The First NFT and ERC20 Marketplace that Returns Fees to the Community!
TrustSwap is proud to announce the new NFT and ERC20 marketplace, Swappable!
Swappable is the “secret project” we have been working on for the last month and it will be ready to launch at the end of December! With almost $2M USD in weekly volume and growing monthly, the NFT market is HEATING up in a MASSIVE way and TrustSwap is jumping in with both feet.
The problem with current NFT marketplaces such as OpenSea and Rarible is that, while providing a great service, they return nothing back to the community. With a 5% “commission” fee of the sale price taken from both the buyer and seller side (2.5% from each), it’s clear that there is room in the industry for another player that not only charges lower fees but returns those fees back to the community it serves!
Swappable will allow for any Web3 wallet user to create, buy, sell, or trade any ERC721 or ERC1155 NFT (non-fungible token) as well as make trustless Peer-To-Peer (P2P) swaps of ANY ERC20 token in an easy-to-use and open marketplace forum.
Create and distribute unique NFTs from our simple web interface with the click of a few buttons. The process makes it amazingly straightforward to upload, price, and distribute your unique NFTs to the community with no prior knowledge or complicated coding required.
Our ERC20 marketplace will incorporate TrustSwap’s existing P2P SmartSwap Smart Contract technology allowing anonymous parties to buy, sell, or trade any ERC20 tokens with anyone for any price.
Curious to see if someone is interested in trading SWAP tokens for LINK or ETH at a specific price? Swappable allows you to do just that by posting an open order in its order book!
Do you want to swap NFTs or ERC20s directly with your friends or even complete strangers? Maybe you are looking for bulk discounts or Over-The-Counter (OTC) deals on altcoins? You can do it all at Swappable!
The amount of volume that flows through OTC desks on a daily basis is absolutely staggering. Tens of millions of dollars trade hands daily, usually with 2% middleman fees attached. TrustSwap is creating a clean, sleek, trustless OTC marketplace to cater to these mega-volume ERC20 trades, while charging a fraction of a percent fee.
Fees on Swappable can be paid in either ETH or SWAP with the latter resulting in a 50% discount. And trading or selling SWAP tokens is always free on Swappable as the fees are waived for the SWAP community.
The best part is that, just like existing TrustSwap services and products, 80% of the fees taken in from these services are returned to stakers of the SWAP token. Another reason to ensure you’re actively staking your SWAP.
This new NFT and ERC20 marketplace implementation is designed to add flexibility and fun to the world of digital assets and makes trading NFTs with friends or strangers secure, fun, and easy! We look forward to sharing more sneak peaks and details in the coming weeks as we move toward releasing the final product.