TrustBar STO (TSB)

Decentralized cryptocurrency exchange

TrustBar is a decentralized cryptocurrency exchange created on NEO's platform. TrustBar enables users to make cross-chain trades, i.e. swap tokens and coins from one blockchain to the other, using a smart contract engine that relies on NEO's blockchain.

Start Date

31 Aug, 2018

End Date

31 Oct, 2018

TrustBar Score Analysis

TrustBar is developing the first cryptocurrency exchange capable of cross-chain trading via only one transaction. Despite the originality of the single transaction idea, exchanges are still a very saturated market full of competition and TrustBar has neglected to write an analysis of its competitors. The team is excellent with experienced management, developers and marketers though most of the members do not have the project on their Linkedin profiles. The product, however, is still being developed and will likely only be released near the end of the year according to the roadmap. And despite experienced marketers, TrustBar's marketing is only barely satisfactory and it has received little attention from the crypto community. Aside from the aforementioned issues, TrustBar doesn't seem to have any plan to endure changes in regulation.

TrustBar Use of Token

TSB is TrustBar's native token. TSB is issued on NEO's blockchain. 64.8 million TSB tokens will be offered for sale via the ICO, which correspond to 60% of the total token supply. TSB token holders will receive discounts on trading fees, and any user holding more than 3000 TSB tokens will pay zero trading fees. Also, TSB token holders will receive monthly dividends from the exchange's generated profits.