On November 7th, Trust Wallet (TWT) officially launched on HotsCoin. Trust Wallet is a well-loved cryptocurrency hot wallet that offers users complete control over their funds. One of the standout features of Trust Wallet is its built-in DApp browser, providing access to a curated selection of decentralized applications. Furthermore, Trust Wallet also supports staking and token trading directly within the application. TWT is now available for trading on HotsCoin.
Key Token Details Noticed by HotsCoin:
- Circulating Supply: 416,649,900 TWT
- Total Supply: 999,668,148 TWT
- Market Capitalization: $651,323,921.68
- Fully Diluted Market Cap: $1,563,240,316.82
Key Events Noticed by HotsCoin:
- July 31, 2018: Trust Wallet was acquired by Binance.
Project Background Noticed by HotsCoin:
Trust Wallet started as a community-driven open-source project with contributions from developers in the community. Founder Viktor Radchenko was known for his strong technical background but remained relatively low-profile, focusing on product development and coding. In 2018, Trust Wallet was acquired by Binance, and Viktor Radchenko became part of the Binance team as the project lead.
In the same year, Eowyn Chen joined Binance as the CEO and became a key figure in the project. Eowyn is a Harvard graduate who had worked in the financial management consulting field in New York. However, she gradually realized the limitations of the traditional financial system in terms of innovation, which led her to leave Wall Street. She had been involved in the expansion of the ofo bike-sharing project, which honed her business and management skills.
After leaving ofo, Eowyn spent time developing her own set of values and delved deep into the roles of artificial intelligence and blockchain technology in society. She highly values decentralization and the redistribution of power, believing that while the internet has transformed information dissemination, it has not resolved the issue of value transfer. In 2018, Eowyn connected with Binance co-founder He Yi, who showed her how blockchain technology could serve as the foundation for transferring value over the internet.
With her understanding of the crypto industry, Eowyn Chen joined Binance and became the CEO of Trust Wallet. Trust Wallet's user base has steadily grown, with over 60 million client downloads, primarily in regions like Europe, the Americas, South Asia, and the Middle East.
Conclusion:
Trust Wallet, as a widely popular cryptocurrency hot wallet, not only provides users with full control over their funds but also features a built-in DApp browser for accessing decentralized applications. Its team boasts significant technical expertise in the blockchain and cryptocurrency space, and with the support from Binance following the acquisition, Trust Wallet has shown substantial growth potential in the past year. Investors should keep a close eye on its future performance and development direction.
HotsCoin will continue to monitor the project's ecosystem. (Report written in November 2023) The information in this report is for reference purposes only and does not constitute investment advice. Prior to investing, it is essential to fully understand the project and associated risks and, if necessary, seek professional advice.
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