Arbitrum, a layer-2 scaling solution for Ethereum, recently launched an airdrop campaign for its native token, ARB, causing a frenzy among cryptocurrency enthusiasts. On-chain activity showed that some airdrop hunters were particularly successful in accumulating a substantial amount of ARB tokens worth millions of dollars.
According to LookIntoChain, a blockchain analysis platform, two wallets consolidated tokens from 1,496 wallets, collectively holding around $3.3 million worth of ARB. One of the wallets received 1.4 million ARB from 866 addresses and added all the tokens to Uniswap, a decentralized exchange, to provide liquidity. The other wallet received 933,375 ARB from 630 addresses.
Community members were curious about the identities behind the wallets and formulated their own theories. Some believed that the airdrop hunters were team members of the project, while others speculated that they might be hackers. A few members also expressed concerns about the potential impact on transaction volumes.
Despite the mixed reactions, some praised the airdrop hunters for their efforts, calling them names like “airdrop god.” Others believed that the hunters spent significant time and capital farming the numbers to accumulate such a large amount of tokens.
The hype around the ARB airdrop also spilled over into the over-the-counter (OTC) markets, where eligible crypto users started selling their tokens soon after the announcement. This indicates a strong demand for the token in the market.
However, the airdrop craze also attracted the attention of hackers. On March 24, some hacked vanity wallet addresses were used to steal $500,000 worth of ARB tokens from eligible airdrop participants, raising concerns about security risks in airdrop campaigns.
In conclusion, the ARB airdrop campaign generated significant attention from the cryptocurrency community, with some successful airdrop hunters consolidating millions of dollars worth of tokens. While the campaign was successful in attracting new users and creating hype, it also exposed potential risks associated with airdrop campaigns, such as security vulnerabilities and market volatility.
Cryptocurrency exchange Coinbase Global Inc. announced it has blocked 25,000 wallet addresses of Russian individuals or entities linked to illegal activities.
Paul Grewal, chief legal officer from Coinbase, said that the exchange use blockchain technology to detect threats and evade sanctions by checking sanctioned individual IPs and entity IPs to access Coinbase through a series of screening processes.
Grewal added:
“Coinbase blocks over 25,000 addresses related to Russian individuals or entities we believe to be engaging in illicit activity, many of which we have identified through our own proactive investigations. Once we identified these addresses, we shared them with the government to further support sanctions enforcement.”
While the Ukrainian government, as well as the U.S. government, have expressed their intentions for cryptocurrency exchanges to ban the Russian counterparts from accessing their trading platforms, major cryptocurrency exchanges such as Coinbase and Binance have said that banning users in Russia violates the original intent of cryptocurrencies. It, however, indicates that they will comply with government regulations restricting sanctioned individuals.
Previously, Coinbase’s Chief Executive Officer, Brian Armstrong, hasexpressed his thoughts on the calls from the public that cryptocurrency exchanges should ban Russian users from utilizing their services.
BlockWallet is a private, non-custodial Ethereum browser extension wallet that allows you to hide the amounts and the origins of cryptocurrency held by easily interacting with privacy smart contracts on Ethereum which is a decentralized, non-custodial, and frictionless manner.
The platform is an innovative solution that has met the increasing demand for privacy and anonymity. Its one-of-a-kind solution will create a new wallet address for you with the amount of crypto that you requested when you make a withdrawal.
This is achieved by using cryptographic proofs to ensure that the user cannot be linked with the original depositing address.
What Is BlockWallet?
With the boom of blockchain technology in finance, assets are no longer the picture of physical assets such as gold, art, wills, bonds, stock certificates, or cash which are carefully stored in a bank to secure.
Although you can keep all those assets away from thieves, it takes a lot of time to approach the market such as for sale or trade.
On the other hand, digital assets have opened a new era for more quick trade and easy hold in global economics.
As a result, many blockchain-based banking platforms with digital banking bringing traditional and blockchain banking services are increasingly born to meet the demands.
These services are more efficient and can facilitate real-time settlement, bringing down transaction costs, counterparty risk, and capital efficiency.
However, it can be denied that hackers’ attacks have got sophisticated as well, making banking platforms unable to stop improving their technology. Projects like BlockWallet continue to push innovation for asset management.
BlockWallet is able to ensure total crypto security and anonymity for you as well as is the most private, non-custodial cryptocurrency wallet.
Launched in 2020 by a group of tech consultants, software engineers, and developers who want to disrupt the most modern technology – blockchain, BlockWallet is a vision of the team to create the future of DeFi.
In addition to the smart contract functionality, the platform also integrates with Tor for a higher level of privacy. Functionality is going to be launched including DeFi web3 integrations as well as support for Metamask Snaps Plugins to allow for seamless connectivity and usage.
What is the BlockWallet Solution?
The cryptocurrency industry has challenged users’ perceptions towards the way financial operations are done.
While the values and beliefs in the immutability of blockchain technology are highly appreciated which is still the leading benefit sought after by people when participating in any DeFi activities, transparency is on the contrary.
Today, protecting one’s assets gets more attention than before. If given the option, users may choose to remain anonymous over revealing themselves and their wealth.
Unfortunately, users often must experience friction or deal with centralized entities when they want to keep less transparent and anonymous when participating in DeFi ventures with existing solutions.
Understanding these demands, BlockWallet is designed to offer real privacy for your cryptocurrency. Also, this means it allows you to reclaim your financial privacy on the blockchain.
The biggest problem that the platform has recognized is how everything can be tracked.
Did you know?
Anyone can access your dApps when you’ve connected your wallet. As such, people not only can know all your history transfers but also know how much crypto you have in your wallet.
To keep you safe from exposing yourself in each crypto transaction, BlockWallet develops a system that adds the ultimate protective layer to your crypto transactions along with other functions that other wallets offer in the market.
It’s a non-custodial Ethereum browser extension wallet focusing on privacy. In other words, users hide amounts and origins of funds by interacting with privacy smart contracts.
Each transaction is made to a newly generated wallet address and uses cryptographic proofs to break links between the user and the original deposit address.
Therefore, it can be seen that this browser extension breaks links between users and funds, adding an extra and necessary privacy layer to all activities.
The more the adoption of blockchain users is common, the more the problem with privacy is increased. With BlockWallet, you have rights to your privacy which shouldn’t be “opt-in”, but something you could occasionally “opt-out”.
Why BlockWallet?
As mentioned before, BlockWallet’s built-in privacy is currently a one-of-a-kind solution that the market hasn’t seen in the past.
It is also an advantage over existing competitors in the cryptocurrency industry like Tornado.Cash which also uses smart contracts, or Metamask, is a private but not anonymous wallet.
The wallet focuses on anyone who wants to store their crypto non-custodial and in a private way. While the recent hacker attacks are showing the frightening trend as you don’t know who will attack, the non-custodial wallet brings value to you with the untouchable privacy benefit.
How to Use BlockWallet?
BlockWallet is designed with a simple user interface. You can easily download the wallet from the Google Chrome store and install the extension in their browser.
Then, they can interact with any DApp and store their crypto which is like with any non-custodial wallet.
BlockWallet’s privacy pools use smart contracts to group the userbase’s funds together. Funds are deposited into a smart contract which can be later withdrawn to a new address. Also, zkSnark technology proves that users deposit their funds into the contract.
Every time you withdraw your funds, BlockWallet creates a new wallet address for you that contains the amount of cryptocurrency you requested. Transfers are implemented within the pool to ensure that they always are anonymous and untraceable.
BlockWallet will charge a 0.25% withdrawal fee for all transactions taken through the BlockWallet privacy pool. Other features without requesting privacy are going to be free.
BlockWallet Token
The native token of BlockWallet is $BLANK. Not only providing liquidity for the development of the wallet but the token also powering in its marketing activities.
The $BLANK token is mainly used to obtain additional benefits in the wallet and to monetize its value.
In addition, there are various ways for BLANK token holders to get the benefit when using, including fee reduction, token burn, rewards, exclusive features, “Access-First” functionality, and many more.
To date, the total supply is 125,000,000 tokens.
How to Buy the BlockWallet Token?
Although BLANK has been listed on a number of crypto exchanges, BLANK is an altcoin that requires you to transfer your coins to an exchange where BLANK can be traded. It cannot be directly purchased with fiats like other major cryptocurrencies.
To buy BLANK, you must first buy Bitcoin, ETH, or USDT from any exchange then use it to buy BLANK.
When the KYC process is finished, you will be asked to add a payment method. Depending on the crypto exchanges, you can use a credit/debit card or a bank transfer to make payment and buy one of the major cryptocurrencies such as Bitcoin, ETH, or USDT.
Then, transfer your cryptos to an exchange that BLANK can be traded.
Once finished you will need to make a BTC/ETH/USDT deposit to the exchange to purchase BLANK from the exchange.
Buy $Blank from:
BlockWallet is Here to Help!
Cryptocurrency banking platforms or cryptocurrency vaults have become popular and make a new future for asset management. Not only is crypto held in a vault where it can be kept safe but it is also used to generate yield over time.
BlockWallet has opened better privacy in the wealth management space. As more and more people turn to managing their wealth via cryptocurrency, it can be seen that achieving privacy becomes all the more important.
To learn more about BlockWallet – please click here!
Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.
OpenSea has acquired Dharma, an Ethereum wallet project, to help build its team and scale over the next year.
Dharma will sunset its wallet product over the next month, and its co-founders will join OpenSea in new executive roles.
OpenSea is growing rapidly thanks to the rise of NFTs and the “Metaverse” trend that is promoting them.
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OpenSea, the largest non-fungible token marketplace in operation, has acquired Dharma in a private deal.
OpenSea Team Gets New Execs
With this acquisition, OpenSea will bring on board Dharma, whose team developed an Ethereum wallet with the defining feature of allowing users to buy crypto directly from their bank account.
OpenSea did not say precisely what efforts to which the team would contribute. Rather, it said that the acquisition will help it “[build] across…core priorities” such as product development, improving trust and safety, and investing in the NFT and Web3 ecosystem.
The new acquisition will also help OpenSea expand its team. Dharma’s CEO and co-founder, Nadav Hollander, will serve as OpenSea’s Chief Technology Officer. Dharma COO and co-founder Brendan Forster will serve as OpenSea’s Head of Strategy.
OpenSea did not disclose the terms of the deal. However, earlier speculation from Axios around the acquisition suggested that Dharma was worth $110 million to $130 million.
Dharma Wallet Will Come to an End
Dharma says that it will “sunset” its wallet over the next month and has instructed users to withdraw their funds before Feb. 18.
Funds can still be accessed after that date through a dApp, according to the Dharma team. However, the company strongly discourages waiting. To encourage early withdrawals, the company is offering free withdrawals over the next 30 days for Ethereum-based withdrawals over $100 and Polygon-based withdrawals of any amount.
Dharma says it is discontinuing its wallet because it does not want to “shoehorn” it into OpenSea’s operations—though it noted that “mobile wallets may very well play a key role in OpenSea’s future.”
Currently, it is possible to use most Ethereum wallets with OpenSea, including MetaMask, Coinbase Wallet, and TrustWallet.
This month, OpenSea hit an all-time high for daily trading when its one-day volume hit $261 million on Sunday, Jan. 9. OpenSea also broke monthly records this week when its trading volume surpassed $3.5 billion on Sunday, Jan 16. That amount is just above the $3.42 billion monthly record it set last August.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies.
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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
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Robinhood is preparing to offer its cryptocurrency wallet to tens of thousands of users beginning in January.
The cryptocurrency wallet will allow users to withdraw crypto for the first time since crypto trading was added in 2018.
Robinhood has not yet announced when the wallet will leave beta or be available to the general public.
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Robinhood, a popular crypto and stock trading app, is closer to introducing its cryptocurrency wallet with an upcoming beta program.
Beta Phase Will Begin in January
Robinhood is preparing to launch the beta version of its cryptocurrency wallet next month.
The company revealed in a blog post on Wednesday that the alpha testing phase of its wallet app is now complete. During that phase, the company “sought feedback from a tight-knit group of customers” who gave feedback on design and functionality.
Next, the Robinhood will open its beta testing program to thousands of waitlisted users. Its cryptocurrency COO, Christine Hall Brown, has suggested that the feature will be made available to “tens of thousands of customers.”
In its announcement, Robinhood revealed some features that those users asked for, such as educational content, multiple wallets for different crypto assets, and security features.
Notably, Robinhood intends to clarify transaction fees by distinguishing its own zero-commission services from blockchain fees. “Alpha testers want[ed] that information at the time of transfer in a simple and understandable way,” it explained.
Robinhood is primarily a stock trading app. It initially allowed users to invest in Bitcoin and other cryptocurrencies in 2018.
However, in the absence of a crypto wallet feature, users were only able to withdraw their cryptocurrency investments as cash balances. That limitation was widely criticized by the crypto community, and Robinhood initially announced that it would introduce crypto wallets to its app in September 2021.
Robinhood said that the waitlist for its wallets attracted 1 million users within 30 days of that announcement. It also said that more than 1.6 million people have signed up in total.
The company has not revealed when the final version of its wallet will be available to the general public.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies.
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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
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In a market hampered by siloed blockchains, reliance on centralized exchanges, and convoluted means of onboarding the $6.6T per day Forex market on-chain, Onomy Protocol is building the rails needed to make the DeFi ecosystem more accessible for institutions and retail users worldwide.
It will do this by simplifying the DeFi onboarding experience through a suite of products that connect to the wider blockchain universe. These include a layer-1 scalable chain, DeFi access wallet, and Onomy’s cross-chain trading ecosystem, enabled by a hybrid AMM & order book decentralized exchange (DEX), and designed to allow seamless trading of cryptocurrencies and Forex pairs.
Powered by the Onomy Network (ONET)
Onomy Protocol runs on its own application-specific blockchain network, based on Cosmos Tendermint. As a layer 1 Proof-of-Stake chain, the ONET will be 100x more efficient than the Ethereum network from day one, whilst also gaining interoperability capabilities, massive throughput, security, and the fast finality characteristics required to seamlessly trade pairs across supported blockchain networks.
Advancing Decentralized Trading
Onomy’s cross-chain Hybrid DEX will be a powerful portal that breaks down the siloed monoliths of the blockchain and fully opens up the Web 3.0 economy for the financial sector to maximise its potential.
By now, it is known that AMMs and order books each have unique selling points such as unlocking the role of an AMM liquidity provider, but also limitations. In contrast, order book trading is the cornerstone of the traditional world user experience, consisting of limit, market, and stop orders. Thus, it does make sense to create a hybrid system that incorporates the best of both worlds, paving the way to a better trading experience and speaking to both traders and liquidity providers.
Onomy’s Hybrid DEX operates with a unique AMM + decentralized order book system. The order book enables features that were the preserve of centralized exchanges, such as market orders, stop loss orders, limit orders and advanced charting. These features will be available to users in a decentralised, on-chain environment. Moreover, the AMM opens up novel reward opportunities for those who engage with the DEX, such as liquidity providers (LPs).
On-Ramping Forex into DeFi
Onomy Protocol will give institutions the means to bring the Forex trading market on-chain. This colossal market, through which $6.6 trillion sloshes daily, is still hampered by the bureaucratic and ponderous systems which govern it, and the powerful market makers that rule it. By creating a streamlined entry route for retail and institutional user bases to access stable virtual representations of fiat currencies that can be exchanged at the lightning pace required, it will allow them to have access to malleable digital assets and avoid the volatility and friction typically associated with the crypto market. On the same note, Onomy’s careful approach towards protocol security through the usage of TLA+, formal verifications, and audits, provides the peace of mind required for the convergence of centralized and decentralized finance.
Onomy users will be able to mint fiat-pegged denominations, called Denoms, of fiat currencies they require to execute their trades, like the Japanese Yen, Swiss Francs, Euro, or others. These will be issued by the Onomy Reserves (ORES) by locking the protocol’s utility token NOM, as collateral. Then, a series of mechanisms spin into action to guarantee that Denom prices remain pegged to the value of the underlying fiat currencies. This flexibility will significantly expand the stablecoin options available to both institutions and consumers, which are currently mostly linked to the US Dollar.
Denom usage is not limited to Forex trading – rather, as Onomy gains adoption, Denoms can become a standard part of diversified portfolios, be used to tap into yield opportunities, sent cross-border for remittance, or utilized as standard means of P2P payment.
These Denoms are chain agnostic and are freely tradable across multiple blockchain networks without having to go through centralized gatekeepers, whilst improving access to the DeFi space. So far, named networks Onomy is building bridges which include Ethereum, Near, Cosmos, Avalanche, Cardano, Polkadot, and others, effectively becoming the simplest way to enter and exit asset ecosystems, while enabling next-generation DeFi connectivity.
DeFi from a Single Mobile Wallet
Having to constantly handle multiple browser extensions to access the emerging DeFi ecosystem imposes unnecessary friction that further hardens the learning curve, especially for novices.
As an answer to this limitation, Onomy is also creating a DeFi access wallet, through which users may seamlessly manage, send, and receive assets cross-chain, while interacting with staking and governance processes. Coupled with an NFT collection sub-feature, managing NFTs from multiple blockchains will become significantly easier.
The technology behind Onomy Access utilizes Natural Rights, a simple and non-custodial sign-on experience that enables logins and device authorization with simple QR code scans.
NOM Utility & Distribution
The NOM utility token will be a central piece to the Onomy ecosystem, granted that it acts as collateral towards the minting of decentralized stablecoins, whilst also being required by validators who must stake or delegate NOM in order to secure the network and obtain rewards. Furthermore, NOM also unlocks governance rights within the Onomy DAO, allowing those involved in the network to shape and direct the future direction of the protocol as it develops.
Onomy Protocol is launching within the next couple of months, with its first products being the ONET mainnet, Onomy Access Wallet, Onomy Bridge, and Bonding Curve, followed by the Onomy Exchange, Onomy Reserve, and more products in the future. The protocol has already successfully completed its first testnet, with a 2nd iteration scheduled in the short-term future.
The Bonding Curve Offering is an ETH-based AMM contract & interface that will govern the distribution of NOM onto the open market. Unlike IDOs and other token distribution models, BCOs provide deterministic pricing, instant liquidity, and market collateralization as tokens are only minted as they are purchased and bridged.
Put simply, the more NOM bought from the contract, the higher the price, with the BCO ending when 1 NOM = 1 ETH. This model avoids the issues of fixed prices being set with no consideration of market demand, and creating appropriate liquidity without a mass dumping of supply on the open market. Selling NOM back to the BCO is indeed possible, but users may also avail of significant utility and incentives by bridging NOM to the Onomy Network. It is ONET-based NOM that has utility within the ecosystem and will be listed on centralized and decentralized exchanges.
Bringing Banking onto the Blockchain
Onomy Protocol plans to ultimately serve as the world’s decentralized reserve bank. By having pure, on-chain, non-custodial ecosystem for the world’s global fiat and crypto assets, it will usher in a new conception of digital asset trading that is faster, fairer and more fungible, with none of the frictions and settlement risk that traditionally occurs in and impedes these markets.
Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.
With crypto-assets becoming more and more popular, the need to store this particular form of asset is growing. One of the names in the current market is Safle, a cryptocurrency wallet that not only has special support from blockchain but also builds in its system very special features.
What is Safle?
Safle is a blockchain identity wallet with a variety of functions for securely storing your assets via secure private key management.
You can use it on mobile devices and desktop browsers, and you have complete control over your private key. You can use Safle to send, receive, and store crypto assets, as well as use the dApp browser to access hundreds of dApps (decentralized applications) and participate in staking.
The team’s mission is to build a truly democratized ecosystem, give participants benefits and value through integrating a Web3 browser that allows users to access Dapps that meet the strictest quality and security standards.
Safle is part of the Safle Network and also Mainchain Research & Consulting. It is Safle’s native wallet, which allows users to trade cryptocurrencies directly on the platform while maintaining complete control over their assets.
Safle helps users to optimize personal wallet management, you only need to store a single backup copy of asset content. This wallet also keeps your data private and secure at all times and never accesses any of your personal information.
Safle Advantages
Safle wallet has a very modern and user-friendly UI. The wallet’s tabs are also designed to be easy to use and quite logical.
Safle allows you to trade from anywhere, at any time. While trading from anywhere, you have total custody and control of your funds.
Tokens saved in the wallet can also be used for a variety of additional activities, such as staking, trading, and playing Dapp games integrated into the wallet.
You won’t have to worry about the complexity and novelty of blockchain technology at all because it is a hosting network exclusively for dApps, following the highest security standards.
The digital wallet is always committed to the safety of users while in use. In addition, the Safle wallet system does not collect personal information with this service, in order to ensure the identity of the user.
Safle Key Features
Safle Token ($SAFLE)
Safle toke ($SAFLE) is the native token of the Safle, taking both the utility role and the governance role of the ecosystem. Early supporters and adopters can receive $SAFLE as a reward for their contribution to the growth of the system.
Additionally, participants likewise get $SAFLE by locking a certain amount of tokens. In other words, will stake tokens on smart contracts to validate transactions. Rewards will be given to participants as an incentive for their contributions.
A portion of the initial supply is used to expand the ecosystem and develop the underlying technology.
Further details on the tokenomics are as follows:
Seed: 3%
Private sale: 7%
Public sale: 5%
Strategy: 3%
Community: 14%
Staking rewards: 20%
Incubatees: 5%
DAO community partnership: 5%
Reserves: 5%
Founding team: 12.5%
Marketing investment and ecosystem growth: 22.5%
Initial liquidity provision: 2.5%
SafleID
SafleID enables users to get onboard and manage SafleID wallet resolution through Lifecycle Management’s integration. SafleID wallet is compatible with smart contracts running on blockchains like Ethereum, Polygon, or Binance Smart Chain.
Unlike other wallets, SafleID provides multi-features such as multi-sig, time-locks, daily limits, trusted contacts, and seedless recovery, eliminating security risks. In the case that key storage servers are hacked, SafleID ensures that only users can access their private accounts.
SafleVault
SafleVaut’s major advantages include availability, flexibility, and security. These are underlying key components SafleVault’s unique structure lies in its six protected layers of encryption.
All private keys are stored in the vault. Each will be present under a single seed phrase to encrypt the vault and keep it safe from attack.
Users can install the vault on the cloud system, or their devices, or anywhere they want with ease of mind. To decrypt the vault, simply fill in the password or biometrics.
SafleVault makes it possible for users to store digital assets in their wallet address instead of having to store them on an exchange wallet. As a result, investors avoid the risk of unnecessary loss of assets when exchanges are hacked or hacked.
SafleKeyless
SafleKeyless enables users to sign transactions within any decentralized application that has been integrated with SafleKeyless. Safle users can connect their Safle wallet with the dApp using SDK.
With SafleKeyless, it’s now easy to sign transactions and assert identity without having to jump through hoops or install any additional software on your devices.
SafleNode
SafleNode is designed to better suit developers of all levels. SafleNode consists of various tools that assist developers throughout the process of building applications.
With only a few lines of code, developers may integrate SafleKeyless as a wallet provider into their decentralized applications (dApps).
Open APIs for real-time blockchain and cryptocurrency data are also made available to developers through wallets, and these APIs can be used for price indicators, block information, chain analytics, and other cases.
All of these services are accessible through a state-of-the-art dashboard that can be accessed using the Safle developer’s app. $SAFLE will be used as a method of payment for all paid services.
SafleSwap
The swap feature of the wallet allows users to quickly convert their digital assets into other forms of assets for their convenience. Safle integrates a decentralized exchange with many coin and token pairs.
Transactions will be made directly between users without going through any intermediary.
Traders only need to choose the trading pair, the number of tokens or coins they want to buy and sell, then press the button to complete the trading order.
Stake & Farm
With Safle wallet, users can interact with a variety of staking services. They can directly stake their digital assets and generate yields.
The rewards are distributed into their wallets. Since the launch of DeFi protocols, staking will become more diverse. And as more tokens’ launch is underway, users will have a bunch of options to stake and get a higher annual percentage yield.
$SAFLE staking allows users to stake their cryptocurrencies in one single click from their non-custodial wallet, resulting in large yields while minimizing risk. Users who stake using Safle will also receive $SAFLE as an incentive.
SafleSmartPay
SafleSmartPay is a special feature designed for merchants, enabling them to join the Safle ecosystem. With merchant wallets, merchants can make payments for goods and services using cryptocurrency.
This feature also allows auto swapping, offering merchants complete control over their inflow currency, whether fiat or any specific cryptocurrency.
In addition, they’re able to create multiple child wallets from their master wallets and manage their inflow.
SafleDAO
As the name implies, SafleDAO is a decentralized mechanism that is governed by a community of $SAFLE holders. SafleDao is aimed at leading to outcomes that are in the best interest of the network.
SafleDAO provides an operating system for open collaboration, in which $SAFLE holders can make proposals and steer the Safle ecosystem. The operating system allows individuals and organizations to collaborate without having to know or trust each other in advance.
Created by the Safle founding team, the structure is then self-governed as no single entity has the authority to make and enforce decisions. Simply put, it’s automatic and operates by itself according to the machine code and pre-existing rules without anyone controlling it.
Final Thoughts on Safle
Asset storage is extremely important for cryptocurrency holders.
Although hackers are now eyeing exchange wallets, users should be cautious of keeping their wallets secure. With Safle wallet, users will have more peace of mind when storing cryptocurrency.
Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.
