Introducing TrustX, A Next-Gen Social App

Trustworks Global
3 min readApr 6, 2021

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Why Social Marketplace?

60% of instagram users say they find new products on instagram, 30% of online shoppers say they would rather make a purchase directly from a social media network, in addition to this sales made using social media platforms are outperforming emails. All of these facts point to the fact that the future of sales is the Social marketplace i.e selling products directly through social media networks.

Above numbers suggest that there is a disruption in the way we reach out and engage with our network and build our brands.

It is clearly evident that the applications of non-fungible token are gaining profound significance across various industries.

We are building TrustX, 1st of its kind social app to create NfTs with zero design knowledge, connect and interact with like minded creative individuals and be inspired by the diversity of creativity.

It’s a first of its kind social app, built to address few fundamental challenges to the NfT landscape:

  • Mainstream Adoption
  • Intellectual Property (IP) & Copy Rights
  • User Experience

Trustworks decentralized ecosystem works on three fundamental pillars.

  • $TRUST Tokens
  • DAO Passive Income NfTs
  • Charity Mechanics

$TRUST Tokens

$Trust tokens work as a utility within TrustX ecosystem, and it will be used for the transactions within the TrustX app.

Max Supply: 1,000,000 $TRUST

BSC IDO: 375,000 $TRUST

$Trust Pools: 200,000 $TRUST

BSC Liq: 112,500 $TRUST

Treasury: 100,000 $TRUST

Development Fund: 162,500 $TRUST (locked 2, 4, 6, 8 months)

Team Tokens: 50,000 $TRUST (locked 9, 12, 15, 18 months)

DAO Passive Income NfTs

For the next three (3) months, we will create 30 DAO Passive Income NfTs that will have high rarity. There will always be a maximum 1,000 ever minted each time. Which means there will be only 1,000 DAO members.

All you have to do is farm all our NfTs and hold them to participate in the DAO voting mechanics and reward systems.

EXCLUSIVE REWARD’s For DAO Participants

  • You will be given extra privilege as DAO Participant; all you have to do is farm your rewards to gain access to DAO passive income framework.
  • DAO passive income takes 3 cycles of NfT collection from our ecosystem, once you have collected all our DAO NfTs, you will also be eligible for our governance framework.
  • A 0.5% fee on all transactions on the TrustX app will be collected in the DAO wallet and will be distributed among all DAO participants on a monthly term
  • You will be able to vote on key decisions of Trustworks growth, you will help us in taking critical steps

Charity Mechanics

· We will produce NfTs as a utility within our platform for community reward distribution.
If a participant decides to sell, there will be a 30% royalty on every trade.

· The royalty amount will be collected in a whitelisted wallet till it reaches a threshold of US 10,000.

· Once the threshold is reached, we will ask the NfT celebrity to nominate a charity of their choice.

· The charity event will be recorded and documented on our website, anyone will be able to verify it.

· If no nomination is provided, the DAO voting mechanics will take the decision.

Website: https://www.trustworks.global/

Linkedin https://www.linkedin.com/company/trustworksnft

Twitter https://twitter.com/Trustworks_NfT

Telegram https://tttttt.me/Trustworks

Medium https://medium.com/@trustworksglobal

Insta https://www.instagram.com/trustworksnfts/

Youtube https://www.youtube.com/channel/UChD-PYuMWsxxZYKFIlo0Cww/videos

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Trustworks Global
Trustworks Global

Written by Trustworks Global

We are building Trustvibes, a next-gen social app for creators & artists.

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