Like TrustSwap, UniSwap allows traders to exchange Ethereum ERC20 tokens without using an order book. The swap rate is determined by the demand for both tokens and the balances of the swapping pair. TrustSwap has acquired over 6.5 billion dollars for 20,000 projects, making it one of top 15 TVL in crypto (more than uniswap v3). TrustSwap’s Team. Finance also recently announced support for HECO Chain, which is an EVM-based blockchain, developed by the Huobi Open Platform. TrustSwap CEO, Jeff Kirdeikis, participated in an AMA session with HECO.
TrustSwap CEO, Jeff Kirdeikis speaks about Swappable, The Crypto App & Launchpads
Jeff: TrustSwap has one single mission: Bringing crypto to the world. In order to do so, we offer a range of products and services that are aimed at both businesses and consumers. There are many kinds of ecosystems, so I will break them down one by one.
1) Team Finance (for businesses): TrustSwap allows crypto projects to ensure their crypto projects are secure via: token locks, liquidity locks, vesting contracts, and token generation. No other project (besides L1 blockchains) has as many projects using their protocol as we do. All of this has been accomplished in less than a year and a half, and the growth is exponential. HecoChain is now supported by Team Finance!
2) The Crypto App (for retail): With over 4 Million downloads, ‘The Crypto App’ (TCA) is one of the world’s most popular crypto apps. Anyone in the world can track their crypto portfolio and market prices with ease using the Crypto App. There is also an up-to-date news section, as well as widgets and alerts that can be added to your home screen. The Crypto App will open in Q2 with the ability to buy, trade and stake crypto with industry-leading APYs and some of the lowest trading fees in the industry.
3) Launchpads (for retail): Launchpads provide access to crypto startups before they launch on exchanges. To participate, you only need 4,000 SWAP. You’ll receive a larger allocation if you stake more SWAP.
4) Swappable (for retail): Swappable is TrustSwap’s NFT marketplace, where we host exclusive drops and INOs. Swappable is bringing you lots of exciting new features in Q2!
What differentiates TrustSwap from other projects?
Jeff: TrustSwap is a diversified powerhouse. It does not have a single business vertical (like most projects), but a number of them. We have one of the most downloaded and used crypto apps. We are one of the top 5 launchpads in the world.
There is a saying that says “Jack of all trades, master of none”, nonetheless we are well positioned as a “Jack of all trades, and master of many”. Due to our diverse business models, we are resilient to market volatility. The core business of TrustSwap continues to grow at a phenomenal rate regardless of token price. We anticipate great success and growth over the next year and beyond.
All about the TrusSwap Token, $SWAP & its future
Jeff: SWAP tokens are bought back with revenue from all services. All services are 100% directly integrated with SWAP token utility. Currently, this buyback has been paused since January 15th, and will resume once our new Long Term Staking Pool is launched.
20% of the tokens purchased in the buyback are then distributed to stakers. The remainder is distributed in our community through Barter Contracts for continued business growth.
You can gain staking rewards by holding and staking SWAP. Staking rewards increase as TrustSwap succeeds. Staking SWAP also gives you access to exclusive launchpads and discounts on SmartSwap.
How Does TrustSwap ensure user security?
Jeff: Our top priority is security. We have one or more reputable audit firms audit our smart contracts. Examples include Hacken, Chainsulting, and Certik.