Which Trading Pairs Will Be Delisted?

Starting from 2025-01-17 03:00 (UTC), trading will cease for the following pairs: BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC.

What Should Users Do?

To avoid potential losses, Binance has advised users:

1. Those using Spot Trading Bots for the affected pairs should update or cancel their bots before the specified date.
2. The delisting of these pairs will not impact the ability to trade the base and quote assets through other trading pairs available on Binance.

Why Was This Decision Made?

Binance conducts regular evaluations of its trading pairs, considering factors like low liquidity, poor trading volume, and overall market conditions. The goal is to create a safer and more efficient trading environment for investors.

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According to Binance, users can still trade the underlying assets of delisted pairs through other trading pairs on the platform. For the most accurate information, users are advised to refer to the original English version of the announcement.

This decision by Binance could contribute to a more stable market structure.

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Founders and Team

Viktor Radchenko started Trust Wallet in 2017 after spotting an open-source wallet market lacking Ethereum and ERC-20 tokens. A major turning point was reached when Binance acquired the platform in 2018, therefore strengthening the legitimacy and expansion of Trust Wallet. Although the entire Trust Wallet crew is yet unknown, it is reported to consist of more than twenty people who keep improving the features of the app.

Unique Features of TWT

The special value of TWT comes from its advantages only for Trust Wallet users. It lets token owners take part in governance and provides discounts on decentralized exchange (DEX) services and bitcoin purchases. By means of this participation, users may vote on changes and help to determine the future of the app. Though meant for Trust Wallet, TWT can also be exchanged or utilized outside of the platform as a BEP-20 asset.

Benefiting from BSC’s low-cost, fast infrastructure, TWT was one of the first tokens introduced on the Binance Smart Chain and is hence quite efficient for transactions. These qualities, plus use in Trust Wallet’s DEX and governance rights, provide TWT with more speculative value.

Security and Consensus Mechanism

The proof-of-stake (PoS) consensus method of Binance Smart Chain locks the Trust Wallet Token and has been tested extensively to stop common blockchain flaws, including 51% and Sybil assaults. Furthermore, improving security is Binance’s bug bounty program, which motivates developers to find and document system flaws.

Trust Wallet itself is locked with a 12-word recovery phrase and a passcode lock, therefore shielding user money from illegal access. The infrastructure of the token, together with Binance’s strong security policies, offers TWT holders a strong security framework.

Market Performance and Financials

Trust Wallet Token is clearly a major participant in the crypto scene, with a market value of $399 million and a totally diluted valuation of $958 million. With a total quantity limited to one billion, its circulating count is over 424 million tokens. Reflecting robust market involvement and continuous investor interest, recent 24-hour trading volume exceeds $53 million.

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Trust Wallet is launched in 2017. It supports thousands of cryptocurrencies and offers additional features such as staking and purchasing capabilities. It serves as a gateway to a wide range of blockchains, digital assets, and decentralized applications(DApps).

Both businesses and individual users prefer the wallet due to its exceptional security features. It is widely used in various industries including financial services, accounting, and software development. Trust Wallet is recognized as one of the most secure hot wallets available. It ensures the protection of online transactions through advanced encryption techniques and employs bank-grade security measures to safeguard private keys.

Especially, the wallet is the official mobile wallet of Binance, one of the largest cryptocurrency exchanges. This affiliation further enhances its credibility among users. Trust Wallet has introduced its own governance token called TWT. Holders of TWT can actively participate in important governance voting processes, allowing them to have a say in the platform’s decision-making procedures.

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How Does It Work?

Trust Wallet is an online wallet that provides users with convenient access to multiple chains through a single application. Unlike browser-based wallets, it allows immediate access to all blockchains as soon as the app is downloaded. It is a multi-coin mobile wallet that offers users full control over their funds, as it is not an escrow wallet. Users have complete control over their recovery phase and ensure the security of their assets.

One of the notable features of Trust Wallet is its built-in Web3 DApp browser. This integrated browser allows users to seamlessly access decentralized applications (DApps) without the need to leave Trust Wallet or connect to a desktop device. Users can directly interact with DApps on the blockchain, eliminating the requirement to create accounts or login to external platforms. This experience enhances convenience and provides a secure environment for exploring and utilizing various DApps.

Trust Wallet also simplifies the management of crypto non-fungible tokens (NFTs) and gaming assets.

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