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Summary of Timechain Swap Token
Key Points
- TimechainSwap is a decentralized exchange (DEX) aggregator on the Fantom ecosystem, aiming to expand to Binance Smart Chain and Ethereum.
- It connects various DEXs, allowing users to find the most efficient swapping routes.
- TimechainSwap Token (TCS) launched on September 28th, 2021, after a $1.5 million funding raise.
- Founder Louis Cleroux is a Canadian-based fintech company founder with experience in innovation and regulation.
- TimechainSwap offers reduced transaction fees, better swap rates, and faster transaction approval times.
- A Canadian FIAT-on-ramp CEX mobile application is
Introducing Timechain Swap Token: Revolutionizing Decentralized Exchanges
What Is TimechainSwap (TCS)? TimechainSwap is a decentralized exchange (DEX) aggregator, presently operational within the Fantom ecosystem, with plans to expand its reach to the Binance Smart Chain and Ethereum ecosystem. By consolidating a multitude of DEXs into a single platform, it enables users to discover the most optimal swapping routes across all integrated platforms. DEX aggregators eliminate the necessity of manual price and liquidity checks, thereby streamlining the token-swapping process. By sourcing liquidity from diverse DEXs, these aggregators can offer users superior token swap rates compared to those available on any individual DEX, all within the shortest timeframe possible.
On September 28th, 2021, the TimechainSwap Token was successfully launched, buoyed by a substantial $1.5 million funding injection from esteemed investors, including Ledgerlink Labs, AlphaBit, Launchpool, and a coterie of angel investors.
Meet the Founder of Timechain (Swap): Louis Cleroux, a Visionary in Fintech Innovation
Timechain (Swap) is a pioneering, regulated Canadian fintech company founded by Louis Cleroux, a seasoned expert with a proven track record of guiding over a dozen public companies in navigating innovation and regulatory hurdles in the fintech arena. A graduate of the esteemed John Molson School of Business with a degree in Finance, Cleroux is currently pursuing a Master’s degree in Engineering at ETS Montreal, further solidifying his expertise in the field.
What Sets Timechain (Swap) Apart? TimechainSwap distinguishes itself through substantial reductions in transaction fees, more competitive swap rates, and expedited transaction approval times. Looking ahead, it is poised to offer a diverse array of prominent DeFi services. Furthermore, a Canadian FIAT-on-ramp CEX mobile application is currently under development.
What is the Circulating Supply of TimechainSwap Tokens (TCS)? Launched on September 28th, 2021, the TimechainSwap token is designed to facilitate consumptive purposes within the comprehensive Timechain ecosystem, the TimechainSwap token protocols, and various applications developed by third parties leveraging the TCS tokens and/or the permissionless, blockchain-based decentralized Timechain network.
As of its inaugural launch on September 28, 2021, the circulating supply of TCS accounted for 3.27% of the total issuance, inclusive of the initial month of the liquidity mining program. The current total supply of TCS stands at 20 million tokens.
Of the total token supply, 20 percent has been earmarked for community incentives, to be disbursed over the next four years, thereby fostering a sense of community engagement and encouraging ecosystem participation.
Across a two-year span, a substantial 14 percent of the total supply will be allocated to the protocol growth and development fund, which will be utilized to disburse grants, onboard talented developers, and provide compensation to users who have faced unforeseen circumstances.
The Timechain Ecosystem’s Security Framework: Leveraging Non-Custodial Architecture. All trades are facilitated within a single transaction, originating directly from a user’s wallet. As of September 2021, the TimechainSwap DEX Aggregator has successfully integrated prominent platforms, including SpookySwap, SpiritSwap, SushiSwap, Curve, PaintSwap, and Hyperjump, among others.
Where Can You Acquire Timechain Swap Token (TCS)? The TCS token is listed on multiple decentralized exchanges, notably SpookySwap, SpiritSwap, and TimechainSwap, providing users with diverse trading options.
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