Trustswap is an easy way for you and anyone in the world to make safe cryptocurrency transactions together.
No need for a middleman, just use TrustSwap!
“A Venture Capital firm wanted to invest $50,000 into project tokens at a discount. Our company wanted to make sure that once the tokens were sent, they wouldn’t sell them all at once and crash the token price. The only way to ensure this was to hire a lawyer to act as a middleman, who would send fractional amounts of the tokens to the VC firm over time, for a 5-10% fee.
Absolute insanity. I figured there had to be something already created that implemented this service in a smart-contract, for a fraction of the cost. There wasn’t. Infact, there was nothing that allowed for time-based payments at all. No trustless escrow for institutions, no trustless team-token lockups, no automated employee payments... nothing.
That realization happened on June 19th 2020. Here we are today.
Welcome to TrustSwap.”
- Jeff Kirdeikis, CEO
Decentralized Finance, made easy
Recurring subscriptions are by far the most used billing method for online service providers in the world. TrustSwap allows online retailers to integrate crypto subscriptions, directly onto their sites, using any Ethereum-based token. From online courses to Patreon content creators, there is no limit to the potential. This can even be used to automate employee salaries!
Billions of dollars have been invested through Venture Capital firms to crypto companies. Nearly every time, the fees for lawyers and middlemen is ludicrously high. TrustSwap is removing the middleman, and providing a non-custodial, fully audited and secure solution for large dealflow to transact securely, quickly, and for minimal fees.
Tokensale Launchpad & Trusted Coin Offerings (TCO’s)
TrustSwap is providing the new “Gold Standard” in token launches through:
- Team Token Locks: Teams lock in their tokens, vested over a period of time, giving investors confidence that the team is in it for the long-haul.
- Event-Based Payments: Teams can only unlock investment funds after they hit promised milestones. If they don’t hit the milestones, investors can get their investment back. Governance for this is done using the SWAP token, in combination with the project's native token.
- Investor Token Release: By slowly distributing tokens to tokensale investors over time, both the company and investors have a sense of security in knowing that there will not be a single large “sell event”, and that holders of the token are on-board for the long-term vision.
- Early Access: Holding and staking SWAP will allow holders priority access into token presales.
Wrapping as a Service
Wrap any token onto the Ethereum network, allowing it to interact with wallets, decentralized exchanges and the TrustSwap ecosystem. This saves projects a massive amount of time and money. Building proprietary wallets is arduous, and listing lesser-used chains on exchanges is extremely expensive. Wrapping as a Service will allow any project to interact with the Ethereum Network seamlessly.
Do you want to make sure that a payment is going to get sent at a certain time, guaranteed?
Maybe you’re an employer looking to automate payments to contractors or a parent sending a weekly allowance to your kids.
No matter the situation, TrustSwap will allow you to be sure that the payment will land on time, every time.
All you have to do is set:
- The amount to be paid.
- The number of payments to be made.
- How much to set each payment to, and you're done!
Selected Use Cases
TrustSwap is a novel platform with infinite use cases, here are some of the prominent ones.
Automated employee payments
With TrustSwap you never have to use antiquated payroll software again.
Have payments delivered at an exact time & date to any employee through an accountable smart contract.
Lock up founder and employee tokens on a time based release schedule to give confidence and trust to investors.
Set up and pay for subscriptions using cryptocurrency.
Instant Will Execution
Create a will on a smart contract that will automatically release funds to your loved ones after you pass away.
Instant Gifts & Payments
Send an automatic gift to your son on his 18th birthday or a weekly allowance to your daughter.
Two Party Swaps
Do you want to make an instant, and trustless trade with someone? TrustSwap has you covered.
You and someone online want to trade 4 ETH for 1,000 TUSD.
You want to both make sure no one is going to get scammed.
Here's how to make the trade:
- You both set and agree to the terms of the trade.
- You both fund the contract with your side of the deal.
- Once both parties have put in their amounts, the trade instantly goes through! Done!
Received 1 ETH for 240 USDT from Alex Jones
Send 140 DAI for 2 ETH to Vanessa Williams
Send 10000 1UP for 1 ETH to Jack Jones
Received 1 ETH for 10M HEX2T from Clark Dawson
Two Party Time-Released Payment
Ensure your payments get to your recipients on a fixed schedule automatically.
You’re a crypto company looking to sell tokens to an investor.
- You receive an offer for $100,000 for 5,000 tokens
- However, you want to make sure that once you send your 5,000 tokens you will receive USD back.
- Lastly, upon delivery of the 5,000 tokens you want to make sure the receiving party won't instantly sell all tokens.
With TrustSwap you can set up a contract where you can receive $100,000 as an upfront payment and transfer your tokens securely to your recipient without any risk of being scammed.
With TrustSwap you can set up a contract to slowly release the 5,000 tokens at whatever frequency and interval you chose. Sounds simple? It is!
Lawyers usually charge 5-10% to act as middlemen, who can make errors in their transactions. Using Trustswap, you only pay 1% of the transaction cost as a fee. In the scenario above, using a lawyer would normally cost $5,000 - $10,000.
With TrustSwap, this contract would only cost $1,000 (1%). If you use the SWAP token, it only costs (0.5%) $500.
An Evolution in the ICO
What if you could invest into a new project with 100% certainty that the other investors were in it for the long-haul?
What if you knew that there was no risk that someone would “dump” on you, would you feel more confident investing?
What if as a project founder, you finally could have the certainty that your token price and company health would stay much more stable and in good-standing, would that be worth a 0.5% fee?
TrustSwap will allow companies to synergize seamlessly with investors by aligning interests in a trustless contract.
An Example ICO
NewCoin is raising $1 million
There are 100 people interested to invest $10,000 each, in exchange for 500 NewCoin tokens.
NewCoin can set a custom time schedule for how these 500 tokens will be released. They can be distributed 100 tokens every 3 months, 50 tokens every month, or at any token amount and timeline they chose!
To enter the contract is easy
Both the investor and Newcoin would fund the contract with the total amount and then press “agree”.
NewCoin would then receive $10,000, and the investor would automatically receive their tokens at whatever the set schedule was.
Out of the $1M raise, Trustswap would charge a $5,000 fee if paid in SWAP tokens.
80% of this would get distributed to stakers, 10% would be burned, and 10% would go to the foundation.
TrustSwap for the entire crypto market
UNIVERSAL TOKEN WRAPPING
TrustSwap’s system will allow ANY token on ANY blockchain to integrate with the TrustSwap ecosystem, and beyond, by providing a “wrapping” service which converts any token into an ERC20 at a 1:1 ratio.
ETHEREUM ECOSYSTEM INTEGRATION
Once a token is wrapped, it can interact with the entire Ethereum ecosystem, including metamask, cold-storage wallets, decentralized exchanges like uniswap and beyond.
Want to swap Monero, Bitcoin or Cardano on Uniswap? TrustSwap makes that happen.
Speaking of exchanges, did you know that listing an ERC20 can cost 10X less than listing unique blockchain coins? Using TrustSwaps wrapping service, projects save thousands of dollars in listing fees.
Sounds cool, but does anyone use wrapping?
Wrapping is so popular, that there are more “Wrapped Bitcoins” on Ethereum than there are Bitcoin on the Bitcoin Lightning Network.
TrustSwap is bringing it mainstream.
The TrustSwap token (SWAP) has many unique features.
Stakers of SWAP tokens are the voters for platform governance decisions
Every transaction paid in SWAP rewards stakers and liquidity providers with 80% of the transaction fee. 10% is burned, and 10% goes to the foundation
Longevity and Stability
Commiting to stake your SWAP for longer creates a multiplier on your SWAP staking rewards from all TrustSwap network transactions
10% of SWAP used as transaction fees for services offered by TrustSwap will be burned. This decreases the total supply of SWAP, thus increasing the value of each SWAP token
SWAP tokens will start as the initial supply. This will gradually reduce as tokens are burned with each transaction
TrustSwap fees are reduced by 50% when using SWAP tokens
The Initial Liquidity Offering will start at a marketcap value of $500,000.
After the ILO begins, purchasing SWAP tokens is designed to get continuously more expensive. The first ones in to purchase on the ILO get the best rate.
Support for NFTs and Other Tokenized Assets
Alpha release of TrustOptions (TM)
Alpha release of TrustDEX (TM)
TrustSwap was founded by an experienced team with roots in other projects from Uptrennd to Bravocoin.
Jeff is the Founder and CEO of Uptrennd, the world’s most engaged blockchain-based social media platform. He is the host of The Bitcoin and Crypto Podcast, and runs the worlds most engaged FB crypto group.
Adam is the dev and founder behind the projects Bravocoin, a platform that allows users to earn crypto for writing reviews and Rebuzz, a decentralized social network. He has previously worked as a Sr. Architect at Godaddy and Intel.
Joaquim was the youngest Canadian inducted to the Canadian Marketing Association and currently works with gda.capital, connecting institutional money to crypto.
Bradley TownsendBuisness Development
Brad is an experienced growth enabler with an extensive business acumen, and has built an impressive network of both C-level executives and notable grass-roots thought leaders. He leverages these to strengthen the presence of new and running projects, supporting short term growth for sustainable long term development.
TrustSwap is backed by a notable and experienced team of advisors from the crypto ecosystem.
Michael is the Founder of Boxmining - one of the top crypto YouTube channels with over 200,000 subscribers and 15 Million Views. Michael has been providing top tier independent coverage of the cryptocurrency scene. Michael has participated in the first wave of cryptocurrency investing, with a mining operation in 2012 and key investments in 2017.
Ivan LiljeqvistIvan on Tech Academy
Ivan on Tech is a blockchain developer, influencer and educator. His educational platform, "The Ivan on Tech Academy" is currently the world's largest blockchain academy. He is also known for his YouTube channel where 235,000 people follow him daily.
Mauvis LedfordFormer CTO CoinMarketCap
Mauvis is the former CTO at Coinmarketcap, as well as the former Technology and Research Consultant at the Bill and Melinda Gates Foundation. He currently serves as an advisor at the first full-service blockchain accelerator, MouseBelt.
Michael "Mafiaboy" CalcePresident @ Optimal Secure
Michael is an elite-tier security expert, who is currently the Chair of the Board of Advisors of HP. In his early years, Michael launched a series of highly publicized denial-of-service attacks in February 2000 against large commercial websites, including Yahoo!, Fifa.com, Amazon.com, Dell, Inc., E*TRADE, eBay, and CNN.
Luke WagmanFormer Goldman Sachs & CoinMarketCap
Luke previously worked as an analyst at Goldman Sachs, where he provided the link between traditional money and crypto. From there, he was the second person ever to join the CoinMarketCap team, where he built the team responsible for listing and evaluating all the coins and exchanges as well as maintaining the several thousand data fields across the website.
Below we’ve provided some answers to the most asked questions. We'll update this over time as the list grows.
Is this like a cryptocurrency exchange?
No. A crypto exchange is like a stock market. You can’t set contracts with individual people, nor can you set time released payments to be completed.
This seems so simple, can’t anyone build this? Why don’t all projects use time-locked team tokens and all escrow deals use this two-party escrow service?
To build it is fairly simple, but to get trustworthy audits is costly and expensive. It doesn’t make sense for individual projects to build these smart-contracts out. TrustSwap is the first to offer it to the public at-scale.
Will the total supply ever increase?
No, it’s deflationary. The supply starts at 100M tokens, every time a purchase is made with SWAP tokens, they are burned and removed from circulation forever.
Do I need to fully pre-fund the time-release contracts?
No matter which contract it is, both sides need to be 100% funded, including the fee.
What cryptocurrencies are supported on this platform?
You can use any Ethereum based token!
Can this be used like an escrow service?
Yes, that is what a two party swap is defined as. However, we provide more functionality such as time based and chunk based partitioning of a given swap!