TrustSwap is a distributed platform, cryptocurrency and protocol that promises a new evolution to decentralized finance (DeFi). It aims to achieve this through next-generation multi-chain token swaps and other functionalities that aim to solve existing problems with split payments, subscriptions and cross-chain token swaps.

TrustSwap describes its mission is to power "customizable transactions," not only for the DeFi space but also for the entire crypto industry. Incorporated in July 2020 in Canada, the platform seeks to take smart contracts mainstream.

Among TrustSwap’s primary products are staking, smart locks and smart swaps, which can wrap any coin or token into an ERC20 token. For example, the protocol offers cryptocurrency wrapping services which enables anyone to wrap and use any cryptocurrency on the Ethereum blockchain. Also, it features escrow services enabling it to become a trusted middleman in crypto-based financial transactions.

Jeff Kirdeikis and Adam Barlam lead the project as CEO and CTO respectively. The CEO is also the founder of Uptrennd, a media platform tapping into blockchain technology's power. Kirdeikis also runs a successful cryptocurrency-focused group on Facebook with over 150,000 members.

Barlam, on the other hand, has significant experience in and outside blockchain circles, as the developer behind a review platform, Bravocoin, where reviews are paid in cryptocurrency. In addition, he has previously held key positions at Intel and GoDaddy.

Apart from the two executives, the team also includes advisors such as renowned crypto Youtubers, Michael GU and Ivan Litjeqvist. Others include Mauvis Ledford, a former CoinMarketCap CTO and a former consultant (tech and research) at the Bill and Melinda Gates Foundation.

TrustSwap has a token launchpad offering that is customized by users and can be set to release investor tokens at specific times or implement a lock-up period for tokens allocated to a project's team.

The feature can also be customized to give early access to those staking TrustSwap's base asset, SWAP.

Additionally, the platform uses its SmartLock feature to allow parents to automatically make digital currency payments to their kids' bank accounts on a set interval. Furthermore, you can save money and automatically transfer it at a date of your choice to a specified account.

The platform adds a new twist to crypto peer-to-peer transactions through SmartSwap. Here, it presents a use case for initiating over-the-counter (OTC) trades without the need for a third party such as a crypto exchange. A SmartSwap attracts a fee of up to 0.3%.

What's in it for TrustSwap? The platform charges for the services offered, thus drawing revenue. The higher the activities on the platform, the higher the revenues, and vice versa. It likely also generates funds through trading of its native SWAP currency.

The SWAP token has a total supply of 100,000,000 coins and uses a deflationary model by burning 10% of the transaction fees.

SWAP is a vital component in the TrustSWAP ecosystem since it gives holders access to a host of benefits. For example, it gives holders a seat on the governance table. Moreover, it is used to pay staking rewards.

SWAP holders can also enjoy a 50% discount on transaction fees when paying using the native token while helping the network maintain stability through staking.

Note that 80% of the fees charged on the platform go to liquidity providers and stakers, with the project keeping 10%.

TrustSwap secures its network by tapping into the second-largest blockchain, Ethereum. Ethereum is currently in transition from PoW to PoS and is expected to make it even more decentralized and secure in the long run.

The platform is non-custodial, which means that it doesn't have access to user funds in smart contracts. Furthermore, the protocol's security is enhanced by the use of audited smart contract code.

SWAP is available for purchase on Hotbit, Uniswap, BitMax, MXC, Gate.io, and 1inch exchange. Its major trading pair on these exchanges is USDT, except on Uniswap and 1inch, where it's paired with Wrapped Ethereum (WETH) and Ethereum (ETH), respectively. Visit here to learn more.

The all-time high of SWAP was 5.02 USD on 2021-04-16, from which the coin is now down 97.56088627486056%. The all-time high price of TrustSwap (SWAP) is 5.02. The current price of SWAP is down 97.56088627486056% from its all-time high.

As of , there is currently 100.00M SWAP in circulation. SWAP has a maximum supply of 0.

The current market cap of SWAP is 12.24M. It is calculated by multiplying the current supply of SWAP by its real-time market price of 0.122443509002.

The all-time low of SWAP was 0.01252836 , from which the coin is now up 877.3307041145049%. The all-time low price of TrustSwap (SWAP) is 0.01252836. The current price of SWAP is up 877.3307041145049% from its all-time low.

TrustSwap (SWAP) has a market capitalization of $12.24M and is ranked #1222 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze TrustSwap (SWAP) price trends and patterns to find the best time to purchase SWAP.