CardWallet

CardWallet

CW
$0.00002986%-55.60

Key Metrics

Price$0.00002986
Real Volume (24H)$0
MarketcapN/A
Fully Diluted Valuation$1,636,407
ATH$1.19
ATH Date9/7/2021, 7:13:56 AM
ATL$0.0009947
ATL Date12/21/2022, 11:06:30 PM
Circulating Supply51M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank6986
Chart
What is CardWallet?

CardWallet (CW) is a next-generation non-custodial wallet for the Cardano blockchain that provides users with a complete suite of DeFi capabilities, such as storage, exchange, trading of native Cardano tokens, staking, delegation, liquidity mining, and more. It also offers FIAT on/off-ramps services, making it easier for users to send, store, and receive fiat currencies in a secure manner. CardWallet was launched in May 2021 by Tiago Serôdio and Victoria Vaughan, both veterans of the cryptocurrency industry.

The goal of CardWallet's development is to make the concepts of DEX, staking, and yield optimization more user-friendly, with a clear interface and a basic set of functions. The project was designed to address some of the problems in the industry, including the lack of comprehensibility of the DeFi structure, the high barrier to entry into crypto, and the inconvenient UX/UI. With over 30 fiat currencies and 5 languages supported, CardWallet is poised to become one of the leading DeFi wallets for sending, receiving, and storing cryptocurrencies.

CardWallet is a community-driven product that acts as the foundational tool for managing assets and interacting with applications in the Cardano ecosystem. The wallet offers a DAO governance structure, with users staking CW, voting, and benefiting from community participation through CardWallet's utility token - CW. Cross-chain exchange functionality is provided via the MVP and a liquidity mechanism, with major holders of CardWallet tokens able to exchange assets with zero commission. CardWallet also supports NFT storage and trading capabilities.

CardWallet developers have built a clear and accessible interface that offers user-friendly design, easy access via PIN code and biometric authentication, and fast FIAT transactions in cryptocurrency. The wallet rewards community members for participating in debates, staking tokens, inviting other users, voting, suggesting improvements, and contributing to the development of the CardWallet ecosystem. The creators of CardWallet use a buy-back system to create a shortage of the CW token, increasing its value, with 25% of the net revenue going to buy back CW on the open market and burn them.

CardWallet has a mobile version of the application available on the Google Play Store and Apple’s App Store. It is actively developing a web3 implementation for the nascent Cardano ecosystem. In addition to supporting crypto assets, the wallet works with Visa, MasterCard, and Apple Pay. The list of strategic and technical partnerships includes Scalable Solutions, Simplex, Occam.fi, Nodeseeds, and Crypto Dorm Fund. The advisors of CardWallet include experts like Fernando Gutierrez, Florian Bohnert, and Jesus Gonzalez.

In conclusion, CardWallet is a community-driven non-custodial wallet for Cardano that provides users with a complete suite of DeFi capabilities, FIAT on/off-ramps services, and a clear interface that offers user-friendly design, easy access via PIN code and biometric authentication, and fast FIAT transactions in cryptocurrency. With its focus on community participation and engagement, CardWallet is poised to become one of the leading DeFi wallets for sending, receiving, and storing cryptocurrencies.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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