Topic: The pump of Trust Wallet Token (TWT) (Read 220 times)
It pumped and did a little bit of a correction. I had some in my wallet which I sold off some months ago during the deep bearish days. Ah, crypto can really be harsh as usual
legendary
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Trust Wallet Token has a list use case in the cryptocurrency industries, which the price that spake from 1.02 - $2.7 was a result of the usefulness of the platform, in time coming TWT Coin we moved more than expectation, and this price range is good long term investors.
I think that trust wallet has the same usefulness like any other wallet in the crypto industries but the only thing that makes it different is if trust wallet officially supported by binance and cz's tweet has been giving a huge impact to the price of TWT caused by he was shilling for TWT.Man you can see bunch of wallet have the same feature as trust wallet and i see no reason for me to think that if trust wallet was a good wallet compared with another wallet.
Glad trust wallet has cz behind it.
Trust Wallet Token has a list use case in the cryptocurrency industries, which the price that spake from 1.02 - $2.7 was a result of the usefulness of the platform, in time coming TWT Coin we moved more than expectation, and this price range is good long term investors.
...It's caused by TWT is directly affeliation with binance. Binance has known as backer by trust wallet. ...
Binance is not a backer of the Trust Wallet wallet, it is its owner. In 2018, Binance bought the Trust Wallet wallet - https://www.binance.com/en/blog/421499824684900812, while the developers continued to work on the wallet. So it's not surprising that CZ is promoting Trust Wallet, as he considers it the best, like other Binance projects.
I am curious why Trust Wallet, got have its own token which is Trust Wallet Token (TWT), is this not a conflict of interest? I saw some non-custodial wallets and they don't have any tokens that they own it.
Another thing is this Trust Wallet is tied with Binance, Binance is their huge backer I believe. Even though this wallet is open source, I don't really trust this wallet, just my 2 cents.
Another thing is this Trust Wallet is tied with Binance, Binance is their huge backer I believe. Even though this wallet is open source, I don't really trust this wallet, just my 2 cents.
I also don't trust this wallet. This is owned by Binance and this is not really an open-source wallet especially if you have the Android version. This is promoted differently. So when CZ and Binance promote Trust wallet, there is an amount of dishonesty involved. So I don't think Trust wallet should be trusted.
And one thing that really boggles me is why they create a token. This is obviously an attempt to make money out of nothing. Reliable non-custodial wallets like Electrum and Bluewallet that theymos mentioned didn't create a token and they functioned perfectly.
They are also scared that the current exchange that they are using might collapse like what happened with ftx but they should pick up a better wallet like the two that you mentioned above. Trust wallet allows users to hold their private keys but it doesn't automatically mean that they are now fully decentralized or non custodial. I heard metamask is the same.
TrustWallet is a closed source that Binance is one of their investment so CZ tweet about it and boom the price will surge since truswallet is wallet like metamask that your own the private key rather than centralized exchange
oh also binace invest in safepal which also closed source project that invented hardware wallet and regular wallet but i have been using both of them and work fine
oh also binace invest in safepal which also closed source project that invented hardware wallet and regular wallet but i have been using both of them and work fine
So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.
I am curious why Trust Wallet, got have its own token which is Trust Wallet Token (TWT), is this not a conflict of interest? I saw some non-custodial wallets and they don't have any tokens that they own it.
Another thing is this Trust Wallet is tied with Binance, Binance is their huge backer I believe. Even though this wallet is open source, I don't really trust this wallet, just my 2 cents.
Another thing is this Trust Wallet is tied with Binance, Binance is their huge backer I believe. Even though this wallet is open source, I don't really trust this wallet, just my 2 cents.
I also don't trust this wallet. This is owned by Binance and this is not really an open-source wallet especially if you have the Android version. This is promoted differently. So when CZ and Binance promote Trust wallet, there is an amount of dishonesty involved. So I don't think Trust wallet should be trusted.
And one thing that really boggles me is why they create a token. This is obviously an attempt to make money out of nothing. Reliable non-custodial wallets like Electrum and Bluewallet that theymos mentioned didn't create a token and they functioned perfectly.
CZ was taking advantage over FTX collapse to promote its ecosystem to the public. There are so much money potentially to be moved from exchange site to the wallet like trust wallet. The total money got withdrawn from exchange site was up to 3.2 billions which are a lot of money.
If you are CZ, you would do the same too. It is a very great free chance to shill your exchange, your ecosystem and your branch companies and it is totally free chance.Quote
The main intention to use trust wallet to store BSC related token like BUSD or another kind of token that being operated in the binance smart chain. I see that this has no relationship with bitcoin. It can be used to store bitcoin but mostly of these users were using BSC token instead of bitcoin.
Trust wallet is only one of wallets available to be chosen for using during this crazy time of cryptocurrency market. Not your keys, not your coins. It is true for Bitcoin and all altcoins.Don't trust centralized exchanges and custodial wallets. In addition, if you can choose between open-source and close-source wallets, let's choose open-source wallet and both should be non custodial.
legendary
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so i have read it today in cointele a newly published article today. and CZ had promoted this Trust wallet also, not surprising anymore that this is becoming a popular wallet instead of the BTC wallet.
CZ was taking advantage over FTX collapse to promote its ecosystem to the public. There are so much money potentially to be moved from exchange site to the wallet like trust wallet. The total money got withdrawn from exchange site was up to 3.2 billions which are a lot of money. they prefer trust wallet not just because they have BTC but also some BEP tokens.
https://cointelegraph.com/news/ftx-collapse-is-trust-wallet-token-s-gain-why-did-twt-price-soar-150-in-six-days
The main intention to use trust wallet to store BSC related token like BUSD or another kind of token that being operated in the binance smart chain. I see that this has no relationship with bitcoin. It can be used to store bitcoin but mostly of these users were using BSC token instead of bitcoin. https://cointelegraph.com/news/ftx-collapse-is-trust-wallet-token-s-gain-why-did-twt-price-soar-150-in-six-days
I chose AWC, which had a better interface at that moment. Now AWC is holding at half a dollar or around, but the all-time high was over 6 dollars. Both Atomic and Trust wallet had their bounties here, years ago, they had different drops as well. The very similar concepts between these two, both are multicurrency wallets, they support different chains, and both have staking options...
Now looks like the Trust wallet gained some visibility, and I can't say I am surprised. I like these kinds of wallets with more options and it was just a question of when will they get more popular. I guess when CZ helps with promotions it's even easier to get that popularity.
Now looks like the Trust wallet gained some visibility, and I can't say I am surprised. I like these kinds of wallets with more options and it was just a question of when will they get more popular. I guess when CZ helps with promotions it's even easier to get that popularity.
so i have read it today in cointele a newly published article today. and CZ had promoted this Trust wallet also, not surprising anymore that this is becoming a popular wallet instead of the BTC wallet.
they prefer trust wallet not just because they have BTC but also some BEP tokens.
https://cointelegraph.com/news/ftx-collapse-is-trust-wallet-token-s-gain-why-did-twt-price-soar-150-in-six-days
they prefer trust wallet not just because they have BTC but also some BEP tokens.
https://cointelegraph.com/news/ftx-collapse-is-trust-wallet-token-s-gain-why-did-twt-price-soar-150-in-six-days
I recommend reading the posts in this topic on trust wallet security issues: https://bitcointalksearch.org/topic/what-do-you-think-about-trust-wallet-5420819
Trust Wallet is not decentralized and it is not open source. This means they could possibly have access to their user's keys and obviously, being centralized, if something did happen like if they were hacked for some reason, that sensitive information would be going over to the hackers. And your coins with it.
So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.
Trust Wallet is not decentralized and it is not open source. This means they could possibly have access to their user's keys and obviously, being centralized, if something did happen like if they were hacked for some reason, that sensitive information would be going over to the hackers. And your coins with it.
So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.
I never used trust wallet, somehow I am skeptical because of what is discussed on that thread. I am already have metamask for the supported altcoin wallet, and electrum for BTC, I don't think there is a need for me to use trustwallet.
About the current price, I do not think the collapse of FTX has something to do with the price surge. Remember the fund inside FTX is somehow frozen so there is no way users of FTX will move their fund to trustwallet. What more contribute to the pump I think is the support of Binance but either way I believe this is just a short pump that will be followed by huge dump. So better get out while still in profit. and do not get FOMOed.
No, not binance is messing. This is just a community movement everyone is starting to secure their assets, trying to find out what they can be secured with their funds.
I'm starting to see those that who have been moving their funds are those that have been worried and have probably kept their funds in any exchange. And now, are alarmed by what happened to FTX and that's why this is actually a good thing that's happening. Not talking about the price of the token but about the wallets where we have the private keys.
I'm starting to see those that who have been moving their funds are those that have been worried and have probably kept their funds in any exchange. And now, are alarmed by what happened to FTX and that's why this is actually a good thing that's happening. Not talking about the price of the token but about the wallets where we have the private keys.
as of the time, its 111.64% with a price of $2.46. last week it was just $1.04.
i didn't join to their chat channel but one user said, people are moving to their own installed wallet due to what happen to FTX so they are now using Trust wallet.
i don't know why of all wallet why this one. is binance messing?
As far as I know, due to the FTX issue and even the FUD that is happening now about crypto.com, non-custodial wallets such as the Trustwallet app only show that crypto assets are safer if they are placed in the Trust wallet. Which, it's indeed safe to put crypto assets if we're willing to hold them for a long time and they should only be put in a non-custodial wallet, I just don't know if I understand it correctly.
Because of these events, it just goes to show that putting a large amount of money into well-known exchanges is not 100% safe even if it is like Binance or others.
i didn't join to their chat channel but one user said, people are moving to their own installed wallet due to what happen to FTX so they are now using Trust wallet.
There are so many non custodial wallets to use and Trust wallet is only one of options for users.Metamask, Myethewallet, SafePal, C98 wallets are all non-custodial wallets and people don't have to bind themselves with Trust wallet.
Moreover, they should practice to import wallet seeds from one wallet to another (like from Trust wallet to Metamask for example). I would like to use non custodial wallet that does not use their own special seeds because I will be in trouble if wanting to import seed to other wallet.
Exchanges come and go, disappear. Seed is here with us forever but if only one wallet is compatible with that seed and if that wallet is no longer working, you will lose your crypto.
I recommend reading the posts in this topic on trust wallet security issues: https://bitcointalksearch.org/topic/what-do-you-think-about-trust-wallet-5420819
Trust Wallet is not decentralized and it is not open source. This means they could possibly have access to their user's keys and obviously, being centralized, if something did happen like if they were hacked for some reason, that sensitive information would be going over to the hackers. And your coins with it.
So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.
Trust Wallet is not decentralized and it is not open source. This means they could possibly have access to their user's keys and obviously, being centralized, if something did happen like if they were hacked for some reason, that sensitive information would be going over to the hackers. And your coins with it.
So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.
I am curious why Trust Wallet, got have its own token which is Trust Wallet Token (TWT), is this not a conflict of interest? I saw some non-custodial wallets and they don't have any tokens that they own it.
Another thing is this Trust Wallet is tied with Binance, Binance is their huge backer I believe. Even though this wallet is open source, I don't really trust this wallet, just my 2 cents.
Another thing is this Trust Wallet is tied with Binance, Binance is their huge backer I believe. Even though this wallet is open source, I don't really trust this wallet, just my 2 cents.
I see here the price of TWT will still be rallying, Trust Wallet supports 8 million crypto coins, and also NFTs tokens. So the TWT is their native token that will surely user use this while using Trust Wallet. Its hype is this wallet is an open-source wallet that they think is a safe wallet because of what happened to FTX's bankruptcy.
It seems IMO, Binance has a commission to Trust Wallet, what do you think?
Binance hyped too much Trust Wallet as per see.
It seems IMO, Binance has a commission to Trust Wallet, what do you think?
Binance hyped too much Trust Wallet as per see.
as of the time, its 111.64% with a price of $2.46. last week it was just $1.04.
i didn't join to their chat channel but one user said, people are moving to their own installed wallet due to what happen to FTX so they are now using Trust wallet.
i don't know why of all wallet why this one. is binance messing?
Maybe hype gather those people to think that way since they maybe look CZ became a hero after the incident happen on FTX. But if we really think deeply about it on what happen on FTX we should trust easily those exchange even how trusted they are since what happen to them might happen to binance or other big exchange to. So even if TWT pump we can't conclude that there are good happening or we can fully trust them with our funds so better store our money on wallets which we hold the private key and always believe on saying which always reminded here that "Not your keys not your coins" to make ourselves aware about those things that might compromise us.
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