We propose to list SWAP for lending and borrowing.
Token address: 0xcc4304a31d09258b0029ea7fe63d032f52e44efe
For: Add SWAP to Cream listing/borroring
Against: Do nothing
TrustSwap is a full-service digital asset ecosystem focused on smart contract applications. The company’s flagship products are LaunchPads and Tokenlocks. The average performance of projects launching on TrustSwap is 1000% ROI making the token economics run very well. The main difference which TrustSwap has in comparison to other Launchpads is that its users have guaranteed allocations. The more tokens its user hold the bigger the allocation per user is. This gives users the incentive to take profits from their investments and buy more Swap.
There is a community push from TrustSwap users to be able to borrow more tokens to increase their Swapscore.
TrustSwap Key Facts
- Top 50 DeFi project according to CoinGecko with $250M+ market cap
- SWAP Token has $8M+ in trading volume
- $175M+ worth of SWAP Tokens are staked from 10,000+ unique addresses
- $800M+ is locked on the SmartLocks platform by 430 unique projects
- 30k+ followers on Twitter & 10k+ on Telegram
Benefits to CREAM
TrustSwap community has a big need to borrow and lend tokens. This almost guarantees a big trading volume. TrustSwap also agreed to make a marketing campaign around that which TrustSwap will take on with the Cream marketing team directly. There is an incentive program planned for people depositing or lending SWAP tokens on Cream which will be directly coordinated with the Cream team after listing. The founder of TrustSwap Jeff has the biggest active Crypto trading community on Facebook Cryptocurrency Investing ((Cryptocurrency Investing | Facebook) and TrustSwap is constantly mentioned by some of the top influencers in the space like Ivan on Tech, Boxmining and Sheldon Evans: 10X Altcoins Are Everywhere in Crypto - Here’s how to find them! | Get Rich With Crypto - YouTube
TrustSwap will get at least one of the 3 influencers talk (or write) about how TrustSwap users can increase their Swapscore without investing more money in Swap tokens. This will be a great marketing for the Cream ecosystem as well.
List SWAP at a Collateral Factor of 0% (according to Cream rules. Increase will go through a second proposal.)
The smart contracts have been audited by Haken and Chainsulting.