TrustSwap leverages its Escrow and Time-Lock services to create a startup launchpad

In recent months, a new DeFi relative has made a name for itself in the cryptocurrency arena. It’s called TrustSwap and it’s purpose built to fill a void in the cryptocurrency industry that is integral to the ongoing mission to bridge the gap between cryptocurrency and traditional finance. TrustSwap accomplishes this by providing a service platform that can handle a variety of useful types of cryptographic transactions in a simple, low-cost way.

TrustSwap Escrow and time-lock services

The platform was born from an idea of ​​its CEO Jeff Kirdeikis, a cryptocurrency veteran who has tackled headlong the problems crypto startups often face. The idea came when Kirdeikis, who was working with another crypto startup at the time, went looking for a way to facilitate a $ 50,000 investment by a venture capital firm in the startup project. The company wanted to structure the investment as a discounted purchase of the project’s tokens, but this carried greater risk.

If the investor acquired control of such a large number of tokens at the same time, it would give them effective veto power over the direction of the project. In other words, they would have the ability to dump their tokens to the market all at once, causing a crash that would sink the project. The only answer was to structure the purchase as a series of smaller, timed token purchases. But to Kirdeikis’ surprise, the only way to do this was to pay a lawyer to administer the transactions, in exchange for a hefty 5% -10% fee.

That’s when the idea of ​​TrustSwap was born. It’s a platform that uses smart contracts as a replacement for the expensive and cumbersome intermediary-dependent transactions that startups and other businesses have to execute on a regular basis. Its core service is called TS SmartSwap ™, an escrow system created to manage high-volume OTC asset transfers between two or more parties. It is exactly the solution that Kirdeikis was looking for to facilitate the previous VC transaction. TS SmartSwaps allows cryptocurrency firms to transact with investors on a schedule of their choice, without costly intermediaries. As long as everyone involved in a transaction accepts the same terms, the platform does the rest for a minimal fee.

But this isn’t the only type of transaction TrustSwap can handle. It also offers some useful and innovative additional services in the sector. One such service, called TS SmartLock ™, is a one-to-one or one-to-many time-based repeat payment system. It can be used to facilitate performance-based payments or even allow companies to offer cryptocurrency options in their payroll workflows.

And there’s also TS SmartSubscription ™, which is an API-based bolt-on website solution to allow businesses to accept repeat subscription fees in compatible cryptocurrencies. In short, it’s a payment-as-a-crypto service offering that could finally help more creators and digital service providers, from Netflix to Spotify and beyond, to embrace cryptocurrencies once and for all. This is a multi-billion dollar market that cryptocurrencies have yet to penetrate significantly. TrustSwap aims to become the go-to crypto subscription service provider.

The most useful launchpad services for crypto startups

Even with such a diverse arsenal of smart contracts, TrustSwap isn’t resting on its laurels. It is also evolving into one of the most useful launchpad services for crypto startups available today. To this end, TrustSwap offers a variety of services designed to simplify common startup tasks. Held under the TS SmartLaunch ™ umbrella, TrustSwap offers startups a world-class automated pre-sale token management system, as well as tools to counter token price manipulation.

Together they help crypto startups launch without worrying about the destabilizing forces that tend to consume the attention of founders, leaving them to do what they do best: innovate. Already three major crypto startups – Chaingames, MobiePay, and AuBit – have used TrustSwap as a stepping stone to early success and are about to be joined by another industry star.

In recent weeks, fintech startup Coin announced that they too would soon be using TrustSwap’s services to facilitate their launch. It’s a new DeFi service backed by an all-star team of Microsoft alumni, which aims to build a decentralized P2P coin exchange that uses AI to offer cryptocurrency holders a new and simpler option to manage their assets. Coin turned to TrustSwap to help execute their upcoming liquidity token sale.

Specifically, TrustSwap will handle three main parts of the sale. It will manage the team’s token maturation needs, the maturation of individual token holders, and the liquidity blocks that underpin the market for the new COIN token. The trust that Coin’s team of industry veterans has placed in TrustSwap is a very visible sign of how far the platform has come in such a short time.

TrustSwap has no plans to stop innovating anytime soon. In the very near future, they also aim to launch a new token wrapping service called TS SmartWrap ™ which will allow users of the TrustSwap ecosystem to incorporate non-Ethereum assets into Ethereum-based DeFi applications. This will help open the door to a flurry of innovation that will bring the crypto space ever closer to delivering on its vast promise.

Upcoming developments make it clear that TrustSwap is on track to over-deliver its ambitions much faster than even its founder expected. From its beginnings in June 2020, TrustSwap has emerged as a force in the DeFi space that is rapidly gaining ground and making believers the industry’s heavyweights in no time. With such a stellar initial track record, there is no doubt that TrustSwap is poised to continue doing even greater things, serving the crypto masses and making it possible for investors and end users alike to join the revolution that is now more. of a decade the realization.

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