Initial Liquidity Offering
How we started.
Last updated
How we started.
Last updated
The SWAP token is a deflationary utility token that grants access and discounts to TrustSwap services. 100,000,000 SWAP tokens were initially minted (ERC-20) and no more will ever be created.
TrustSwap had an initial private sale without vesting in July 2020. 49 individuals participated in order to receive the $SWAP utility token and receive discounts on our flagship product, SmartSwap - a decentralized OTC/Escrow-as-a-Service smart contract.
No other investment has been received and no equity has been given out besides to 4 members of the C-suite team.
The full 100% of the raised amount during the Initial Liquidity Offering (ILO) was used as liquidity provision on the UniSwap DEX.
60 million (60%) was sold in the ILO (initial liquidity offering) on July 9th, 2020 for $0.005 each, raising $228,845.18.
20 million (20%) was allocated for marketing, development, legal, bounties, and airdrop campaigns.
20 million (20%) was allotted to the team and vested at 4% per month over 25 months.
