Trust Wallet Token

What is the token?

• A utility token for Trust Wallet, a mobile cryptocurrency wallet.

• Operates as a BEP-20 token on the Binance Smart Chain, initially launched as BEP-2 on the Binance Chain.

• They are used for governance, allowing holders to vote on wallet updates and proposals.

• Offers benefits such as discounts on in-app purchases and DEX services.

• Trust Wallet supports numerous cryptocurrencies and features like staking, token swaps, and dApp access.

Tokenomics

• Circulating supply is approximately 416.65 million TWT.

• Token distribution includes allocations for:

• User Acquisition

• Developers

• TWT community

• Reserve wallet

• A significant portion of the initial token supply was burned during migration from Binance Chain to Binance Smart Chain, setting the current cap.

Market Data

As of today #{today’s date}, the price of Trust Wallet Token is ₹84.25 INR or 0.9628 USD, with a 24-hour trading volume of 17107488.31 USD. The market capitalisation for Trust Wallet Token is 400891506.35USD. The circulating supply is 416649900 Trust Wallet Token, with the total supply also being 999668148 Trust Wallet Token.

Token Pros and Cons

Pros:

• TWT holders enjoy benefits within the Trust Wallet ecosystem, such as discounts and governance participation.

• Trust Wallet’s affiliation with Binance adds credibility and potential for growth.

• Supports a wide range of cryptocurrencies and blockchain networks.

Cons:

• Limited utility outside the Trust Wallet ecosystem.

• The cryptocurrency market’s volatility affects TWT’s price.

• Dependence on the success and adoption of Trust Wallet for value appreciation.

Why should you invest in the coin?

• Potential benefits within the Trust Wallet ecosystem and governance participation.

• It is associated with Binance, supporting a broad range of cryptocurrencies and dApps, indicating growth potential.

USP of the Coin

• Integration with Trust Wallet providing governance and incentives.

• Facilitates discounts and benefits for wallet users, distinguishing it from other tokens.

Problem the Coin is Solving

• Enhances user engagement and participation in Trust Wallet.

• Encourages decentralised governance and offers financial incentives for managing cryptocurrencies and using dApps.

Founder and Team Background

• It was founded by Viktor Radchenko and aimed at a user-friendly and secure mobile wallet.

• It was acquired by Binance in 2018 with a team experienced in blockchain, software development, and cybersecurity.

ICO Price

• No traditional ICO; TWT was distributed via airdrops and promotional activities post-Binance acquisition.

Risks Associated in Investing in the Coin

• Similar to other cryptocurrencies: market volatility and regulatory changes.

• Dependent on Trust Wallet's continued success and adoption.

Whitepaper Insights

The Trust Wallet whitepaper outlines the vision, features, and technical aspects of the Trust Wallet and the TWT token. It emphasises the importance of a secure, user-friendly platform for managing a wide range of cryptocurrencies and accessing the decentralised web. Trust Wallet Token (TWT) is a utility token designed to incentivise users of Trust Wallet, a mobile cryptocurrency wallet that supports various blockchains and digital assets. TWT was launched in late 2017 and has since been distributed to Trust Wallet users, developers, and the community. The token is available on both Binance Chain and Binance Smart Chain.

The whitepaper details the tokenomics of TWT, including its supply, distribution, and utility within the ecosystem. It also discusses the governance model, allowing TWT holders to participate in decision-making processes. The document highlights Trust Wallet’s commitment to providing a seamless experience for users to engage with dApps, stake tokens, and participate in the broader cryptocurrency market. The whitepaper underscores the strategic partnership with Binance, enhancing Trust Wallet’s capabilities and integration within the Binance ecosystem. The whitepaper presents Trust Wallet and TWT as integral components of a user-centric approach to cryptocurrency management and decentralised finance (DeFi) participation.

TWT serves multiple purposes within the Trust Wallet ecosystem:

• Governance: Holders of TWT can participate in decision-making processes, such as voting on new blockchain support, tokens, and product features.

• Discounts: TWT holders receive discounts on DEX services and purchasing crypto within the app.

• DApp reviews and promotions: TWT incentivises developers to work on DApps that contribute to adopting Web 3.0 on mobile devices.

• Affiliate and bounty rewards: TWT is distributed to users who help spread awareness about Trust Wallet and participate in various events.

The token allocation is as follows:

• 40% for user acquisition

• 15% for developers

• 15% for the community

• 30% for a reserve wallet

The total supply of TWT is 1,000,000,000, with more than 25% of the tokens already distributed to the Trust Wallet community via promotions, giveaways, or user acquisition events. TWT is a BEP2 and BEP20 token, meaning it can be sent and received in any wallet that supports the Binance Chain ecosystem.