TWT, the local token of Trust Wallet, a mobile application-oriented cryptocurrency wallet, has gained popularity in a short time. Trust Wallet Token (TWT) is used in both BEP-2 (Binance Chain) and BEP-20 (Binance Smart Chain) standards.
Trust Wallet currently supports more than 250,000 assets and more than 33 blockchains. From this point of view, it appeals to a large audience. The Android version of the application also has a settling DEX. Trust Wallet joined the Binance ecosystem in 2018. As a matter of fact, it is currently being used as the official crypto wallet of Binance Smart Chain (BSC).
It is integrated with other DEX such as Trust Wallet, Pancake Swap, Uniswap or Binance DEX. Thus, users can buy, stake and trade crypto assets using a single interface.
What is a Trust Wallet Token? How Does It Work?
TWT owners have the opportunity to participate in the making of important decisions in the wallet application. With a simpler definition, it is used for “governance activities”.
These include topics such as upcoming updates and new features. Unlike many other tokens, Trust Wallet Token (TWT) has no real value outside of the ecosystem. As a matter of fact, those who hold the token in the Trust Wallet universe can take advantage of various discounts when buying crypto money.
In order to earn Trust Wallet Token (TWT), users must complete various tasks, which may include tests, recommendation campaigns, cryptocurrency trading and staking, and other in-app tasks.
How Much is the TWT Supply?
Finally, the Trust Wallet Token supply has been set at 1 Billion. However, the circulating supply is 1/4 of the total supply. The token distribution is as follows:
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