Trust Wallet Token (TWT) is the utility token of Trust Wallet, a popular self-custody crypto and Web3 wallet. The TWT token was initially designed as a BEP-2 token on the Binance Chain and was later relaunched as a BEP-20 token on the Binance Smart Chain, now BNB Chain, in October 2020. It also exists on the Solana blockchain as an SPL token.

The decentralized wallet supports more than 4.5 million digital assets across 65 blockchain networks as of December 2022. It lets users store and swap cryptocurrencies on its platform and even buy crypto using their credit cards.

In addition, the high-security non-custodial crypto wallet lets users convert their crypto holdings to stablecoins in times of high market volatility. The interface is a convenient way for holders to earn passive income on their cryptos, letting them earn attractive interest simply for holding crypto in their wallets. Users can also store non-fungible tokens (NFTs) in Trust Wallet as it supports ERC-721 and ERC-1155 tokens in its platform.

Trust Wallet is available for download as a mobile app on iOS and Android smartphones and can also be installed as a browser extension on Google Chrome. As of November 2022, the platform has more than 10 million daily active users who access its services to store and manage their cryptocurrencies and interact with Web 3.0 technologies and decentralized applications (dApps).

Trust Wallet was minted and distributed for free to all users who held accounts on Trust Wallet. The platform distributed the tokens through referral campaigns, rewards for participating in quizzes, tips for helping other users, and performing actions such as staking and trading digital assets on the wallets interface.

Governance Token

Trust Wallets native token TWT also serves as its governance token, giving token holders voting rights and a say in the governance of the non-custodial wallets ecosystem. TWT token holders can vote on proposals regarding future upgrades, the addition of new products and services, which tokens and blockchains to support on the wallet, and more.

Discounts on Transactions

In addition to empowering users with voting rights and participation in governance, Trust Wallet also offers discounts on crypto purchases on its platform to TWT holders. Token holders can enjoy discounts when buying crypto from trusted vendors with which Trust Wallet has partnered.

Users can pay transaction fees using the Trust Wallets native token, TWT. The fees paid using TWT would be cheaper on the platform. You need to hold a minimum of 100 TWT tokens to enjoy discounts on services within the digital wallet.

Incentive Token

It is also used as an incentive token on Trust Wallet, distributed as rewards to dApp developers and as affiliate and bounty rewards.

Trust Wallet was founded by Viktor Radcheko in November 2017, two months after he came up with the idea for the project. The initial mobile app allowed users to send and receive ETH and ERC-20 tokens on the Ethereum blockchain.

The wallet was acquired by Binance and joined the Binance ecosystem in July 2018, making it the first acquisition by the leading cryptocurrency exchange. Trust Wallets technology was used to develop a secure, on-chain crypto wallet that could support Binance services.

The Trust Wallet Token (TWT) was developed as the decentralized wallets utility token as a BEP-2 token on the Binance Chain in March 2020. In October 2020, the Trust Wallet and its token were integrated into the Binance Smart Chain, now BNB Chain, when the TWT was issued as a BEP-20 token on the blockchain.

In November 2020, TWT was issued as an SPL token on the Solana blockchain. The TWT token was also listed in the Binance Innovation Zone in January 2021, where users could acquire and trade the token.

Although it is impossible to offer an accurate Trust Wallet Token price prediction, several factors could contribute to volatility in the TWT token price. Let's look at the leading reasons:

Adoption of Trust Wallet

As the number of users of Trust Wallet picks up, there could be a rise in the number of users investing in and holding the TWT token. The increased on-chain activity could result from more users looking for self-custodial wallets or using Trust Wallet accounts as their gateway to the Web3 market. Both factors could support the price of Trust Wallet Token.

Market Sentiment

The crypto market sentiment is essential in determining the TWT price action. Bullish sentiment or risk-on mood increases buying and trading activity in the crypto market, driving higher use of platforms like Trust Wallet and keeping its native tokens price supported. On the other hand, bearish sentiment or a risk-off mood among investors keeps them away from the market, reducing the price of TWT tokens.

Support for New Blockchains, Assets, and dApps

As the Trust Wallet infrastructure expands to support more blockchains, crypto assets, and various dApps, more users could sign up to use its services, supporting the price of the Trust Wallet Token. As the developers of the Web3 wallet add more functionalities and features to the wallet, increasing its efficiency and ease of use, we could see higher interest among crypto investors in signing up to use Trust Wallet in the future.

The TWT crypto functions as the utility token of the Trust Wallet decentralized cryptocurrency wallet. Here are some of its most popular use cases:

Utility Token

The native token of the Trust Wallet provides its holders exclusive benefits within the wallets ecosystem. Trust Wallet users holding a minimum of 100 TWT enjoy discounts on transaction fees when buying or swapping crypto.

Governance Token

TWT holders using the Trust Wallet enjoy voting rights on proposals for future wallet upgrades. In addition, they also have a say in which blockchains and crypto assets can be added to Trust Wallet in the future.

Incentive Token

Trust Wallet distributes TWT tokens to reward dApp developers who work on dApps that drive up the adoption of Web3 services. It is also used to offer affiliate and bounty rewards among users.

Crypto Asset to Trade and HODL

You can trade Trust Wallet Token against other digital assets in the crypto market to profit from changing market conditions and volatility. Buy or sell TWT against other cryptocurrencies, or hold it long-term if you believe in the future potential of Trust Wallet. Review the price of Trust Wallet Token today, market cap, circulating supply, 24h volume, and the latest crypto news before trading TWT.

Earn Passive Income

You can stake TWT on supported exchanges and platforms to earn attractive interest and grow your crypto portfolio safely. Staking TWT is a convenient way to increase your crypto holdings risk-free and safely and is a valuable strategy for HODLers.

Follow the steps below to add a custom token to Trust Wallet:

1. Search for the token's information online, including its name, ticker, and contract address. Copy the contract address from here.

2. Open the Trust Wallet app and set up your account. Click on the Search icon at the app's top and select the Add Custom Token option at the bottom of this page.

3. Enter the blockchain network on which this token is supported, paste the copied contract address, and add other details, such as the token's name and symbol.

4. Click Save to confirm and add this custom token to your Trust Wallet account.

Trust Wallet lets you swap supported tokens from its interface directly without using an exchange as an intermediary. Here's how you can swap tokens on Trust Wallet:

1. Set Up Trust Wallet Account: Set up your Trust Wallet account and fund it with cryptocurrency.

2. Head to Swap Function: On your main wallet page, click the Swap option. Select the token you wish to swap in the first box and enter the amount you want to swap.

3. Select the Tokens You Wish to Swap: Enter the name of the token you wish to swap for in the second box. Review the number of tokens you will receive for this crypto asset once you perform the swap.

4. Review and Confirm Swap: Click on Preview Swap to view more details of the swap, such as quote, maximum slippage, and transaction fees. Click on Confirm Swap after you review all details. A few minutes after your swap is processed, your Trust Wallet account will be funded with the new tokens you have swapped for.