TrustSwap SWAPPrice $ 0.056

Founded in July of 2020, TrustSwap is a DeFi project that aims to allow traders and businesses to easily buy, trade, create, and leverage crypto assets. The platform comprises a variety of foundational layers that aim to service the DeFi ecosystem as a whole. This includes SmartLocks, Mint, Launchpad, Swappable’s NFT Interface, and more. 

SWAP is the project’s native token. It is deflationary by nature and operates as a utility token. It also entitles holders to discounts on the platform and access to TrustSwap decentralized applications. 100,000,000 SWAP were minted at launch.

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

As mentioned, TrustSwap offers a range of features for DeFi users. Firstly, using Swappable, participants can create, buy, and trade NFTs from exclusive collections and artist creations. Another feature includes Swaps & Escrow. This service gives users an opportunity to customize the parameters of P2P swaps. TrustSwap also has its own Launchpad platform where users can get early access and invest in some crypto projects.

Businesses looking to enter into the blockchain environment can create pre-audited tokens for free by using the platform. They can also lock liquidity as well as vest tokens in order to create strong reputations with investors.

TrustSwap also operates The Crypto App. The application is built for mobile devices and allows users to buy, trade, and track any cryptocurrencies from over 3000 listed coins from over 100 exchanges. Furthermore, the app allows users to set and receive alert notifications related to their favorite coins, as well as customize widgets for mobile home screens.

What can SWAP be used for?

SWAP can be used across the TrustSwap ecosystem. Indeed, it is the preferred payment method and 50% discounts are offered for using the native currency. SWAP can also be staked via the TrustSwap dashboard and rewards are, as well as guaranteed allocations in Launchpads, airdrops, and other benefits.

Additionally, via using the decentralized application Shopping.io, SWAP can be used to purchase items from Amazon, Walmart, and eBay. Holding SWAP also gives early access to DeFi startups and the ability to conduct transactions using TrustSwap’s Escrow services.