Trustswap to Follow Its Successful Glitch Token Sale With Polkadot Integration

TrustSwap, for example, emerged with a fairly specific idea of what it wanted to be — a crypto-native service for executing timed token purchases. However, in the months following its initial release, the project has evolved into a platform with a wide range of services meant to facilitate different cryptocurrency transaction types.

Now, as the DeFi evolution continues to grow in 2021, TrustSwap is not only helping to expand the sector by assisting new projects to launch, but is actively continuing to build and grow its business.

TrustSwap in 2021: A Series of New Developments

On the last day of 2020, TrustSwap published a tweet in which it announced all the new developments it had planned for January 2021. Some of these moves include the launch of its new NFT and ERC-20 marketplace, Swappable, Unimex launch and staking rewards, GLITCH token sale, a new security platform, updated token/liquidity lock portal, and design of its website and staking portal.

So far, TrustSwap has made several moves to achieve this, with the GLITCH launch already having taken place. Not only that, but it was extremely successful and 3x oversubscribed.

Following the token sale, TrustSwap has teamed up with Shopping.io to help push crypto adoption in a joint effort. As a side effect, TrustSwap also hopes to help increase awareness of the Shopping.io platform, as well as providing additional rewards for stakers of its native SWAP token.

The company then announced that $100 million of value was locked in its Team.Finance smartlocks. As some may remember, Team.Finance was TrustSwap’s largest rival in the token lock and liquidity lock services, until TrustSwap acquired it in late 2020, alongside its developers and assets.

A few days later, TrustSwap also announced that its brand new Launchpad Portal was live, inviting the community to come and see the result of its work. The move was also followed by GLITCH being launched on Uniswap, the world’s largest decentralized exchange.

At the same time, the company started seeing results of its joint effort with Shopping.io, which allowed crypto users to purchase goods from Amazon, eBay, and even Walmart with cryptocurrencies. TrustSwap says that access to more major merchants will arrive in due time.

However, possibly the largest move that the project has made in January is its recent announcement of the pending integration into Polkadot. The announcement came on January 17th, where TrustSwap reached out to developers who might be interested in joining the TrustSwap team.

Those who wish to join will be asked to assist in the integration process which would bring TrustSwap’s software services to Polkadot. TrustSwap noted that they are still actively building on the Ethereum network and that this integration is extremely meaningful as it will allow cross-chain compatibility, scalability, and it will bring much lower fees.

So far, it would appear that TrustSwap’s plans of making January massive for the project and the DeFi sector alike are coming true. There are still nearly two weeks of January left, which gives the project plenty of time to work on making its other promises come true.

The last major announcement regarding TrustSwap actually came from its founder, Jeff Kirdeikis, who noted that UMEX fees will be distributed to SWAP stakers. He further explained that 6.25% of all fees on UniMex — a new Uniswap-based platform for decentralized margin trading — will be used for SWAP token buybacks, which will then be given to SWAP stakers.

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