A brief history of Trust Wallet Token
Trust Wallet is a cryptocurrency wallet created in 2017 by Viktor Radchenko. In July 2018, Binance acquired Trust Wallet, making it the official wallet of the ecosystem.
Trust Wallet Token (TWT) was created in March 2020 to develop the community and attract new users. Initially TWT was launched on the Ethereum blockchain (ERC-20), then moved to Binance Chain (BEP-2), and in October became available on Binance Smart Chain (BEP-20). Since its launch, Trust Wallet Token has been a success and is an important part of the Binance ecosystem.
Purpose of Trust Wallet Token
TWT owners have a number of benefits and opportunities:
- Participate in voting on changes to the protocol and the addition of new functionality;
- Discounts on DEX services and in-app purchases of cryptocurrencies;
- Use TWT in DeFi projects;
- Encourage other users, thereby increasing their reputation.
Features of Trust Wallet Token
- More than 25% of TWT distributed in the Trust Wallet community for promotions, giveaways and events to attract new users;
- Binance has a very good reputation, and this is one of the important conditions for the success and longevity of any project.
Disadvantages of Trust Wallet Token
- The number of exchanges supporting TWT is limited;
- Trust Wallet Token is a relatively new project and is subject to high volatility. Part of the crypto community is questioning the potential of the token.