In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream finance. TrustSwap accomplishes this by providing a service platform that can handle a variety of useful crypto transaction types in a low-cost, user-friendly way.
TrustSwap Escrow and Time-lock Services
The platform is the brainchild of its CEO Jeff Kirdeikis, a crypto veteran that has run headlong into the issues that crypto-startups often face. The idea came when Kirdeikis, then working with another crypto startup, went looking for a way to facilitate a $50,000 investment by a venture capital firm into the startup project. The firm wished to structure the investment as a discounted purchase of the project’s tokens, but that came with a major risk.
If the investor gained control of such a large number of tokens at once,…