Trust Wallet Token (TWT) had a market cap of $462.92 million at press time, and this indicates its upward trend in the market. Being at a price and trading volume increase, TWT is becoming one of the promising utility tokens in the BNB ecosystem. This encourages the interest of the investors, who are optimistic about its future, due to its upcoming utility roadmap.
TWT Surges 36% as CZ Unveils Expansion and Utility Roadmap
Trust Wallet Token (TWT) has experienced a massive surge, climbing by 36.55% in just 24 hours, reaching $1.10 from $0.80. The sharp rise comes after Binance’s co-founder, CZ, shared insights into the token's growth and future. The dramatic price increase has sparked FOMO trading, pushing the token to a high of $1.23 before stabilizing at $1.10. With daily trading volume skyrocketing by 25x to $340 million, the move has generated immense excitement within the BNB Chain ecosystem.
TWT began as an experimental project, according to CZ, with the initial concept being simple. The fully diluted valuation (FDV) grew quickly, leading to a decision to burn 99% of the token supply. Despite this, there were not many use cases, leaving the token’s value somewhat stagnant.
Now, however, Trust Wallet is expanding TWT’s utility with a detailed roadmap set to roll out over the next six months. The first phase of this utility is expected to launch by the end of 2025, and it's aimed at increasing the token's practical value for holders.
Source: Trustwallet
TWT’s Roadmap: Expanding Utility, Rewards and Governance
The trust wallet team is working on numerous benefits that the TWT holders will enjoy, such as a loyalty reward system. Users can get rewards by simply swapping and locking TWT. Fee discount system will also enable the Trust Wallet users to receive lower fees on different services, such as swaps.
Also, the Trust Wallet team is developing to make TWT easy to use as collateral in other decentralized finance (DeFi) systems. This would give even greater earned utility to holders.
The utility of the token will be applicable to the access to the services as well, where users will have access to the premium features of the service, including faster support and better tools.
Moreover, TWT will bring on board governance utility where holders will be voted on major decisions affecting the community and marketing. One vote will be given to each address, giving the users more control over the development of the platform.
TWT is a token that is stated as fixed supply on the BNB Chain, and no additional tokens will be minted because of the construction of a smart contract. Such shortage may inspire the additional desire to the token. TWT currently provides a variety of incentives in the Trust Wallet platform with 999.86 million tokens in circulation and 429.86 million tokens currently in circulation. These rewards are to encourage people to be more active in the community to achieve more engagement and interest.
