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The team at TrustSwap recently released a detailed comparison of its Team.Finance tool and that of Unicrypt, which offers similar services.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220429005583/en/
(Graphic: Business Wire)
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 substantially since then.
Team.Finance provides investors with assurance that DeFi project teams will not dump their tokens on the market, causing their new cryptocurrency to crash. With Team.Finance, DeFi project founders, and teams can reassure investors that their project is legitimate and not a scam, helping them to build trust with their new community.
Projects that choose not to use a token locking system risk losing out on investors who may be wary of rug pulls and other common scams in the crypto space.
Team.Finance will soon provide DeFi projects with a security score, providing them with a quantifiable way to advertise their level of security to potential investors.
More than 21,000 DeFi projects have locked a staggering total value of $6.5 billion+ in crypto with Team.Finance’s services.
TrustSwap’s overall goal is to create a secure DeFi ecosystem for all stakeholders with minimal risk of hacks and network attacks. Team.Finance is a security-focused ecosystem that includes liquidity locking, token locking, and token generation services.
The comparison between Team.Finance and Unicrypt uses the following criteria: volume of locked value, service fees, and the number of blockchains supported.
Total Value Locked
As was mentioned above, total value locked for Team.Finance is $6.5 billion+ from 21,000+ DeFi projects. In comparison, Unicrypt has a total value locked of $500 million+ from 14,000+ DeFi projects.
Service Fees
For Token Locks and…
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