TrustBar
TrustBar
Token: TSB


Decentralized Cross-Chain Exchange TrustBar is a highly anticipated project that is creating a decentralized cryptocurrency exchange on the NEO platform.

PreICO dates
Start date: 2018-08-31
End date: 2018-09-30

ICO dates
Start date: 2018-10-01
End date: 2018-10-31

Registrated in: South Africa

Platform: NEO
Type: NEO

PREMIUM ICO

TrustBar whitepaper
Video
TrustBar token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries No
Soft cap 10,000,000 USD
Hard cap 35,000,000 USD
Tokens for sale 108000000
Token distribution in ICO
60%
60%
Price in PreICO 1 TSB = 0.33 USD
Minimal investment 0.1 NEO
Acceppting BTC,ETH,FIAT,NEO
Bonus in ICO Bonuses. Pre-Sale 10% - 31 August to 15 September 7.5% - 16 September to 30 September Public Sale 5% 1 October to 7 October 2.5% 8 October to 14 October 0% - 15 October to 31 October

TrustBar is a highly anticipated project that is creating a decentralized cryptocurrency exchange on the NEO platform. TrustBar is a decentralized crypto exchange that enables an individual or institution to trade with another person or institution’s cryptocurrencies and tokens. The exchange allows for the transfer of value not just intra-blockchain, but also cross-chain, allowing the user to swap tokens from one blockchain to another.Using a smart matching engine, TrustBar enables the seamless cross-chain exchanges of currencies and tokens.

TrustBar Token Value Adds:

·       All qualified token holders will receive a monthly dividend from profits generated from the exchange.

·       All unsold tokens to be distributed as Bonus.

·       As an added bonus qualified token holders will also receive trading fee discounts.

TrustBar news, social
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Random whitepaper excerpts

Contents
Abstract
Introduction
Restrictions of Centralised Exchanges
The TrustBar Solution
TrustBar value-add opportunities
Architecture of the TrustBar exchange
How to Trade on TrustBar
Deposits
Trading
Withdrawal
Applicable Scenarios
Strategic Road Map
Trade Fees and Market Comparisons
Token Sale and and Initial Coin O ering (ICO)
Meet the Team
Due Diligence
References
TrustBar Whitepaper - Version 1.1
1
April /May 2018
...

Abstract
The purpose of this whitepaper is to expand on the inherent limitations and security short-
comings of existing centralised cryptocurrency exchanges and to elaborate on a growing
preference for the decentralisation of the crypto trading process.
This paper also highlights the unique transactional and security features o ered by TrustBar
– an evolving decentralised digital exchange that o ers a unified interface and linked
cross-chain environment that will allow users to transact all crypto-assets across a single
platform.
The paper will show how TrustBar’s dynamic trading pairing system allows users the flexibili-
ty to choose token pairs, enabling users to trade from any crypto token to another token
listed and available on the platform.
It will also demonstrate how, by virtue of being a decentralised exchange, user funds are not
stored on the exchange, making these funds more secure than those stored on centralised
exchanges. The TrustBar decentralised exchange will provide ...

Introduction
While only in its infancy, blockchain technology has already demonstrated dramatic fragmen-
tation. In 2017 alone, forks, squabbles and hacks have peppered the discourse. Bitcoin had
two major forks in 2017 with the formation of Bitcoin Cash and Bitcoin Gold, while Ethereum’s
switch to proof-of stake, or Casper, was also a major talking point among those in the know.
The market has also seen the launch of additional smart contract platforms, which will
further aggravate the fragmentation, as each blockchain has native tokens that only exist on
that blockchain.
The snowballing acceleration in the trade of cryptocurrencies even has the global formal
banking institutions somewhat nervous. Wall Street monolith JPMorgan Chase has, for the
first time acknowledged the blockchain-based technology as a viable future threat to its
business. The bank stated in its 2017 annual report that traditional payment processing and
banking services could be disrupted by technologies, such as cryptocurre...

The exchange merely serves as a matching and routing platform for the trading of various
cryptocurrencies.
Blockchain platform VariabL COO Nathan Sexer describes a decentralised exchange as a
“trustless” system that does not involve a third party holding customer's funds (1). In a
February 2018 article on cryptocurrency news website Brave New Coin, Sexer says the
automated process of a decentralised exchange ensures that the trades occur directly
between users or through a peer-to-peer automated method or process.
“Users’ funds are held in the personal wallet and not held with an exchange, hence could not
be more safe,” he writes.
Restrictions of Centralised Exchanges
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.
Sexer describes cen-
tralised exchanges
as “honeypots”for

One of the most high-profile hacks on a centralised exchange took place in 2016, when
hackers took advantage of a flaw in the security protocol of the Bitfinex platform to steal 119
756 Bitcoin valued at $72 million from the several customer accounts.
According to cryptocurrency blog Rados, more than 980 000 bitcoins have been stolen from
exchanges, which would be worth more than $15 billion at current exchange rates (3).
Recent security breaches of centralised exchanges
Date
Mar-14
Jul-14
Dec-14
Jan-15
Feb-15
Aug-16
Jan-18
Feb-18
Source: Rados (1)
USD Amount
$700 000 000
$9 500 000
$3 200 000
$5 100 000
$1 750 000
$72 000 000
$534 800 000
$195 000 000
Crypto Value
850,000 BTC
13,000 BTC and 300,000 LTC
3,894 BTC
19,000 BTC
7,000 BTC
120,000 BTC
523,000,000 NEM
17,000,000 NANO
Exchange Name
MtGox
Cryptsy
Mintpal
Bits...

The result is a cumbersome, time consuming and costly process, as each transaction leg will
incur a separate fee. There is also the additional possibility of deposit or withdrawal fees
should the exchange not list both tokens. Even when an exchange lists both tokens, users are
often limited in terms of the exchange pairs available. They are then forced to convert to the
platform coin before being able to purchase the desired token.
The TrustBar Solution
TrustBar is a decentralised crypto exchange that enables an individual or institution to trade
with another person or institution’s cryptocurrencies and tokens. The exchange allows for the
transfer of value not just intra-blockchain, but also cross-chain, allowing the user to swap
tokens from one blockchain to another.
The ultimate goal of TrustBar is to enable cross-chain token exchanges with a single click,
through one transaction and on a decentralised exchange. No existing decentralised
exchange currently o ers this kind of functionality.
...

Let us assume a user wishes to covert Ethereum tokens to Red Pulse through the TrustBar exchange:
Step 1
User A deposits Ethereum tokens into the exchange.
Step 2
: User A places a sell order to covert Ethereum to Red Pulse tokens.
Step 3:
Should there be no matching order – i.e., no other user wishing to swap Red Pulse for Ethereum –
the smart engine searches for combination orders to fulfil this request. For example, our User A
places a sell order for Neo to Red Pulse. User B places an order to sell Neo for Ethereum. User C
places an order to sell Red Pulse for Neo. The engine matches the various orders by, for example,
selling User A’s Ethereum to User B selling Neo to User C, who sells Red Pulse back to User A.
Through TrustBar, the user only pays one fee for this transaction. The smart engine could also
provide liquidity and a fair price through price discovery.
Cross Chain settlement
#1 Deposit NEO
#2 Sell Order NEO/OMG
User 1
e. Withdraw OMG
...

If an order is partially met or if the engine is unable to settle the trade, the trade will be ranked
according to other buy and sell orders on the exchange and will remain open on the order book.
The highest buy order will be ranked number one on the order book.
To further enhance the user experience, TrustBar will implement a liquidity lake to ensure that all
combinations have a base price, permanently allowing users to complete instant trades.
A liquidity lake is an application that will be used to provide pricing on the TrustBar exchange. The
prices will be aggregated from several exchanges and made available on the TrustBar exchange.
This means that the user no longer needs to check all the other exchanges to find the base price.
TrustBar will thus o er a decentralised exchange allowing people to freely transact in crypto-assets,
enabling economic opportunity and advancing the development of the blockchain technology. The
development of TrustBar is based on three strategic goals:
1
To implem...