【ANN】 Trustbar.io Decentralized Exchange 【ICO - page 2.

PRESS RELEASE - TRUSTBAR
11th June 2018

First global cryptocurrency exchange to allow cross-chain trading through one transaction to
be launched in 2018

• Founded in South Africa, TrustBar is the first global decentralised exchange that will allow
secure cross-chain and cross-token trading through a single transaction

• Details of the user funds are protected by individual private keys and are not stored on the
platform, unlike centralised exchanges

• Dynamic pairing allows each user to select the buy/sell pairs, speeding up token exchange and
reducing costs

• The Initial Coin Offering (ICO) will be conducted on the NEO blockchain platform on 31 August
2018, with the TrustBar exchange to be launched on NEO in December 2018

• Monthly dividends will be paid to qualifying token holders while early adopters will qualify for
a token airdrop

Johannesburg, South Africa - A new decentralised cryptocurrency exchange, due for launch in
December, is set to transform the crypto trading space by becoming the first global decentralised
exchange to enable the trading of different pairs of tokens or cryptocurrencies through
a single transaction.

The brainchild of a group of South African banking and blockchain specialists, TrustBar will
allow for the transfer of value not just intra-blockchain, but also cross-chain, allowing the user
to swop tokens from one blockchain to another in one click. No existing decentralised exchange
currently offers this kind of functionality.
Built on multiple blockchains and systems that support the use of a decentralised exchange,
the TrustBar protocol uses a smart matching engine to enable the seamless cross-chain
exchanges of different currencies and tokens.
trustbar.io
“The user will cross-link multiple wallet addresses on different blockchains, allowing users to
pay from one blockchain with a different token/currency to that which will be received on
another blockchain,” explains TrustBar CFO and co-founder Mark Smith.
TrustBar will first be created as a set of decentralised exchanges on each platform, initially
allowing the
trading of tokens only within their native blockchain. Once suciently established on each
blockchain, the integration process will begin with the aim of allowing cross-chain transactions.

Funds custodian
Importantly, the TrustBar user will also be the custodian of their funds, which is significant in
two ways. Firstly, TrustBar oers an additional layer of security, as the funds can never be
withdrawn or traded without the user’s signature. Secondly, even if the exchange is oine,
funds can be withdrawn directly from the blockchain.
“Unlike centralised exchanges, where user details are stored on the platform, all movement of
funds will require end-user cryptographic signatures, placing users in control of their wallets.
Each end user will always remain in control and have full custody of their tokens. We are also
exploring various user-friendly authentication solutions to further enhance end user security,”
says Smith.
Despite centralised exchanges remaining in common use, users of these exchanges are a prime
target for online security hacks, as their digital assets and online information are stored in
wallets hosted by the exchange. To date, over 980 000 Bitcoins have been stolen from exchanges,
which would be worth more than $15 billion at current exchange rates.
In contrast, decentralised exchanges, such as TrustBar, are not coordinated or managed by one
entity but are managed using a distributed ledger that does not hold a customer’s funds or
personal information.

Easing Trade
Centralised exchanges also restrict which tokens may be directly bought and sold, forcing the
user to place multiple orders. For example, it is currently not possible to directly exchange a Neo
Token, such as Red Pulse, for an Ethereum Token, such as Omise GO.
Add to this the fact that not all exchanges list both tokens and suddenly an exchange of this
type becomes a major exercise involving multiple transactions, deposits and withdrawals across
several centralised exchanges.
“TrustBar’s dynamic trading pairing system will solve this problem by allowing allows users the
flexibility to choose token pairs, enabling users to trade from any crypto token to another token
listed and available on the platform,” Smith notes.
TrustBar will also implement a liquidity lake to ensure that all trading combinations have a base
price, permanently allowing users to complete instant trades. A liquidity lake is an application
that aggregates prices from several exchanges to provide a price on the TrustBar exchange.

Token sale and Initial Coin Offering (ICO)
The TrustBar token pre-sale will take place on 31 August 2018 and the crowdsale on 1 October
2018. Only 180-million tokens will be issued, of which 108-million tokens will be offered via the
ICO. The TrustBar tokens will run on the Neo blockchain and the number of tokens will be
limited and will not increase. Early adopters of the Trustbar platform will also qualify for token
airdrop.
All parties interested in participating in the ICO need to be whitelisted prior to the offering.
All qualified TrustBar token holders will receive a monthly dividend from the profits that are
generated from the TrustBar exchange. All holders of the TrustBar token as at the last day of the
month will qualify for the dividend.
TrustBar has yet to set trade fees, but fees will be based on a tiering structure and discounts
will be given for TrustBar token holders and volume-based trades. TrustBar token holders with
over 3 000 tokens will pay no trading fees.
The cryptocurrency space continues to show tremendous growth, with the market capitalisation
of all cryptocurrencies expected to hit the $1 trillion mark later this year.

Ends
For more information about the TrustBar exchange or to sign up for updates on our ICO please
visit our website at http://trustbar.io/ or follow us on Twitter and LinkedIn for updates and
market news.

For more information on whitelisting for the ICO, the token airdrop or for additional comment
and interviews contact:
Natalie Greve
Communication Lead
[email protected]
+27 (0)72 239 0444

Mark Smith
TrustBar CFO and co-founder
[email protected]
+27 (0)84 690 6000
About TrustBar

TrustBar is a decentralised cryptocurrency exchange that allows users to swop tokens from one
blockchain to another. The exchange enables cross-chain token exchanges with a single click,
through one transaction and on a decentralised exchange. TrustBar’s protocol is built on multiple
blockchains and uses a smart matching engine to match trades. All TrustBar token holders
will receive a monthly dividend from the profits that are generated from the TrustBar exchange.

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https://trustbar.io/TRUSTBAR_PRESS_RELEASE.pdf

Links

Website:
https://trustbar.io

Whitepaper:
https://trustbar.io/TRUSTBAR_WHITEPAPER.pdf

Signup for Airdrop
https://trustbar.io/airdrop

Join Us On:

Telegram: https://web.telegram.org/#/im?p=@trustbario

Twitter: https://twitter.com/TrustBarDex

Facebook: https://www.facebook.com/TrustBarDex/

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