Hello and welcome to this blog post about TrustSwap SWAP White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the TrustSwap SWAP white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the TrustSwap (SWAP).
I can ensue you that, you will be able to understand every bits and pieces related to TrustSwap (SWAP) after going through the TrustSwap SWAP white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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TrustSwap SWAP White Paper
TrustSwap SWAP white paper will be going to provide you, all the information that is needed to get started with TrustSwap (SWAP), including the inspiration for creating, the problem it is trying to solve and the solution proposed by TrustSwap (SWAP).
TrustSwap is poised to become the go-to decentralized finance (DeFi) solution for auto -mated smart-escrows, smart-swaps, and smart-locks. Our unique technology will allow people and or organizations to easily execute smart contract-based agreements at a fraction of the cost of similar services provided by law firms and banks.
With a focus on building three primary functions as part of its phase one deployment, TrustSwap’s mission is to simplify the transaction process between people around the world by offering an alternative to the expensive middlemen generally required in these specific types of transactions.
TrustSwap is a foundational DeFi layer that will change the landscape of financial transactions. TrustSwap will offer an interactive dashboard allowing users to see existing smart contracts, recurring payments and subscriptions, past swaps and escrows, and payment scheduling options.
The TrustSwap platform is powered by its own native token, SWAP, an ERC-20 token built on the Ethereum Blockchain. The SWAP token will be used for discounts on services, dividends from staking, and as a governance token allowing the community to vote on how foundation funds are spent. Staking the tokens at TrustSwap.org will allow holders to receive a share of all said fees that are paid in SWAP. With a maximum total supply of 100M tokens minted and the implementation of staking and deflationary tokenomics, we expect this utility token to offer significant benefits when being used on the TrustSwap platform.
Why TrustSwap? Why now? Decentralized finance represents the future backbone of the global economy and the need for a trustless way to transact with each other is becoming ever more apparent.
After careful analysis, the TrustSwap founding team came to the realization that there was no ready-made solution for escrows, multi-party swaps, and time-based recurring payments in cryptocurrency. The size of the financial services industry is over $26 Trillion dollars and the transaction market that TrustSwap impacts eclipses $72 Billion; this translates to over $2.5 Billion in annual turnover if TrustSwap captures 1.5% of the total addressable market.
As the crypto world and traditional finance world continue to converge, we believe the stage is set for a global fintech and DeFi revolution and TrustSwap is positioned to lead the charge into 21st century finance.
White Paper Link: TrustSwap SWAP White Paper
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