Velas will be a great addition to the TrustSwap ecosystem and Team Finance. Here’s more information about our strategic decision to partner with Velas.

What Is Velas?

Velas is a blockchain ecosystem of decentralized products. The Velas blockchain is the fastest EVM chain, designed to be able to compete with Ethereum 2.0.

In addition, Velas is a Solana fork that includes embedded EVM integration, and its mainnet launched in 2019. The chain supports all smart contracts built on the Ethereum blockchain and provides a scalable solution for dApps with up to 50k transactions per second (TPS).

The Velas blockchain features instant, low-cost transactions that are just a fraction of the cost of other blockchains and also allows users to earn staking rewards.

Why Did Team Finance Add Support For The Velas Blockchain?

Firstly, Adding support for the Velas Blockchain to our industry-leading Team Finance platform extends their reach to more customers.

Furthermore, their goal with Team Finance is to grow the platform. By expanding to include another chain, they add yet more value to Team.Finance and make it a no-brainer for more projects to lock tokens with their platform, growing the total value locked.

It’s also consistent with their mission of bringing crypto to the world and strengthening the wider crypto ecosystem. By partnering with more blockchains, they can strengthen their connection to the broader crypto community and help increase crypto adoption.

About TrustSwap

TrustSwap provides DeFi tools for token holders & businesses to buy, trade, create, and secure crypto assets with confidence.

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About Team Finance

Team Finance is a DeFi tool that provides liquidity locking and team vesting services for token founders and the crypto community. The product was launched by TrustSwap a year ago and the dollar value locked has grown significantly (Billions of US Dollars) since the launch.

Team.Finance provides investors with assurance that DeFi project teams will not dump their tokens on the market. It also prevents rug pulls by keeping team tokens locked for a set period of time.

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About Velas

Velas is building an open-source blockchain ecosystem of services and products, aiming to combine the best qualities of both centralized and decentralized solutions.

It involves researching state-of-the-art cryptography, developing consensus protocols, and designing intuitive user interfaces providing developers, enterprises, and people worldwide to create and join an easily accessible, transparent, and also community-governed ecosystem for web 3.

Velas is in the process of developing a number of products.

Velas Account provides a user-friendly entry point to the Velas Ecosystem, with seamless login, one-click crypto payment infrastructure, and support of many currencies.

Velas Vault allows users to gain access to decentralized services and delegate password security to segmentation algorithms, distributing the information over the network without making it available to other network participants. Velas Wallet is a multi-currency wallet that enables staking.

It’s cross-platform, with capability on Web, Mobile iOS, Mobile Android, Desktop Windows, Desktop Mac, and Desktop Linux. It also enables users to manage all of their coins with one seed phrase. Users of the wallet can also defend themselves against tracking and surveillance. These products provide users with a seamless experience in the crypto space.

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SOURCE: TRUSTSWAP BLOG

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$SWAP is the exclusive token used in TrustSwap’s products and services. For example, SWAP holders can use SWAP in order to gain early access to new blockchain projects through TrustSwap’s Launchpad platform. SWAP is also the token that will power The Crypto App which crypto users can use to keep track of their portfolios and monitor over 6,000 coins across 100+ exchanges. In addition, the SWAP token can be used to receive discounts on TrustSwap-related service fees.

Bithumb is a global top 20 (Coinmarketcap) South Korean cryptocurrency exchange that is one of the most popular cryptocurrency trading platforms in South Korea. Many popular cryptocurrencies are available to buy, sell, and trade on the Bithumb Exchange. Although Bithumb is most often associated with the Asia market, Bithumb also operates a global exchange, BitGlobal, that is used around the world.

By listing the SWAP token on Bithumb, TrustSwap is strategically making SWAP more accessible to users, particularly in Asia. Bithumb’s status as one of the most widely used cryptocurrency exchanges in South Korea makes this a strategic move for TrustSwap as TrustSwap seeks to provide greater access to the SWAP token around the world.

South Korea is estimated to be the third biggest cryptocurrency market in the world. South Korean cryptocurrency exchanges accounted for more than 9% of global cryptocurrency trading volume in August 2021, and the Korean Won is one of the top 5 most traded fiat currencies for Bitcoin. About 10% of South Korea’s total population invested in cryptocurrencies when Bitcoin reached an all-time high in 2021.

By listing the SWAP token on one of the most prominent exchanges in Korea, TrustSwap has made the token available for wider use. By listing on Bithumb, visibility and demand for SWAP across Asia could be dramatically increased, potentially giving a boost to the TrustSwap ecosystem.

ABOUT TrustSwap
TrustSwap is a multi-chain DeFi-ecosystem providing services to both corporate and retail customers. With over 4.5 Billion dollars secured across 23,000 projects across nine blockchains, TrustSwap is a foundational pillar in crypto security. TrustSwap’s “The Crypto App” has over four million downloads, making it one of the most frequented crypto applications globally. The Launchpad offered by TrustSwap has securely launched over 40 projects.

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ABOUT Bithumb Exchange
The Bithumb Exchange was founded by BTC Korea.com LTD company and is headquartered in Seoul, South Korea. Since the launch of the service in 2014, Bithumb has become one of the top digital asset trading platforms in South Korea. Bithumb has the world’s best competitive advantages and expertise in establishing and operating virtual asset transactions and blockchain technology and plans to lead the future of digital financial platforms by fusing the world.

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RESOURCES
TrustSwap Blog

The post TrustSwap Landed On Bithumb appeared first on Smart Liquidity Research.