TrustSwap is excited to announce our newest strategic partnership with one of the fastest-growing EVM compatible blockchains, Velas!
Velas will be a great addition to the TrustSwap ecosystem and Team Finance. Here’s more information about our strategic decision to partner with Velas.
What Is Velas?
Velas is a blockchain ecosystem of decentralized products. The Velas blockchain is the fastest EVM chain, designed to be able to compete with Ethereum 2.0.
Velas is a Solana fork that includes embedded EVM integration, and its mainnet launched in 2019. The chain supports all smart contracts built on the Ethereum blockchain and provides a scalable solution for dApps with up to 50k transactions per second (TPS).
The Velas blockchain features instant, low-cost transactions that are just a fraction of the cost of other blockchains and also allows users to earn staking rewards.
Why Did Team Finance Add Support For The Velas Blockchain?
Adding support for the Velas Blockchain to our industry-leading Team Finance platform extends our reach to more customers.
Our goal with Team Finance is to grow the platform. By expanding to include another chain, we add yet more value to Team.Finance and make it a no-brainer for more projects to lock tokens with our platform, growing the total value locked.
It’s also consistent with our mission of bringing crypto to the world and strengthening the wider crypto ecosystem. By partnering with more blockchains, we can strengthen our connection to the broader crypto community and help increase crypto adoption.
More About Velas
Velas is building an open-source blockchain ecosystem of services and products, aiming to combine the best qualities of both centralized and decentralized solutions.
It involves researching state-of-the-art cryptography, developing consensus protocols, and designing intuitive user interfaces providing developers, enterprises, and people worldwide to create and join an easily accessible, transparent, and community-governed ecosystem for web 3.
Velas is in the process of developing a number of products.
Velas Account provides a user-friendly entry point to the Velas Ecosystem, with seamless login, one-click crypto payment infrastructure, and support of many currencies.
Velas Vault allows users to gain access to decentralized services and delegate password security to segmentation algorithms, distributing the information over the network without making it available to other network participants. Velas Wallet is a multi-currency wallet that enables staking.
It’s cross-platform, with capability on Web, Mobile iOS, Mobile Android, Desktop Windows, Desktop Mac, and Desktop Linux. It also enables users to manage all of their coins with one seed phrase. Users of the wallet can also defend themselves against tracking and surveillance.
These products provide users with a seamless experience in the crypto space.
About Team Finance
Team.Finance is a DeFi tool that provides liquidity locking and team vesting services for token founders and the crypto community. The product was launched by TrustSwap a year ago and the dollar value locked has grown significantly (Billions of US Dollars) since the launch.
Team.Finance provides investors with assurance that DeFi project teams will not dump their tokens on the market. It also prevents rug pulls by keeping team tokens locked for a set period of time.
The Velas integration is complete and ready on Team.Finance. You can get to it here.
