TrustSwap
Crypto Overview
Understanding TrustSwap's Intended Utility
TrustSwap was launched in 2020 as a decentralized finance (DeFi) protocol designed to provide secure token locks, time-based payments, and multi-chain token swaps. The platform's primary utilities include token locks for team/founder tokens, time-release payments, and escrow services. The project has evolved to include launchpad services for new cryptocurrency projects and NFT capabilities.
Business Model Analysis
The protocol generates revenue through fees from its various services including token locks, launchpad services, and swap fees. The SWAP token serves as a governance token and provides access to premium features within the ecosystem. Token holders can stake their SWAP tokens to earn rewards from protocol fees.
Real World Adoption Assessment
TrustSwap has demonstrated legitimate utility through its SmartLock service, which has been used by numerous cryptocurrency projects for token vesting. The platform reports over $1.5 billion in locked assets across various chains. The development team maintains regular updates and has expanded functionality across multiple blockchain networks.
Token Distribution and Governance
The initial token distribution allocated 20% to the team and advisors with vesting periods, 30% for ecosystem development, and 50% for public sale and liquidity. Team tokens are subject to long-term vesting schedules, indicating commitment to long-term development.
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.