What exactly is the Trust Wallet Token (TWT)?
Is Trust Wallet Token (TWT) a good buy?
Trust Wallet Token (TWT) may be purchased where?
I’ve already discussed Trust wallet and created a full video instruction for it. I believe that the security and custody of various crypto assets is an important part of the bitcoin sector. Several solutions have evolved in this respect in recent years. Non-custodial decentralised wallets, for example, provide the asset holder with total autonomy and power. This research focuses on Trust Wallet and its native wallet token, which our staff has personally used for months.
Trust wallet is a mobile non-custodial decentralised crypto wallet. The wallet code is open source and works with a variety of blockchain networks, including Ethereum, Solana, Bitcoin, Binance Smart Chain, and many others. It simply lets users to purchase, store, exchange, and earn cryptocurrency.
Trust wallets are far more secure than traditional exchange wallets since private keys to assets are exclusively kept by the user. Furthermore, the wallet includes a decentralised exchange on the site. This increases the dependability of the entire wallet ecosystem.
The wallet is a web3 browser that works with a variety of Decentralized Apps (DApps). As a result, you’ll have access to a variety of staking and other DeFi tools. Trust wallet is covered in detail in our previous review.
Trust Wallet is a whole crypto ecosystem in and of itself. It supports over 40 blockchains and over 1,60,000 distinct assets. The primary blockchains that are supported are as follows:
- Binance Smart Chain
What exactly is TWT (Trust Wallet Token)?
TWT (Trust Wallet Token) is a Trust Wallet in-house governance token that is available in two token standards: BEP2 token (Binance Chain) and BEP20 token (Binance Smart Chain).
The token may be used for internal wallet ecosystem governance as well as to obtain different discounts on wallet services. It can also be staked to generate passive income from the investment.
TWT application (Trust Wallet Token)
TWT has the following use cases:
TWT (Trust Wallet Token) is the Trust Wallet’s sole governance instrument. A token holder has the right to vote on the following issues:
The wallet now has new blockchain support.
When you add fresh tokens to your wallet,
Introducing new wallet features
Users can get a discount on DEX services and cryptocurrency purchases using the app. However, there are no guidelines for obtaining these reductions.
TWT may be staked on a variety of decentralised apps (DApps) to gain staking incentives.
TWT can be put in the liquidity pools of a decentralised exchange.
TWT (Trust Wallet Token) token supply and economics
|Maximum Supply||90 Billion|
|Tokens burned||89 Billion|
|Adjusted Maximum Supply||1 Billion|
|Circulating Supply||346.95 Million (34.70% of Maximum Supply)|
|Market Cap (USD)||USD 164.99 Million|
|Market Price (USD)||USD 0.4760|
|24 Hour Volume (USD)||USD 19.02 Million|
Trust Wallet connected with Binance Smart Chain in October 2020 and concurrently opted to burn 89 billion TWT coins that had not yet been distributed. The decision to burn over 99 percent of the Maximum Supply was designed to strengthen TWT’s tokenomics.
As a result, TWT had less than 1% of Maximum Supply in circulation; it currently has 34.70%.
TWT Token Availability
TWT token’s entire supply is distributed as follows:
|Particulars||No. of Tokens||Percentage|
|Reserve Wallet||300 Million||30%|
|New User Acquisition||83 Million||8.3%|
|Community reward for Existing users||120 Million||12%|
|Market Circulation||347 Million||34.7%|
Thirty percent of the total quantity of TWT has been reserved in a wallet whose distribution has yet to be determined. Aside from that, 8.3 percent of total supply is set aside for new user acquisition, 12 percent for rewarding current users, and 15 percent for developers.
There is no timetable for when the platform will distribute these reserve tokens.
TWT (Trust Wallet Token) may be purchased where?
TWT (Trust Wallet Token) is available on a number of exchanges. The following are the names on the list:
MXC Binance DEX
TWT’s Restrictions (Trust Wallet Token)
TWT (Trust Wallet Token) may have the following limitations:
The coin has limited use cases, and the Trust Wallet ecosystem lacks a business source. As a result, there is no direct advantage to holding TWT other than as a speculative asset. The team has yet to provide a roadmap.
Is Trust Wallet Token (TWT) a good buy?
With increased cryptocurrency acceptance and more than 10 million downloads (Google Play), and ranking #11 in Finance (Apple App Store), trust wallet is gaining traction. At the time of writing, the token utility is small, however this may alter over time. Trust wallet may easily perform the same trick as SFP with its early wallet offers and make its token worth. Another reason I like such wallet tokens is because they aren’t only for keeping crypto-assets; they’re also a crypto market ecosystem in and of themselves. Staking, swapping, exchanging coins, and acting as validators for other projects make them valuable in the ecosystem.
Even Google’s trend demonstrates how popular Trust wallet is.
Everything about the Trust wallet appears to be in order, but we can’t overlook how competitive the crypto wallet business is, which I believe is a concern. However, because Trust wallet (therefore TWT token) is part of the Binance ecosystem and the distribution was nearly fair, it may have a greater upside.
Before investing in TWT coin, I recommend connecting with the team on Telegram and asking tough questions about the Trust wallet’s future roadmap and revenue source.