Price of Trust Wallet Token (TWT) today
As of the latest data, Trust Wallet Token (TWT) is currently priced at $1.02 with a market capitalization of $418.04M. The 24-hour trading volume stands at $16.12M, The circulating supply of Trust Wallet Token is approximately 416.65M. The cryptocurrency has seen a 0.62% increase in value over the past 24 hours.
About Trust Wallet Token (TWT)
Trust Wallet Token (TWT) is the utility token of Trust Wallet, the official multi-currency crypto wallet of Binance. It offers market monitoring, integration with Binance DEX, deep integration with Binance infrastructure, staking interface, and a browser extension for dApps. The wallet supports over 160,000 assets and is compatible with 40 blockchains, allowing users to buy crypto with a credit card and exchange it within the wallet. Trust Wallet is available for iOS and Android, with plans for Mac OS, Windows, and Linux versions in the future.
TWT was launched on Ethereum blockchain in March 2020, later transitioning to BEP-2 on Binance Chain and BEP-20 on Binance Smart Chain. The token aims to engage wallet users and support community development through voting and incentives for dApp developers. Trust Wallet also features a DApp browser for seamless interaction with decentralized applications on Binance Smart Chain and Ethereum. Staking is available for select coins, offering up to 220% APR, with a calculator to estimate earnings.
Trust Wallet emphasizes security by storing keys on users' devices and providing a backup feature with a 12-word seed phrase. The project has undergone audits and maintains active social media presence for user support. Founded by Victor Radchenko, Maxim Rasputin, and Boris Butakov, Trust Wallet was acquired by Binance in 2018, with Radchenko continuing to lead the team of over 20 experts. Trust Wallet does not charge fees for storing or transferring cryptocurrencies, ensuring a user-friendly experience for crypto enthusiasts.
How does Trust Wallet Token work?
Trust Wallet Token (TWT) operates as a decentralized cryptocurrency that enables peer-to-peer transactions on the Trust Wallet platform. Built on the Binance Smart Chain (BSC) blockchain, TWT utilizes a proof-of-stake consensus mechanism to validate transactions and secure the network. TWT offers unique features such as low transaction fees, fast processing times, and enhanced privacy through encryption. Its decentralized nature allows users to have full control over their funds without the need for intermediaries, making it a secure and efficient way to transfer value. TWT can be used for various purposes, including staking, governance voting, and participating in decentralized finance (DeFi) protocols. Its versatility and potential applications across different platforms and industries make Trust Wallet Token a valuable asset in the rapidly evolving digital economy.
How to keep your Trust Wallet Token (TWT) safe?
To keep your Trust Wallet Token (TWT) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making it nearly impossible for hackers to access your funds. Additionally, platforms like Binance offer trusted security features such as two-factor authentication and withdrawal whitelists to further protect your TWT holdings. By utilizing these advanced security measures, you can ensure the safety of your Trust Wallet Token and have peace of mind knowing your assets are secure.
