What Is Trust Wallet (TWT)?
Trust Wallet is a crypto wallet that aims to allow its users to send, receive, and store digital assets and collect NFTs. The wallet seeks to enable its 25+ million users to access various cryptocurrencies by offering a dedicated crypto card that ensures privacy, security, and instant exchanges. The wallet seeks to ensure optimum safety by keeping hackers and scammers at bay. Through Trust Wallet, users can earn yield on the crypto assets held in their wallets.
In addition, Trust Wallet aims to enable its users to exchange digital assets in real time without the need to fill out forms or upload photos. As per the website, Trust Wallet does not collect any personal data, providing total privacy to the users. Moreover, the wallet functions as a browser for decentralized applications (DApps), letting users access these DApps without leaving the wallet.
Furthermore, Trust Wallet seeks to offer staking options to the users by providing an alternative source of income. To earn rewards, users can stake different crypto assets like BNB, TRX, XTZ, ATOM, LUNA, VET, ALGO, etc. Staking also helps users to participate in networking governance through decentralized voting. Trust Wallet is also integrated with multiple blockchain networks, including Ethereum, Bitcoin, Litecoin, Binance, etc.
TWT is the native cryptocurrency of Trust Wallet. The wallet uses TWT token to provide access to the crypto space and incentivize the users. TWT also aims to function as a governance token, giving the holders the right to vote on important decisions like new features, tokens, and support for the network. Besides, Trust Wallet uses TWT tokens to collect transaction fees from the users for activities like payments and accessing various DApps.
History of Trust Wallet (TWT)
Trust Wallet was cofounded by Viktor Radchenko and Maxim Rasputin in 2017. Radchenko is the CEO of Trust Wallet. However, the platform was acquired by Binance in July 2018. TWT has a maximum total supply of 1 billion tokens.
