What is Kirobo?
As the cryptocurrency industry continues to grow, security and convenience have become essential requirements. Kirobo, a decentralized application (dApp) platform, has come up with a solution to add a safety layer to the most popular and lucrative activities in the ecosystem. In this article, we will dive deep into Kirobo and learn how it provides a secure and convenient way to manage crypto assets.
Kirobo is a platform that offers a non-custodial solution to the challenges hindering mass adoption of cryptocurrency and loss of assets. The network aims to make crypto management as secure and convenient as online banking. As a non-custodial platform, Kirobo's tools are offered from a single, consolidated platform called the ‘Liquid Vault.’
In a custodial system, users rely on the company to operate their assets. Most trading occurs on centralized exchanges as they are easy to use and offer high liquidity. However, centralized exchanges attract hackers, given that the system is custodial and requires KYC data. In contrast, decentralized exchanges offer a non-custodial alternative. The problem with decentralized exchanges is slippage. Users can lose funds during swaps via a DEX since making deals changes the shared trading pool balance, which changes the price of the tokens.
To address these challenges, Kirobo's Liquid Vault is a decentralized and on-chain wallet with integrated applications creating an all-inclusive DeFi operations platform. The services offered by Kirobo's vault include:
- Safe Transfers: Kirobo's Liquid Vault offers password-protected transfers that can be easily retrieved in case of a mistake. This feature ensures that the transaction is secure and error-free.
- Backup: The Liquid Vault integrates a wallet replacement mechanism to prevent loss of asset access. This feature provides an extra layer of security for users.
- Automatic Allocation: The platform offers automatic allocation to various recipients following inactivity. This feature ensures that the funds are not lost due to inactivity.
- Direct Peer-to-Peer Token Swap Service: Kirobo's Liquid Vault offers a direct peer-to-peer token swap service, eliminating the need for a third party.
In addition, the platform retains transaction history, including relevant addresses, amounts, messages, etc. The forum's Liquid Vault requires a small fee to open it and access all activities within. At the same time, a stake is needed for ‘Backup and Inheritance’ activation. The stakes can be retrieved and are essential to pay system activators. Inheritance refers to defining crypto wallets representing heirs, defining the amount each user receives, and setting a timer via the interface. The service must be periodically reset by the user. Lastly, KIRO is the ecosystem's native digital currency and is used for trading on the platform.
Kirobo is a platform that provides a secure and convenient way to manage crypto assets. Its non-custodial approach, along with its integrated applications, makes it an all-inclusive DeFi operations platform. With its safe transfers, backup mechanism, automatic allocation, and direct peer-to-peer token swap service, Kirobo ensures that users have complete control over their crypto assets. Furthermore, KIRO, the ecosystem's native digital currency, is used for trading on the platform, providing users with additional benefits. Kirobo's Liquid Vault is a game-changer in the crypto industry, providing a much-needed solution to the security and convenience of crypto management.
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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