Introducing Coin Wallet, Coin Swap, and Coin DeFi tools.
Coin Wallet is an all-in-one decentralized cryptocurrency wallet, exchange, and AI assistant. Coin Wallet is non-custodial, lives in a browser extension, and includes an integrated cryptocurrency wallet for users to store popular digital assets such as Bitcoin, Ethereum, ERC20 tokens, and more. This makes Coin Wallet non-susceptible to hacks or loss funds as users are the only custodians that have access to their funds.
For exchanging assets, Coin Wallet leverages atomic swap technology to handle direct peer-to-peer transactions across different blockchains using hash time-lock contracts. HTLC smart contracts act as an escrow agent that helps facilitate a swap between two parties, using technology that replaces human involvement and interaction. Thus, removing any risk of corruption or bad behavior.
Starting today, you can now natively swap between Bitcoin, Ethereum, DAI, and $COIN without the need for any layer 2 solutions, requiring a network token, etc. Secure, trustless, and direct swaps across different blockchains are now possible between you and other users on the Coin network.
Today’s release of the Coin Wallet is just the beginning of our long-term vision. In the coming weeks, we will deploy an updated version that includes the Coin Assistant. The integrated AI assistant transforms the traditional financial experience by highlighting and providing insights for finance-specific keywords on any web page. Additionally, the Coin AI enables the ability to execute transactions by simply typing a command in any input field.
The combination of decentralized P2P technology, cross-chain interoperability, and AI integration, creates a secure and unparalleled experience to help consumers save time and money.
Download Coin Wallet here and expect an updated version with updates and bug fixes as soon as the Google Chrome App Store approves our latest build. (ETA is within the next two weeks)
What’s Next?
Following the update that is inclusive of the Coin Assistant, we will integrate support for more tokens in the Ethereum, Binance, and Polygon ecosystems. With community feedback, this has the possibility to expand across hundreds of tokens supported by these respective blockchains which will onboard thousands of new users into the Coin network. In turn, this growth will increase the number of transactions on the network, increase revenue, increase token buybacks and rewards for distribution to $COIN stakers, and create a perpetual cycle of demand and price appreciation for the $COIN token itself.
In conjunction with engineering Coin Wallet, we have developed a P2P cross-chain decentralized exchange that is compatible with popular Web3 cryptocurrency wallets and any Internet web browser called Coin Swap. It utilizes the same atomic swap technology in the Coin Wallet; however, does not include a native wallet and the Coin AI assistant. This enables users to connect their favorite web3 cryptocurrency wallet (including Coin Wallet) and does not require the installation of a browser extension. Coin Swap is a great alternative for users that seek the convenience of exchanging across different blockchains but prefer to use another wallet instead of the Coin Wallet.
Coin Swap will be released in the Fall of 2021. Private beta testing will commence with community members immediately.
The team has also been working to create an ecosystem of tools that aid users in executing common tasks in DeFi. This includes, but is not limited to, the following:
Coin Search is a search engine for the blockchain industry. The Coin search engine aggregates data from various trusted services and websites across the Internet and provides users with results for all blockchain-related queries in a simple user experience. Coin search also leverages Coin AI and NLP technology to help consumers quickly execute blockchain transactions using text messaging.
Coin Mint enables users to mint, burn, and post non-fungible tokens in the Coin decentralized marketplace for trading.
Coin Market is a decentralized marketplace for posting and trading any ERC-721 non-fungible token (NFT) in a simple user experience.
Coin Batch enables users to distribute ETH and other ERC-20 tokens to multiple wallet addresses in a single transaction saving them time, energy, and money.
Coin Lock (Time) leverages smart contracts known as Time Lockers to allow developers to publicly lock tokens for a predetermined period. Time-locked contracts can help build trust and transparency for investors during token offerings and prevents situations where developers have access to liquidate large quantities of the total token supply following the end of the offering itself.
Coin Lock (Pool) leverages smart contracts known as Liquidity Lockers to allow developers to publicly lock liquidity in Coin and Uniswap liquidity pools for a predetermined period. This avoids situations where developers unexpectedly remove liquidity from a project’s liquidity pool for personal enrichment or other nefarious reasons, hence providing investors with more protection and restoring trust in the market.
All of these products will also be available for private beta testing with the community soon. (a preview can be found here for early adopters on TestNet) Longer term, each will also be ported and support other ecosystems such as Binance and Polygon in the future.
What About Marketing?
While we would love to have millions of users on the network starting day one, we equally need to ensure that everyone’s experience meets their expectations. Marketing will slowly scale over time as we ensure that the network can scale and support user demand and the network is working as intended. This is an effort to prevent unanticipated black swan events. Additionally, no user or smart contract is ever at risk of losing any funds or hacks as we have seen with other competitors in the industry. By scaling growth, this minimizes risk to ensure that all participants of the network are protected. Expect marketing to continually grow over time including digital ad campaigns, influencer marketing, giveaways, and much more.
In Conclusion
While many have thought that our team has been solely focused on Coin Wallet… we have actually been heads-down focused on engineering an ecosystem of tools that aids users in managing their assets with personal sovereignty and autonomy. Although the Coin ecosystem is intended to draw new users into the Coin network, our core focus remains on cross-chain interoperability and the power of different blockchains working with each other. This becomes increasingly important as users desire to swap single minted NFT’s across different blockchain’s.
Our journey has been a long one, but from an investor perspective… it’s just starting. We believe that we are on the cusp of experiencing an inflection point for Coin that will rapidly accelerate our growth and interest. Similar to Uniswap’s path two years ago, we are optimistic about growing our market cap of under $10M to values comparable to our single-chain peers (Uniswap — $18B, Sushiswap — $1.6B, Pancakeswap — $5B, etc.) in the coming months. Click here to buy or swap $COIN.
Moving forward, expect more product releases, monthly updates, increased marketing, and more. We encourage you to download and use Coin Wallet, volunteer to test Coin Swap and the DeFi tools, and continue staking and accumulating $COIN rewards. From our team at Coin… thank you for your continued support and patience. We hope that our direction and progress demonstrates our commitment to the industry and our long-term vision / journey and hope that you continue to join us for the ride.
Join our Telegram and community conversations or say hi to us at any of the channels below:
- Website: coinde.fi or coindefi.org
- Facebook: facebook.com/coindefi
- Twitter: twitter.com/coindefi
- Telegram Chat: t.me/coindefi
- Telegram Announcements: t.me/coinannouncements
- Github: github.com/coindefi
- Medium: coindefi.medium.com
- LinkedIn: linkedin.com/company/coindefi
- YouTube: youtube.com/c/coindefi
