Established in July of 2020, TrustSwap is a DeFi project focused on helping traders and businesses purchase, swap, generate, and leverage crypto assets with ease. The platform is built from several base layers intended to support the wider DeFi ecosystem. Among these are SmartLocks, Mint, Launchpad, Swappable’s NFT Interface, and additional components. 

SWAP is the project’s native token. Designed to be deflationary, it functions as a utility token. It also provides holders with reduced pricing on the platform and access to TrustSwap decentralized applications. At launch, 100,000,000 SWAP were minted.

What are TrustSwap’s key features and how does it work?

TrustSwap includes multiple tools for DeFi participants. Through Swappable, users can create, buy, and trade NFTs drawn from curated collections and artist-made creations. It also offers Swaps & Escrow, enabling users to tailor the terms of P2P swaps. In addition, TrustSwap runs its own Launchpad so users can obtain early access and invest in selected crypto projects.

For businesses entering the blockchain space, TrustSwap allows them to create pre-audited tokens at no cost within the platform. They can also lock liquidity and vest tokens to help build credibility with investors.

TrustSwap also operates The Crypto App. This mobile-focused application lets users buy, trade, and monitor cryptocurrencies, with support for more than 3000 coins across 100+ exchanges. Users can set up alert notifications for coins they follow and customize widgets for their mobile home screens.

What can SWAP be used for?

SWAP is usable throughout the TrustSwap ecosystem. It is the main payment option, and 50% discounts are available when paying with the native currency. SWAP can also be staked through the TrustSwap dashboard, with rewards provided, plus guaranteed Launchpad allocations, airdrops, and other advantages.

Further, through the decentralized application Shopping.io, SWAP can be used to buy products from Amazon, Walmart, and eBay. Keeping SWAP also grants early entry to DeFi startups and the ability to carry out transactions via TrustSwap’s Escrow services.