Trust Wallet Token

TWT

#74 rank

TWT to usd

$1.20

BTC 0.0000181

24H TWT price

+$0.0289

+2.40 %

TWT to USD converter

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TWT

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TWT market cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

$1,416,697,965

TWT 24H trading volume

A measure of how much of a cryptocurrency was traded in the last 24 hours.

$12,102,070

TWT diluted market cap

The market cap if the max supply was in circulation. Fully-diluted market cap (FDMC) = price x max supply.

If max supply is null, FDMC = price x total supply

$2,404,696,913

TWT circulating supply

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

1,177,933,811

TWT total supply

1,999,419,686

TWT all time high

$2.73

Trust Wallet Token to USD chart

24H

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Live Trust Wallet Token Price Today

The live Trust Wallet Token price today is $1.20 as of 4/23/2024, with a 24-hour trading volume of $12,102,070.

Trust Wallet Token's price is up 2.40% in the last 24 hours.

Currently, Trust Wallet Token ranks 74 out of 37388 coins according to CryptoMarketCap.

Trust Wallet Token has a live market cap of $1,416,697,965, a circulating supply of 1,177,933,811 TWT coins and a maximum supply of 1,999,419,686 TWT coins.

Want to find the best place to buy Trust Wallet Token at the current price?

The top cryptocurrency exchanges for buying and selling Trust Wallet Token coins are currently Binance, Currency.com, THORChain, KuCoin, Bybit. You can find other markets listed on our crypto exchanges page.

What is Trust Wallet Token (TWT)?

Trust Wallet Token is the governance token of the extremely popular Trust Wallet, a non-custodial, multi-coin wallet that supports millions of assets.

Trust Wallet gives users the ability to take charge of their own coins in one single, convenient place. It is also a gateway to decentralized applications (dApps) built on blockchains like Ethereum and the BNB Smart Chain.

Trust Wallet is also a big part of the Binance ecosystem. As a matter of fact, it is considered Binance’s official decentralized wallet.

Given this close connection to Binance, Trust Wallet is one of the best wallets to use when interacting with the Binance Smart Chain. The numbers support its popularity—Trust Wallet has seen well over thirty million downloads across a variety of operating systems.

When Was Trust Wallet Token Launched?

Trust Wallet was launched in 2017, rising from humble Ethereum-focused beginnings to the multi-coin behemoth of the space it is today.

It began by only supporting the storage, transfer, and use of ERC-20 tokens on Ethereum, but a dApp browser came as soon as February 2018. Alongside this hallmark feature came support for Callisto and Ethereum Classic.

Trust Wallet gained popularity fast for its high-grade security and friendly user experience. It also made a vow to never access user wallets, hold users’ private keys, or ask for personal information.

Late in 2018, Trust Wallet was able to integrate with several blockchains, including industry mainstays VeChain and TRON. Then, in early 2019, Bitcoin, Bitcoin Cash, Litecoin, and Dash were also good to go.

Trust Wallet Token was initially launched as a BEP-2 asset on the Binance chain, but it was relaunched as a BEP-20 token on the Binance Smart Chain in October 2020.

Who are the Founders of Trust Wallet Token?

Trust Wallet was founded by Ukrainian-born and California-based Viktor Radchenko, who is also behind the hit logistics app Trucker Path.

Radchenko was motivated to build Trust Wallet upon finding out that app stores at the time didn’t have open-source wallets for Ethereum. As many entrepreneurs do when faced with a gap in the market, Radchenko got straight to work.

He revealed that he had been able to deploy the first version of Trust Wallet just two weeks after starting work on it.

In July 2018, Binance acquired Trust Wallet for an undisclosed sum. Former Binance Marketing VP Eowyn Chen took over as Trust Wallet CEO in early 2021, replacing Radchenko in the role.

How Does Trust Wallet Token Work?

Trust Wallet Token is used to incentivize users of the Trust Wallet as well as to govern the future and direction of the Trust Wallet.

Trust Wallet Token holders gain a variety of benefits when using the Trust Wallet. More specifically, they have a discount on in-app cryptocurrency purchases and the use of decentralized exchange services.

TWT holders also have the right to vote on Trust Wallet update proposals, and they play a vital role in the development of the popular wallet app.

The TWT token is a BEP-20 token on the Binance Smart Chain. This token standard means that it is fungible, with 1 TWT always being equal to 1 TWT.

TWT is used purely within the ecosystem of the Trust Wallet application, although the team behind it may continue to flesh out the use cases behind the token.

To earn TWT tokens, users can complete various tasks within the Trust Wallet app. These tasks have included quizzes, referrals, and even trading and staking of cryptocurrencies, which were available in the past.

What Makes Trust Wallet Token Unique?

TWT is unique in the fact that it is tied to one of the biggest names in crypto wallets, the Trust Wallet, which is owned by crypto powerhouse Binance.

Trust Wallet is one of the most popular wallet applications in the industry, and it comes with a whole slew of benefits. Its biggest advantage is the fact that it connects to so many blockchains and provides users the ability to keep track of millions of assets in one place.

Trust Wallet also doesn’t restrict its users with KYC or regional gatekeeping. Limitless, simple, and without limits, Trust Wallet is a very compelling offering.

As a BEP-20 token on the Binance Smart Chain, TWT can also be traded or used as payment. Given its value within the Trust Wallet ecosystem, TWT is an in-demand BEP-20 asset and can be traded almost instantly thanks to BSC’s high performance.

How is the Trust Wallet Token Network Secured?

The Trust Wallet Token is a BEP-20 token on the Binance Smart Chain, so it relies on BSC for security and consensus.

Binance Smart Chain is very similar to Ethereum in how it works, but the consensus is maintained by a mechanism called proof-of-staked authority (PoSA).

As its name might imply, PoSA combines the salient features of proof-of-stake (PoS) and proof-of-authority (PoA) consensus mechanisms. Validators stake BNB, the network's native token, in the protocol. If they break the rules, their stakes are cut or taken away.

The “authority” component also comes into play because there are only 21 of these validators on the network. These 21 validators are the top 21 stakers of BNB on the network, and they are also approved by Binance.

This PoSA architecture ensures that BSC is extremely fast and very secure, but it does compromise on decentralization. However, Binance does make extra sure that BSC is safe, offering generous bug bounty programs that reward those that discover vulnerabilities.

The Trust Wallet is also extremely secure, featuring several security mechanisms, including a passcode lock and a 12-word recovery phrase.

Who Controls Trust Wallet Token?

Trust Wallet and its TWT governance token are controlled by Binance following their acquisition in 2018.

Founder Viktor Radchenko remained in charge of the project for several years while under Binance ownership, but he stepped down in 2021. Now, the Trust Wallet team at Binance is led by Eowyn Chen.

However, TWT token holders do play a significant role in the direction of Trust Wallet. Despite being Binance-owned, the wallet software does operate under the principle of decentralization, which distributed governance is key to.

How Much TWT Is In Circulation?

Trust Wallet Token has a circulating supply of over 416 million TWT and a total supply of 1 billion TWT.

The amount of TWT in circulation is set to gradually increase as users earn TWT for activities such as referrals, quizzes, and other in-app tasks.

Per the Trust Wallet team’s official disclosure, a full 40% of the TWT supply is reserved for user acquisition. 15% each was also reserved for the community and developers, and 30% is held as a reserve.

How Do You Buy TWT?

You can buy TWT from a variety of sources. Trust Wallet Token is a BEP-20 token on the Binance Smart Chain, so decentralized exchanges on the same blockchain are a great way to buy TWT. The Binance DEX and PancakeSwap are two of the most popular platforms for TWT trading.

Of course, you could also choose to buy TWT from a centralized exchange. Again, as a part of the Binance ecosystem, it’s easy to buy TWT on Binance’s CEX platform too. Other exchanges like Gate.io, KuCoin, Phemex, and MEXC also list TWT against a variety of cryptos, including stablecoins.

Is It Possible to Buy Trust Wallet Token Instantly?

Yes. BSC is a high-performance blockchain thanks to its use of PoSA, and buying TWT on a DEX is very fast.

Buying TWT on a centralized exchange platform is fast too, but not if you want to withdraw it. That might take a while, but it’s nothing to do with the blockchain. Most exchanges need to run KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures when you make a withdrawal, and that can often slow things down.

How Do You Store TWT?

Given that Trust Wallet Token is the native token of the Trust Wallet and its ecosystem, with limited use elsewhere, there’s no real reason to store TWT anywhere else.

In fact, if you do choose to store TWT on other wallets or exchange platforms, you may not be able to utilize the benefits granted by the token.

You may be able to store TWT on other BSC-compatible wallets, and you can certainly keep it on an exchange account. While these other options may reward you from time to time, such as with on-platform “staking,” you will be giving up your Trust Wallet governance rights.

Trust Wallet Token Energy Consumption

Binance Smart Chain has just 21 validators. That’s just 21 entities with the built-out hardware infrastructure required to keep the blockchain operational.

By itself, BSC doesn’t use very much energy at all given this structure; and TWT is just one of many BEP-20 tokens secured by BSC.

Is TWT a Good Investment?

The Trust Wallet has become a mainstay in the cryptocurrency wallet niche since its introduction, right up there with the likes of Metamask, Ledger, Trezor, and others.

One of the main reasons for this success is the set of principles that guide the development and continued operation of Trust Wallet. From the beginning, the Trust Wallet founder was keen to maintain the application’s integrity, never accessing user private keys, not restricting usage, and providing governance rights.

Many will point to the involvement of Binance and suggest that Trust Wallet is some sort of “establishment” product. Whether or not these claims are true, the product itself is still a testament to the principles on which it was built.

Ultimately, most projects in blockchain are backed by the establishment. Arguably the most popular web3 wallet today, Metamask, is partly controlled by financial giant JP Morgan Chase. While Binance has kept its nose relatively clean to date, JP Morgan Chase, according to online resource violationtracker has accumulated a total of over $36 billion in fines since the year 2000. This includes a $13 billion fine levied in 2013 for toxic securities abuses at the heart of the global financial crisis of 2008. As part of the settlement, JPM acknowledged it had made serious misrepresentations to the public about numerous transactions.

About TWT

  • Category Financial
  • Coin Type BEP2 Until Migration
  • Proof -
  • Hash -
  • Total Supply 416649900
  • Holders -
  • Inflation Fixed Supply
  • Hard Cap -
  • Mineable No
  • Premined No
  • ICO Price (USD) -
  • ICO Price (ETH) -
  • ICO Price (BTC) -
  • ICO Start Date -
  • ICO End Date -
  • Total USD Raised -

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