Question 1

What is Trustswap (SWAP)?

Accepted Answer

TrustSwap is a decentralized platform "dedicated to revolutionizing" decentralized finance (DeFi). The platform is known for pioneering next-gen multi-chain token swaps and other utilities that address challenges in split payments, subscriptions, and cross-chain token swaps. At its core, TrustSwap offers staking, smart locks, and smart swaps that can convert any digital currency into an ERC20 token. This includes the platform's unique cryptocurrency wrapping services, permitting users to incorporate any cryptocurrency into the Ethereum blockchain. Moreover, TrustSwap provides escrow services, acting as a trustworthy intermediary in crypto transactions. The platform also facilitates a token launchpad, enabling users to customize the release of investor tokens and providing options like staking TrustSwap's native asset, SWAP, for early access.

Question 2

Who is the team behind Trustswap (SWAP)?

Accepted Answer

TrustSwap boasts a seasoned team comprising professionals from diverse sectors such as Intel, Goldman Sachs, KPMG, Coinmarketcap, Siemens, Unisys, GoDaddy, HP, the Bill and Melinda Gates foundation, among others. Key members include Ivan Anastassov (COO), Ivan Reif (CTO), Onuora Amobi (CMO), and Joey Ryan (CFO).

Question 3

What is $SWAP used for?

Accepted Answer

$SWAP is the engine that powers the TrustSwap Ecosystem. It's a deflationary utility token designed primarily to handle fees on the TrustSwap platform. Users get a 50% discount on service fees when they opt to pay with $SWAP instead of ETH. From these fees, 10% gets burned, 10% is allocated to the developer fund, while a hefty 80% goes to the staking reward pool. The token's reach extends across various blockchains, including Ethereum, Binance Smart Chain, Polygon, and Avalanche.

Current and planned utilities of $SWAP include:

Discounts: 50% off on TrustSwap service fees when using $SWAP.
Staking: Users can stake $SWAP in TrustSwap's Long-Term Staking Pool (LTSP) to earn rewards and elevate their Staking Score.
TrustSwap VIP Access: Staking a minimum of 100,000 $SWAP for five years grants access to the "TrustSwap VIP Community Council".
Shopping.io: $SWAP can be used for purchases on prominent platforms like Amazon, Walmart, and eBay.
Farming: Staking $SWAP allows users to earn tokens from various launchpad projects.
SyncBond: Users can use $SWAP to generate transferable NFT-based liquidity bonds.
Connect Finance: $SWAP can also serve as collateral for Visa credit card purchases.
In essence, $SWAP has been designed as a versatile utility token catering to a wide array of DeFi needs within the TrustSwap ecosystem.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SWAP-USDT SWAP_USDT	gateio	A	0.04229USDT	-0.19%	2,708.11SWAP	11	0.04237USDT	0.04314USDT
2	SWAP-KRW SWAP_KRW	bithumbkorea	-	58.11KRW	0.28%	1,365,829.82SWAP	848	57.95KRW	58.73KRW
3	SWAP-USDT TRUSTSWAPUSDT	mexc	C	0.04195USDT	-2.08%	143,919.35SWAP	738	0.04284USDT	0.04446USDT
4	SWAP-INR SWAPINR	coindcx	-	4.46INR	8.25%	5,289.12SWAP	14	4.12INR	4.47INR
5	SWAP-USDT SWAP_USDT	poloniex	C	0.006800USDT	0.00%	0SWAP	0	0.006800USDT	0.006800USDT
6	SWAP-USDT SWAPUSDT	latoken	D	0.04304USDT	0.00%	0SWAP	0	0.04304USDT	0.04304USDT