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Designed to improve Trust Wallet customers’ experience and offer access to discounts, governance rights, and rewards inside the Trust Wallet ecosystem, Trust Wallet Token (TWT) is a BEP-20 utility token. Among several blockchain assets supported by Trust Wallet are Ethereum, Binance, and TRON. Originally introduced as a BEP-2 asset on Binance Chain, TWT moved to Binance Smart Chain (BSC) in 2020 to give customers lower fees and faster transactions.
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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