TWT
Reputation Ratings

TWT

Trust Wallet Token 2-5 years
Website https://trustwallet.com/
Browser
OTH RELPs
White Paper
Avg Price
+5.2%
1D

$ 1.1834 USD

$ 1.1834 USD

Market Cap

$ 489.448 million USD

$ 489.448m USD

24h trading volume

$ 20.866 million USD

$ 20.866m USD

7d Vol

$ 91.454 million USD

$ 91.454m USD

Circulating supply

416.649 million TWT

Related information

Issue Time

2020-04-26

Platform pertained to

--

Current price

$1.1834USD

Market Cap

$489.448mUSD

Volume of Transaction

24h

$20.866mUSD

Circulating supply

416.649mTWT

Volume of Transaction

7d

$91.454mUSD

Change

24h

+5.2%

Number of Markets

244

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Current Rate0

Available

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Historical Price

Introduction

Markets

3H

+1.12%

1D

+5.2%

1W

+5.66%

1M

+12.05%

1Y

+6.62%

All

+170.02%

Aspect Information
Short Name TWT
Full Name Trust Wallet Token
Founded Year 2020
Main Founders Trust Wallet Team
Support Exchanges Binance, PancakeSwap, SushiSwap
Storage Wallet Trust Wallet

Overview of TWT

TWT, or Trust Wallet Token, is a cryptocurrency that was established in 2020 by the Trust Wallet Team. This cryptotoken is primarily supported on exchanges such as Binance, PancakeSwap, and SushiSwap. Its designated storage is the Trust Wallet, hence the name Trust Wallet Token. The goal behind TWT is to enhance the functionality of the Trust Wallet, providing benefits and features for the wallet's users.

Overview

Pros and Cons

Pros Cons
Integrated with Trust Wallet Limited to Trust Wallet ecosystem
Supported by well-known exchanges Market volatility
Provides benefits and features for Trust Wallet users Expansion largely depends on the success of Trust Wallet

Diving into a comprehensive analysis of its strengths and weaknesses, it will equip you with the knowledge needed to make informed decisions in this dynamic digital realm.

Pros:

1. Integrated with Trust Wallet: The Trust Wallet Token (TWT) is fully integrated into the Trust Wallet ecosystem. This means it can be easily managed and used directly within the wallet, offering a level of convenience for users.

2. Supported by well-known exchanges: The TWT token is supported by several well-known exchanges such as Binance, PancakeSwap, and SushiSwap. This provides users with multiple platforms for buying, selling, and trading TWT.

3. Provides benefits and features for Trust Wallet users: Being the native token of Trust Wallet, TWT can provide a variety of benefits and additional features to its users. These can include voting rights on future developments, bonus features, and extra rewards.

Cons:

1. Limited to Trust Wallet ecosystem: Since TWT is primarily based on and integrated with the Trust Wallet, it means its use and features are limited to the Trust Wallet ecosystem. This specificity might not appeal to users who use other wallets or cryptocurrencies.

2. Market volatility: Like all cryptocurrencies, TWT is also subject to general market volatility. This means the token's value can fluctuate widely, presenting potential risks for investors.

3. Expansion largely depends on the success of Trust Wallet: As TWT's value and use-case scenarios are heavily tied to the Trust Wallet, its success and expansion largely depend on how well the Trust Wallet performs in the market and how widely adopted it becomes. This presents a potential risk, if the Trust Wallet does not grow as expected.

What Makes TWT Unique?

TWT or Trust Wallet Token presents an innovative approach to wallet-based tokens. Most cryptocurrencies operate independently from their wallets. However, TWT is closely integrated with its respective wallet, Trust Wallet. This integration grants TWT users a multitude of benefits that are often unavailable to other cryptocurrencies.

One significant distinction between TWT and other cryptocurrencies is the provision of user benefits and additional features tied directly to the wallet. TWT serves not merely as a medium of exchange but also grants the holder voting rights on Trust Wallet's future developments, access to bonus features, and the potential for additional rewards.

However, this close integration also means that TWT's utility is primarily limited to the Trust Wallet ecosystem, a factor that might not appeal to users who prefer diversification across multiple wallets. Furthermore, the growth and success of TWT are in large part contingent on the Trust Wallet's performance and user adoption rate in the market.

In terms of exchange support, TWT gets significant backing from well-known exchanges like Binance, PancakeSwap, and SushiSwap that provide users with multiple platforms for trading and stocking. Still, like all cryptocurrencies, TWT is subject to market volatility, which implies that its value can change significantly within a short timeframe.

In conclusion, TWT's innovation largely lies in its integration with Trust Wallet, providing a unique set of benefits and features for its users, but its limitations and dependability on its wallet's success differentiate it from more independent cryptocurrencies.

What Makes TWT Unique?

How Does TWT Work?

TWT operates on a different principle than traditional cryptocurrencies like Bitcoin. While Bitcoin is mined using high-performance mining hardware, TWT's generation does not involve mining. Instead, it is typically acquired through various promotions, airdrops, or purchases on supporting exchanges.

As such, factors like mining software, mining speed, and mining equipment don't apply to TWT in the same way they do for cryptocurrencies that require mining. This also means that the processing time of TWT transactions depends more on the performance of the network and the specific terms set by the supporting exchanges.

TWT operates primarily within the Trust Wallet ecosystem, serving as a utility token. It is used to unlock premium features and participate in the governance of Trust Wallet. The distribution of TWT intends to add value to the Trust Wallet ecosystem by incentivizing user engagement and participation.

It's important to note that, just like any other token or cryptocurrency, the transfer of TWT incurs network fees. These fees are not constant and vary depending on network congestion and other factors.

In comparison to mining-based cryptocurrencies like Bitcoin, which relies on intensive computational work, the cost of acquisition and transaction processing time for TWT can be considerably lower. However, the nature of its relationship with the Trust Wallet ecosystem also means that its functionality and value are highly tied to this specific platform.

Circulation of TWT

Trust Wallet Token (TWT) is a cryptocurrency that is used within the Trust Wallet ecosystem, which is a mobile wallet for storing, buying, and selling cryptocurrencies. The token has a circulating supply of 416,649,900 TWT, out of a maximum supply of 1,000,000,000 TWT, and a market cap of approximately $336.4 million. TWT has experienced significant price fluctuations since its launch, with its all-time high being $2.72 USD.

Exchanges to Buy TWT

TWT can be bought on several notable cryptocurrency exchanges. These include:

1. Binance: Binance is one of the largest and most widely recognized cryptocurrency exchanges globally. It supports a vast selection of cryptocurrencies, including TWT. Users can buy TWT directly with their Binance account.

2. PancakeSwap: PancakeSwap is a decentralized exchange (DEX) run on Binance Smart Chain. This platform allows users to trade cryptocurrencies directly, without a centralized authority, which adds another transaction option for TWT.

3. SushiSwap: SushiSwap is another decentralized exchange that supports TWT. It works just like PancakeSwap, allowing users to trade tokens directly.

These platforms provide a wide range of options to buy, sell, and trade TWT, making it accessible to a broad audience. Keep in mind that each platform has specific procedures and fees associated with transactions, so it is recommended to become familiar with each platform's terms before initiating transactions.

Exchanges to Buy TWT

How to Store TWT?

TWT is designed to be stored in the Trust Wallet, from which it derives its name. Trust Wallet is a mobile cryptocurrency wallet that supports a wide range of tokens, with TWT being its native token.

Trust Wallet would be the primary and most compatible storage choice. Trust Wallet offers advantages like private key control, straightforward user interface, and built-in decentralized exchange features, making it relatively easy to manage and transact with TWT.

Despite this, TWT, being an ERC-20 token based on the Ethereum platform, can be stored on any wallet that supports ERC-20 tokens. Here are some other wallet types that can store TWT:

1. Hardware Wallets: These are physical devices designed for cryptocurrency storage, including ERC-20 tokens like TWT. Ledger and Trezor are well-known companies that manufacture hardware wallets.

2. Desktop Wallets: Software that can be installed on your PC that can hold your TWT tokens. MetaMask is a popular desktop wallet that supports ERC-20 tokens.

3. Mobile Wallets: Mobile applications that store your cryptocurrencies. Other than Trust Wallet, mobile wallets like Coinomi and MyEtherWallet also support ERC-20 tokens.

4. Web Wallets: Websites that offer wallet services where you can store your TWT tokens. Examples are MetaMask and MyEtherWallet.

In choosing a wallet, factors such as security, user interface, compatibility, and control over private keys should be taken into consideration.

Wallet

Should You Buy TWT?

Trust Wallet Token (TWT) could potentially be suitable for individuals who want to actively participate within the Trust Wallet ecosystem. This includes individuals who have Trust Wallet as their primary cryptocurrency wallet, and wish to take advantage of extra benefits and features offered to TWT holders, such as voting rights on governance issues and access to premium wallet features.

Furthermore, those who can cope with the potential financial risk associated with cryptocurrency investments, understand market volatility, and are comfortable with the fact that TWT's success is tied to the performance and user adoption rate of Trust Wallet might find TWT a suitable choice.

Here are a few objective pieces of advice for those considering buying TWT:

1. Research: Make sure to conduct a thorough analysis of TWT and understand the fundamentals of the token, its use cases, and how it functions within the Trust Wallet ecosystem. Stay informed about Trust Wallet's performance and future plans.

2. Diversification: As is true for any investment, it's advisable not to put all your resources into one area. Diversifying your investment portfolio can protect you from potential losses.

3. Regular Monitoring: The cryptocurrency market is highly volatile. Regularly monitor the market trends and TWT's performance.

4. Consider Financial Position: Always take into consideration your personal financial position and risk tolerance before investing.

5. Knowledge of Exchange Platforms: Get familiar with the exchange platforms which list TWT, such as Binance, PancakeSwap and Sushiswap. Understand their fee structure, transaction speed and security measures.

6. Professional Consultation: If you're new to cryptocurrencies, consider seeking advice from financial advisors who are knowledgeable about cryptocurrencies. They can provide more personalized guidance based on your financial situation and goals.

Conclusion

Trust Wallet Token (TWT) is a cryptocurrency token developed as a part of the Trust Wallet ecosystem. Founded in 2020, TWT is primarily supported on several well-known exchanges like Binance, PancakeSwap, and SushiSwap, with the Trust Wallet being its main storage.

An innovative attribute of TWT is its role within the Trust Wallet ecosystem where it serves not just as a digital currency, but also offers additional benefits like voting rights on future developments and access to bonus features.

As for its ability to generate profit or appreciate in value, like any other form of investment, it's subject to market trends, volatility, and investor behavior. Its value and success are tied closely to the Trust Wallet's performance and adoption rate. Hence, potential investors should do their due diligence, understand the market trends, and take the future development plans of Trust Wallet into account. Diversification and regular monitoring of the market is also recommended.

FAQs

Q: How does the governance mechanism of Trust Wallet Token (TWT) influence its long-term utility and value proposition?

A: The governance mechanism allows TWT holders to propose and vote on platform upgrades, feature integrations, and other critical decisions. This decentralized approach ensures that the community's interests are at the forefront, potentially leading to increased adoption and long-term value appreciation.

Q: What security measures are in place to ensure the safety of TWT from potential vulnerabilities or malicious attacks?

A: Trust Wallet employs multiple layers of security, including biometric authentication, private key encryption, and a decentralized infrastructure. Regular security audits and open-source codebase also allow for community scrutiny, ensuring potential vulnerabilities are identified and addressed promptly.

Q: How does TWT integrate with DeFi platforms, and what benefits does this bring to its holders?

A: TWT can be used on various DeFi platforms for staking, liquidity provision, and as collateral for loans. This integration provides TWT holders with diverse opportunities to earn passive income and leverage their assets in the burgeoning DeFi ecosystem.

Q: Are there any plans to introduce layer-2 scaling solutions or sidechains to enhance TWT's transaction throughput and reduce fees?

A: While Trust Wallet primarily operates as a wallet, its integration with Binance Smart Chain and Ethereum provides inherent scalability. Future integrations with layer-2 solutions or sidechains could further enhance TWT's efficiency and cost-effectiveness.

Q: How does TWT's tokenomics ensure a balanced distribution and prevent centralization of token ownership?

A: TWT's initial distribution included airdrops, community incentives, and strategic partnerships. This approach aimed to ensure a wide distribution, preventing any single entity from holding a disproportionate amount of tokens and influencing the network unduly.

Q: With the rise of cross-chain platforms, how does TWT plan to maintain its relevance in a multi-chain future?

A: Trust Wallet's inherent design supports multiple blockchains, ensuring its adaptability in a multi-chain environment. By continuously integrating with emerging chains and platforms, TWT can maintain its relevance and utility across diverse ecosystems.

Q: How does Trust Wallet's in-built DApp browser enhance the utility and demand for TWT?

A: The DApp browser allows users to interact directly with decentralized applications without leaving the Trust Wallet environment. This seamless experience can drive increased usage of TWT for transaction fees, staking, and other DApp-specific functionalities.

Q: Are there any mechanisms in place to mitigate the effects of extreme price volatility on TWT's utility within the Trust Wallet ecosystem?

A: While market dynamics primarily drive TWT's price, its utility within the Trust Wallet ecosystem, such as fee reductions and staking rewards, can provide a stabilizing effect. Additionally, partnerships and integrations can create consistent demand, mitigating extreme volatility.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

19 ratings

Participate in evaluation
FX1009031290
The interface of TWT is not stable, often freezing and causing inconvenience in trading. The transaction fees are consistently high.
2024-03-24 18:12
8
Windowlight
Social finance at its best, TWT's utility is expanding rapidly.
2023-12-22 03:15
9
Ufuoma27
it is a coin that is stable and reliable. it's worth trading
2023-11-01 13:14
9
Dory724
Trust Wallet Token is widely known as a trusted wallet token. The main benefit of the token is that it offers discounts on various purchases made in the management and trust wallets
2023-11-02 00:04
7
FX1341388180
TWT wallet- pretty slick UI and robust security. But dang! with this high volatility, you've gotta have nerves of steel!
2023-10-31 23:05
3
HisokaYt
At the moment it is a very reliable wallet and a new token I like a lot it is easy to work on it
2023-07-24 16:34
0
Windowlight
TWT is a promising cryptocurrency project.
2023-11-07 01:36
2
FX1809251642
TWT is super safe and the regulation is amazing. The user interface is also intuitive and pleasant.
2024-03-11 00:57
7
Jenny8248
Its integration with the platform and potential utility for rewarding user activity make it an interesting token to watch within the broader cryptocurrency landscape.
2023-11-22 19:01
3
hardwork
Trust Wallet Token (TWT) is the native token of the Trust Wallet cryptocurrency wallet. TWT can be used to pay for transaction fees and to participate in governance on the Trust Wallet platform. This platform has helped me achieve a lot in the crypto world. Very easy to use
2023-11-06 20:40
1
yikks7010
probably the best wallet token I've seen. does well in both bull and bear seasons. HODL
2023-11-03 02:00
9
FX2790591993
good morning 🌄 I'm very happy to go this application this application legend
2023-12-02 14:11
3
Dazzling Dust
Trust Wallet is a commendable choice for managing your cryptocurrency assets. Its user-friendly interface, robust security features, and wide range of supported tokens make it a reliable option for both beginners and experienced users. The seamless integration with decentralized exchanges and decentralized applications further enhances its utility. However, it's essential to remember that, like any digital wallet, it's crucial to exercise caution and safeguard your private keys diligently to ensure the safety of your funds.
2023-10-22 04:49
7
daftsndrafts
easy exchanges and platform is great!
2023-08-24 16:06
6
FX3286983156
I LOST MY BITCOIN IN TRUST WALLET SOME SCAM TOKEN HAS STOLEN MY BITCOIN AFTER I ACTIVATE MY WALLET I ADD THE TOKEN IMMEDIATELY AFTER IT FINISH I FIND OUT THAT THE HAVE RWMOVE ALL MY BITCOIN COINS STAY AWAY FROM ADDING AIRDROP TOKEN TO YOUR ORIGINAL TRUST WALLET TO AVOID BEING SCAMMED
2021-09-06 04:42
0
BIT1183810213
Very sorry. It is the same story that we see repeated over and over again. Scammers have no shame and will keep repeating with new websites, offers and the like. You have learnt your lessons. Stay strong. Scam. Look at the title. Republic of Switzerland? Where is that? Switzerland is officially known as ‘the Swiss Confederation’. Fake certificate. Another scam. Stay away…
2021-08-13 07:46
0
AL DaLy
I love this coin very much and its platform ‎🌼
2022-11-23 20:19
0
wiwin ind
they have strong community and TWT can be a profitable investment option.
2023-01-14 05:06
0
jon3711
the best wallet for crypto
2023-03-09 19:28
0