SYNC is proud to announce partnership with TrustSwap
SYNC is proud to announce an integration with TrustSwap’s upcoming Swappable — a new NFT and ERC-20 Marketplace. TrustSwap has been improving the decentralized finance level of functionality with development of their software services and Tokensale Launchpad. Now, they are evolving their scope to the next level by releasing an NFT and ERC20 market-place that solves a lot of the problems that go unaddressed by competitors in the space such as OpenSea and Rarible. SYNC Network is bringing forward the next evolution in decentralized liquidity management, by issuing NFT bonds that store locked liquidity, tradeable on any NFT marketplace. This means, for the first time ever, you can both trade and earn interest on your Liquidity Provider tokens, through the combination of Sync CryptoBonds and open NFT marketplaces.
OpenSea and Rarible were designed for the antiquated idea that NFTs are just artwork and things of the like, and CryptoBonds are currently available on OpenSea, but the paradigm doesn’t seem to fit well. The vision SYNC has for selling CryptoBonds is much more that of a financial one, with an order book, analytics, and the decentralized prowess that TrustSwap’s reward token SWAP provides. Take this situation into consideration: After creating a valuable CryptoBond, people may enter a position where they want to exit at some point. Based on a variety of market factors, the market value of these CryptoBonds may vary, and include discounts like time risk, or surpluses based on how rare the CryptoBond is. For example, what would you be willing to pay to receive an NFT that returns you $1,000 in Uniswap USD/ETH liquidity pairs in 90 days? Swappable charges much less than that of their competitors, and 80% of the fees taken in from the Swappable marketplace services are returned to stakers of the SWAP token. Another reason to ensure you’re actively staking your SWAP while you are trading CryptoBonds. SYNC Network will be whitelisting the TrustSwap SWAP token for CryptoBond creation, to grow the TrustSwap liquidity pool, while providing LP holders with substantial rewards. Join in on the live AMA with Scott and Jason from SYNC Network on December 23rd on the TrustSwap Telegram group to find out more about SYNC