TrustSwap, a Canada-based full-service digital asset platform, announced on Thursday more than $1 billion in cryptocurrencies have been locked and vested by TrustSwap clients through their SmartLock service.
Launched in the summer of 2020, TrustSwap describes itself as a distributed platform, cryptocurrency and protocol that delivers new solutions to decentralized finance (DeFi).
“By integrating smart contract services into easily accessible applications, TrustSwap is building a foundational layer in the rapidly-emerging decentralized finance landscape.”
TrustSwap also reported that results throughout 2020 included the following:
- Over 47 million of TrustSwap’s native SWAP tokens – worth more than $214 million – have been staked through the Staking platform to-date across 12,000+ unique addresses.
- More than 800 unique companies have securely locked their tokens through SmartLocks to ensure confidence and peace of mind for investors.
- Launchpad has raised more than $15 million in startup funding, successfully completing 18 campaigns with an average return on investment of 1,000%.
Speaking about the milestone, Jeff Kirdeikis, CEO of TrustSwap, stated;
“This past year has been incredible for the TrustSwap team and community, and reaching this milestone only validates that. Starting with the idea for SmartSwap and watching that develop into the digital asset platform we have become today is truly amazing. We’re only just scratching the surface of what the full-service TrustSwap ecosystem is capable of, and looking forward to unveiling that shortly.”
.TrustSwap then added that it is also set to launch Swappable, an NFT and ERC20 marketplace designed to not only charge lower fees, but return those fees back to the community it serves.