Coinspeaker Much-anticipated Trust Wallet Launchpool Goes Live

After so much anticipation, the first-ever Trust Wallet Launchpool is now live. The team behind the protocol announced the debut on Telegram on October 15, urging the public to participate. As a result of this new development, users can now lock their Trust Wallet Token (TWT) and Lista Staked BNB (slisBNB) to earn rewards and exclusive project tokens.

In the meantime, the rewards are issued in the form of WHY tokens. Users are also guaranteed a secure, user-friendly, and decentralized environment for their transactions. This feature came into the limelight two months after the platform launched task-oriented Trust Wallet Quests. Here, users can earn points while learning about Web3 and interacting with Trust Wallet features.

Trust Wallet Helping Users to Diversify Portfolio 

According to the Telegram announcement, users begin to earn as soon as they lock their tokens. Therefore, early adopters have a higher chance of getting a higher WHY reward. Based on the partner token designated to a campaign, users can acquire new tokens from both pre-launch and launched token projects. 

The new development serves two purposes amongst many others. It is a way for Trust Wallet users to diversify their portfolios while supporting innovative ventures with minimal risk. Ultimately, this goes a long way in boosting the growth of the Web 3.0 ecosystem. This latest addition makes Trust Wallet the first self-custody wallet to provide launchpool opportunities to its users. 

Eowyn Chen, CEO of Trust Wallet, mentioned that Launchpool’s debut is focused on empowering industry projects to build and better engage on-chain communities. 

“We also want to enable our users to better discover, engage, and thrive with such projects. There have been successful launchpool experiences found on exchanges, but we see an opportunity to do it in a more decentralized and secure way, directly with an on-chain community and userbase,” Chen stated.

Furthermore, she highlighted that the new feature aligns with its mission of building a more inclusive Web3 ecosystem and giving back to the community. 

Nate Zou, Head of Product at Trust Wallet, noted that the “Trust Wallet Launchpool is a natural evolution of our commitment to our community. We want to provide our users with more ways to engage with Web3 opportunities while offering our partners a sustainable method to grow their user base and strengthen their community.”

Per the update, a total of 4.2 trillion WHY tokens are up for grabs as rewards.

Binance Announce Scroll as Its 60th Launchpool Project 

One of the most-talked-about launchpools in the cryptocurrency industry is that of the Binance exchange. 

Four years ago, the leading digital asset service provider released its product Launchpool. It aims to offer users a secure way of farming new assets and acquiring token rewards in return for staking BNB, BUSD, and other tokens. Bella Protocol (BEL) earned the title of the first project on Binance Launchpool. 

The latest project, which marks the 60th, on Binance Launchpool is Scroll (SCR). Between the first and the latest, the trading platform has hosted Flamingo Finance (FLM), Venus (XVS), BENQI (QI), and Ethena (ENA) among others.

next

Much-anticipated Trust Wallet Launchpool Goes Live