Trust Wallet
TWT #205Project Safety Score: 68%
Updated 8 minutes ago& Market
Credibility
Behavioral
Mechanics
Distribution
Trust Wallet Token (TWT) is a utility token designed for use exclusively within the Trust Wallet application. It serves various purposes, including incentivizing users and facilitating participation in governance decisions related to blockchain support, token listings, and product features. TWT can also be used to pay fees for submissions to the Trust Wallet repository and offers discounts on decentralized exchange services and crypto purchases within the app.
Additionally, TWT is utilized within a marketplace for trading digital collectibles and for promoting and reviewing decentralized applications (DApps) to support Web 3.0 adoption on mobile devices. Users can convert TWT to BNB or ETH for network fees, and the token allows users to vouch for developers of products they like, contributing to the user reputation system within the Trust ecosystem.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Liquidity and market dynamics score 88 out of 100.
The project demonstrates strong liquidity and market activity, with an impressive volume-to-market cap ratio of 7.12%. The 24-hour trading volume of approximately $13.5 million indicates active trading, while its presence on 62 exchanges—of which 23 are rated green—further enhances accessibility for traders. This high score suggests a vibrant market environment for the asset.
Team credibility score 100 out of 100.
Trust Wallet scores exceptionally well on team credibility. With an asset age of over nine years, the project has established a solid reputation. The team is publicly identified and the quality of the whitepaper is rated highly, bolstering investor confidence. However, there is no audit data available, which could be a consideration for some investors.
Social and behavioral score 81 out of 100.
The social behavior score indicates a healthy community engagement. Although specific social analytics are not available, the project has a considerable Telegram following of over 665,000 members. The sentiment around the asset is overwhelmingly positive, with 100% positive reviews and no reported negative incidents. Verified social media accounts exist, but follower data is not available.
Contract mechanics score 96 out of 100.
The project excels in contract mechanics with a 96 score. The contract is verified and fully open-source, ensuring transparency. Key safety features are implemented, including locked balances and disabled mint authority, which enhances trust. However, the absence of a hard supply cap could lead to potential inflation, as only 42% of the total supply is currently circulating.
Inherent risks in the crypto space are important to note, especially for Trust Wallet. Despite its high scores in various safety buckets, the lack of a hard supply cap and under-circulating supply could present inflationary risks. Investors should remain vigilant and conduct thorough research before engaging with this asset.
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Prior: Trucker PathViktor Radchenko founded Trust Wallet in 2017 and previously co-founded Trucker Path in 2013. ([coinmarketcap.com](https://coinmarketcap.com/zh-tw/currencies/trust-wallet-token/?utm_source=openai))
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CoinMarketCap · 2023-04-17
- ✓High-quality whitepaper published in 2020.
- ✓Active and engaged community across multiple social media platforms.
- ✓Transparent tokenomics with a fixed total supply.
- ✗No hard cap on total token supply
- ✗Less than 50% of supply is circulating
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