Trust Wallet has finally introduced its Launchpool service in an effort to support promising projects within its ecosystem.
The inaugural Trust Wallet Launchpool has been operational following an extended period of anticipation. On October 15, the protocol’s developers announced its debut on Telegram and encouraged the public to participate. Users can now earn rewards and exclusive project tokens by locking their Trust Wallet Token (TWT) and Lista Staked BNB (slisBNB) as a consequence of this new development.
In the interim, the rewards are distributed as WHY tokens. Additionally, users are assured of a secure, user-friendly, and decentralized transaction environment. This feature was introduced two months after the platform’s introduction of task-oriented Trust Wallet Quests. Users can accumulate points while learning about Web3 and engaging with Trust Wallet features.
Trust Wallet Assists Users in Diversifying Their Portfolios
Users earn earnings immediately upon locking their tokens, as the Telegram announcement indicates. Consequently, early adopters are more likely to receive a higher WHY reward. Users can acquire new tokens from pre-launch and launched token projects by utilizing the partner token assigned to a campaign.
The new development serves a variety of purposes, including two. It is a method for Trust Wallet users to support innovative ventures while diversifying their portfolios with minimal risk. Ultimately, this significantly contributes to the expansion of the Web 3.0 ecosystem. Trust Wallet is the first self-custody wallet to offer launchpool opportunities to its users due to this most recent addition.
Eowyn Chen, CEO of Trust Wallet, stated that Launchpool’s debut is dedicated to enabling industry projects to construct and more effectively engage on-chain communities.
“We also aim to facilitate the discovery, engagement, and success of these projects for our users.” Chen stated, “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.”
Additionally, she emphasized that the new feature is consistent with the organization’s objective of fostering a more inclusive Web3 ecosystem and contributing to the community.
The “Trust Wallet Launchpool is a natural evolution of our commitment to our community,” as noted by Nate Zou, Head of Product at Trust Wallet. Our goal is to offer our partners a sustainable approach to expanding their user base and fortifying their community while simultaneously offering our users additional opportunities to engage with Web3 opportunities.
The update indicates that a total of 4.2 trillion WHY tokens are available as rewards.
Scroll has been announced as the 60th project in Binance’s Launchpool
The Binance exchange is one of the most frequently discussed launchpools in the cryptocurrency industry.
Launchpool was introduced by the foremost digital asset service provider four years ago. It is designed to provide users with a secure method of farming new assets and acquiring token rewards in exchange for staking BNB, BUSD, and other tokens. The inaugural project on Binance Launchpool was Bella Protocol (BEL).
Scroll (SCR) is the most recent project to be added to Binance Launchpool, marking the 60th. Among others, the trading platform has hosted Flamingo Finance (FLM), Venus (XVS), BENQI (QI), and Ethena (ENA) between the first and the latest.