CWallet price

CW

CardWallet (CW) is a next generation non-custodial wallet for Cardano with FIAT on/off-ramps services. The development of the project began in the spring of 2021 with the goal of shaking up the crypto market and offering users extraordinary utility and functionality. The CardWallet features a combination of useful tools like storage, exchange and trading of native Cardano tokens, staking, delegation and liquidity mining. Thus, CardWallet provides a complete and essential pool of functions for Cardano users as well as a full suite of DeFi capabilities.

The project was originally developed for the Cardano ecosystem and was designed to support other protocols, blockchains and native tokens. The developers of the project observed and defined the following problems of the industry: the structure of DeFi is not entirely comprehensible to the audience; the barrier to entry into crypto is high; UX / UI is inconvenient. Thus, the mission of CardWallet was evident: to create a simple and decentralized wallet with a clear interface and a basic set of functions, making the concepts of DEX, staking, yield optimization extremely user-friendly.

CardWallet users have full ownership of their assets. With CardWallet, they can send, store and receive fiat currencies to complete transactions in a secure manner. In addition to supporting crypto assets, the wallet works with Visa, MasterCard and Apple Pay.

CardWallet has a mobile version of the application on the Google Play Store and Apple’s App Store. Moreover, CardWallet is actively developing a web3 implementation for the nascent Cardano ecosystem. With support for over 30 fiat currencies and 5 languages, CardWallet is poised to become one of the leading DeFi wallets for sending, receiving and storing cryptocurrencies.

CoinWallet’s IDO (initial decentralized offering) took place from August 16 to 18, 2021 via the OccamRazer platform.

Who Are the Founders of CardWallet?

CardWallet was launched in May 2021 by Tiago Serôdio and Victoria Vaughan.

Tiago Serôdio (CEO of CardWallet) is an industry veteran who was introduced to blockchain in 2012. Serôdio has contributed to the success and recognition of high-profile crypto projects like Cardano, Occam.fi, HUMAN Protocol. He worked with DASH, and invented Masernod as a service concept.

Victoria Vaughan (COO of CardWallet) is the former CEO of Cointelegraph, which she built from scratch and then launched to the forefront of the crypto space. Vaughan has been involved in crypto since 2013. Over the years she has acted as a consultant for the digital asset trading software company, Scalable Solutions, and for Bitcoin.com Exchange.

Among the advisors of CardWallet are experts like Fernando Gutierrez, Florian Bohnert and Jesus Gonzalez. The list of strategic and technical partnerships includes Scalable Solutions, Simplex, Occam.fi, Nodeseeds and Crypto Dorm Fund.

What Makes CardWallet Unique?

CardWallet is a community-driven product that acts as the foundational tool for managing assets and interacting with applications in the Cardano ecosystem.

CardWallet features:

Users have access to centralized and decentralized execution venues, streamlined exchange processes, placement and delegation of ADA tokens, asset exchange across some layer-1 networks, and a DAO governance structure.

How it all works: Users stake CW, vote, and benefit from community participation through CardWallet's utility token - CW. In addition, CardWallet supports NFT storage and trading capabilities.

Cross-chain exchange functionality is provided via the MVP and a liquidity mechanism: major holders of CardWallet tokens can exchange assets with zero commission. Additional benefits include access to a debit card, yield farming, ADA cashback, community rewards for participation in governance, and the ability to influence the development vector of CardWallet.

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.

CardWallet rewards community members for participating in debates, staking tokens, inviting other users, voting, suggesting improvements, and contributing to the development of the CardWallet ecosystem.

In order to create a shortage of the CW token, and therefore increase its value, the creators of CardWallet use a buy-back system: 25% of the net revenue goes to buy back CW on the open market + burn them. In doing so, users of the ecosystem can receive the benefits guaranteed by CardWallet.

Related Pages:

Read about Cardano (ADA).

Take a deep dive into Cardano with CMC Alexandria.

What is a wallet? Click here and find out.

Proof-of-Work vs Proof-of-Stake.

Hot Wallets vs Cold Wallets.

How Many CardWallet (CW) Coins Are There in Circulation?

The team created an engagement metric to help facilitate the direction of their community-centric tokenomics: 60% is assigned to systemic performance (how the community interacts with the product) and 40% to personal engagement (trading, staking, voting, testing, participating in competitions, referring others to CardWallet). Thus, this system of community-centric tokenomics transfers all power to the token holders and larger community, which makes the product completely decentralized and centered on the community.

Collective community action, as well as individual user action, is rewarded through discounts, early access to features, and the opportunity to participate in governance of the ecosystem.

CW tokenomics is divided into 4 stages (stages contain incentives that directly relate to the interaction with CardWallet):