While safety, freedom and low transaction fees are most important in the world of cryptocurrency, Consider Pockets and its token Consider Pockets are giving a new direction to users. It is not only a pockets token, but a utility token that gives users many features and advantages within the wallet. In this blog, we will know in detail what is Consider Pockets Token, its features, its use, security and future possibilities.
What is Consider Pockets and TWT?
Consider Pockets Token (TWT) is a BEP-20 based utility token that gives users of Consider Pockets Software a variety of benefits. Consider Pockets is a mobile crypto wallet that supports many blockchain like Ethereum, Binance Shrewd Chain (BSC), Tron. You can store Bitcoin, BNB, Eth and many ERC-20 and BEP-20 tokens in it. If you What are blockchain If you want to know about this, go to this link.
Consider pockets token, token holders get many types of facilities inside Consider Pockets like:
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Discount on in-app crypto purchase
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Discount on Dex (Decentralized Change) Service
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Voting rights in the decision related to governance power
How does Consider Pockets Token work?
TWT was first launched on Binance Chain as BEP-2 Token, but in October 2020 it was migrated to Binance Shrewd Chain (BSC) as BEP-20 Token. BSC is a high performance blockchain, rapidly supports smart contracts and dapps and works on a cheaper fee of about 10 times compared to Ethereum.
This token can be used within the Consider Pockets Ecosystem. However, due to the BEP-20 token, it can be transferred to any BSC supported wallet.
Unique features of Consider Pockets Token
1. Governance Power – TWT holders can participate in voting related to the development of Consider Pockets App. This gives users a Democratic role and they directly become partners in the future of the app.
2. Discounting Services – TWT Holders are given special discounts on buying crypto inside consider pockets or transacting through DEX.
3. low fees and fast transactions – TWT transactions are very cheap and fast due to being based on BSC Community. It is much less expensive than Ethereum Mainnet.
4. TWT token Total Supply and Distribution , At the time of migration at Binance Shrewd Chain, 99% old TWT Token was burnt. Now its maximum supply has been fixed on 1 billion TWT. At present, about one-fourth of it is in circulation.
The distribution of tokens is as follows:
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40%: For user acquisition (eg referral, quiz, task)
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15%: Consider Pockets Community
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30%: as a reserve
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15%: for developers
Users can offer tokens like:
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Referral programs
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Quiz
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Completing tasks inside consider pockets like stacking or trading
Consider pockets token’s security
TWT, Binance Shrewd Chain’s proof-of-set (POS) is based on mechanisms that make it safe from potential threats like 51% attack and SYBIL attack. In addition, there is also a bug bounty program operating by Binance, which gives a prize of up to $ 10,000 if informed of any mistake in smart contracts. Consider Pockets gives extra security features to users such as: PIN Code Lock, 12-Word Recovery Fras.
Where can you buy TWT?
TWT can be purchased on several centralized and decentralized exchanges. Some of these are prominent:
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Binance dex
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Mxc
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Pancakeswap
This can be traded against token tether (USDT), Bitcoin (BTC), and Binance Coin (BNB). Consider Pockets Token Value Go to this link given to check.
Who is the founder of Consider Pockets Token?
Consider Pockets started in 2017 by Viktor Radchenko. He lives in California and also co-found an app called Trucker Trail. He created Consider Pockets for Ethereum and ERC-20 token, understanding the lack of open source wallets. Binance bought Consider Pockets in July 2018, but the team’s size is now more than 20 people.
TWT’s future and possibilities
Consider Pockets Token (TWT) has become more than a utility token. Its constantly growing user base and Binance For example, its value is continuously increasing with the partnership of the veteran. Consider Pockets is constantly launching new features and programs which may further increase the demand for TWT.
In the future, the role of Consider Pockets and TWT with integration of Defi, NFT and Web3 is becoming more strong.
Conclusion
Consider Pockets Token (TWT) is a crypto asset designed not only for trading but to be part of an entire ecosystem. If you want to stay active in Crypto Range for a long time and use mobile wallets, Twt can be a beneficial and safe option for you.
