Trust Wallet Token (TWT) surged more than 50% on Friday after Binance founder Changpeng Zhao (CZ) endorsed its renewed vision and roadmap.
Binance acquired Trust Wallet in July 2018, and since then, it has been positioned as the official wallet for the exchange’s users, integrating seamlessly with the platform’s ecosystem.
In a post on X (Twitter), Changpeng Zhao reflected on TWT’s journey, highlighting how the token started as an experiment.
“The FDV got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding,” CZ wrote in the post.
The TWT token soared 25% in the immediate aftermath, topping out at $1.33. In the last 24 hours, it has been up by nearly 50%.
Meanwhile, CZ’s comments come as Trust Wallet unveiled its long-awaited litepaper. The document positions TWT as the utility backbone of its fast-growing ecosystem.
Trust Wallet, a widely used self-custody wallet, is introducing a tiered rewards system powered by TWT, its governance token.
According to its announcement, the token will unlock benefits such as lower swap and buy fees, gas discounts, access to loyalty rewards, and premium support.
Holders will also gain voting opportunities and access to Trust Alpha, which is described as “Launchpool 2.0” for discovering early-stage crypto projects.
The litepaper outlines a phased rollout, with the first utilities going live in Q4 2025 and broader integrations planned through 2026.
Trust Wallet said the framework is designed to evolve alongside its ecosystem, creating a sustainable flywheel. Its hallmark is that wallet usage drives TWT utility, deepening loyalty and fueling growth.
According to the litepaper, the network will organize TWT utilities into multiple tiers: Seeker, Explorer, and Moonwalker. Each tier offers progressively richer rewards for greater engagement and token holding.
Beyond loyalty perks, future integrations could see TWT as collateral in DeFi protocols, a gas payment option with fee discounts, and a gateway to exclusive community initiatives.
Market analysts have noted the significance of TWT’s renewed direction. As a BEP-20 token on BNB Chain, TWT already has a fixed supply with 99% previously burned.
More than 40% of the supply has been distributed to the community, mainly through crypto airdrops. The remaining allocation is reserved for growth initiatives, liquidity, partnerships, and team incentives.
Notably, the litepaper addresses a long-standing criticism by aligning TWT directly with Trust Wallet’s growth trajectory.
The criticism concerned the token’s earlier utility, which, according to users, did not match the scale of the wallet itself.
With over 210 million active users, even modest adoption of TWT’s new features could create a strong demand flywheel.
As Trust Wallet expands into advanced trading, yield opportunities, and seamless everyday finance, TWT could play a key role in cementing its position among self-custody wallets like Metamask.