Trust Wallet Token

Trust Wallet Token (TWT)

$0.099028 USD (-5.25%)
0.00000527 BTC (-2.30%)
0.00340128 BNB (0.53%)
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  • Market Cap
    $24,848,656 USD
    1,323 BTC
    853,470 BNB
  • Volume (24h)
    $491,789 USD
    26.18097310 BTC
    16,891 BNB
  • Circulating Supply
    250,926,200 TWT

    Reported Circulating Supply

    250,926,200 TWT
  • Total Supply
    1,000,000,000 TWT

About Trust Wallet Token

Trust Wallet Token price today is $0.099028 USD with a 24-hour trading volume of $491,789 USD. Trust Wallet Token is down 5.25% in the last 24 hours. The current CoinMarketCap ranking is #336, with a market cap of $24,848,656 USD. It has a circulating supply of 250,926,200 TWT coins and the max. supply is not available. The top exchanges for trading in Trust Wallet Token are currently Hoo, MXC.COM, Hotbit, Bilaxy, and PancakeSwap. You can find others listed on our crypto exchanges page.

What Is Trust Wallet Token (TWT)?

Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.

Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.

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

Who Are the Founders of Trust Wallet Token

Trust Wallet was founded by Viktor Radchenko in 2017. Based in Mountain View, California, Radchenko previously held development and engineering roles at several tech firms, and also co-founded Trucker Path in 2013 — the company behind one of the most popular apps for truckers and logistics firms.

Radchenko turned his attention to the mobile cryptocurrency wallet industry when he found that “app stores did not have any open source wallets for Ethereum and ERC20 tokens.”

The platform was acquired by Binance in July 2018 for an undisclosed sum, but Radchenko still works on the platform as part of the Binance team. The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.

What Makes Trust Wallet Token Unique?

Trust Wallet Token is a utility token designed to provide additional value to users of the Trust Wallet mobile app — it doesn’t have any utility outside of the Trust Wallet ecosystem.

Despite this, as a BEP-20 asset, Trust Wallet Tokens can be transferred to any wallet that supports Binance Smart Chain assets, where it may be exchanged against other assets or used as payment for services. Since it also confers voting rights and governance over the development of Trust Wallet and can be used for discounted DEX trades and in-app purchases, TWT has gone on to develop value of its own as a speculative instrument.

TWT was also one of the first tokens to launch on Binance Smart Chain (BSC) — a high-performance blockchain designed for smart contracts and decentralized applications (DApps). As a result, TWT can be transferred with extremely low fees and near-instant transaction confirmation times.

Relevant Pages

Binance Coin (BNB) is the cryptocurrency that powers the Binance Smart Chain.

Read about Crypto.com Coin (CRO).

Learn how to use a Bitcoin Wallet with CoinMarketCap Alexandria.

Stay on top of the market with the CoinMarketCap blog.

How Many Trust Wallet Token (TWT) Coins Are There in Circulation?

As part of the transition to Binance Smart Chain, 99% of the original TWT token supply was burned and the new maximum supply was set at 1 billion TWT — of this, just over a quarter is currently in circulation.

The circulating supply of TWT will gradually grow as TWT tokens are earned by Trust Wallet users for completing various tasks, such as by participating in referral campaigns, taking quizzes and completing tasks within the app — like cryptocurrency staking and trading.

As per the official source, 40% of the TWT token supply will be targeted towards user acquisition, 15% will be distributed to the Trust Wallet community, 30% will be held in reserve and 15% is allocated to developers. As of October 2020, Trust Wallet has not yet published the full tokenomics or emission schedule for the Trust Wallet Token.

How Is the Trust Wallet Token Network Secured?

Based on Binance Smart Chain, the Trust Wallet Token is backed by a rigorously tested proof-of-stake (POS) consensus mechanism. This is used to protect the network against a range of potential threats, including 51% and Sybil attacks.

It’s also protected by a generous bug bounty program operated by Binance, which pays up to $10,000 in BNB to anybody that discovers a vulnerability on Binance Chain and its core smart contracts.

Beyond this, as a BEP-20 asset, TWT is secured by the security of the wallet software used to manage it. For Trust Wallet, this includes a passcode security lock and a 12-word recovery phrase.

Where Can You Buy Trust Wallet Token (TWT)?

Trust Wallet Token is available to purchase and trade on a variety of platforms — including both centralized and decentralized exchanges. MXC and Binance DEX are among the most liquid exchanges for TWT. The token is currently tradable against a range of other cryptocurrencies, including Tether (USDT), Bitcoin (BTC) and Binance Coin (BNB).

Looking to buy cryptocurrencies like Trust Wallet Token with fiat? Find out how here.

Trust Wallet Token Price Today
Trust Wallet Token Price$0.099028 USD
24 Hour High / Low
$0.105126 USD /
$0.095462 USD
24 Hour Volume$491,789 USD
Market Cap$24,848,656 USD
Market Rank#336
Trust Wallet Token Price Yesterday
Yesterday's High / Low
$0.105556 USD /
$0.096685 USD
Yesterday's Open / Close
$0.104447 USD /
$0.099071 USD
Yesterday's Change$-0.005376 USD (-5.15%)
Yesterday's Volume$400,956 USD
Trust Wallet Token Price History
7 Day High / Low
$0.108362 USD /
$0.095462 USD
30 Day High / Low
$0.118686 USD /
$0.066998 USD
90 Day High / Low
$0.185179 USD /
$0.020510 USD
52 Week High / Low
$0.185179 USD /
$0.006478 USD
All Time High
$0.185179 USD
(Oct 11, 2020)
All Time Low
$0.006478 USD
(Jul 31, 2020)
Trust Wallet Token ROI
1,390.63%
Trust Wallet Token Supply
Circulating Supply250,926,200 TWT
Total Supply1,000,000,000 TWT
Max SupplyNo Data
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