TrustSwap Community July Updates

Greetings TrustSwap Community!

We are happy to share this update and bring you up to speed on the recent progress we've made and some challenges we faced over the last month.

Team Finance

We've added support for new chains and wallets, made some UIX improvements, and squashed several bugs:

• New Chains: New integrations are now complete adding X Layer and Etherlink to the list of supported blockchains.
• New Features: Work continued on the Staking Admin Dashboard and New Token Listing directory
• Performance Improvements: Updates will enhance overall stability and performance including restoring the ‘Renounce Contract’ feature on Solana.
• New Wallets: We have added support for two new wallets, OKX and Rabby.
• Price Updates: Pricing for Mantle services has been updated.
• Improved Support: The Contact Us page was revised to better triage inquiries and provide direct support.
• Improved UIX: The Token page design was updated to make staking pools easier to use.
• On The Roadmap:
  • V1 Staking Admin Dashboard
  • White Lable Solutions Page
  • TeamSwap Integration into Dashboard
  • Expand Services on Solana
  • Exploring Gnosis Integration
  • Staking Widget Dashboard Integration
  • Pricing Optimization

The Crypto App

The Crypto App is updating the Ad networks while exploring ways to improve user experience:

• Updated Ad Networks: New ad networks have been successfully integrated into the Android version to enhance revenue strategies. The iOS version will be updated next.
• Automatic Wallet Connect: Now you can track your wallet activity in real time with The Crypto App
• On The Roadmap:
  • Finalization of Spindl integration
  • Addition of Internet Computer (ICP) chain
  • Expansion of new ad networks to iOS
  • Integration of a Launchpad Calander
  • Assessment of product and marketing strategies to improve user experience and retention

TrustSwap Launchpad

The Launchpad had a slow month but this is fairly normal when market conditions are unfavorable. Many projects are waiting until the market turns around to launch their tokens.

• No Launches in July: We are currently experiencing the worst market conditions so far in this market cycle, with a Fear and Greed Index even lower than during the FTX crash. As the markets recover, we expect to see more Launchpad activity.
• Refund Policy: The TrustSwap Launchpad now includes an optional refund policy which may be applied to launches on a case by case basis. More details will be announced soon.
• Bull Run Bets Launchpad Delayed: The next Launchpad event for Bull Run Bets was delayed due to poor market conditions. They are ready to launch as soon as the markets recover.
• Upcoming Launches: We continue to scout and vet new projects for the launchpad and have identified several projects with significant potential.
  • We are continuing to focus on Layer-1 & 2 chains, Infrastructure, DeFi, and AI projects.
  • Gaming projects seem to have lost the steam they had in Q1 2024, although we are open to gaming projects if their tokenomics and gameplay economics are attractive.
• On The Roadmap
  • Launchpad Dashboard: Work on these updates was delayed to focus developer resources on important improvements to Team Finance.

SWAP Token

The vision of SWAP token has always been to have one token with many utilities that can grow with the business and align incentives between our company, community, and customers to create a cohesive web3 ecosystem. With all the challenges of running a crypto company (and surviving the longest bear market in history), the technical integration of SWAP token has faced extensive delays while the team focused on other critical developments.

Now, it's time to close the gaps in our token economy and bring the SWAP token home to the center of the TrustSwap Universe.

We are developing a comprehensive plan to revitalize the SWAP token with an updated economic model, new utilities, improved liquidity, and more features that will connect all our products into one unified platform powered by SWAP.

As early adopters of the tokenized business model, TrustSwap is committed to making our ecosystem a shining example of what a community-focused web3 company can be. SWAP token is ready to become the keystone that ties together all of our existing services and we are committed to continually improving its core utilities over time as TrustSwap continues to grow and add new features and products.

Some of the current plans and utilities under consideration include:

• Pay with SWAP for discounts on Team Finance
• Stake SWAP for discounts on Team Finance and The Crypto App
• New Launchpad Utilities
• Deflationary Token Mechanics
• Dedicated Staking Rewards
• Liquidity Improvements

The details are still being discussed internally and we are very open to suggestions from the community. If you have any ideas for ways we can add more utility to SWAP, feel free to email them to info@trustswap.org and we will be happy to consider them. All ideas are welcome and we would love to hear from you!

Stay tuned for updates including a new Roadmap for the SWAP token integration and a detailed breakdown of the new token economics.