DeFi project TrustSwap has seen major success in its very short lifetime. It is a leader when it comes to the number of new features and pure development that it managed to complete in less than a year since its launch.
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The project was created by Jeff Kirdeikis, who realized that the crypto industry doesn’t have a native service for executing timed token purchases. So, if an outside investor wanted to buy a significant number of tokens, they would need to hire a trusted 3rd party or ‘middleman’ to dispense coins in a controlled way so that the token’s value would not deflate as a consequence.
Kirdeikis decided to change that, so he launched a service called TrustSwap. Originally meant to be a smart contract-based escrow offering known as TS SmartSwap, TrustSwap quickly started evolving through the addition of new features.
Kirdeikis started adding more products, such as a time-locked payment system, TS SmartLock. After that, he realized that it would be a good idea to give businesses a cost-effective method of accepting crypto as payment so he began development on an API-based crypto payment processor, TS SmartSubscription.
From that point forward, things really escalated for TrustSwap. The company started launching new features, including its Launchpad service, which can help new projects hold token sales and gain much-needed exposure. By selecting the most promising new projects and helping them through the critical process of launching their new tokens, TrustSwap is developing strong networks within the blockchain industry while offering exclusive access and opportunities to their community.
Meanwhile, the projects receive exposure and attention that they would be unlikely to get on their own. So far, TrustSwap has assisted a number of different projects, including AuBit, MobiePay, Chaingames, Yield.app, Coin, GLITCH, and a number of others, which have since grown to become rather popular and well-known in the DeFi sector.
The launch of TrustSwap’s own token, SWAP, was completed in under 60 seconds, which was one of the most impressive token sales in the history of the crypto industry.
TrustSwap in 2021
With nearly half of 2021 behind us, TrustSwap has made some major moves. It partnered with Shopping.io back in January, thus granting its users the ability to use crypto to buy goods from Amazon, Walmart, and eBay, it launched a number of token offerings using its launchpad, and it even expanded the launchpad to Avalanche Network and BSC in March.
In mid-April, TrustSwap expanded its range of token sale services offered to projects by introducing its Incubator Program. It then teamed up with Eden Reforestation to plant 1 million trees this year.
Recently, the project worked on allowing users to provide liquidity to the Unistake SWAP/ETH pool and earn returns (up to 15% APY), it focused on launching even more projects, such as Sekuritance, which is the biggest name over the last few months, and it revealed that the number of SWAP holders is seeing a steady rise.
TrustSwap had countless smaller developments, partnerships, and alike over the last few months, and is shaping up into a massive project that routinely makes moves that some projects may be considering game-changing.
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Media details
- Company: TrustSwap
- Email: info@trustswap.org
- Website: https://trustswap.org/
