TrustSwap Acquires Team Finance

The TrustSwap ecosystem is growing, fast.

Within six months of inception, TrustSwap has established itself as a global industry leader and premier provider of Launchpad services. We’ve helped launch nearly half a dozen new tokens and all of them have been performing incredibly well. SWAP token holders have gained early access to each project as well as free airdrops of the new tokens. The ecosystem has been incredibly healthy and the quality of each consecutive launch has been getting better and better. We are going to keep that momentum going.

Team.Finance

Before this purchase, Team.Finance was a direct competitor to TrustSwap that offered both token locks and liquidity locks. With over $15,500,000 USD locked across 45 projects, Team have evidently done an incredible job establishing themselves in the space.

The Acquisition

When there is an acquisition of a tokenized businesses, great care must be taken to see that the existing token holders of both projects get fair treatment. The Team.Finance founders obviously understand and care deeply about the needs of their community and have worked with TrustSwap to carefully strategize the acquisition to ensure that no one will be left behind.

  • The snapshot of TEAM token holders to determine airdrop eligibility will be taken on December 3rd, 2020 at 5PM PST to give liquidity providers time to remove their token liquidity from Uniswap.
  • The airdrop will be distributed to eligible TEAM token holders in two equal parts. The first will occur on December 5th, 2020 and the second will be 2 weeks later on December 19th, 2020. SWAP tokens will be delivered directly to all eligible wallets at a ratio of 1TEAM : 1.865 SWAP
  • Approximately 535,000 TEAM tokens will be compensated, meaning the airdrop will be approximately 950,266 SWAP
  • TEAM tokens in the UniSwap pool and the TEAM marketing wallet will be excluded from the drop. Anyone holding TEAM on a centralized exchange may not receive the drop so they should remove them from the exchanges and liquidity pool by 5pm PST Dec. 3rd.

TrustSwap is a full service digital asset ecosystem focused on smart contract applications. Learn more at https://trustswap.org