Trust Wallet Token (TWT) is a utility token that will be used to incentivize all Trust Wallet users. The goal of the Trust Wallet team is to make cryptocurrencies more accessible. By distributing TWT, it will help spread awareness and gives everyone a chance to own their very first crypto. The token is available in both Binance Chain and Binance Smart Chain. The Trust Wallet development team has also launced TWT on the Solana blockchain as a SPL token.
TWT is a governance token that will be used by anyone who wants to take part in making decisions for adding new blockchain support, tokens and product features. Holding TWT will allow anyone to participate in the Trust Wallet Governance Portal.
TWT can be used as payment for submitting Pull Requests to the Trust Wallet Asset repository. Paying with TWT is the preferred token as it is the cheaper option.
DApp reviews and promotions to incentivize developers to work on DApps that contribute to further adoption of Web 3.0 on mobile devices.
Affiliate and bounty rewards that will help in further distribution of TWT to more users.
Waive fees when purchasing crypto within the app.
Future plans for TWT are as follows:
Discounts on DEX services.
Collectible Marketplace, anyone interested in trading, selling or buying digital collectibles can utilize the token in a user-friendly environment.
Vouching and User reputation, users will be able to vouch for developers of products they enjoy to show the quality of the product to the rest of the Trust Ecosystem.
TWT was minted and distributed for free. The price of the token depends on the users who trade them on exchanges. The holders of the token decide on what is its inherent value. You can send them to your friend or you can even trade them with any other asset. It is a BEP2 and BEP20 token, so any wallet that supports the Binance Chain ecosystem can be able to send/receive it.
The price of the token is not something that the team is focused on. Instead, we are working on further improving the Trust Wallet app and utility of the token.
Several cryptocurrency exchanges have already listed TWT on their platform. Always make sure that the exchange supports TWT before you send it.
- Referral campaigns
- Earn by taking quizzes
- Tipping by helping other users.
- Doing tasks within the app like staking, trading, etc.
TWT tokens will be allocated to all users of Trust Wallet. It can be old and new users, as well as developers. Everyone gets a piece of the TWT supply.
- Reserve Wallet - 30%
- New User Acquisition - 8.3%
- Developers - 15%
- Community Rewards for Existing Users - 12%
More than 25% of the TWT tokens are already distributed to the Trust Wallet community via promotions, giveaways or user acquisition events.
- TWT BEP2 has been officially listed on Binance DEX. See announcement here.
- Binance has listed TWT in the Innovation Zone and will open trading for TWT/BTC, TWT/BUSD and TWT/USDT trading pairs at 2021-01-27 8:00 AM (UTC).
- You can trade TWT BEP2 and BEP20 via built-in DEX of the Trust Wallet app.
- PancakeSwap has enabled trading of TWT BEP20. Check out this guide.
Stay tuned for further announcements.
Note: This is still subject to revision.