Review on Trust Wallet Token by David Olayide
TWT OF TRUST WALLET
If you happen to make use of the mobile cryptocurrency wallet storage called Trust Wallet then you might have an idea what the TWT is. Trust Wallet Token is a token provided by the wallet’s developers. Trust Wallet Token, is a utility token that can only be used within the app. This will be used to incentivize all Trust Wallet users.
TWT is a governance token that can be used by anyone who wants to take part in making decisions for adding new blockchain support, tokens and product features. The token can also be collected as fees for submissions to trust Wallet repository. Additionally, you get to enjoy discounts on DEX services and purchasing crypto within the app. You can equally trade out the token.
The token can also be converted to BNB or ETH, that can be used for Network Fees. TWT is a BEP2 and BEP20 token, so any wallet that supports the Binance Chain ecosystem can be able to receive it without complications. TWT was also one of the first tokens to launch on Binance Smart Chain (BSC) a high performance blockchain that was actually designed for smart contracts and decentralized applications
TWT has a circulating supply of 250,926,200 TWT coins. TWT can be transferred with extremely low fees and near-instant transaction confirmation times. These and more are the benefits of the token.
Pros
- TWT serves as an incentive for users of the Trust Wallet
- TWT is a utility token
- Fast transactions with TWT
- Very low fees
- Discount on DEX services
Cons
- No mining
