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Trust Wallet Launchpool Logo

Trust Wallet Launchpool

IDO Platforms Incubation & Round Hosting

Trust Wallet launchpool is a pioneering feature built within the Trust Wallet app initially inspired by the centralized exchanges’s IEO.  It allows users to non-custodially lock digital assets such as $slisBNB or $TWT tokens to access the token airdrops from the various web3 projects while offering crypto startups a unique opportunity to expand their marketing efforts. 

Similarly to the Trust Wallet, the launchpool is powered by the governance $TWT coin enabling users to stake it and participate in the Launchpool.

Founded:
2017
CoinLaunch Score: Last update:
Medium 28 Oct 2024

Trust Wallet Launchpool Overview

Number of Token Sales: 1
Project Support: High
Social Influence: High
Total Funds Raised: 924K
Last Token Sales: 22 October
Region of Origin: United States
Influence Geography: East Europe; South America; East Asia; West Europe; Middle East.
Type of project assistance: Marketing assistance; Growth Marketing; Token Distribution Assistance.
Security Audit: n/a
Website

Trust Wallet Launchpool - About

Trust Wallet Launchpool is an IEO-typed launchpad built in the Trust Wallet app - one of the biggest web3 wallets in the industry, boasting over 140M users. A similar system already exists on multiple centralized exchanges and now Trust Wallet has become the first platform to launch this feature on-chain. 

Since by design, Trust Wallet Launchpool is very similar to Binance’s and taking into consideration the past connection of the platform with Trust Wallet, we assume the idea of the launchpool was at least party-initiated by the Binance and BNB Chain. Adding even more to this theory, the four.meme launchpad, which is also backed by the Binance Chain foundation, has gotten involved in the launch of the first project on the Trust wallet, indicating of the potential influence form the BNB Chain.

It aims to help web3 projects gain exposure and expand their marketing efforts by offering their infrastructure to airdrop their tokens. Meanwhile, users access an exclusive opportunity to stake their digital assets, $TWT token and $slisBNB crypto more specifically, to get a share of airdrops from the multiple crypto startups to earn an additional yield when holding the specific assets without the need to keep their funds in the custodial centralized exchanges accounts. 

To participate in the Trust Wallet Launchpool, you need to download the Trust crypto wallet on your mobile phone and acquire either $TWT or $slisBNB tokens. Then, you should visit the “earn” section and choose between $TWT or $slisBNB staking pools to get access to the share of the reward pool. 

As of October 2024, the platform boasts only its first launchpool of the $WHY token - one of the largest memecoins on the BNB network with over $100M market cap. For the event, the Trust crypto wallet app allocated 4.2T of $WHY tokens worth more than $1M

 

Taking into account the hype created among the crypto community after the Trust Wallet Launchpool announcement, our team carefully analyzed the launchpad and identified some notable pros and cons of the protocol:

✅ Trust Wallet pros:

  • Pioneering concept and design of the product;
  • High project support score;
  • High Social Influence performance;
  • Large community, boasting over 140M users;
  • Since Trust Wallet has been collaborating with Binance multiple times, it is very possible Binance and BNB Chain will be actively supporting the launching projects and the platform itself;
  • Over 5 regions of influence noticed by our team;
  • A diverse range of services from Trust Wallet assisting them with web3 projects gaining exposure and building community.

❌ Trust Wallet cons:

  • As it is not exactly a launchpad, and for example in the case of the “Why an elephant” crypto project token has been already listed and tradable, the Trust Wallet launch pool is hard to rate correctly;
  • Since the product has been recently created, there is only one project launched via the protocol.

Trust Wallet Launchpool - Industries

Trust Wallet Launchpool Team

Eowyn Chen
Eowyn Chen
Chief Executive Officer
Damilola Odufuwa
Damilola Odufuwa
Head of Communications
Viktor Radchenko
Viktor Radchenko
Founder and Previous CEO

Trust Wallet Launchpool News

Trust Wallet Launchpool – Token Sales

Project Score Round Score End Date Price Amount to Raise Status Industry
why an elephant logoWhy an Elephant ($WHY)Medium22 Oct$6.217E-6$924,000Past
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