Introducing Coin Wallet V3 and Coin Swap

Coin Wallet

Since the start of the year, we have pushed hundreds of commits on the Coin Wallet and deployed three public releases. Starting from V1, Coin Wallet evolved from a desktop cross-chain platform to a browser extension in V2. V3 represents another huge milestone for the network which includes optimizations, fixes, and the integration of our AI assistant.

In addition to a non-custodial wallet and decentralized cross-chain exchange for popular tokens and ETH — ERC20 / BSC-BEP20 blockchains, Coin Wallet has a myriad of features you can find here. In our latest release, Coin Wallet V3 includes updates pertaining to EIP-1559, optimization on gas and network fees, and our AI Assistant. Please review the release notes for the features and fixes of this release here.

AI Assistant

The integrated AI Assistant for the Coin Wallet is now live! Coin Assistant is the world’s first financial AI assistant for digital assets intended to help users save time and money. Dubbed as the “Grammarly” of crypto, the integrated AI assistant transforms the traditional financial experience by highlighting and providing insights for finance-specific keywords on any web page.

Intent Recognition from Any Web Page

The assistant also enables the ability to execute transactions by simply typing a command in any input field. ie. “Send $50 Bitcoin”. For those who prefer extra assistance, the assistant can help users buy, send, and exchange transactions in a guided step-by-step process using any input field on a web page. What is currently considered a complex and daunting task for the average consumer, can now be completed in a matter of seconds. Users can also ask the assistant anything from the price of Bitcoin to the 24hr volume on Binance. 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.

Intent Recognition from Text Input

The initial release of the integrated assistant will be limited to a few core keywords (text and intent recognition) to help users focus and learn the general functionality of the assistant itself. Intent and recognition will continue to be expanded as we improve the neural engine for the assistant. Future versions will be more robust in knowledge and also include support for voice. You can use this guide to help you use the assistant.

We are also exploring other use cases for our assistant technology including an in-browser chat widget that companies can use to allow users to interact with their wallet, offer support, engage with their community, and more. This would allow the assistant technology to be used without requiring a download and can be used as a service by any company. While this is still in its early stages, this could represent a new opportunity and stream of revenue for the company as well. Here’s a preview below:

Coin Wallet currently has 85 Five Star reviews and hundreds of downloads to date. With an integrated cross-chain DEX and AI Assistant, we are here to take share from other popular browser extension wallets such as Metamask (Etherem single-chain) and Phantom (Solana single-chain). You can download and begin using Coin Wallet V3 here!

Coin Swap

Coin Swap is our desktop P2P cross-chain decentralized exchange that is compatible with popular Web3 cryptocurrency wallets and any Internet web browser. It utilizes the same atomic swap technology in the Coin Wallet; however, does not include a native wallet or the Coin Assistant. This enables users to connect their favorite web3 cryptocurrency wallet (including Coin Wallet) and does not require the installation of a browser extension.

The initial version of Coin Swap supports cross-chain swaps between BTC <> ETH <> COIN. However, we are limiting this release to only connecting with Metamask at this time (which is not compatible with Bitcoin). Therefore the scope of this release is focused on only Metamask Web3 wallet integration and ERC20 swaps until later in Q1 by which Coin Wallet will be supported (as Coin Wallet is cross-chain and supports Bitcoin as well).

Since this is a new platform and we are dealing with real user funds on MainNet, we want to scale the release of the product to ensure that there is no risk of losing funds or unexpected issues that haven’t been accounted for during our quality assurance / testing. In addition to cross-chain swaps, we are extremely excited about Coin Swap as future versions (already developed) include intelligent routing technology that optimizes user fees, user-provided automated market-making (AMM) liquidity pools, and yield farming. These features are currently being tested and will be released in the near future.

You can review the release notes for V1 here and begin using Coin Swap today!

What’s Next?

As previously committed, we have also created a new liquidity pool to rebalance the liquidity to previous ratio levels on Uniswap. The new liquidity pool is now live on the latest version of Uniswap V3 (instead of the previous version of Uniswap V2). You can find details of the pool on Dextools and trade $COIN here on Uniswap. Excess $COIN from the rebalance has been added to the reserve smart contract and as normal, be automatically distributed as rewards for stakers on the network.

Below you will also find what’s upcoming for the network and family of Coin products.

Engineering

  • Coin Wallet
    - Additional support and liquidity pools for popular tokens
    - Increase the neural net for the AI Assistant to handle more scenarios and use-cases
    - Voice support for the AI Assistant
  • Coin Swap
    - Additional support for Web3 wallets including Coin Wallet
    - User AMM liquidity pools
    - Yield farming
  • DeFi Tools
    We will be opening private beta testing for our DeFi tools such as analytics, batch sending, token locks, and more.

Operations

  • Marketing including influencer, digital ads, and more
  • Exchange listing and marketing making
  • Partnership announcements

2021 has continued to remain a challenge for the entire world. We are in unique times as we adjust our lives to a global pandemic, rising inflation, and more. Despite this, our industry continues to flourish with more adoption than ever… both at the consumer and institutional level. It’s clear that cryptocurrency and the blockchain industry are here to stay. In this year, we’ve been able to deploy three major releases for the Coin Wallet, Coin Swap, with more updates coming in January. The culmination of all of this hard work is coming to fruition. We are starting to hit all cylinders with our firm core team and are excited about what 2022 will bring. We truly believe that we will hit an inflection point and gain the traction we need to grow the network into a viable force in the market. We hope that you are as excited as we are!

During these times, we hope that you all continue to remain healthy and safe. We wish you all a wonderful holiday season with your loved ones. From our team at Coin, THANK YOU! We sincerely appreciate your continued support through 2021 and look forward to what the new year has in store for all of us.

Join our Telegram and community conversations or say hi to us at any of the channels below:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store