Tswap - Non-custodial TRON - Bitcoin Trading Without Exchanges
Project Name: Tswap
Project Track: Crosschain-interop
Team Name: Team Tswap
Team Members: @maaz +1 more
Social Info
Telegram: Telegram: View @tswap_io
X (Twitter): tswap_io
Website: pitch deck
Project Overview
Project Goal: Enable direct, trustless atomic swaps between TRON and Bitcoin without centralized exchanges, bridges, or wrapped tokens. TSwap makes cross-chain trading as simple as a peer-to-peer transaction—completely eliminating counterparty risk.
Unique Value Proposition: TSwap solves a billion dollars problem: Currently, swapping TRX for Bitcoin requires centralized exchanges (high fees, custody risk) or wrapped tokens (trust assumptions, bridge vulnerabilities).
TSwap delivers:
- True Decentralization - No intermediaries can access, freeze, or steal user funds
- Massive Cost Savings - $0.01-0.10 per swap
- Real Bitcoin - Trade actual BTC, not synthetic wrapped tokens that introduce smart contract risk
- Tron’s Gateway to Bitcoin - Positions TRON as the premier low-cost bridge to Bitcoin’s $1.3T ecosystem
- Proven & Trusted Technology - Built on Hash Time-Locked Contracts (HTLCs), the same proven cryptography powering Bitcoin’s Lightning Network
Impact for TRON: Opens bidirectional liquidity flow between TRON’s efficient DeFi ecosystem and Bitcoin’s massive liquidity, attracting Bitcoin holders seeking lower fees and faster transactions.
Project Demo: Demo
Expected Completion Date for 2026: Q2 2026 (Mainnet Launch)
Current Progress : 5% - Completed comprehensive architecture design, technical workflow documentation, and pitch deck. Ready to begin development upon funding.
Technical & Governance Details
Project Test Instructions: Would be available after testnet launch.
Technical Details:
Tech Stack & Architecture :
- Smart Contracts: Solidity with ReentrancyGuard and OpenZeppelin security libraries
- Bitcoin HTLCs: Native P2SH-P2WSH scripts for SegWit-compatible HTLCs with canonical signature encoding.
- TRON Integration: TronWeb, TronGrid API
- Bitcoin Integration: Bitcoin Core RPC, Mempool.space API
- Backend: Node.js/TypeScript for swap coordination
- Security: SHA-256 hashing, time-locked contracts, atomic guarantees
- Frontend: NextJs + TronLink for wallet integration
Key Innovation: Unlike wrapped token bridges that require trust in custodians, TSwap uses cryptographic proofs to guarantee atomicity—either both chains complete or both refund automatically.
Smart Contract Links: Would be available after testnet launch.
How is the Project Governed?
Phase 1 : Core team governance for rapid development and critical security decisions
Phase 2 : Hybrid governance - Core team + community advisory board
Phase 3 : Full DAO governance where token holders vote on:
- Protocol fee adjustments
- Supported token additions (USDT-TRC20, etc.)
- Treasury allocation and grants
- Strategic partnerships
Funding & Business Model
Funding Request:
| Category | Amount (USD) | Details |
|---|---|---|
| Development & Security | $70,000 | Smart contract dev, Bitcoin integration, frontend/backend, testing, audits, bug bounty |
| Marketing & Operations | $50,000 | Brand design, campaigns, community building, partnerships, infrastructure, legal |
| Total | $120,000 | Total Funding Requested |
Milestone-Based Release Preferred: Open to structuring funding in tranches
(30% upfront, 40% at testnet, 30% at audit completion) for maximum accountability and transparent progress on development, integration and security audits.
Revenue Model:
Sustainable Multi-Revenue Strategy:
-
Protocol Fees (Primary): 0.1% on all swap volumes
- Year 1: $5M volume = $5k revenue
- Year 2: $50M volume = $50k revenue
- Year 3: $500M+ volume = $500k+ revenue
-
Premium Services: Fast-track matching, API access
-
Partnership Revenue: White-label solutions and DeFi integrations
Path to Sustainability: Protocol fees fund ongoing development and security. No long-term dependency on external funding.
Ecosystem Impact
Partnerships:
Currently in Pre-Development:
- Researching Bitcoin developer community for technical collaboration
- Planning partnerships with TRON DeFi protocols post-launch
Time on TRON: Awarded 2nd prize in 2023-2024 with cloak , also i won community contributor prize winner at s7
Project Milestones:
-
Milestone 1 (Months 1–2): Core Development & Infrastructure
Finalize technical specifications and architecture, develop the core HTLC smart contracts, complete the Bitcoin integration layer, and set up the full development environment and community channels. -
Milestone 2 (Month 3): Testnet Launch & MVP
Deploy the protocol on testnet, release the functional frontend mvp, and onboard early alpha testers for feedback and iteration. -
Milestone 3 (Month 4-5): Security Audit & Mainnet Readiness
Run a public testnet, complete the external security audit, address all findings, and perform full security hardening to prepare for mainnet. -
Milestone 4 (Months 6–8): Mainnet Launch & Growth
Launch on mainnet, initiate marketing and partnerships, drive user acquisition, and target 100+ successful swaps and $1M+ volume within the first growth phase.
Post-Launch :
- Add USDT-TRC20 - Bitcoin swap support
- Mobile app (iOS/Android) for seamless swapping
- Reach $50M+ cumulative volume
- Begin phased DAO governance transition for protocol decisions
