TrustSwap recently released its SmartLaunch in order to promote crypto security.
SmartLaunch from TrustSwap features a token generator known as Mint. Mint is capable of creating fully audited tokens for free within just a few minutes.
Mint has successfully completed the last loop in the TrustSwap SmartLaunch ecosystem. Coupled alongside liquidity locks and token locks, Mint also aims to create security in the crypto space.
The Need for Security in the Crypto Space
There is a need for security in the crypto space as crypto hacks are currently on the rise. The SmartLaunch system has adopted cutting edge technology and best practices to ensure that data is protected and external threats are restricted. Even before the launch date, the code has been effectively open-sourced and all contracts have been audited many times.
In order to create a long-standing name that people can trust, TrustSwap is working hard to be a leading name by providing effective security services for token holders. The platform also boasts $135 million in TVL. As for token holders, they can check a central location at any time to gain full information about the status of their projects.
Benefits of SmartLaunch for SWAP Holders
For every token created on Mint, 0.5% of the tokens are collected from the total supply. From the 0.5%, 0.4% of these tokens are put into thirty-day “mining pools” while 0.1% is collected to support the growth of TrustSwap Inc.
When SWAP holders stake SWAP into a mining pool that is designed for a particular project, such a holder will earn a representative share of that mining pool. Therefore, any pool chosen by the holders to stake in will be the unique token that the holder will earn.
It is also pertinent to note that each mining pool will hold a particular amount of SWAP as it gives out token rewards. As a result, this process will help in the reduction of the circulating supply of SWAP, which inadvertently leads to scarcity of SWAP.
Roadmap for the Rollout of Mint
The rollout of the token generator, Mint, will occur in different stages. In phase one, there will be a basic minting functionality. This phase is expected to be ready by the first quarter of 2021.
Thereon, other additions like rebase, inflation, deflation, and staking can come in. This will happen in Phase Two, which is scheduled for the early second quarter. In Phase Three, Polkadot integration will be brought into the cross-chain. Besides, the team hopes to achieve this by late Q2.
Before now, TrustSwap disclosed details of its upcoming Swappable DeFi NFT and ERC-20 marketplace. In line with the development, SYNC also revealed interest in TrustSwap’s soon-to-launch Swappable marketplace.
TrustSwap (SWAP) Price
As of the time of publication, TrustSwap (SWAP) price was $1.17 with a 24-hour trading volume of $3,669,665. SWAP prices went up by 7.3% over the last 24 hours. It also has a circulating supply of 64.6 million SWAP coins and a max supply of 100 million. Besides, Uniswap (v2) is the current most active market trading SWAP.
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