Austin from Altcoin Daily discusses the launchpad, SmartLaunch and tokenomics of the TrustSwap platform, the best crypto launchpad in 2021.
TrustSwap is a full-service digital ecosystem. The distributed platform, TrustSwap token and protocol promises a new evolution in decentralised 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 and subscriptions paid in crypto.
Austin says it is currently the most interesting launchpad in the entire crypto space. The TrustSwap launchpad is your ticket for early access to the best new crypto and DeFi tokens in the space. The feature allows guaranteed access to token pre-sales of early-stage crypto start-ups for users who stake TrustSwap’s base asset, the SWAP token. This solves the unfair situation created by giving large scale investment firms called “Venture Capital” priority access to early-stage start ups (1:19).
Austin says the next interesting feature introduced by TrustSwap is SmartLaunch. SmartLaunch from TrustSwap features a token generator known as Mint in order to promote crypto security. Mint is capable of creating fully audited tokens for free within just a few minutes. Mint has successfully completed the last loop in the TrustSwap “SmartLaunch ecosystem”. Coupled alongside liquidity locks and token locks (This is a huge green flag because the team is not going to dump on their investors) and also create security in the crypto space (3:45).
What are the use cases and network effects of TrustSwap (Tokenomics)?
Austin reiterates fact it is a governance token which allows the people(community) have direct control of the network progress. Fees on TrustSwap services are reduced by 50% when using SWAP. Every transaction paid in SWAP rewards users who stake the token with 80% of the transaction fee, 10% goes to the TrustSwap Foundation and the remaining 10% of SWAP paid in platform fees will be burned decreasing the total supply making the token deflationary (10:07)
Visit the TrustSwap website for more info.
This episode premiered on March 7th, 2021.