSwap has aimed for the moon, but will it land among the stars?