The Trust Wallet Token (TWT) is a simple BEP-20 utility token that offers a range of perks and incentives to Trust Wallet users.Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ether, Coin and TRON blockchains.
TWT token holders can unlock a variety of benefits when using Trust Wallet, including discounts on in-app purchases of cryptocurrencies and discounts on the use of decentralized exchange (DEX) services.TWT holders can also participate in the governance of Trust Wallet and vote on proposed updates to Trust Wallet, helping to shape the app's Trust Wallet Token
The Trust Wallet Token was initially launched as a BEP-2 asset on the Binance Chain, but was relaunched in October 2020 as a BEP-20 token on the Binance Smart Chain.Trust Wallet was founded by Viktor Radchenko in 2017 as a decentralized cryptocurrency wallet. In 2018, Trust Wallet was acquired by Binance, the world's largest exchange, and became a product of Binance, but remains independent and does not own the management of or access to users' funds.Eowyn Chen is the CEO of Trust Wallet.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Trust Wallet (TWT) and review the project details below.
What is the allocation for Trust Wallet (TWT)?
Trust Wallet Token (TWT) is both a utility and governance token that propels the functionalities of Trust Wallet, a prominent mobile cryptocurrency wallet. Users can employ TWT tokens to cover transaction charges, engage in governance discussions, and unlock special features in the Trust Wallet application. Out of the total TWT supply of 1 billion tokens, their distribution is:
- 40.00% is allocated to User acquisition
- 15.00% is allocated to Developers
- 15.00% is allocated to TWT community
- 30.00% is allocated to Reserve Wallet
What is the supply schedule for Trust Wallet (TWT)?
In 2018, the Trust Wallet team launched an ICO, but since the company was acquired by Binance, the ICO was canceled, and the money was returned to investors. TWT was first released on the Ethereum blockchain in March 2020 and has since been relaunched twice: first as a BEP-2 asset on Binance Chain and then as a BEP-20 token on Binance Smart Chain. About 89 billion TWT native tokens were burnt during this migration. The current maximum supply of TWT is set at 1 billion tokens, with around 350 million tokens in circulation. The remaining 650 million tokens have been allocated but have yet to be spent.
The Trust Wallet Token (TWT) is a simple BEP-20 utility token that offers a range of perks and incentives to Trust Wallet users.Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ether, Coin and TRON blockchains.
TWT token holders can unlock a variety of benefits when using Trust Wallet, including discounts on in-app purchases of cryptocurrencies and discounts on the use of decentralized exchange (DEX) services.TWT holders can also participate in the governance of Trust Wallet and vote on proposed updates to Trust Wallet, helping to shape the app's Trust Wallet Token
The Trust Wallet Token was initially launched as a BEP-2 asset on the Binance Chain, but was relaunched in October 2020 as a BEP-20 token on the Binance Smart Chain.Trust Wallet was founded by Viktor Radchenko in 2017 as a decentralized cryptocurrency wallet. In 2018, Trust Wallet was acquired by Binance, the world's largest exchange, and became a product of Binance, but remains independent and does not own the management of or access to users' funds.Eowyn Chen is the CEO of Trust Wallet.
Above are only for introduction, not intended as investment advice.