TrustSwap
Crypto Overview
Purpose and Utility
TrustSwap is a DeFi protocol that was launched in 2020. The platform's core purpose is to provide secure token locks, time-released payments, and escrow services on multiple blockchain networks. The SWAP token serves as the platform's native utility token, used for governance and fee payments.
Business Model and Current Usage
The platform primarily generates revenue through fees from its services, including token locks, launchpad services, and smart contract solutions. These services involve actual asset transfers and create tangible utility for users. The platform has expanded to include several products: SmartLaunch (launchpad service), SmartLock (token/liquidity locking), and SmartSwap (peer-to-peer token swaps).
Platform Development and Adoption
TrustSwap maintains active development, with regular updates to its ecosystem. The platform has processed billions in total locked value through its services and has facilitated numerous token launches. The project shows continuous technical development and maintains partnerships with various blockchain projects.
Token Distribution and Governance
The SWAP token has a fixed supply of 100 million tokens. The distribution includes allocations for team members and advisors with vesting schedules, public sale participants, and ecosystem development. The token enables holders to participate in governance decisions through the TrustSwap DAO.
Revenue Model Analysis
The platform's revenue model is based on service fees from actual utility provision, not from interest-bearing activities or gambling. The core services involve secure asset transfers and time-locked payments, which align with Islamic financial principles as they facilitate legitimate business transactions.
Crypto Impact
To assign a comfort level investing in TrustSwap from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to TrustSwap.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.