How To Earn 200% APY on TWT!
2022 has not been a kind year to the cryptocurrency industry, having witnessed the downfall of so many crypto platforms that were previously thought to be infallible. As the collapse of FTX sends ripples across the entire cryptocurrency industry, investors are increasingly growing wary of centralized exchanges. As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week, having amassed over 90% gains.
Screenshot by author on TradingView
An Overview of TWT
Trust Wallet Token (TWT) is a utility and governance token, native to the Trust Wallet and available on both the BEP-2 (Binance Chain) and BEP-20 (Binance Smart Chain) standards. An open-source module, Trust Wallet has been integrated with other DEXs such as Pancake Swap, Uniswap or Binance DEX so that users can buy, hold, and exchange their crypto-assets using a single interface. Trust Wallet supports buying, exchanging, and staking 160,000 crypto assets across 40 different blockchains.
How To Earn Up To 200% APY With TWT!
Screenshot by author at Pancakeswap
- Download Trust Wallet on your mobile device or web browser, if you don't already have one. Create a new wallet and keep your passphrase secure.
- Deposit assets into your Trust Wallet from a third party exchange, or purchase cryptocurrencies directly on the wallet itself.
- Head over to Pancakeswap, and connect your wallet.
- Swap assets into equal amounts of BNB and TWT, then enter into the BNB-TWT liquidity pool. Click on Trade → Liquidity → Add liquidity → Select the BNB and TWT pair, then add liquidity.
- Enter the desired amount of BNB and TWT to add into the liquidity pool.
- After adding into the liquidity pool, head over to Earn → Farms to stake the TWT-BNB LP.
- Congratulations on having staked your liquidity pool, and start earning up to 200% APYs from this pair!
Disclaimer: The calculation of APY is affected by the price of the token and may fluctuate depending on market conditions.
My Source of Funds
MyTrust Wallet is exclusively funded by a host of passive income apps that allow me to utilize my devices and internet resources to earn a stream of passive cash flow without having to invest any capital to begin with!
Trust Wallet is my portal to the JumpTask network, through which I reap the earnings of Honeygain, my favourite passive income application that generates passive cashflow for me effortlessly in the background as I monetize my surplus internet bandwidth and get paid in JMPT token. In fact, I have earned more than 1 BNB entirely from Honeygain in less than a year! Read on in the article below to find out how I did it. If you would like to get started with Honeygain, sign up here for a free $5 bonus and start earning money using your surplus internet bandwidth!
Final Thoughts
Indeed, the cryptocurrency industry is thriving with plenty of opportunities to make and compound money. The above is one such sliver of opportunity that I have spotted and shared with you. While TWT may be overbought in the past few recent weeks and face the possibility of a heavy correction, it may still well represent a decent long term investment given the place of Trust Wallet in the cryptocurrency market. What are your thoughts on this? Are you bullish or bearish on TWT? Feel free to leave your comments below. Happy earnings!
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Hi! I would like to inform that this post was previously published in my other blogs in Medium and read.cash. I write under the pseudonym of Trader FX there.