Trust Wallet

Trust Wallet Token, or TWT, is the utility token of Trust Wallet, a widely used self-custody mobile and browser wallet. Trust Wallet was founded in 2017 and acquired by Binance in 2018, later becoming an independent entity. The wallet supports a large number of blockchains and is one of the most downloaded non-custodial wallets.

How TWT works

TWT is a BEP-20 token on BNB Chain, so it relies on that network for consensus and settlement rather than operating its own blockchain. Its stated functions are tied to the wallet application: governance participation in decisions such as which blockchains and tokens receive support, discounts on in-app services including swaps and purchases, and incentives distributed to users. Historically it was distributed through airdrops to wallet users rather than through a public sale.

There is no published maximum supply cap in the available data. Total supply is 1 billion TWT with roughly 417 million in circulation, and the project has carried out token burns over time that reduced the supply from its original figure.

Role in the ecosystem

TWT is one of the few tokens attached to a major consumer wallet rather than to an exchange or protocol. Its relevance is bound to Trust Wallet's user base and to how much of the wallet's functionality is actually gated behind or discounted by the token. The wallet itself is categorised in the account abstraction space as it has added smart wallet features, and the token appears within the BNB Chain and Energi ecosystems. Wallet tokens are also unusual in that the product's success does not automatically translate into token demand, since the application works perfectly well without it.