Introduction to TWT (Trust Wallet Token)
TWT is the native utility token of Trust Wallet, a leading mobile cryptocurrency wallet acquired by Binance in 2018. Launched on April 26, 2020, TWT has a total supply of 100 billion tokens, with approximately 41.66% currently circulating (416.65 million TWT as of latest data).
Key Features of Trust Wallet
- Open-source, secure mobile wallet for Ethereum and multi-chain assets
- Supports 20,000+ ERC-20, ERC-223, and ERC-721 tokens
- Integrated decentralized exchange (DEX) functionality
- Non-custodial design with user-controlled private keys
TWT Token Utility and Benefits
Primary Use Cases:
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- Governance participation: Vote on wallet features and token decisions
- Fee discounts: Reduced rates for DEX trades and crypto purchases
- Conversion options: Swap to BNB or ETH for transaction fees
- User incentives: Earn rewards for ecosystem contributions
Market Performance and Statistics
- Current price: $1.99 (24-hour change: -3.41%)
- 24-hour trading volume: $48.7 million
- Market cap: $830.9 million (ranked #182 globally)
- All-time high: $2.734 (November 14, 2022)
- All-time low: $0.002803 (June 10, 2020)
Tokenomics Breakdown
| Metric | Value |
|---|---|
| Total Supply | 100,000,000 TWT |
| Circulating Supply | 416,649,900 TWT |
| Circulating Ratio | 41.66% |
| Fully Diluted Market Cap | $1.99 billion |
Development Team and Background
Founded by Viktor Radchenko, a security engineer with decade-long development experience:
- Previously built iOS/Android applications
- Created Trust Wallet in 2017 to simplify crypto adoption
- Acquired by Binance in 2018 for ecosystem expansion
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Frequently Asked Questions (FAQs)
1. Where can I buy TWT tokens?
TWT is available on 13 major exchanges including Binance. Always use reputable platforms for transactions.
2. How does TWT maintain its value?
The token derives value from its utility within Trust Wallet's ecosystem, including governance rights and fee discounts that create consistent demand.
3. Is Trust Wallet safe for storing cryptocurrencies?
Yes, as a non-custodial wallet, it provides bank-grade security with user-controlled private keys and regular security audits.
4. What makes TWT different from other wallet tokens?
Its tight integration with Binance ecosystem and focus on decentralized governance sets it apart from competitors.
5. Can I stake TWT to earn rewards?
While TWT itself isn't a staking token, it provides access to discounted services that can enhance yield-generating activities.
6. What's the long-term vision for TWT?
The team aims to position TWT as the primary governance token for decentralized wallet infrastructure across multiple blockchains.