TimechainSwap is a decentralized exchange (DEX) aggregator currently active on the Fantom ecosystem with the aim of expanding to the Binance Smart Chain and the Ethereum ecosystem. It connects a variety of DEXs into one platform and allows its users to find the most efficient swapping routes across all integrated platforms. DEX aggregators eliminate the need for manually checking prices and liquidity, ultimately bringing efficiency to swapping tokens. DEX aggregators work by sourcing liquidity from different DEXs, meaning that they are able to offer users better token swap rates than they could find on any single DEX, in the shortest time possible.
TimechainSwap Token launched on September 28th, 2021 after a $1.5 million funding raise from Ledgerlink Labs, AlphaBit, Launchpool and angel investors.
Who Are the Founders of Timechain(Swap)?
Timechain(Swap) is a regulated Canadian-based fintech company founded by Louis Cleroux. He has helped more than a dozen public companies with innovation and regulation around new products in the fintech space. He graduated from John Molson School of Business in Finance and is currently pursuing a Master degree in Engineering at ETS Montreal.
What Makes Timechain(Swap) Unique?
TimechainSwap offers significant reductions on transaction fees, better swap rates and faster transaction approval time. In the future, it will offer a wide range of well-known DeFi services. In addition, a Canadian FIAT-on-ramp CEX mobile application is currently being developed.
How Many TimechainSwap Token (TCS) Coins Are There in Circulation?
The TimechainSwap token launched on September 28th, 2021. The TCS tokens are intended to be used for consumptive purposes in the complete Timechain ecosystem, the TimechainSwap token protocols, and other applications that third parties may develop utilizing the TCS tokens and/or the permissionless blockchain-based decentralized Timechain network”.
The circulating supply on TCS as of its release day on Sep. 28, 2021 is 3.27 percent of the total issuance, the first month of the liquidity mining program included. The current total supply of TCS is 20 million tokens.
Of the total token supply, 20 percent was allocated to community incentives, and they will be passed out over the next four years in order to create an incentive for community members to be involved in the ecosystem.
Over a two-year period, 14 percent of the total supply will make up the protocol growth and development fund, used to issue grants, bring on developers and repay users who encountered unforeseen circumstances.
How Is the Timechain Ecosystem Secured?
TimechainSwap is non-custodial, and all trades take place within one transaction from a user’s wallet. As of September 2021, SpookySwap, SpiritSwap, SushiSwap, Curve, PaintSwap, Hyperjump and others are integrated into the TimechainSwap DEX Aggregator.
Where Can You Buy Timechain Swap Token (TCS)?
TCS is available on several Decentralized Exchanges, including SpookySwap, SpiritSwap and TimechainSwap.
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