Trust Swap (SWAP)

Comparable to - Fidelity National, Escrow service

Simple Explanation - TrustSwap locks the liquidity pools of tokens on its network. This allows people to buy and sell tokens without the risk of large scale investors manipulating the price of the tokens. This provides a greater degree of safety for the individuals trading on TrustSwap. TrustSwap is also an escrow service allowing for the removal of third parties that have been known to facilitate transactions in the past. Instead these third parties are replaced by smart contracts. These smart contracts are programmed to automate the secure movement of digital tokens across the Ethereum Network.

A crypto experts explanation - The main goal of TrustSwap is to remove the need for middlemen and third parties that have been needed in the financial world in the past to establish things like escrow accounts. Decentralized finance has traditionally had problems with subscriptions, high fees, splitting payments, pump and dump schemes, and token swaps. TrustSwap was founded to solve these major problems. TrustSwap offers secure, customizable transactions that can be made with ease and minimal fees anywhere in the world. In the past we have depended on people controlled institutions to monitor certain events and enforce them with contracts. TrustSwap replaces these people controlled institutes with Smart Contracts, or TrustSwaps name of SmartLock Contracts. An initial issue that occurred with Crypto were pump and dump schemes, or ICO scams, where a person is sucked into buying a token that loses value quickly when a large portion of pre-sale tokens are sold by the initial investors and/or the team after the public has bought in and greatly increased the price. The investors and/or team dumps the price of the token after the public pumps the price (thus the term pump and dump). SmartLock Contracts fix this issue by releasing the investors tokens on a scheduled basis at regular set intervals, which keeps investors from obtaining large amounts of tokens before the public and in turn dumping them upon the release. This contract also has code written that will allow investors to get their money back if milestones are not reached as agreed. Furthermore, Trustswap introduces locking liquidity pools. With no liquidity pool, a token cannot be traded. A team and/or investors will supply a liquidity pool, get people to buy into a token, then sell their tokens and remove the liquidity they supplied to the pool. Afterwards, there is nothing left for the general public to use to recoup their losses. A notorious example of this was the PAMP token. Trustswap allows for projects to lock their liquidity through them. That way the team and/or investors cannot remove the liquidity for exchanging their token for a set amount of time (usually 2-4 years). Utilizing a smart contract also lowers fees by removing that middleman or institutions. Normally people controlled institutions will charge an extra 5-10%, but TrustSwap fees are normally 1%, generating a large savings for the public. SmartLock Contracts also allows you to develop Escrow Model Payments by loading a contract with any Ethereum based tokens and setting this to make automatic payments at specific times which can allow you to pay employees, or even use TrustSwaps SmartSubscription to pay bills on time or send gifts. SWAP is an ERC20 token that was created to revolutionize how financial transactions are made in the real world. SWAP tokens give you a 50% discount on all TrustSwap services. They allow you to receive dividends back and because it’s a governance token you have the ability to vote on changes. SWAP allows you to cut out banks, lowering fees, and making financial transactions easy all on the blockchain.