Summary
The Trust Wallet Community and users collective proposes to the Venus Community the addition of TWT to Venus protocol Core Pool. This move aims at creating an additional use case for TWT Holders where they can stake their tokens in a safe place to earn yield as well as allow Venus users to gain more exposure to TWT to take advantage fully of all the amazing synergies between us.
Here is the core info on why TWT token will strengthen Venus and TWT.
Background
About Trust Wallet
Used by over 60 million people worldwide, Trust Wallet is an easy-to-use, multi-chain self-custody wallet that allows you to securely store and manage over 9 million crypto assets, including NFTs, across 70 blockchains.
All of Trust Wallet (TWT) contracts have been successfully audited.
About TWT
Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.
More than 325,000 holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.
Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but was relaunched as a BEP-20 token on Binance Smart Chain (Now BNB Chain) in October 2020.
Benefits
It’s a worthwhile opportunity for TWT holders to be able to stake their TWT tokens and borrow any other supported assets on Venus without the need to sell them to acquire another asset. User’s staking their TWT Tokens on Venus will also earn a yield generated by users borrowing their tokens. In this way, users will have the possibility to earn instead of being only passive holders and will be able to borrow over 20 different assets on Venus core markets.
Specifications
Token Address: 0x4b0f1812e5df2a09796481ff14017e6005508003
Liquidity on DEX’s: Over $2.4M
Market cap: $370M
Additional Informations
Website: https://TrustWallet.com/
Github: Trust Wallet · GitHub
Social Media: https://twitter.com/TrustWallet
Twitter: https://twitter.com/TrustWallet
Telegram: Telegram: Contact @trustwallet
Community page: https://community.trustwallet.com/
YouTube: https://www.youtube.com/c/TrustWallet
Instagram: https://www.instagram.com/trustwallet
Facebook: Trust Wallet
