Development Update #1

Tiago Serôdio
C-Wallet
Published in
3 min readSep 13, 2021

Dear CardWallet community, welcome to the very first Development update. Roughly every 2 weeks we will provide an update about what has been going on, our achievements and a glimpse of what we will be working on next.

Next Thursday the 16th of September marks one month since our IDO started, so let’s quickly recap the results.

IDO Recap:

  • A total of 2,777,778 CardWallet tokens were sold.
  • A total of 78.88 ETH was raised.
  • The hard cap was smashed in under 1h and 37 mins!

CardWallet(CW) token related statistics(As of 12th September, 2021):

Total Supply — 1 billion (1,000,000,000 CW)

Number of holders — 1,851

Number of transfers — 7243

Contract Address — 0xd55236D48606c295adEbF129dAD04Fc74BFaA708

We have also launched a triple digit Liquidity Mining campaign, ending October 5th. Still plenty of time to participate in it. After the first month, Liquidity Mining APY will drop significantly.

Liquidity Mining Campaign Details:

  • $1,080,394 worth of liquidity has been provided so far.
  • The current APY for LM is around 200%
  • More in depth details, please check our Medium article
  • Step-by-step video tutorial

Apart from the token activities, we have also made significant progress in our product development:

  • Round-1 beta testing kicked off early September. You can find more about it here.
  • The app is pushed for review in both iOS and Google Play stores.
  • CardWallet is now live on the Google Play Store

Next steps

  • Integration of Cardano Native Tokens
  • Web3 development started.

CardWallet Social Media Activities:

Youtube:

AMA’s:

Notable Media Coverage:

Community Contests:

Here are some statistics associated with our social media groups:

  • Twitter: 18.6K followers
  • Telegram Community: 13K in total
  • Medium: 14k views in 90 days, 8.8k minutes read, 178 daily visits

The following charts show some relative comparisons regarding our social media engagement:

Fig 1.1: Social media numbers for Telegram and Twitter

Partners and Integrations:

For our MVP launch, we have secured partnerships with industry leading payments gateways that permit us to offer VISA, Mastercard and Apple Pay ramps.

We are currently in talks with several potential partners to start building the next phases of our development goals, which includes Web3 hooks, NFT support and our take on Stake Pool delegation.

Exchanges:

We are delighted to announce that along UniSwap v2 and v3 DEXs, we are now listed on two CEXs

Stay tuned for our next announcement!

About CardWallet

CardWallet is a non-custodial wallet solution built for the Cardano blockchain and several other protocols, incubated by the Occam Association. With out-of-the-box support for Cardano native tokens and Visa, Mastercard, and ApplePay fiat on-ramps, CardWallet is expected to rapidly become a major wallet provider for the entire crypto ecosystem. CardWallet’s strategic and technical partners already include Scalable Solutions, Simplex, Occam.fi, Nodeseeds and Crypto Dorm Fund. Learn more at CardWallet’s website.

Follow CardWallet’s social media channels to stay up to date with the latest news:

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