2021 was a significant year of growth for TrustSwap.
With so much happening across so many verticals, it’s difficult to keep track of all the progress.
So let’s break it down category by category.
If you’d prefer to watch the video recap and roadmap ahead, you can do that here.
Launchpads
In the year 2021, TrustSwap hosted 29 Launchpads and FlashLaunches.
The average performance across all projects to-date is an All-Time-High of 24.15x and a current price of 6x. If you had allocated $1,000 to each of the launchpad, you’d have $192,000 today.
Stats can be viewed here.
TrustSwap teamed up with leading exchange Gate.io, where projects hosted on the TrustSwap Launchpad would receive instant listings within the first week, allowing for easier global access to Launchpad tokens on the open market.
Roadmap for 2022:
TrustSwap will continue to release at least 1-2 Launchpads per month, while increasing our network of partnerships to ensure all launches perform as optimally as possible.
TrustSwap will be drastically upgrading the Launchpad application and funds submission process to simplify the process for all participants.
A new upgrade will be coming to the Launchpad allocations where long-term supporters of the TrustSwap ecosystem are rewarded. This will be in tandem with the Long-Term Staking Portal (more info further in this post).
Team Finance
Team Finance has grown to be the #1 service provider for token lock and liquidity lock services in crypto across the metrics of:
– Total value locked: Over $4 Billion
– Number of projects using the service: Over 16,000
– Number of blockchains supported: 8
With an average of 175 new locks created every day, and an average price per lock of $75, Team Finance generates ~$400,000 of revenue monthly.
The Team Finance lock is featured on Dextools (the most used site for viewing lowcap charts) for every single trading pair.
Team Finance regularly ranks as #1 on Google for most token locking related search queries.
Team Finance went live with its vesting contracts, available on three blockchains, already used by over 2,000 projects.
Team Finance deployed “Mint”, a fully-customizable token generator available across multiple blockchains. Over 4,000 tokens have been generated using Mint.
100% of all Team Finance revenue goes towards buying back $SWAP tokens. 20% is distributed to stakers, and 80% is held in the company treasury for future growth and funding the upcoming “Barter Contracts” (more info later in this document).
Roadmap for 2022:
TrustSwap will continue to add more blockchains to Team Finance’s list of services and will be doing a full overhaul of the look and messaging of the Team Finance website.
We regularly see projects using only one or two of the Team Finance services, rather than using the full “SmartLaunch Toolkit”. By not using the full SmartLaunch Toolkit, (Token locks, liquidity locks, vesting and Mint) projects open themselves up to needless vulnerabilities. We aim to bring security to crypto and want to ensure projects and investors understand these potential vulnerabilities and do everything they can to eradicate them. The new Team Finance website will highlight the “Security Scores” for every project on blockchains supported by Team Finance. The higher their security score, the less vulnerable their project is to hacks and exploits. We predict that this security score will encourage projects to use more of the Team Finance services to further ensure the security of their project.
We will be removing the fee on our Mint, the token generator, to completely remove any reason that projects would not want to use the full toolkit. For projects that do not want to use Mint, we will provide links to both automated and manual audits so they can increase their security score. They will also be able to upload their audits from a list of TrustSwap pre-approved audit firms, which we will then cross-verify with the firms themselves.
We very realistically anticipate to further increase the gap between Team Finance and it’s competitors across all metrics, solidifying TrustSwap as the go-to solution for projects across all blockchains for all of their tokenomic needs.
The Crypto App
In June, TrustSwap acquired “The Crypto App”, one of the most downloaded crypto apps in the world. At the time of acquisition, The Crypto App had two million downloads. In comparison to similar application acquisitions, where FTX purchased Blockfolio (6M downloads) for $150M USD, ($25 per user) this marks the value of this acquisition as a 50 Million Dollar asset.
Six months later, The Crypto App has grown to 3.5 Million downloads and generates significant revenue monthly.
100% of all revenue from The Crypto App revenue goes towards buying back $SWAP tokens. 20% is distributed to stakers, and 80% is held in the company treasury for future growth and funding the Barter Contracts.
Roadmap for 2022:
TrustSwap will go live with a modernized and improved version of The Crypto App. This version makes the app much easier to navigate, and much more attractive for app users.
The Crypto App will be integrating a portal where you can buy/sell/trade/stake cryptocurrency.
This means The Crypto App will act as a fully functional exchange with $SWAP as the main utility token.
Exactly like how the BNB token allows you to save on Binance transaction fees, SWAP will allow you to save on transaction fees within the app. SWAP will also allow you to earn higher APY’s when staking cryptocurrencies in-app such as Bitcoin and ETH. To re-iterate the importance here, The Crypto App is months away from having full exchange capabilities, with the addition of being able to earn 12% APY staking rewards.
SWAP will be the exclusive utility token for one of the most downloaded crypto exchange apps in the world.
Charity & Donations
TrustSwap planted 1,000,000 trees in partnership with Eden Reforestation. Each tree planted will be tended to until full maturity and helps bring jobs into developing nations where these trees are planted.
TrustSwap invested into KlimaDAO, effectively removing 250 Tons of Carbon Credits.
A donation was made towards the protesters at Fairy Creek who are protecting the last 3% of old growth forest in BC, Canada.
TrustSwap and Swappable collaborated with UNICEF to launch an NFT auction with 100% of the proceeds going directly to UNICEF.
Roadmap for 2022:
We will plant another 1,000,000 trees in 2022 and will continue with other philanthropic ventures.
Sponsorships
Amanda Nunes, the most well recognized female UFC fighter of all time signed a one-year sponsorship deal with TrustSwap and The Crypto App with weekly social media posts across both Twitter and Instagram
TrustSwap and Swappable teamed up with T1, one of the most recognized teams in Esports globally to sponsor their Dota 2 tournamant, as well as issue exclusive NFT’s on Swappable.
Staking & Tokenomics
TrustSwap started the year with staking exclusively on ETH and has now expanded to four chains, ETH, BSC, AVAX and MATIC. Over 55M $SWAP is currently staked, representing over 70% of the circulating supply.
Our tokenomics have evolved into a model that rewards $SWAP holders and stakers immensely
1. Revenue generated from Trading fees on Swappable: 80% goes to stakers ; 20% burned
2. Team Finance revenue: 100% of revenue is used for buybacks, 80% is used for business development & 20% towards the long-term staking pool.
3. Crypto App revenue: 100% of revenue is used for buybacks, 80% is used for business development & 20% towards the long-term staking pool.
Additional roadmap for 2022:
The TrustSwap Dashboard will be fully redone and modernized.
The Long-Term Staking Pool will go live. Details here. This will allow participants to stake their $SWAP for up to 5 years, reducing the circulating supply, while increasing stakers Launchpad allocations and staking rewards. The Barter Contracts will also go live in Q1 2022. Details here.
