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What Is CardWallet (CW)?
CardWallet (CW) is a next generation non-custodial wallet for Cardano with FIAT on/off-ramps services. The project aims to provide users with exceptional utility and functionality in order to disrupt the crypto market. It offers a comprehensive set of features including storage, exchange and trading of native Cardano tokens, staking, delegation, and liquidity mining. CardWallet also supports other protocols, blockchains, and native tokens, addressing the industry's challenges such as the complexity of DeFi, high entry barriers, and inconvenient UX/UI. With full asset ownership, users can securely send, store, and receive fiat currencies using CardWallet. The wallet is available as a mobile application on Google Play Store and Apple's App Store, and a web3 implementation for the Cardano ecosystem is currently being developed. CardWallet supports over 30 fiat currencies and is available in 5 languages, positioning itself as one of the leading DeFi wallets for cryptocurrencies. The IDO (initial decentralized offering) for CardWallet's utility token, CW, took place from August 16 to 18, 2021 via the OccamRazer platform.
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What Is CardWallet (CW)?
CardWallet (CW) is a next generation non-custodial wallet for Cardano with FIAT on/off-ramps services. The project aims to offer users extraordinary utility and functionality by combining useful tools like storage, exchange and trading of native Cardano tokens, staking, delegation, and liquidity mining. It provides a complete and essential pool of functions for Cardano users as well as a full suite of DeFi capabilities.
The project was developed to address the problems in the industry, such as the lack of comprehensibility of DeFi to the audience, high barriers to entry into crypto, and inconvenient UX/UI. The mission of CardWallet is to create a simple and decentralized wallet with a clear interface and user-friendly concepts of DEX, staking, and yield optimization.
CardWallet users have full ownership of their assets and can securely send, store, and receive fiat currencies. The wallet also supports Visa, MasterCard, and Apple Pay. It has a mobile version on the Google Play Store and Apple's App Store and is actively developing a web3 implementation for the Cardano ecosystem. With support for over 30 fiat currencies and 5 languages, CardWallet aims to become one of the leading DeFi wallets for cryptocurrencies.
CardWallet was launched in May 2021 by Tiago Serôdio and Victoria Vaughan. Tiago Serôdio, the CEO of CardWallet, is an industry veteran with experience in blockchain projects like Cardano, Occam.fi, and HUMAN Protocol. Victoria Vaughan, the COO of CardWallet, is the former CEO of Cointelegraph and has been involved in crypto since 2013.
CardWallet is unique as a community-driven product that acts as the foundational tool for managing assets and interacting with applications in the Cardano ecosystem. It offers centralized and decentralized execution venues, streamlined exchange processes, ADA token placement and delegation, cross-chain asset exchange, and a DAO governance structure. Users stake CW, vote, and benefit from community participation through CardWallet's utility token - CW. The wallet also supports NFT storage and trading capabilities.
The developers have built a clear and accessible interface with 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 ecosystem. The creators use a buy-back system to create a shortage of the CW token and increase its value.
The team created an engagement metric to facilitate the direction of their community-centric tokenomics. The tokenomics are divided into 4 stages, with incentives related to the interaction with CardWallet. This system transfers power to the token holders and larger community, making the product completely decentralized and centered on the community.
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