What is Trust Wallet (TWT )? Latest information about TWT Token

In the context of the rapidly developing Web3, the need to manage digital assets safely, flexibly, and conveniently is indispensable. Trust Wallet - the official decentralized crypto wallet of Binance is one of the most widely trusted tools today. What is Trust Wallet, how does it work, and what is the value of the TWT token? Let's explore the details with Allinstation in the following article.

What is Trust Wallet (TWT)?

Trust Wallet is a Non-Custodial wallet that allows users to store, send, receive, swap, and stake thousands of digital assets. Launched in 2017 and acquired by Binance in 2018, Trust Wallet now supports over 100 blockchains and millions of different tokens, including Non-Fungible Tokens.

Unlike custodial wallets, Trust Wallet gives users full control over their assets and private keys. With a user-friendly interface and diverse features, Trust Wallet has become a simple bridge to access the world of DeFi, Non-Fungible Tokens, Staking, and Web3.

How does Trust Wallet work?

Trust Wallet provides mobile applications and browser extensions that help users:

• Multi-chain Management: Integrated with over 100 blockchains like Ethereum, BNB Chain, Arbitrum, Optimism, Bitcoin,…
• DApp Web3 Access: Integrated DApp browser allows users to access and interact with DeFi applications like Uniswap, PancakeSwap, OpenSea,… directly in the wallet.
• Cross-chain Swap: Supports direct token exchange between blockchains through providers like 1inch, Binance DEX.
• No Login Required: Users can use the wallet with just a Seed Phrase, without storing personal data.
• Buy Crypto with Fiat: Supports purchasing over 40 cryptocurrencies with credit cards, Apple Pay, Google Pay through third-party partners.

• Token Name: Trust Wallet Token
• Token: TWT
• Blockchain: BNB Chain
• Contract: 0x4b0f1812e5df2a09796481ff14017e6005508003
• Circulating Supply: 416,649,900 TWT
• Max Supply: 1,000,000,000 TWT

Token Allocation

• 40% – Allocation for Users
• 15% – Developers
• 15% – Community
• 30% – Reserve Fund

Token Utility

• Governance: TWT holders can participate in decisions about supporting new blockchains, tokens, and product features.
• Discounts: TWT holders can receive discounts when buying tokens in the app and using DEX on Trust Wallet.
• Payment: TWT can be used to pay when sending Pull Requests to the Trust Wallet asset repository.
• DApp Review and Promotion: TWT can be used to incentivize developers working on DApps contributing to Web 3.0 development on mobile devices.
• Referral and Task Rewards: TWT can be used to reward users who have advertised Trust Wallet and contributed to the community.

Roadmap

Q1-2 2025

• Launch new onboarding process: combining user-friendly Web2 experience with self-custody.
• Expand crypto purchase options with fiat: support additional credit cards, Apple Pay, Google Pay, bank transfers.
• Integrate multiple major blockchains into Trust Wallet from first use, without manual addition.

Q3-4 2025

• Launch "Any token, any chain" feature: smooth cross-chain asset swap and management.
• Develop tool for discovering new tokens based on user preferences and needs.
• Update stablecoin utility: allow direct spending from "idle" stablecoins in the wallet.
• Enhance smart security layer: add fraud warning, malicious contract recognition.

Year 2026

• Deep integration of Solana ecosystem: support native applications and easier Solana NFT management.
• Develop "Trust Wallet Security Scanner": check smart contract risks before transactions.
• Expand TWT token governance functions: allow users to vote on blockchain, token, and future supported features.

Development Team, Investors & Partners

Development Team

Viktor Radchenko – Trust Wallet Founder

Before creating Trust Wallet in 2017, Viktor worked in software security development. He built Trust Wallet as a decentralized wallet solution that allows users to fully control their assets. In 2018, Binance acquired Trust Wallet, and Viktor continued to lead the project until 2022.

Binance Labs – Strategic Support Unit

After Trust Wallet was acquired by Binance, Binance and Binance Labs engineers directly participated in upgrading security, user experience, and blockchain integration. Currently, Trust Wallet operates as an independent project under the supervision of the community and global open-source developers. Decentralization and security remain at its core.

Investors

Binance is the strategic investor and owner of Trust Wallet. After the acquisition in 2018, Binance provided:

• Technical resources
• Global liquidity network
• Support in product and market expansion.

Partners

• 1inch, PancakeSwap, Uniswap: Collaborate to integrate DeFi protocols allowing token swaps directly in the app.
• CoinMarketCap & DappRadar: Provide real-time information about token prices and popular Dapps within the application.
• Ramp, MoonPay, Transak: Partners supporting crypto purchases with fiat via credit/debit cards/bank transfers.
• Binance DEX: Integrated decentralized exchange directly in the wallet.
• Solana, Polygon, Arbitrum, Optimism, Ethereum: Major blockchains natively integrated, users don't need to manually add RPC.
• Ledger, Keystone, SafePal: Support connection with hardware wallets to enhance asset security.

Summary

Trust Wallet is a robust and flexible decentralized wallet that helps users manage multi-chain assets safely and easily. With support from Binance, integration of major blockchains, staking capabilities, token swapping, direct crypto trading, and comprehensive DApp support, Trust Wallet is not just a storage wallet but a gateway connecting users to the entire Web3 world. It is a considerable choice for both newcomers and experienced investors.

This article is for informational purposes and is not investment advice.