Decentralized Finance (DeFi) is the future of the global economy. In this line, there is a need to establish a trustless means for transaction. Many cryptocurrency projects have therefore emerged with Defi solutions. Most of these projects vary as some seek to improve access to capital while others aim to propel cryptocurrencies to mainstream adoption. However, the cryptocurrency space is yet to have a project that will solve the shortcomings in the DeFi sector. TrustSwap is the answer.
What is TrustSwap?
TrustSwap is a DeFi platform whose underlying goal is to become a smart contract software provider. The platform was founded by Jeff Kirdeikis after his experience working with a crypto project that was looking for a way of accepting an early-stage investment from a venture capital firm. In this case, they intended to purchase a significant amount of the projects tokens while gaining equity in the business.
Kirdeikis realized that there was no cheap way of carrying out the transactions. He concluded that other crypto businesses faced the same inefficiencies and high costs for routine transactions. It gave birth to TrustSwap.
The TrustSwap platform is powered by the native token, SWAP, an ERC-20 token. The SWAP token is used for discounts on services, dividends from staking, and as a governance token.
What does TrustSwap do?
TrustSwap offers the TS SmartSwap feature, an escrow service that works based on smart contracts. The feature is designed to provide an alternative to asset transfers directly. It eliminates any middlemen while staying true to the finding goal. It makes it easy for investors to transact seamlessly at minimal charges.
Through the TS SmartSubscription, TrustSwap is bringing a revolution to subscription payment. Businesses can leverage this feature and accept payments in cryptocurrencies while getting a chance to enter the digital space sector. Worth mentioning is that the service is API enabled, meaning it can be integrated into almost any existing digital platforms like Netflix and
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