Investing.com – One of the smallest and cheapest currencies exploded in trading on Sunday as the market is still reeling from the stormy negative fallout from FTX and stock crashes.
In trading on Sunday, digital currency market losses widened to more than $250 billion, while jumping to nearly $2.5 trillion in a full year, from a November 2021 peak to $3.3 trillion dollars.
Confidence explosion
During these trading moments on Sunday, the price of Trust Walt exploded to $2.31 levels with a 24-hour trading volume of $465,249,163.
Trust Walt Coin’s rating on CoinMarketCap jumped to number 42, with a direct market cap of $961,242,931.
Trustwalt’s total circulating supply is 416,649,900 TWT coins and a maximum supply of 1,000,000,000 TWT coins.
The most popular cryptocurrency exchanges to trade and buy the Trust Wallet Token at the current price are Binance, MEXC, XT.COM, Phemex and Tapbit.
price evolution
At a time when the pace of cryptocurrency’s fall has accelerated, Trust Walt’s run has begun to jump from $1 levels on Nov. 9 to its highest price today at $2.31 levels, a 130% increase .
Confidence surged in 24 hours from $1.24 levels to $2.31 per symbol levels, up 86% during trading on Sunday.
Trust Walt has topped the list of top 100 cryptocurrencies by market capitalization since the beginning of the year, up 230% from levels near 0.7 cents, while up 110% in 90 days.
Trust Walt’s currency is up 130% in one month and 125% in sixty days, while its market value jumped close to $1 billion levels to advance to 42nd place among digital currencies.
What is Trust Wallet Token (TWT)?
Trust Wallet Token, or TWT, is a simple BEP-20 utility token that offers a variety of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular local assets.
In addition to popular tokens on the blockchain, Binance and TRON, according to company data released on CoinMarketCap.
TWT token holders unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and the use of decentralized exchange (DEX) services.
TWT owners can also participate in Trust Wallet management and can vote on Trust Wallet update proposals, which helps shape the development of the app.
The Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but relaunched as a BEP-20 token on Binance Smart Chain in October 2020.
Vision of the founders
Trust Wallet was founded by Viktor Radchenko in 2017 and is headquartered in Mountain View, California. Previously, Radchenko held development and engineering positions at several technology companies and also co-founded Trucker Path in 2013, the company behind one of the most popular trucking apps and logistics service companies.
Radchenko turned his attention to the mobile cryptocurrency wallet industry when he discovered that “app stores lack open source wallets for Ethereum and ERC20 tokens.”
Binance acquired the platform in July 2018 for an undisclosed sum, but Radchenko is still working on the platform as part of the Binance team.
The Trust Wallet team is not public, but is known to include more than 20 people, many with overlapping roles at Binance.
What makes the Trust Wallet code unique?
Trust Wallet Token is a utility token designed to provide additional value to users of the Trust Wallet mobile application – it has no benefit outside the Trust Wallet system.
However, as a BEP-20 asset, Trust Wallet Tokens can be transferred to any wallet that supports Binance Smart Chain assets, where they can be exchanged for other assets or used as payment for services.
Because it also grants voting and governance rights over the development of the Trust Wallet and can be used for discount DEX trades and in-app purchases, TWT has continued to develop its value as a speculative instrument.
TWT was also one of the first tokens to launch on Binance Smart Chain (BSC), a high-performance blockchain designed for smart contracts and decentralized applications (DApps). As a result, TWT can be transferred with very low fees and near lead times. immediate confirmation of the transaction.
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