SWAP Barter Contracts
As TrustSwap has grown into an immensely profitable company in its first year and a half, we have bought back a significant amount of $SWAP tokens in the process. Now, we want to decentralize the ownership of the $SWAP token while simultaneously helping the token economy in a positive direction.
We will be issuing Barter Contracts where KYC’d participants from approved jurisdictions can purchase tokens at a discount in exchange for a brief holding period.
For Example:
4% discount: 14 day hold
6% discount: 30 day hold
8% discount: 60 day hold
10% discount: 120 day hold
Barter Contracts are purchased in USDT.
33% of the barter contract payment is kept in $SWAP treasury.
66% of the barter contract payment is used for $SWAP token buybacks.
Of the 66% of $SWAP bought back:
– Half is distributed to SWAP stakers on the blockchain where the bond was purchased
– Half is sent back to the purchasable bond pool on that same chain
For other projects, they sell their company tokens, putting selling pressure on the market, and lowering their token price. Through these barter contracts, the SWAP that is distributed to the community through purchases in USDT places buying pressure on the SWAP token and also increases staking rewards dramatically.
Due to higher staking rewards, once the purchasers of a barter contract have their tokens unlock complete, we anticipate to see these tokens get staked to earn the rewards.
The barter contracts are set to continue indefinitely, as a percentage of $SWAP buybacks from Team Finance, The Crypto App, Swappable + more continue to roll in, they will be added into the barter pool.
For a quick refresher on tokenomics, see below:
– Swappable: 20% of all trading fees go towards $SWAP token burns, 80% staking rewards
– Team Finance: 100% of revenue is used for buybacks, 80% for TS, 20% staking rewards
– The Crypto App: 100% of revenue is used for buybacks, 80% for TS, 20% staking rewards
With 80% available from both Team Finance and The Crypto App revenue, these barter contracts will be able to continue indefinitely with compounding positive momentum.
Step by step walkthrough of the process from a users standpoint:
1) User selects one of the various bond options.
2) User sends desired amount of USDT into that particular bond contract
3) A countdown timer begins on the users UI based on the time of the bond
4) At the end of the timer, the user can claim his $SWAP
