The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
Suppose you have two people who don't know each other. They could be anywhere in the world, and they want to be able to exchange their digital capital without a go-between and without paying escrow fees. This is the problem that TrustSwap solves in the cryptoverse.
The idea is not to come up with a simple website that keeps the fees but to develop a more comprehensive solution in a community-driven project that can keep growing to become a foundational DeFi (decentralized finance) infrastructure.
The mission at TrustSwap's heart is to make cryptocurrency safer, easier to use and remove some of the friction involved in the widespread global adoption of the blockchain.
The SWAP token is part of the project.
It's meant to bring the people who want to support this goal together, and it's at the core of the TrustSwap community. The IDO that launched SWAP into the world took place on July 9th of last year, and it sold out in fewer than 60 seconds. This occasion marked TrustSwap's birth, so we're about to celebrate the project's first year! So let's look back at the last twelve months and remember the milestones achieved during this first year.
H3>Launchpad Launching Staking came to life at TrustSwap last September, and the TrustSwap Launchpad came online very soon after that. The platform is a pioneer in that it guarantees allocations for eligible stakers and a 12 to 24 hours application window that keeps things comfy and prevents the appearance of gas wars.
As of now, more than 24 projects have been launched from TrustSwap's Launchpad, raising more than 25 million USD in the process.
Team Finance Acquisition
In December, Team Finance was absorbed into TrustSwap. It was the merging of the two leading forces in the industry. That had Team Finance relaunched as SmartLocks, whose secure contracts are securing more than 1.5 billion USD in Total Value Locked (TLV). SmartLocks is now a multi chain platform that supports ERC20 tokens and Binance Smart Chain and Avalanche Tokens.
Incubation and Integration
In March 2021, FlashLaunches and the SmartLaunch toolkit were added to the Avalanche Network, thus expanding the TrustSwap Launchpad services. The development enables everybody to quickly generate, lock and distribute new tokens within Avalanche with smart contracts that are fully audited and secured. Then the first launchpad on Avalanche, Verso Finance, came about a month later.
Last April saw the launch of the TrustSwap Incubator Program. This lets the team find the most promising ideas and developing teams out there and offer them support with marketing, project management, and business development so that those ideas can take off. Verso Finance and DCTDAO are two good examples.
During that same month, TrustSwap partnered and started to support the Eden Reforestation Project, showing commitment to the cause of deforestation and sustainability. The goal is to help Eden plant a million trees before a year goes by. Then TrustSwap will keep supporting Eden's initiatives that benefit the cause around the world. LedgerScore is among the latest ones.
A Busy First Year
TrustSwap's first year in business has been thoroughly busy, which is excellent news for the project and its community.
In fact, the project's successes on the twelve months alone are too numerous to describe in detail so let's mention them in a quick list:
- Mint, a token generator, was announced in June 2021. It allows the creation of new tokens without writing any code.
- In the same month, TrustSwap acquired the Crypto App, which is among the world's most downloaded cryptocurrency portfolio management apps.
- More than forty TrustSwap employees.
- More than 4,500 projects using the platform's smart contracts.
- Team and Liquidity Token Lock Multichain integration with Ethereum, Avalanche, and Binance Smart Chain.
Come and Join the Birthday Party
So the project's first year is a list of successes, so it should be celebrated as such. The team knows that, and it has something ready.
At 15:00 UTC on July 9th, 2021 TrustSwap will celebrate its birthday in style with the Grand Opening of TrustSwapHQ in Decentraland! This means that the TrustSwap official virtual headquarters will be at Decentraland from that moment on. The community is invited to come in and join the celebrations along with TrustSwap's leadership.
Decentraland is a virtual blockchain-based metaverse that runs on the MANA token. In Decentraland, you can explore the environment, meet with friends, play, and join various activities and events. It's all great fun!
You will find the new TrustSwap virtual headquarters at Decentraland's Crypto Valley, right next to Binance, Polygon, and CoinGecko.
If you decide to join the celebrations and participate, you will be able to claim a proof-of-attendance NFT badge and a free TrustSwap Cap NFT -- which your Decentraland avatar can wear. NFT Hoodies will also be available for the project's top stakers.
TrustSwap intends to show its gratitude to its incredible community by giving away several kinds of tokens. SWAP tokens will be represented and tokens from Sekuritance, Verso, TokenPlace, and DCTDAO, some of which are launchpad projects. Those gifts will be from $500 to $1000 per winner.
So there will be something interesting for everybody who joins. Joining Decentraland will allow TrustSwap to interact with other startups, create new partnerships, and participate in more events. In addition, the new community in Decentraland is a resource into which the project can tap and will help create new general market awareness and secure its growth.
Further details will be published on TrustSwap's Twitter account, where you will find how to benefit from the giveaways and the Wearables claim process. The final touches for the virtual headquarters are in the way so that the new virtual building is all but ready as the Grand Opening comes to fruition.
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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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