Trust Wallet
TWT Price
Trust Wallet Token (TWT) enhances Trust Wallet's mobile app experience, offering governance rights, discounts on transactions, and secure storage for diverse digital assets. More
| Fully Diluted Valuation | $682.17M |
|---|---|
| 24H Trading Volume | $4.26M |
| 24H Low / High | $0.67 / $ 0.69 |
| Circulating Supply | 416.65 M |
| Total Supply | 1.00 B |
| Max Supply | 0.00 |
| Categories | Wallets 3 more |
|---|---|
| Founder | Viktor Radchenko |
| Website | trustwallet.com |
| Socials | 4 more |
| Chains | Energi Ecosystem 2 more |
| Explorer | Binplorer 5 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
|---|
Exploring the Unique Features and Functionality of Trust Wallet Token (TWT)
Cryptocurrency enthusiasts and users of Trust Wallet, a mobile cryptocurrency wallet, are no strangers to Trust Wallet Token (TWT). TWT is a BEP-20 utility token designed to enhance the Trust Wallet user experience. Let's delve into the key features and functionalities that make TWT stand out in the ever-evolving world of digital assets.
A Token for Trust Wallet Users
At its core, Trust Wallet Token is tailored to provide added value to users of the Trust Wallet mobile app. This utility token, initially launched as a BEP-2 asset on Binance Chain, found its way to the Binance Smart Chain in October 2020. TWT holders unlock a range of benefits, including discounts on in-app cryptocurrency purchases and decentralized exchange (DEX) services.
Governance and Voting Rights
One distinctive feature of TWT is its governance role within the Trust Wallet ecosystem. Token holders have the power to participate in decision-making processes, voting on proposals that shape the development of Trust Wallet. Whether it's supporting new blockchains or proposing feature upgrades, TWT holders actively contribute to the evolution of the app.
Dual Functionality
While TWT primarily serves as a utility token within the Trust Wallet ecosystem, its versatility extends beyond. As a BEP-20 asset, TWT can be transferred to any wallet supporting Binance Smart Chain assets, allowing users to exchange it for other assets or use it as payment for services.
Security and Reliability
Backed by the security features of Trust Wallet, TWT is safeguarded by a passcode security lock and a 12-word recovery phrase. Additionally, being based on Binance Smart Chain, TWT benefits from a rigorously tested proof-of-stake (POS) consensus mechanism, mitigating potential threats like 51% and Sybil attacks. Binance's bug bounty program further ensures a secure environment, rewarding individuals who discover vulnerabilities.
The Visionary Behind Trust Wallet
Founded in 2017 by Viktor Radchenko, Trust Wallet emerged as a response to the absence of open-source wallets for Ethereum and ERC20 tokens. Acquired by Binance in July 2018, Radchenko remains an integral part of the Trust Wallet team, driving innovation in the ever-expanding world of cryptocurrency.
Wallet Functionality and Developer Tools
Trust Wallet's primary function is to provide users with a secure and user-friendly platform for managing their digital assets. Beyond this, the platform offers essential tools for developers, including Wallet Core and WalletConnect. Wallet Core serves as a cross-platform library compatible with various blockchain networks, while WalletConnect facilitates secure interactions between desktop and mobile wallets.
Tokenomics and Distribution
The total supply of TWT is capped at 1 billion tokens, distributed through promotions, giveaways, and community initiatives. TWT's availability in both BEP-2 and BEP-20 formats ensures compatibility and ease of use within the Trust Wallet ecosystem.
In conclusion, Trust Wallet Token (TWT) plays a pivotal role in enhancing the Trust Wallet experience for users. Its governance capabilities, coupled with discounts and secure functionalities, make it a valuable asset within the broader crypto landscape. As the cryptocurrency ecosystem continues to evolve, TWT stands as a testament to the innovation and user-centric approach fostered by Trust Wallet.
Trust Wallet Token (TWT) stands out for its dual functionality, serving as a utility token within the Trust Wallet ecosystem, offering governance rights and discounts, while also being transferable to other wallets supporting Binance Smart Chain assets, providing users with versatility beyond the Trust Wallet app.
Trust Wallet was founded by Viktor Radchenko in 2017, and he continues to play a pivotal role in the development of the platform. Acquired by Binance in 2018, Radchenko remains an essential part of the Trust Wallet team.
While specific information about individual backers or investors is not disclosed in the provided text, Trust Wallet became part of the Binance ecosystem in July 2018 after being acquired by Binance. The broader financial backing and support from Binance contribute to Trust Wallet's continued growth.
Trust Wallet Token (TWT) operates on the Binance Smart Chain, utilizing a rigorously tested proof-of-stake (POS) consensus mechanism to ensure network security. This mechanism protects against potential threats such as 51% and Sybil attacks, providing a secure foundation for TWT transactions and governance activities.
You can buy Trust Wallet (TWT) on Binance, Bybit, Bitget, MEXCGate.io cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Trust Wallet TWT. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Trust Wallet (TWT) is ($416,649,900), max supply of Trust Wallet TWT is ($0) and the market cap of Trust Wallet TWT is ($284,224,271).
What is the Trust Wallet (TWT) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Trust Wallet (TWT) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Trust Wallet (TWT) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Trust Wallet TWT) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Trust Wallet (TWT) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Trust Wallet (TWT) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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