Is TranslucentTB.exe A Virus or Malware: TranslucentTB.exe is not a Virus.

Is TranslucentTB safe to use?

Yes it is safe. Contact the developer /u/IronManMark20, he may be able to explain the permission usage. If you don't the tl;dr is our app is required to use these permissions by MS, and many other well known apps such as Sportify, WhatsApp, and others also have these same permissions.

What is TranslucentTB?

TranslucentTB is a lightweight program that lets you make your Windows taskbar clear. So, instead of having a traditional opaque taskbar, this app lets you make yours see-through. ... You can choose whether to make your taskbar totally transparent, slightly translucent or leave it opaque and change the color.