Trust Wallet - logo
Trust Wallet Token
TWT
$0.99

Sector

Wallet

Exchange Debut

2022-07-31

Market Cap

413,185,776

Maxim Supply

Circulating Supply

416,649,900

Circ. Supply(%)

Trust Wallet - logo

Trust Wallet Token

TWT

Price

$0.99

Market Cap

Sector

Exchange Debut

413,185,776
2022-07-31

Volume 24h

High 24h

Low 24h

4303143
0.993047022037
0.94056998685

Change 24h

Change 7d

Change 30d

1.4323
-4.537
-1.8544

Maxim supply

Circulating supply

Circulating supply(%)

416,649,900

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Trust Wallet Token cryptocurrency:

 

Trust Wallet Token (TWT) is a prominent utility token offering multiple advantages and incentives to users of the Trust Wallet, which serves as a mobile cryptocurrency wallet supporting numerous native assets and tokens across various blockchains like Ethereum, Binance, and TRON. The fundamental analysis of the Trust Wallet Token cryptocurrency showcases a strong position with an overall score of 8.09 out of 10, demonstrating strong potential across a range of factors including social media presence, security, tokenomics, ecosystem development, team expertise, product utility, and strategic partnerships.

SOCIAL & MASS MEDIA: Score 8.04 out of 10

Trust Wallet Token impresses in the social media and public presence department, showcasing its ability to captivate followers and maintain high levels of activity across its social media platforms, scoring a perfect 10 for follower attraction and a 9.5 for the activities of its social media administrators. However, community engagement on these platforms seems to be a weak spot, scoring just 2 out of 10. The project has a robust presence in the media (9.2 out of 10) and a large following in chat groups (10 out of 10), indicating a thriving and expanding community.

AUDIT & SECURITY: Score 7.78 out of 10

On the security front, the Trust Wallet Token project is fundamentally sound, receiving a score of 8 out of 10 for audit results. Transparency of available information to the public can be improved as it scored a relatively lower score of 6.5 out of 10. The project also maintains good liquidity on exchanges, with a score of 8 out of 10.

TOKENOMICS: Score 6.85 out of 10

When analyzing the fundamental analysis of the Trust Wallet Token cryptocurrency, its tokenomics show room for improvement. The project is slightly inflationary, earning it a score of 6.5 out of 10, and the degree of centralization of its monetary mass remains a concern, scoring 5 out of 10.

ECOSYSTEM DEVELOPMENT: Score 8.36 out of 10

Trust Wallet Token shows a strong commitment to achieving its objectives, scoring 8 out of 10, and has plans for future developments (also scoring 8 out of 10), suggesting a robust and growing ecosystem.

TEAM & DEVELOPERS: Score 8 out of 10

The team behind Trust Wallet Token brings to the table a wealth of experience, earning a score of 7.5 out of 10. The team’s strength lies in its software development capacity, achieving a perfect score of 10 out of 10.

PRODUCT & UTILITY: Score 8.9 out of 10

The product’s utility is high, scoring 9.5 out of 10, and the utility of tokens in the ecosystem remains impressive at 8 out of 10. This underlines the fundamental analysis of the Trust Wallet Token cryptocurrency as being fundamentally robust.

PARTNERS & INVESTORS: Score 8.25 out of 10

Trust Wallet Token is backed by a good number of capable investors and high-quality partners, scoring 8 out of 10 and 8.5 out of 10, respectively. This reinforces the strength of the project.

Fundamental analysis of the Trust Wallet Token cryptocurrency – The final conclusion

Trust Wallet Token exhibits a strong position in the cryptocurrency market based on the fundamental analysis. It has a robust ecosystem, high product utility, and an experienced development team. However, improvements in tokenomics and community engagement on social media platforms could enhance its overall score. Despite a few areas of concern, its strong media presence, successful audits, and liquidity on exchanges suggest that the Trust Wallet Token holds promise as a potential investment. However, like any investment, risks must be carefully evaluated, including the project’s inflationary nature and the centralization of its monetary mass. Thus, the fundamental analysis of the Trust Wallet Token cryptocurrency indicates that while it has strong potential, prospective investors should closely monitor its progress, particularly in the areas identified for improvement.

What is Trust Wallet Token?

Introduction to Trust Wallet Token

The Trust Wallet Token (TWT) is a BEP-20 utility token associated with Trust Wallet, a mobile cryptocurrency wallet. TWT offers various benefits to its holders, including in-app cryptocurrency purchase discounts and participation in the app’s governance. Launched as a BEP-2 asset on Binance Chain, it was rebranded as a BEP-20 token on Binance Smart Chain in October 2020.

Fundamental Analysis of the Trust Wallet Token Cryptocurrency

TWT, as a utility token, brings additional value to users within the Trust Wallet ecosystem. As a BEP-20 asset, TWT can be transferred to any wallet that supports Binance Smart Chain assets. TWT holders can vote on Trust Wallet update proposals, avail discounts on DEX trades, and enjoy reduced costs for in-app purchases. Its potential for usage as payment for services, coupled with its governance rights, has led to the development of its speculative value.

Uniqueness of Trust Wallet Token

Trust Wallet Token stands out for its unique functionality and early adoption. It was among the first tokens launched on Binance Smart Chain (BSC), known for its high performance and suitability for smart contracts and decentralized applications (DApps). As a result, TWT transactions benefit from minimal fees and near-instant confirmation times, enhancing the overall user experience.

Fundamental analysis of the Trust Wallet Token cryptocurrency

Trust Wallet Token - TWT performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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