Binance’s Trust Wallet enables users to purchase, store, trade, and earn cryptocurrencies.
Trust Wallet Token (TWT) is based on Binance Smart Chain BEP-2 and BEP-20 cryptocurrency. It’s not an ERC20 token. TWT has a circulating supply of 1 billion. TWT, like BNB, has a significant token burning strategy in the future. They will burn millions of dollars worth of tokens to decrease the circulating supply.
It was released in April 2020 at a price of approximately $0.0065. Binance, the world’s largest exchange, bought Trust wallet is the main reason for the excitement.
Binance as a Brand is Valued
Trust Wallet Token’s price has increased 69.83 percent in the last week. Binance exchange now offers Trust wallet. The price rose 12.19 percent in the past day. It dropped 2.56 percent in only an hour.
That’s a huge gain for TWT investors. Trust wallet Token is a Binance product, therefore expect future improvements in trust wallet from Binance. Millions of people believe in Trust Wallet because of Binance’s brand, and its usage will grow as crypto becomes more mainstream.
The burning of TWT tokens will also assist boost TWT prices. Binance constantly aims to raise the value of its BNB coin. It has thousands of collaborations and hundreds of initiatives to boost BNB token use. So BNB value grows with time.
We hope Binance wants TWT prices to rise. They already have a strategy to burn TWT tokens to decrease the circulating quantity. If the demand for TWT tokens remains constant, the price will increase.
A 24-hour trading volume of $256,209,088 USD was recorded by CoinMarketCap for Trust Wallet Token today.