TrustSwap Explained.
Some of us may have been hearing the word TrustSwap alot but do not know what it really is.
On this post, I'm gonna try my best to elucidate what TrustSwap is, so stay .
Trust swap is the next evolution of Decentralized Finance (DeFi) transactions solving major problems with subscriptions, split payments, and cross-chain token swaps.
Currently as I write to you trenndiverse, it is one of the easiest ways for users and investors to make safe and fast crypto transactions without anyone to do it for you. Isn't that great?!
There's more.
This company was created by our one and only @Jeff Kirdeikis and he's also the current CEO🎉🎉.
TrustSwap has a background and it was explained clearly by the CEO Jeff Kirdeikis.
Read below.
"A risk capital firm wanted to take a position $50,000 into project tokens at a reduction . The 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.
Mr jeff 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.”
Swap is listed on Coingecko, you can always check the price there.
