Binance team member and American software Engineer Victor Radchenko developed the Trust Wallet and the Trust Wallet Token while working for Binance. This Trust Wallet Token price prediction explores the project and the price movements in 2022 as well as the years to come.
Victor Radchenko, based in Mountain View, California, had formerly held development and engineering positions at a number of software companies. When Radchenko saw that the app stores do not offer any open source wallets for Ethereum and ERC20 tokens, he moved his focus to the mobile cryptocurrency wallet market. Radchenko established Trust Wallet in 2017.
Radchenko continues to work on the platform as a member of the Binance team despite the fact that Binance purchased the platform in July 2018 for an unknown sum. Later in October 2020, Trust Wallet Token, which had previously been released as a BEP-2 asset on Binance Chain, underwent a new launch as a BEP-20 token on Binance Smart Chain. Although the whole Trust Wallet team is private, it is said to consist of around 20 people, several of whom share jobs at Binance.
Trust Wallet is one of the finest crypto wallets for new users and investors. Being an open-source, decentralized mobile wallet, it supports millions of assets and multiple blockchains. It also enables users to stake their cryptocurrency to earn interest. The wallet has been updated to handle popular cryptocurrencies like Bitcoin in addition to the initial tokens, which are ERC20 and ERC223 tokens.
Users of the wallet can purchase cryptocurrencies through the native DEX (decentralized exchange) running on the Kyber Network, with the help of its built-in Web3 browser. The Trust Wallet app also enables users to immediately access the numerous DApps, created on the Ethereum network.
The Trust Wallet Token, or TWT, is a BEP-20 utility token that offers a number of advantages and incentives to the users of the Trust Wallet. The online cryptocurrency wallet, namely Trust Wallet itself, supports dozens of well-liked native assets in addition to well-liked tokens on the Ethereum, Binance, and TRON blockchains.
The individuals holding TWT tokens have a number of advantages while utilizing this wallet, such as price discounts on in-app cryptocurrency purchases and access to decentralized exchange (DEX) services. TWT holders can also vote on Trust Wallet update proposals and participate in Trust Wallet governance, which allows them to influence the way of development of the app.
The user interface of the Trust Wallet is very clear and convenient to be downloaded and install on mobile devices. Users can download it from Apple Store or Google Play Store for free, making the site across 5 million active users to date. That is why they have secured a relationship with Binance, one of the biggest cryptocurrency exchanges in the world.
Trust Wallet does not charge any setup costs or monthly fees to its users for providing its services. As it is a soft wallet by nature, it cannot guarantee security as strong as hardware wallets. Still, the platform makes an effort to ensure that the client’s assets are secure. It gets routine audits through a popular security company Stateful.
Trust Wallet Token (TWT) Fundamental Analysis
The Trust Wallet Token is a utility token that is only useful to Trust Wallet app users as it serves no purpose outside the Trust Wallet ecosystem. Despite this, Trust Wallet Tokens can be transferred to any wallet that accepts Binance Smart Chain assets.
TWT can be used as payment for services or to exchange for other assets, being a BEP-20 asset. TWT has carried on to create value of its own as a speculative instrument. This is because it grants voting rights and governance over the growth of Trust Wallet and may also be used for reduced DEX trades and in-app purchases.
The Binance Smart Chain (BSC), a high-performance blockchain made for smart contracts and decentralized apps, observed the launch of TWT as one of the first coins (DApps). As a result, TWT transfers have extremely low fees and are confirmed almost immediately.
The Multi Cryptocurrency Wallet App uses Trust Wallet to safely store the community’s preferred cryptocurrencies on Android and Apple devices. It gives surety to users with an overall rating of 4.7 out of 5 that their digital assets are secure and confidential. All of the money and tokens are kept in the wallet’s single, secure mobile wallet.
The software supports more than 4.5 million assets and 65 different blockchains. A strong customer care staff is available to help users of the TrustWallet mobile wallet and may be reached through a ticketing system. Any trader who submits a request will receive a timely response from the customer support team. The basic functions of its wallet include:
- Facilitates purchase, exchange, and storage of a variety of cryptocurrencies.
- Keeps stablecoins in storage to reduce market turbulence.
- Helps users in earning interest in their wallet’s cryptocurrency easily.
- Store users’ privacy coins securely and privately.
- Enables the usage of credit cards to buy additional cryptocurrency.
- Allows quick swap or trade of assets.
The software uses various security features, including pin code scanning and fingerprint scanning, to offer an additional layer of security. As soon as the user signs up for the app, he should manually activate these measures by modifications from the “Settings” function. Users of Trust Wallet have the option of keeping their wallet keys on their personal computers instead of the Trust Wallet servers. As a result, users become solely responsible for safely storing private keys.
It does not keep any user data on its servers, as it is a non-custodial official crypto wallet app. Trust Wallet does not even ask for any KYC compliances from its users while setting up their accounts on the Trust Wallet app.
The Trust Wallet Platform enables the stake of Tron (TRX), Tezos (XTZ), VeChain (VET), Callisto (CLO), Cosmos (ATOM), Kava (KAVA), IoTeX (IOTX), TomoChain (TOMO), and Algorand. Cardano (ADA) and Ethereum (ETH) will also get onboarded. The Trust Wallet app includes built-in charts that let users see cryptocurrency prices without leaving the app. The relationship between Trust Wallet and Binance Smart Chain attracts users from all over the world, which is anticipated to spur the creation of more sophisticated and modern features for the mobile app in the future.
By integrating a 12-word recovery phrase at the time customers set up a wallet on their mobile devices, Trust Wallet addresses the backup issue experienced by the majority of wallets. In order to retrieve and regain access to the wallet in the event of an error, users are needed to write down these phrases. Hence, users must maintain them in a secure location.
How does Trust Wallet Token work?
The entire Trust Wallet Token (TWT) concept is based on governance activities, where TWT holders can take part in voting on crucial choices affecting the Trust Wallet app. These consist of new features, updates, and so on. The Trust Wallet Token (TWT), in contrast to many other cryptocurrency marketplace tokens, has no real value outside of the Trust Wallet ecosystem.
However, inside the Trust Wallet ecosystem, holders of the token can benefit from a range of discounts when purchasing cryptocurrencies. Users must accomplish a number of tasks in order to earn Trust Wallet Token (TWT), including quizzes, referral campaigns, trading & staking cryptocurrencies, and other in-app tasks.
Following are the key functions taking place on the Trust Wallet mobile app:
- Through their nodes, it serves as a bridge connecting various blockchain networks.
- The public key, sometimes referred to as the collection of public addresses, is unique to each blockchain network. These addresses are used to store and encrypt cryptocurrency.
- Users can manage their public addresses for sending and receiving cryptocurrency with the aid of Trust Wallet.
- Trust Wallet provides complete access to wallets to its customers and does not itself store any cryptocurrencies on its servers.
- It is a completely free program that doesn’t make any money when people use it.
- The validators or miners receive payment for all accrued gas fees (transaction processing fees).
- Users of the software can also carry out other crypto-related operations, including trading and staking.
Trust Wallet Token Tokenomics
Trust Wallet is a mobile-based cryptocurrency wallet used for trading, purchasing, and selling NFTs and cryptocurrencies while using TWT as its main token. TWT provides everyone a chance to use the Trust Wallet platform to hold and control their very own crypto asset, supported by the ecosystem. The current limit on the number of TWT tokens is one billion, while just a quarter of the total supply is currently in circulation.
The token distribution is split, such that forty percent of tokens go to user acquisition and thirty percent to the reserve shops. On the other hand, fifteen percent of tokens each are allocated to the developers and to the TWT community.
The Binance Smart Chain (BSC), a blockchain network, serves as the foundation for the Trust Wallet Token (TWT) by supporting smart contract-based cryptocurrency applications. The low BSC costs compared to other platforms and the lightning-fast confirmation speeds for transactions are a plus for all BSC-based coins. TWT, as a BEP-20 asset, exists primarily to benefit Trust Wallet users. The fact that it is based on the Binance Smart Chain (BSC) allows it to be exchanged for other cryptocurrencies or used as payment for services.
The founder thinks that TWT is proving to be beneficial because it informs its users about governance and the importance of voting and making decisions. In the broad world of cryptocurrency, he also thinks that Trust Wallet can develop the ideas of “adoption” and “education” for emerging technologies.
Trust Wallet Token Future Plans
They have admitted that they could not divulge their detailed roadmap yet. However, they had announced on their Twitter account that they would add many more features to the wallet, as per their user’s feedback & requests. Some of the features selected by them, according to public response, are adding a Web extension and providing a Hardware wallet. Others include ‘X’ Blockchain Integration, ‘X’ Staking, and ‘X’ NFT Integration.
Thanks for all your #AskTrustWallet questions so far!
A LOT of the questions were about adding a variety of new features to #TrustWallet.
So, let's go over your top requests…👇 https://t.co/GaMGArnJrn pic.twitter.com/itNDeooH1k
— Trust Wallet (@TrustWallet) July 21, 2022
Trust Wallet Token (TWT) Price Analysis
The Trust Wallet Token price on July 27, 2022, is $0.92, with a trading volume of $37.5 million. The CoinMarketCap currently ranks it as number 85. It has a market cap of $385 million. Out of its total supply of one billion TWT tokens, it has a circulating supply of 416.65 million TWT coins.
Rank: 169
Trust Wallet Token Price Prediction – Crypto Academy
We predict the future prices of the Trust Wallet Token in the years 2022 to 2031 on the basis of the benefits it provides.
Trust Wallet Token Price Prediction 2022
We anticipate that the Trust Wallet Token’s price will reach at least $0.7 in 2022 based on historical pricing data for TWT. With an average trade price of $0.97, the TWT price can go as high as $1.3 as it is an open-source and decentralized mobile wallet.
Trust Wallet Token Price Prediction 2023
In 2023, the price of the Trust Wallet Token can be at least $0.9. With an average price of $1.3 throughout 2023, the Trust Wallet Token price can go as high as $1.8 by supporting more than millions of assets and several blockchains.
Trust Wallet Token Price Prediction 2024
According to our price and technical research, we predict the price of Trust Wallet Token to at least reach $1.2 in 2024. With an average selling price of $1.6, the TWT price might go as high as $2 due because its governance rights and voting for Trust Wallet update proposals are reserved for token holders.
Trust Wallet Token Price Prediction 2025
In 2025, the worth of a Trust Wallet Token is anticipated to be at least $1.5. The TWT price has a $1.8 average price during 2025 and a $2.3 maximum level by giving access to Ethereum-based DApps to its users.
Trust Wallet Token Price Prediction 2026
Trust Wallet Token price is anticipated to hit a minimum possible amount of $1.8 in 2026. According to our research, the TWT price could rise as high as $2.8 due to the convenient user interface of the Trust Wallet that can be downloaded from the Apple Store or Google Play Store for free. The average trading price can be $2.3.
Trust Wallet Token Price Prediction 2027
Our in-depth technical research on Trust Wallet Token indicates that in 2027, the price will reach at least $2.3. The price of a Trust Wallet Token can go as high as $3.6 due to the storage of stablecoins for reducing market turbulence, with an average trading value of $3.
Trust Wallet Token Price Prediction 2028
In 2028, we anticipate the worth of a Trust Wallet Token to be at least $2.8. The TWT price has a $3.5 average price during 2025 and a maximum level of $4.2 by helping users in earning interest easily in their wallet’s cryptocurrency.
Trust Wallet Token Price Prediction/Forecast 2029
Trust Wallet Token price can get the minimum level of $3.4 in 2026. Our research says that the TWT price could elevate as high as $4.8 by secure storage of users’ privacy coins, with an average possible price of $4.
Trust Wallet Token Price Prediction 2030
Our analysis of Trust Wallet Token’s historical price data shows that in 2027, the price may hit at least $5. The price of a Trust Wallet Token might be as high as $8 by introducing sophisticated and modern features to the mobile app, with an average trading value of $6.5.
Trust Wallet Token Prediction – Market Overview
Following are the TWT price predictions by various authority crypto websites.
Priceprediction.net
PricePrediction.net analysts expect the TWT price to reach a maximum level of $0.87 by the end of 2022. By that time, the average price of Trust Wallet Token (TWT) may be at the level of $0.79. Their experts and analysts consider it to be increasing in value with outstanding potential to reach new heights.
Their estimation through the five-year plan shows that the coin can effortlessly reach the threshold point of $3.70. They have also predicted a high surge in its price in 2030, reaching the maximum level of $26.62 by that year.
Wallet Investor
Wallet Investor analysts consider TWT to be a profitable investment. On July 27, 2022, one can get 103.06 TWT using $100. On the same date in 2027, the current $100 investment can be worth $215.3. Their forecasts show a long-term increase, with its price reaching $2.09 in the next five years. This would be a profit of +115.3% in five years.
Coin Codex
Coin Codex analysts estimate the TWT price to lie between $ 1.21 to $ 2.09 in 2024. In 2025 the price of TWT can range from $1.54 to $4.64. They predict for 2026, a minimum price of $1.98 and a maximum price of $10.28. Under the best circumstances, the price rise expected by them for 2024, 2025, and 2026 would be 113.67%, 373.98%, and 951.42%.
Digital Coin Price
Digital Coin Price analyses team predicted that the lowest price of Trust Wallet Token could be $1.37, and the highest price could be $5.32 in the future. The price one, three, and four years from now can be $1.51, $1.93, and 1.86, according to this website. They further predict the price for the next five, six, and seven years to be about $2.72, $3.35, and $4.15
Tech News Leader
According to Tech News Leader the Trust Wallet Token will go as high as $1.17 in a year and $3.89 in five years. There are significant chances for the price of Trust Wallet Token to increase to $25.18 in ten years. The worth of a Trust Wallet Token can be at the lowest possible price of $24.49 and a highest possible price of $28.36 during the period of eight to ten years.
How to Buy TWT?
You can easily buy Trust Wallet Token (TWT) on Binance at low costs and with high security.
Step 1: Create an Account.
You should buy the crypto you need on a Binance account. You need to login/sign up on the Binance app or internet site by the usage of your e-mail or mobile number. To get an account to trade for Trust Wallet Token (TWT), you will additionally have to verify your identification.
Step 2: Select a Payment Method.
After logging in/signing up for your account, you need to select a payment method for purchasing the required asset, Trust Wallet Token (TWT). Next, you need to click on the Buy Crypto link in the Binance website navigation. It will show methods available in the United States. You can choose stablecoins that include USDT or BUSD to buy highly compatible BTC coins.
An easier way for new customers to buy Trust Wallet Tokens is to deposit with any of the bank transfers or Visa and MasterCard. You can also use Binance’s peer-to-peer provider to instantly purchase Trust Wallet tokens from other consumers or use one of several alternative third-party marketing channels.
Step 3: Buy TWT
It takes one minute to order at the same price. Every minute, your order will be recalculated based on this live market price. You can check the number of new orders by clicking the refresh button. Finally, confirm your order and then deposit your TWT into your account or personal crypto wallet. You can also stake on Binance Earn or exchange for another crypto.
Frequently Asked Questions (FAQs)
Is TWT a Good Investment?
TWT is a good investment as it supports a large number of popular native assets.
Can TWT Reach $10?
TWT can reach $10 in the next nine to ten years due to its extra security layers, despite being a soft wallet.
Where to Buy TWT?
You can buy Trust Wallet Token on a top cryptocurrency exchange, such as Binance, BingX, CoinTiger, MEXC, and KuCoin.
Takeaways
- The Trust Wallet Token, or TWT, is a BEP-20 utility token that offers a number of advantages and incentives to the users of the Trust Wallet.
- The online cryptocurrency wallet, namely Trust Wallet itself, supports dozens of well-liked native assets in addition to well-liked tokens on the Ethereum, Binance, and TRON blockchains.
- Through their nodes, it serves as a bridge connecting various blockchain networks.
- The unique public key or the collection of public addresses stores and encrypts cryptocurrency.
- TWT is a good investment as it supports a large number of popular native assets.
- The TWT price can go as high as $1.3 in 2022.
- The price of a Trust Wallet Token can go as high as $3.6 in 2027.
- The price of a Trust Wallet Token might be as high as $8 in 2030.
- TWT can reach $10 in the next nine to ten years due to its extra security layers, despite being a soft wallet.
- You can buy Trust Wallet Token on a top cryptocurrency exchange, such as Binance, BingX, CoinTiger, MEXC, and KuCoin.