The Big Problem in DeFi
The common problem in the DeFi world is the launch of new tokens via poor audit and time-consuming procedures as well as the questionable legitimacy of project members. Crypto ecosystems enable the creation of innovative dapps but have also been a platform for scams and coding errors. This has led to the loss of huge amounts of funds. In addition, launching a new audited token typically costs >$100K for DeFi projects. Moreover, these costs and complicated processes represent significant barriers to entry for teams looking to put their ideas into product.
Mint is the Answer!
TrustSwap aims to tackle the security, time and cost obstacles for new DeFi projects. Such a service would enable a smooth on-ramp for innovative teams aiming to create decentralized solutions for the crypto community. That’s why we created Mint.
Mint is the Easy-to-Use Token Generator enabling the creation of custom Ethereum, Polygon and/or Binance Smart Chain tokens with no coding experience required!
The Mint Creation Procedure is extremely user-friendly, fully audited and consists of 4 easy steps. As a result, DeFi projects save significant time and hundreds thousands of dollars on developer and audit fees. Additionally, projects remove code-based risks such as secret minting features, backdoors, code vulnerabilities, attack vectors and bad actor developers.
Projects can efficiently mint their own audited token and add common features such as minting, burning, staking and more. Besides saving costs for third party audits and code development, DeFi projects generate trust from the community since scam and attack risks are exponentially reducing.
“We’re excited to introduce Mint to the TrustSwap community. Whether it’s setting up tokenomics, inflationary or deflationary properties, or determining token presale opening and closing. We’ve taken the stress, risk and costs out of creating tokens for upcoming crypto projects.”
Jeff Kirdeikis, TrustSwap CEO
“With Mint, we’ve made it possible for anyone accessing the TrustSwap ecosystem to easily create their own tokens in minutes,” says Jeff Kirdeikis, CEO of TrustSwap. “We’re excited to introduce Mint to the TrustSwap community. In addition, whether it’s setting up tokenomics, inflationary or deflationary properties, or determining token presale opening and closing, we’ve taken the stress, risk and costs out of creating tokens for upcoming crypto projects.”
Mint Notable Features
Mint is a free service provided by TrustSwap, with projects only required to pay for gas fees upon token creation. Moreover, when a token is created, 0.4% of the total supply is reserved for farming pools for the best performing tokens. Additionally, 0.1% goes towards the growth of TrustSwap’s ecosystem. All contracts created via Mint are audited by Certik and Hacken, two of the leading blockchain security companies. The code is open-sourced for the community to access.
- Token Vesting – After minting, tokens have the option to seamlessly take a portion of the tokens and lock them in a vesting schedule, using TrustSwap’s locking and liquidity services at Team.Finance
- Pre-Audited Code – Token holders gain confidence, trust, and save time and money on both audits and developers.
- Modular Components – Ability to add features that the biggest cryptocurrencies in the space commonly use, such as minting, burning, staking and more.
Mint currently supports Ethereum, Polygon and Binance Smart Chain token creation. Users receive new tokens on their Metamask wallets, upon creation. More blockchain networks are on the roadmap for Mint support in the future.
Create your Token in 4 Easy Steps!
Step 1/4: Provide Basic Information – Blockchain Network, Token Name, Symbol, Logo, Decimals, Description, Website (Optional), Twitter (Optional), Telegram (Optional)
Step 2/4: Set up Tokenomics – Initial Supply, Maximum Supply, Fee, Supply Type (e.g. Fixed)
Step 3/4: Select Token Features – Transaction Fee, Mint Function, Burn Function
Step 4/4: Configure Feature Settings – If a Transaction Fee is selected instead of Mint and/or Burn Function, the fee percentage for each transfer transaction is set on this step
Upon completion of the above steps, users deploy the contract to the blockchain of their choice. This is done through a compatible wallet like Metamask.
Mint combines with complementary SmartLaunch services – Token Locks, Liquidity Locks and Vesting-as-a-Service
Mint is able to integrate with complementary locking and liquidity services Token Locks, Liquidity Locks and Vesting-as-a-Service. This integration completes the final security loop in the TrustSwap SmartLaunch ecosystem, introducing trust and safety to the world of cryptocurrency.
TrustSwap provides technical and operational support through the launch of new tokens with MINT and the integration with the locking and liquidity services. The integration of these services offers a trusted and safe environment to investors and team members by reducing team token dumps, rug pulls, exit scams and rogue minting. Additionally, payment schedules connect to concrete achievements and dates, in a trustless and transparent environment. Locking details are transarently visible on the Team.Finance Dashboard for every participant to observe.
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