Trust Wallet
TWT
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91.07K
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Trust Wallet Token allocation
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Trust Wallet Info
Trust Wallet Intro
Trust Wallet is a popular, non-custodial, multi-cryptocurrency wallet that allows users to store, manage, and interact with a wide range of digital assets securely. Launched in 2017 by developer Viktor Radchenko, Trust Wallet quickly gained traction for its user-friendly interface and strong emphasis on privacy and security. It is known for supporting numerous cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and thousands of other tokens on various blockchain networks such as Ethereum, Binance Smart Chain, and more.
Trust Wallet gained significant prominence when it was acquired by Binance, one of the world’s largest cryptocurrency exchanges, in July 2018. This acquisition allowed Trust Wallet to integrate more seamlessly with Binance services, enhancing its ecosystem. However, even after the acquisition, Trust Wallet has maintained its status as a non-custodial wallet, meaning that users retain full control of their private keys and assets.
The wallet is highly versatile, supporting decentralized applications (dApps) and allowing users to access decentralized finance (DeFi) services, such as staking, liquidity pooling, and token swaps, directly within the app. It also features a built-in Web3 browser, enabling users to explore dApps, decentralized exchanges (DEXs), and NFT platforms without leaving the app.
Above are only for introduction, not intended as investment advice.
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Trust Wallet Token allocation
Q&A about Trust Wallet Tokenomics
Explore the tokenomics of Trust Wallet (TWT) and review the project details below.
What is the allocation for Trust Wallet (TWT)?
Trust Wallet Token (TWT) is both a utility and governance token that propels the functionalities of Trust Wallet, a prominent mobile cryptocurrency wallet. Users can employ TWT tokens to cover transaction charges, engage in governance discussions, and unlock special features in the Trust Wallet application. Out of the total TWT supply of 1 billion tokens, their distribution is:
- 40.00% is allocated to User acquisition
- 15.00% is allocated to Developers
- 15.00% is allocated to TWT community
- 30.00% is allocated to Reserve Wallet
What is the supply schedule for Trust Wallet (TWT)?
In 2018, the Trust Wallet team launched an ICO, but since the company was acquired by Binance, the ICO was canceled, and the money was returned to investors. TWT was first released on the Ethereum blockchain in March 2020 and has since been relaunched twice: first as a BEP-2 asset on Binance Chain and then as a BEP-20 token on Binance Smart Chain. About 89 billion TWT native tokens were burnt during this migration. The current maximum supply of TWT is set at 1 billion tokens, with around 350 million tokens in circulation. The remaining 650 million tokens have been allocated but have yet to be spent.
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