SWAP is the governance token in the DeFi ecosystem of TrustSwap on Ethereum, which will start out as a simple P2P trustless escrow and payment platform and evolve into a fully decentralized exchange (DEX) with leverage and futures options all offered via non-custodial smart contracts, according to the development team.
Among TrustSwap’s primary products are staking, smart locks and smart swaps, which can wrap any coin or token into an ERC20 token. For example, the protocol offers cryptocurrency wrapping services which enables anyone to wrap and use any cryptocurrency on the Ethereum blockchain. Also, it features escrow services enabling it to become a trusted middleman in crypto-based financial transactions.