Trust Wallet Token Fundamentals
By reading the article “TWT Token Fundamentals” published in Adaas Investment Magazine, you will get acquainted with the Trust Wallet Token and how to buy TWT in general. This level of familiarity can be enough when you need educational information about this topic.
Table of Contents
Introducing Trust Wallet Token.
If you’ve ever been in the world of cryptocurrencies and blockchain, you’ve probably heard of one of the most popular wallets, the Trust Wallet. A wallet that is very popular among users due to its simple user interface, high speed, and support for most cryptocurrencies.
The TWT cryptocurrency is a native trust wallet token. In the official white paper, the Trust Wallet Token development team introduces this cryptocurrency as a tool to increase the chances and awareness of the Trust wallet community.
Introducing the Trust Wallet application.
Trust Wallet is a non-custodial and decentralized mobile wallet. This wallet is popular among both developers and users. One of the most important reasons for this popularity is the free and open access to software codes and also support for most popular blockchains such as Bitcoin, Ethereum, Solana, Binance blockchains, and all tokens based on these blockchains.
TWT tokenomic review.
The TWT token has been developed under two Binance blockchains with BEP-2 and BEP-20 standards to enable fast, cheap and safe transactions for its users.
TWT token supply
The Trust Wallet Token cryptocurrency has no limited supply and currently (September 2021) 1,000,000,000 TWT tokens have been distributed in the cryptocurrency market cycle.
Please note that 25% of tokens already have allocated to the Trust Wallet community through user rewards, marketing, and advertising processes.
What are TWT token usages?
The TWT token is a governance token used for decisions such as removing and adding support for various blockchains and other features of the trust wallet application.
Also, TWT token can be used as a payment method in decentralized exchanges and DAPPs transactions with lower-cost option for users. Users interested in investing in TWT tokens can also participate in processes such as staking or providing liquidity with TWT tokens to earn rewards as a side income.
TWT token roadmap review.
Unfortunately, the official roadmap for TWT cryptocurrency has not been published yet, and we have prepared only the most important goals for this token in the future.
For the TWT token, there are targets such as implementing a discount allocation program when using this token in decentralized exchanges or in-app payments. The use of TWT tokens for digital collection transactions is also on the agenda.
TWT cryptocurrency exchanges
To trade TWT token, users can use the following exchanges:
- PancakeSwap (V2)
- Binance DEX
Also, You can visit the TWT cryptocurrency profile at CoinMarketCap.com to view the latest updates from exchanges that support TWT token trading and check their inventory of TWT cryptocurrency through the following link.
How to buy or sell the TWT token?
As you can see, there are several exchanges that offer this token trading service. In this tutorial, due to the very low transaction cost and high speed of transferring tokens on the Binance smart chain platform, we have selected PancakeSwap Exchange for buying or selling the Trust Wallet Token tutorial.
All you have to do is enter the PancakeSwap exchange and after connecting your wallet, which contains the BNB token to buy the TWT token, search for the name of the TWT token in the Select a currency section and import it.
Finally, by entering the desired amount of BNB tokens, we can see the number of TWT tokens received and after confirming the specifications and transaction cost, we confirm the purchase or sell transaction.
The end words
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The TWT token is a governance token used for Trust Wallet platform decisions
– Liquidity Providing