Public ledger of every directory change — grade bumps, KYC re-tests, sponsorship activations, incident updates. We log it so visitors can verify our claim that the editorial firewall holds.
The list is the product; this is the receipt of how it changes.
{
"listing": "trustswap",
"grade": "C",
"category": "exchanges/Instant Swaps",
"note": "Flipped to active at Grade C without in-house test swap — listing prose carries the documented C-floor caveats"
}