Trust Wallet Token (TWT): project review, recent developments, future events, community

Trust Wallet Token (TWT) is the useful network native token of Trust Wallet – the decentralized mobile hot wallet that facilitates the storage of cryptocurrencies and non-fungible tokens.

As the official crypto wallet of Binance, Trust Wallet currently supports 65 block chains including Bitcoin, Ethereum, Tron, and Ripple, along with over 4.5 million crypto assets and non-fungible tokens (NFTs) from top blockchains.

Trust Wallet Token, as a BEP-20 asset (built on Binance Smart Chain), is a utility token designed to provide additional value to users of the Trust Wallet mobile app. TWT can be used for payment services and grants voting and governance rights over the development of the Trust Wallet system.

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The implosion of FTX has made the “not your keys, not your coins” movement even more dangerous, driving crypto investors to decentralized exchanges (DEX), with Trust Wallet being one of the biggest beneficiaries.

While leading the call for investors to take full control of their cryptocurrencies, the Trust Wallet team has worked in tandem to support an influx of new users into its decentralized ecosystem.

On Monday, November 14, Trust Wallet announce Launch a browser extension for Google Chrome and Opera. The extension allows users to store, send, and receive cryptocurrency across all Ethereum Virtual Machine (EVM) and Solana chains.

Two days after the launch of the extension, the world’s largest crypto exchange by trading volume, Binance, Launched Binance Pay Trust Wallet integration. The Trust Wallet team later announce It was later announced that the same integration would work with Coinbase Pay.

This feature means that Binance users will no longer need to scan or enter a wallet address as their Trust Wallets will be among the direct withdrawal options. Additionally, there will be no additional cost on top of the blockchain gas fee for transactions.

Trust Wallet Token (TWT) is one of the biggest beneficiaries of the FTX implosion as the pressure for self-preservation has drawn users to the platform. TWT has skyrocketed, outperforming every other cryptocurrency as activity on the platform picks up.

User influx is marked by the jump in transactions on Trust Wallet. According to data from CoinMarketCapTrust Wallet recorded 24-hour trading volume of $19.3 million on the 11th, but rose to $607.4 million on November 13.

In the prevailing bear market, TWT has gained 105% in the past seven days, setting a new all-time high of $2.71 on November 17. Although TWT experienced a sharp correction, it is now trading at $2.37, up 9% in the last 24 hours.

Trust Wallet Token (TWT) price chart over 7 days. source: CoinMarketCap

TWT is one of a handful of cryptocurrencies in the green year-to-date (YTD). Year-to-date, the best-performing TWT in the category gained 210%. Trust Wallet Token is now ranked as the 44th largest cryptocurrency with a market capitalization of $935.5 million.

Year-to-date price chart for Trust Wallet Token (TWT). source: CoinMarketCap

Binance Pay integration is currently only available on the Trust Wallet Android app. However, the Binance team said that they are working to ensure that the integration for the iOS app will arrive “soon.”

Trust Wallet previously had one of the largest communities among decentralized exchanges, but has seen explosive growth in the past couple of weeks as users have called for self-custody of their cryptocurrencies.

As it continues to expand, the common theme is the excellent services provided by Trust Wallet. @revolut20 Writes;

I joke about how easy it is to self-book with Trust Wallet, another Twitter user, @bull_bnb Wrote;

Reply to the Trust Wallet Token (TWT) pool, NobleCoins Wrote;

Trust Wallet has already proven to be one of the best multi-chain DEX chains available being able to to more than 8 million assets. As the drive for self-preservation increases among cryptocurrency investors, the odds of Trust Wallet increase along with giving TWT the opportunity to become one of the largest crypto projects in the market.

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