TrustSwap provides safe, customized transactions that may be completed quickly and with low costs anywhere on the planet. TrustSwap promises to eliminate the need for middlemen and third parties by providing a variety of smart contract capabilities for direct peer-to-peer payments, all wrapped up in an easy-to-understand user interface.
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According to TrustSwap’s White Paper objective, the company’s goal is to employ DeFi apps to simplify and optimize transaction procedures between companies and people.
It sounds obvious to introduce DeFi technologies to the subscription industry. Subscription billing is the most common and widely utilized billing technique in the world. In fact, according to Statista, the average American had 12 distinct multimedia subscriptions as of January this year, with the millennial group having the greatest average number of 17 subscriptions.
TrustSwap has created a simple and practical method for shops to accept cryptocurrency payments for any subscription service provided, straight through the business’s or individual’s website. This may be very beneficial for Patreon creators who want to get compensated in cryptocurrency for their work.
You gain a priority for airdrops and get a 50% reduction on fees if you possess SWAP tokens, and that’s not the only thing it provides. The native token of TrustSwap provides users with additional features and benefits.
Users that stake SWAP will get comparable incentives from every transaction performed in SWAP tokens, up to a healthy 80% of each transaction fee paid every three days.
TrustSwap is a decentralized network, coin, and protocol that aims to shape the future of decentralized finance (DeFi). It intends to do this using next-generation multi-chain token exchanges as well as other features aimed at resolving issues with split payments, subscriptions, and cross-chain token swaps.
TrustSwap sees its aim as enabling “customizable transactions” across the crypto sector, not just in the DeFi arena. The network, which was founded in July 2020 in Canada, aims to popularize smart contracts.
Staking, smart locks, and smart swaps that can wrap a currency or token in an ERC20 token are amongst the core offerings of TrustSwap. The protocol, for example, provides coin wrapping services, allowing anybody to wrap and utilize any coin on the Ethereum blockchain. TrustSwap also has escrow services, allowing it to function as a trusted intermediary in crypto-based monetary operations.
As CEO and CTO, Jeff Kirdeikis and Adam Barlam are in charge of the project. Uptrennd, a social platform that harnesses the potential of blockchain technology, was founded by the CEO. Kirdeikis also manages a popular Facebook group dedicated to cryptocurrencies, which has over 150,000 members.
Barlam, on the other hand, has extensive experience both inside and outside of the blockchain community as the creator of Bravocoin, a cryptocurrency-based review site. He’s also held significant positions at Intel and GoDaddy in the past.
These two executives are not the only members who developed the TrustSwap network, the team also includes advisers such as Michael GU and Ivan Litjeqvist, two well-known crypto Youtubers. Mauvis Ledford, who was a CTO at CoinMarketCap, and consultant at Bill and Melinda Gates Foundation.
Users can customize TrustSwap’s token launchpad, which can be configured to issue investor tokens at certain periods or incorporate a lock-up period for tokens assigned to a development team. The functionality can also be modified to provide individuals staking TrustSwap’s base asset, SWAP, early access.
In fact, the platform’s SmartLock function allows parents to make digital currency transfers to their children’s bank accounts at predetermined intervals. You may also save money and have it automatically transferred to a designated account at a later period.
With SmartSwap, the network adds a unique twist to crypto peer-to-peer transactions. It demonstrates how to initiate over-the-counter (OTC) trades without the assistance of a third party such as a crypto exchange. A charge of up to 0.3 percent applies to a SmartSwap.
SWAP can be purchased on the exchanges Hotbit, Uniswap, BitMax, MXC, Gate.io, and 1inch. Except for Uniswap and 1inch, where it’s coupled with Wrapped Ethereum (WETH) and Ethereum (ETH), respectively, its main trading pair on these exchanges is USDT.
No. It is not possible to purchase SWAP with cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
TrustSwap protects its network by using Ethereum, the second-largest blockchain. Ethereum is transitioning from PoW to PoS, which will make it even more decentralized and safe in the long term.
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact SWAP’s price and market cap.
TrustSwap Official website – https://trustswap.org/
TrustSwap Twitter – https://twitter.com/trustswap
TrustSwap Medium – https://trustswap.medium.com/
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