TrustSwap

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.