Trust Wallet Introduces Decentralized 'Launchpool' – A First for Self-Custody Wallets

BY
Trust Wallet
/
Oct 10, 2024

Trust Wallet, the world’s top self-custody Web3 wallet trusted by over 140 million users, is rolling out its newest feature: Trust Wallet Launchpool. This exciting addition is designed to help TWT holders and other token-holding users discover and engage with promising projects while earning rewards. By staking tokens like TWT or other specific tokens set for each campaign, you can earn new tokens or rewards from both newly launched and already established projects and expand your portfolio with minimal risk.

With this launch, Trust Wallet is breaking new ground by becoming the first self-custody wallet to offer launchpool opportunities. This means you can get exclusive access to rewards and tokens from up-and-coming projects, while also helping grow the Web3 community.

“Our goal with Trust Wallet Launchpool is to offer our platform to empower industry projects to better build and engage on-chain communities. We also want to enable our users to better discover, engage, and thrive with such projects. There have been successful launchpool experiences found on exchanges, but we see an opportunity to do it in a more decentralized and secure way, directly with an on-chain community and userbase,” explained Eowyn Chen, CEO of Trust Wallet.

He added, "This feature aligns perfectly with our mission to build a more inclusive Web3 ecosystem while giving back to the community, including TWT holders and partner token holders. It provides our users with unique opportunities to engage with innovative projects and earn rewards, all without the risks typically associated with centralized platforms.”

Trust Wallet Launchpool gives TWT holders and the community a chance to earn rewards and exclusive project tokens in a secure, decentralized environment

How Trust Wallet Launchpool Works

The Trust Wallet Launchpool feature is found in the app’s "Earn" section. It’s designed to be user-friendly to make it easy and safe for you to participate in early-stage crypto opportunities. All you have to do is choose a project you’re interested in and stake TWT or other designated tokens in specific pools to earn new tokens as rewards. Everything in the launchpool runs on open-source protocols and smart contracts to ensure transparency and security.

Nate Zou, Head of Product at Trust Wallet, mentioned how the launchpool was designed to be community-centered. “Trust Wallet Launchpool is a natural evolution of our commitment to our community. We want to provide our users with more ways to engage with Web3 opportunities while offering our partners a sustainable method to grow their user base and strengthen their community.”

The Trust Wallet Launchpool creates a win-win setup for everyone. Users can safely earn project tokens while supporting up-and-coming Web3 ventures. Meanwhile, projects can benefit from increased visibility and the chance to build a strong user base by tapping into Trust Wallet’s massive community, making it easier to gain momentum in the competitive market.

Staying True to Trust Wallet’s Mission

Bringing in the Trust Wallet Launchpool is a step forward in Trust Wallet's mission to make Web3 accessible and rewarding for everyone. According to Chen, the launchpool is “a bold experiment and a pioneering move for a wallet product.” He shared that Trust Wallet is focusing on “creating a sustainable cycle of collaboration between users and projects” to build a stronger community.

Trust Wallet Launchpool officially went live on October 9th. You can download the app now and start exploring rewards and project tokens.

About Trust Wallet

Trust Wallet is a secure, self-custody Web3 wallet that serves as a gateway for users who want full control of their digital assets. From first-timers to experienced users, Trust Wallet offers an easy, safe way to experience Web3, interact securely with dApps, store and manage crypto and NFTs, and even buy, sell, or stake crypto to earn rewards—all in one place.

Since launching in 2017, Trust Wallet has been on a mission to make crypto simple and accessible for everyone and to empower users to truly own their digital assets in the future of the decentralized web.

For media inquiries, contact: press@trustwallet.com

Trust Wallet

Trust wallet is a user-friendly and secure mobile wallet that supports 70+ blockchains and 10+ million assets, making it easy for over 130 million users worldwide to access crypto and NFTs.

GET MORE OF IT ALL FROM
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Recommended reads from the metaverse