From June 8th, we officially list TrustSwap Token (SWAP) on the ONUS application. Soon after SWAP is added, users can perform the following features:
- Off-chain transactions: Send and receive SWAP with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to SWAP and vice versa.
TrustSwap is a Decentralized Finance DeFi ecosystem, allowing individual and corporate customers to buy/sell and trade digital assets securely at low cost. TrustSwap can solve the big problems of cross-chain token swaps thanks to the “Smart Swap” system used to bundle any tokens (BTC, LTC, XRP, . ..) into an ERC20 token.
TrustSwap delivers multiple benefits to SWAP users and holders through a diverse and carefully selected set of Decentralized financial applications (dApps).
- Swappable: Create, buy, and trade top-rated NFTs with exclusive drops from world-renowned artists and celebrities.
- Staking: Stake SWAP to earn rewards, and transact with confidence using our Escrow services.
- SmartMint: Create pre-audited tokens for free.
- SmartLocks: Lock liquidity and vest tokens to boost your credibility with investors.
- The Crypto App: Buy, trade, and track your favorite crypto on any mobile device with The Crypto App powered by TrustSwap.
- Launchpad: Early access to DeFi startups.
What is SWAP Token?
SWAP is a native token of the TrustSwap ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
- Governance: Stakers of the SWAP tokens are provided with enhanced voting rights to govern platform decisions.
- Staking Rewards: Every transaction paid in SWAP will reward the stakers with 80% of the transaction fee.
- Deflationary: 10% of every transaction fee paid in SWAP will be permanently burned. This will for the SWAP supply to continually decrease and further increase scarcity.
- Utility: TrustSwap fees are reduced by 50% when paying with SWAP tokens for services rendered.
- Name: TrustSwap Token
- Symbol: SWAP
- Platform: Ethereum
- Standard: ERC20
- Type: Utility, Governance
- Smart Contract Address: 0xcc4304a31d09258b0029ea7fe63d032f52e44efe