What Is Trust Wallet Token?

Aug 16, 2022
3 min read

This blog post will cover:

  • About Trust Wallet Token (TWT)
  • Where did Trust Wallet Token (TWT) come from?
  • What are the advantages of Trust Wallet Token (TWT)?
  • What are the disadvantages of Trust Wallet Token (TWT)?
  • How to buy Trust Wallet Token (TWT)?

About Trust Wallet Token (TWT)

TWT is a utility token of the Trust Wallet, a multicurrency mobile crypto wallet. It is a BEP2 and BEP20 token.

Mostly, it is used as an incentive for customers of the service. Apart from this, there are several other use cases for the token. It is used for governance. Anyone who is holding the token is allowed to participate in the Trust Token Governance Portal. It can also be used as payment for Pull Requests. DApps developers receive rewards in order to inspire them to contribute to the community. Affiliate and bounty program rewards go in the form of TWT too.

The token was minted and distributed for free. The price depends on users’ activity. However, as it is stated on the official website, the price is not the main focus of the team. They concentrate their efforts on developing the wallet.

Where did Trust Wallet Token (TWT) come from?

The idea of the project appeared in 2017 from the personal desire of Viktor Radchenko to have a comfortable way to manage his multiple ERC-20 tokens. He built the first application. Trust Wallet was launched in November same year. The application began to attract attention from a very early stage. By 2018 the team grew and was actively developing the application.

In 2020 Trust Wallet was recognized as the 6th most downloaded crypto app. Trust Wallet aims to increase awareness about cryptocurrencies and make them more accessible to more people. The team believes that the spread of the TWT token may help to achieve the goal.

What are the advantages of Trust Wallet Token (TWT)?

  • TWT token gives an opportunity to participate in governance.
  • Discounts for in-app purchases of cryptocurrencies.
  • TWT is used in DeFi projects.
  • Encourage people to join the crypto community.
  • Trust Wallet supports more than 1 million cryptocurrencies.
  • The application is easy to install and use.

What are the disadvantages of Trust Wallet Token (TWT)?

  • TWT is quite a new project, thus it may show high volatility.
  • The wallet account cannot be recovered with the help of support.

How to buy Trust Wallet Token (TWT)?

Trust Wallet and its token provide interesting features. If you want to get some TWT, the SimpleSwap crypto exchange is happy to help you. Please, follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select TWT in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Click the Exchange button.
  • Enter the Recipient's Address. Trust Wallet Token will be sent to this address. Be careful and make sure you use the correct address.
  • Create the exchange.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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