As a researcher who has been closely observing the cryptocurrency space for years, I must say that the recent developments in the Trust Wallet ecosystem have caught my attention. The introduction of the Launchpool feature is a game-changer, offering users an opportunity to diversify their portfolios while supporting innovative projects within the Web 3.0 ecosystem.
Excitedly, I’ve just jumped into the action with the inauguration of the first-ever Trust Wallet Launchpool. The team behind this innovative protocol made the announcement on Telegram on October 15, inviting everyone to join in. Now that it’s live, I can secure my Trust Wallet Token (TWT) and Lista Staked BNB (slisBNB), allowing me to earn rewards and unique project tokens as a result.
During this interim period, I’m issuing rewards in the form of WHY tokens to our users. We strive to provide them a safe, intuitive, and decentralized platform for their transactions. Two months post-launch, we introduced Trust Wallet Quests, a feature that allows users to earn points as they learn about Web3 and engage with Trust Wallet’s functionalities. This highlight was brought forth shortly after our platform debuted task-oriented quests.
Trust Wallet Helping Users to Diversify Portfolio
As per the information shared in the Telegram post, users start earning rewards immediately upon locking their tokens. This means that early adopters stand a better chance of receiving higher rewards due to this feature. Furthermore, depending on the partner token assigned to a specific campaign, users can obtain new tokens not only from projects that have already been launched but also from those still in the pre-launch phase, based on the designated token.
The new feature offers multiple advantages, including allowing Trust Wallet users to expand their investment portfolios by backing innovative projects with reduced risk. In essence, this action contributes significantly to the expansion of the Web 3.0 environment. With this update, Trust Wallet becomes the first self-custody wallet to offer its users the opportunity to participate in launchpools.
As a crypto investor, I’ve learned about the exciting launch of Launchpool, spearheaded by Eowyn Chen, CEO of Trust Wallet. This initiative aims to equip and foster stronger connections within the blockchain community by empowering projects in the industry to grow and engage more effectively with their on-chain followers.
Chen mentioned that we aim to help our users easily explore, interact, and prosper with these projects. There have been positive Launchpool experiences on exchanges, but we believe there’s a chance to accomplish this in a more decentralized and secure fashion, by working directly with an on-chain community and userbase.
Additionally, she emphasized that the latest addition is consistent with their goal of creating a Web3 environment that promotes inclusivity and supports the community.
As a researcher studying blockchain technology, I’d like to draw attention to the fact that Nate Zou, the Head of Product at Trust Wallet, has emphasized that the Trust Wallet Launchpool represents a logical progression in our dedication to our user community. Our aim is to offer more interactive avenues for our users to tap into Web3 prospects, while simultaneously providing our partners with a long-term strategy to expand their user base and foster stronger connections within their communities.
Per the update, a total of 4.2 trillion WHY tokens are up for grabs as rewards.
Binance Announce Scroll as Its 60th Launchpool Project
In the realm of cryptocurrencies, one of the frequently discussed launchpools belongs to the Binance platform.
Four years ago, the primary digital asset service provider introduced its product Launchpool. Its purpose is to provide a secure method for users to farm new assets and receive token rewards by staking BNB, BUSD, and other tokens. Bella Protocol (BEL) was the inaugural project launched on Binance Launchpool.
The most recent project on Binance Launchpool, celebrating its 60th, is Scroll (SCR). Over the course of these projects, the trading platform has previously featured Flamingo Finance (FLM), Venus (XVS), BENQI (QI), and Ethena (ENA) among other notable ones.
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2024-10-15 22:39