Dear @cz_binance,
I am reaching out to you on behalf of myself (Binance KOL Award 2022 CIS), @toptraders0x (Binance KOL Award 2022 CEE), and our entire large TW community.
Since 2019, as leading influencers, we have acted as reliable partners and actively supported @TrustWallet. We collected a massive amount of user feedback, defended the project’s reputation during its most critical moments (including the hacks), and have always stood by your side.
However, the current trajectory of the project causes us deep concern. Our community feels disoriented, and as opinion leaders, we can no longer ignore this.
Unfortunately, the new CEO @felix_fan has completely failed to establish the connection and level of trust with the community that @vikmeup and @EowynChen carefully built over 7 years. We see a total lack of dialogue.
Previously announced plans and commitments to the audience are being ignored, and communication has been reduced to zero. Is this the "new strategy" you spoke about at the end of 2025?
Where is the promised integration of the $TWT token’s utility and the execution of the 2026 Roadmap according to the Litepaper that was so actively promoted?
Why have all mentions of $TWT dropped to zero since the New Year, and why has the team started ignoring any questions regarding this topic? What exactly happened?
Instead of providing clarity, the new CEO @felix_fan simply blocked the @toptraders0x account on Telegram just to avoid answering uncomfortable questions.
The project urgently needs a return to transparency. If the current leadership is unwilling or unable to maintain an open dialogue with its community, we respectfully ask for your intervention. We need your guidance and help to get Trust Wallet back on the right path, before years of hard work by the entire community are undone.
The community deserves clarity. We care deeply about Trust Wallet, which is why we need answers, CZ.
As a first step to rebuilding trust, we officially propose hosting an open AMA session between the Trust Wallet leadership and the community within the next 7 days.
#TrustWallet #TWT $TWT @heyibinance
@felix_fan, talking about SAFU is great, but why is there absolute silence regarding $TWT and the roadmap promised by the previous CEO?
Our community of tens of thousands of people has loyally promoted Trust Wallet all these years. $TWT is down 70%, and ignoring the questions of the people who helped develop your ecosystem will only lead to a massive conflict.
Community trust is your biggest asset. And the bad news is that this trust is falling with every single day of your silence. We need clear answers on the future of $TWT.
If every crypto project treats its token this way, what are you even going to store in your wallet?
@samifami@cz_binance@TrustWallet
🎙️ CZ joins Trust Talks #6! 🚀
@cz_binance & our CEO @EowynChen dive into how Trust Wallet is evolving beyond “just a wallet” as we race toward 200 MILLION downloads! Don’t miss this epic conversation.
🗓️ Tuesday, February 18th, 1:00 PM UTC
👇 Set your reminders & drop your questions for CZ and Eowyn to be answered live!
It is interesting to observe how @THORChain and @jpthor has chosen to hasten its decline through debt tokenization. This serves as a great example of why community building is beneficial at the Pre-Seed and Seed stages. However, it becomes problematic during Round A, B, C, and D, where a perfect management team and accountability to customers are essential.
@1inch - good example; a tier 1 swap provider, is known for its excellent reputation and B2B partnerships.
Although they no longer focus on the token, it remains a strong business.
On the other hand - @THORChain
Currently, the protocol is disabled in @TrustWallet , @Ledger , @wallet , and @BitgetWallet - essentially all the major platforms where fake nodes could only hope to thrive. Meanwhile, other providers are applying for these positions, where there is a proper management and legal structure in place.
The launch of a second token ($TCY) will likely trigger a wave of liquidations and a migration away from $RUNE to this new token. Investors may be hopeful of recouping some losses through this small-cap asset, which is expected to attract market interest by promising lifetime revenue sharing.
This is similar to the situation with $TRUMP vs $MELANIA tokens (apologize for the vulgar comparison involving memecoins).
Those involved in governance and collaborative building should recognize an important fact: late-stage collaboration can be harmful. It often leads to extensive experiments being conducted at advanced stages, which can result in significant financial losses - sometimes amounting to hundreds of millions of dollars.
The newly appointed "CEO of Thorchain", @AaluxxMyth , and the creator of Proposal6, likely believes it is important to encourage a speculative mindset among investors by introducing securities to the market, especially when regulations are at their highest. In this scenario, the price of Rune may decline sharply, leaving fake nodes with a difficult decision to make:
a) Freeze all types of LPs
b) Allow the project to collapse
Simultaneously, providers (or wallets) may not need to distance themselves from the protocol. Legal actions will soon uncover the specific beneficiaries behind these fraudulent "decentralized" nodes. Of course, this is possible only if the noise from the losses is significant enough = as it was in the Luna case.
Conclusion: conduct community building and governance experiments in finance only until the Seed stage.
Thank you, @TrustWallet, for promptly disabling @THORChain until the entire situation is clarified and resolved.
It is important to note that @TrustWallet has a user base of 200M and possesses the largest wallet in the world. In contrast, the developers behind @THORChain are a group of decentralized builders who lack any legal status. Therefore, it is unwise to depend solely on their good intentions to safeguard user funds, especially considering they have already frozen $200M, which includes a portion affecting U.S. residents.
Urgent proposal to acquire @THORChain and provide assistance to the holders and creditors.
As the protocol serves as an open-source community-driven, true Web3 building project, this proposal will be transparent and accessible to the public.
Unfortunately, we are witnessing the gradual decline of what was once a promising project.
Instead of achieving great results and hitting a new ATH, the community was blindsided by $200M in toxic frozen loans, facilitated without any warning and made possible through the use of an admin key.
Rather than concentrating on building Rune, the founder is pursuing nine different projects, leading to unclear strategies that raise numerous questions.
WeWe / Deca Swap / Vultisig / WeWe Swap / Thor / Ruji / Vamp / YIELDI / TraitForge
To prevent the current crisis, @jpthor needed to raise the large VC round by $50-100M, work on regulatory compliance, secure appropriate US network, and focus on @THORChain achieving 50-60% market fit along with Round C funding.
Unfortunately, the project currently lacks any backers. In fact, the bank run has not yet started, but if it does, an amount between $5-10M could lead to a collapse in price similar to what happened in the Luna case.
I understand that many supporters of the project are holding onto hope for a miraculous turnaround.
"That's it, that's it, yes, that's it tomorrow." However, it's often more prudent to analyze the facts, figures, and current situation.
Holders of the project are being misled, creditors are experiencing years of delays, and the founder is engaged in unclear schemes:
https://t.co/zFaC29a3Da
The entire Thorchain ecosystem relies heavily on the generosity of @TrustWallet, who are outstanding builders and the largest provider.
Previously, it was difficult to envision major new integrations for Rune. However, following recent events, we can only hope for a miracle.
Meanwhile, competitors are actively seeking to penetrate the remaining top sites, and those sites themselves are considering hybrid models (like Exodus, which is incorporating a CEX component and plans further refinements).
If @TrustWallet eventually decides to halt integrations or redirects volumes to a competing provider, we can only imagine the impact this would have on the price of Rune and the assets of its lenders.
At the same time, @TrustWallet demonstrates the potential for scaling, having nearly surpassed the 200M user mark and achieving a MAU count comparable to top-tier fintech like NuBank, all while maintaining a solid reputation and avoiding big management issues.
Our proposal is straightforward.
We're offering a syndicated deal in which:
1) Trust Wallet will acquire THORChain (let’s set aside discussions about decentralization for now; particularly when you understand the details and nuances involved).
2) Funds will be disbursed to creditors immediately, financed by a pool of VCs led by YZi Labs (formerly @BinanceLabs).
3) @EowynChen will assume the role of CEO for both companies.
4) Rune -> TWT.
5) A portion of the protocol's revenue will be allocated to marketing support for the unified on-chain asset (with genuine marketing efforts, not painted Cybertruck).
Results:
a) Creditors will receive an instant refund with interest.
b) Former RUNE holders will have a new asset that will consistently benefit from the protocol’s revenue, without relying on complex schemes.
c) TWT and Trust holders will see strengthened valuations and multiples.
d) Current contributors to the Thorchain protocol will receive bonuses, enjoy a stable future, and have the opportunity to safely develop the leading web3 product.
e) Support from the family office of @cz_binance.
Ultimately, this initiative will create the most reliable on-chain wallet with a swap provider in the industry.
TRUSTDrop is live!
This holiday season, we’re teaming up with @TrustWallet to celebrate their users.
If you’re a TRUST user, claim your bonus here:
https://t.co/yQR3KYjnJK
Together, we’re making Web3 more fun, rewarding, and engaging.
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Just got started on this amazing quest by Trust Wallet x Limewire - 11/12 Advent Giveaway! Can't resist sharing this - the rewards are too tempting!
#intract@intractcampaign
It appears that @TrustWallet not only feels good but demonstrates terrific leadership.
The revenue from swaps has reached an all-time high (ATH) and has already surpassed that of MetaMask. This is particularly noteworthy given their disproportionate spending on maintaining a startup's pre-IPO phase.
https://t.co/tGilGm81wt
When considering additional revenues and unaccounted providers like SWFT Bridgers, we could be nearing $20M in fees per month.
If we factor in the potential integration of @Hyperliquidx, we could see annual revenue reaching $1BL in the long run, with minimal spending on the team.
Outsiders in this space have faded away. Bitget and OKX Wallet are engaging in wash trading on swaps, artificially inflating their statistics (THORSwap etc.).
The real competition in the Wallet space is now centered around:
- Trust Wallet MULTI Chain
VS
- Coinbase Wallet BASE Chain
These two share between 50% and 70% of the future on-chain market as top-tier infrastructure providers, essentially acting as on-chain keepers.
The swap infrastructure surrounding them is improving significantly. Providers are competing to offer the best bridging mechanisms and exchange paths.
For instance, @RangoExchange could potentially increase its performance tenfold in the next six months. This enhancement (and any similar) is partially designed to ultimately strengthen the position of $TWT holders.
*BTW* while they're receiving additional income from the TRUST Launchpool.
@TrustWallet clearly holds unambiguous leadership for Web3 smart money.