Ever since the DeFi sector started to grow in early 2020, a number of projects started to emerge dedicated to various financial goals. Some aimed to offer lending, or staking, or yield farming. Others focused on becoming decentralized exchanges.
However, one project — despite starting with modest aims — soon started to grow at a rapid speed. This is, of course, TrustSwap, which continues to add new services and improve upon the old ones in 2021, as well.
What is TrustSwap?
TrustSwap is a DeFi project that has grown to be rather well-known in this sector of the crypto industry. Its advancements are impressive — even more so given how young the project is.
TrustSwap was created in 2020 by Jeff Kirdeikis, who was working on another project when he realized that the crypto industry lacks a native service that would allow for the execution of timed token purchases. If an investor wanted to buy a significant number of tokens, they would need to hire a lawyer or some other kind of costly middleman, as they had no way of purchasing assets on their own in a controlled way.
Kirdeikis understood this problem and, since no one else offered a solution at the time, he decided to do it himself. As a result, he launched TrustSwap — a platform that is meant to make multiple crypto transaction types fast, simple, and cheap.
Since then, however, TrustSwap has been developing all kinds of services. It has a smart contract-based escrow offering known as SmartSwap; it created a time-locked payment systems, SmartLock, as well as a crypto-payment processor, SmartSubscription, so that merchants could start accepting crypto payments for goods and services through it.
Not long after that, TrustSwap also created its Launchpad — a platform for new DeFi tokens to gain the necessary exposure and have a successful start. The launchpad has been a massive success and it already helped numerous projects take off, including Chaingames, Yield.app, Coin, MobiePay, AuBit, and GLITCH, Modefi, and SOTA..
On February 24th, TrustSwap Launchpad also had its most recent token offering for another project, called BitcoinVend.
TrustSwap’s Major Partnerships
In the meantime, TrustSwap kept developing its services and partnering with new projects, whether for the purpose of bettering what it already offers, expanding, or bringing new capabilities.
For example, TrustSwap recently announced that it has partnered with Polkadot (DOT), and that it will arrive to its network soon. Apart from that, it also announced integration with Connect Financial, which will allow it to bring forth the crypto industry’s first real crypto credit card where cryptocurrencies are used as collateral but the user uses credit for payment.
Then, there was TrustSwap’s team-up with Shopping.io — an emerging platform that facilitates cryptocurrency payments at massive online stores like eBay, Amazon, and Walmart. And, lastly, the company also managed to acquire its largest competitor, Team.Finance. This actually happened in late 2020, but it represented a major move for TrustSwap, as it allowed the firm to expand its team by adding Team.Finance’s developers as well as the company’s assets.
Not to mention that it eliminated its largest competitor in the same move, thus securing its role as a leader in the field of liquidity and token lock services.
TrustSwap’s Newest Services
Of course, TrustSwap did not stop there either. It continued developing new services such as its NFT and ERC20 platform, Swappable, as well as its TrustSwap SmartLaunch service, called Mint.
The company points out that the crypto industry is still severely untamed and that anyone can create a token and have it on Uniswap fairly quickly and easily. However, there are still risks of token dumps, liquidity pulls, additional token issuance, hidden loopholes in contract code, poorly written codes, and other risks.
But people still have ideas and they need to launch tokens which is why TrustSwap offers a solution — Mint. Mint allows users to create fully audited tokens within minutes and completely free when it comes to fees. Mint allows full customization, making tokens inflationary, deflationary, providing staking if desired, and more.
So, as you can see, TrustSwap is growing bigger and more diverse than ever with its ecosystem consisting of a rather impressive array of services. As such, it is sure to leave a lasting impact in the DeFi sector and perhaps even be one of the most dominant coins in the industry someday.