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.
As many people know, being a launchpad was never the initial goal of TrustSwap. We started as a smart contract software provider and have evolved dramatically since then. The design was to become the go-to provider for team token locks, investor token locks, liquidity locks, escrow services, and flexible payments. It’s time to double down on the initial value proposition in a big way.
TrustSwap is purchasing Team.Finance to help supercharge the growth of the TrustSwap ecosystem.
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 Team.Finance website and applications are very well developed with a clean UI and already include many of the features and tools that TrustSwap has been planning to develop. It’s obvious that they know how to quickly build and code exactly the kinds of products that TrustSwap wants to deliver.
Competition is part of any healthy industry. But part of being the best in the business is knowing when your competition has improved on your design.
When that happens, you can either redouble efforts to compete even harder or, absorb them like an amoeba and integrate into a single all-powerful entity. TrustSwap is all about synergies and integrations to help grow the global adoption of cryptocurrency and make it easy and convenient for everyone.
TrustSwap needs to expand their developer team in order to continue growing the TrustSwap ecosystem and providing high-quality smart contract services. The Team.Finance developers really like building things and want to put their talents to work for TrustSwap. They have proven that they have the skills and leadership to accomplish great things quickly with the kind of passion and energy that fits right in with the TrustSwap ethos and business model.
So, after multiple calls between projects, it was concluded that working together would be much more mutually beneficial than being in competition.
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.
Team.Finance has a crew of over ten passionate developers specializing in front-end UI/UX, back-end coding, smart contracts, solidity, and more. They will soon be putting their energy into building out the TrustSwap ecosystem including updates to the existing platform and the addition of several new portals and pages over the coming months. After the acquisition, all of Team.Finance’s existing token locks, software, and resources will also be directly managed under the TrustSwap brand.
In exchange, TrustSwap will be airdropping all TEAM token holders an allotment of $SWAP equal to their holdings in $TEAM
SWAP-to-TEAM Airdrop Details
- The dollar value of SWAP used to calculate the airdrop is $0.536 per SWAP. If you hold 1 TEAM, you will get 1.865 SWAP. If you hold 1,000 TEAM, you will get 1,865 SWAP.
- 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.
After the second drop, all Team.Finance assets will belong to TrustSwap and will be integrated into the TrustSwap ecosystem. The TEAM token will no longer have any utility at this point and the price of TEAM is likely to quickly trend towards $0. This airdrop of SWAP tokens for TEAM holders was determined to be the best way to ensure that TEAM holders can continue on as part of the new and improved TrustSwap community.
Both parties are very happy and excited about this acquisition and look forward to working together to continue building and developing useful and valuable smart contract tools and services. With this, TrustSwap will begin a new chapter and take significant leaps forward in the speed and quality of development.
TrustSwap has come a long way in six months but we still have a long way to go and many ideas and plans that are still in discussion. With the acquisition of Team.Finance we will have the resources needed to quickly take TrustSwap to the next level and beyond.
To the Team.Finance community: TrustSwap welcomes you with open arms into our family and we hope you will take the time to learn about TrustSwap and join our community on Telegram and Discord. TrustSwap has always been a community-oriented project and the quality of people and conversations in the TrustSwap chat rooms is unparalleled. With similar goals and values centered around making crypto safer and providing transparent tools for trustless transactions, TrustSwap + TEAM = an unstoppable powerhouse of innovation with the marketing and connections to get serious exposure and make a big difference in the crypto space.
To the TrustSwap community: We know you will be happy to see the quality of work that the TEAM devs have done and will continue to do in service to TrustSwap. This acquisition will be the jet fuel needed to propel TrustSwap into 2021 with a solid team of talented professionals ready to continue bringing the TrustSwap dream to life. Please welcome our new friends from the TEAM community and help them learn about all the great reasons to hold SWAP.
This acquisition is designed to be a win-win-win-win for everyone involved. Things are great at TrustSwap and they are about to get a whole lot better.