TWT Soars Nearly 40% as Trust Wallet Reveals Plans to Add 100X Perps, Prediction Markets
The post TWT Soars Nearly 40% as Trust Wallet Reveals Plans to Add 100X Perps, Prediction Markets appeared on BitcoinEthereumNews.com. Trust Wallet revealed plans for new use cases for its TWT token, sending its price to levels not seen since January. The native token of Trust Wallet, TWT, surged sharply to its highest level since January after the team behind the self-custody crypto wallet revealed a new product roadmap, and plans to expand the token’s utility. In a Thursday blog post, Trust Wallet — a noncustodial wallet acquired by Binance in 2018 — released its TWT tokenomics “litepaper” describing how the token will be used across the wallet’s new product features, including trading, payments and earn products. The post states that new utility benefits for TWT holders will be rolled out in phases over the next six months. Following the announcement, TWT price jumped 38% to $1.23, a level last seen in January, per data from CoinGecko. TWT price chart. Source: CoinGecko Trust Wallet noted that its product roadmap includes perpetual futures markets with up to 100X leverage, as well as prediction markets. The litepaper also proposes that TWT holders who lock their tokens gain access to benefits such as airdrops, boosted staking yields, and transaction discounts, while all holders can secure a 10% cut on gas fees if paid with TWT. The token may also be used for paying transaction fees, and “may be usable as collateral” across supported DeFi protocols, though the team hasn’t specified which platforms yet. No Need to Reinvent the Wheel Speaking with The Defiant, Trust Wallet CEO Eowyn Chen explained that the wallet’s vision for advanced trading is to give users the “same powerful tools they expect from centralized exchanges, but in a fully self-custodial way.” Commenting on the planned integration of prediction markets, Chen told The Defiant: “For prediction markets specifically, we don’t intend to reinvent what others already do well. Instead, Trust…
The post TWT Soars Nearly 40% as Trust Wallet Reveals Plans to Add 100X Perps, Prediction Markets appeared on BitcoinEthereumNews.com.
Trust Wallet revealed plans for new use cases for its TWT token, sending its price to levels not seen since January. The native token of Trust Wallet, TWT, surged sharply to its highest level since January after the team behind the self-custody crypto wallet revealed a new product roadmap, and plans to expand the token’s utility. In a Thursday blog post, Trust Wallet — a noncustodial wallet acquired by Binance in 2018 — released its TWT tokenomics “litepaper” describing how the token will be used across the wallet’s new product features, including trading, payments and earn products. The post states that new utility benefits for TWT holders will be rolled out in phases over the next six months. Following the announcement, TWT price jumped 38% to $1.23, a level last seen in January, per data from CoinGecko. TWT price chart. Source: CoinGecko Trust Wallet noted that its product roadmap includes perpetual futures markets with up to 100X leverage, as well as prediction markets. The litepaper also proposes that TWT holders who lock their tokens gain access to benefits such as airdrops, boosted staking yields, and transaction discounts, while all holders can secure a 10% cut on gas fees if paid with TWT. The token may also be used for paying transaction fees, and “may be usable as collateral” across supported DeFi protocols, though the team hasn’t specified which platforms yet. No Need to Reinvent the Wheel Speaking with The Defiant, Trust Wallet CEO Eowyn Chen explained that the wallet’s vision for advanced trading is to give users the “same powerful tools they expect from centralized exchanges, but in a fully self-custodial way.” Commenting on the planned integration of prediction markets, Chen told The Defiant: “For prediction markets specifically, we don’t intend to reinvent what others already do well. Instead, Trust…
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