The Multi-Crypto Wallet That Pays its Users 💸
Exploring Cassava’s powerful, all-in-one crypto rewards app 🎁
Getting as many people as possible on the blockchain and using crypto is extremely important, but so far the technology has simply been too complex and time-consuming for the average user to learn. Multiple apps, complicated swaps and expensive entry costs have long stood as barriers to widespread adoption, and yet these problems remain mostly unaddressed.
At Cassava we believe in accelerating blockchain adoption, but these challenges mentioned above have gone unsolved for a reason: they’re hard to crack. So we took a step back, deconstructed the problem, and came up with a (seemingly) simple challenge:
Why not make a powerful, feature-packed wallet that’s also easy to use?
Our answer to this question was the Cassava Network: a collaborative effort between us and all of our amazing partners that makes crypto easily available to everyone.
At the core of this network is our crypto wallet. The wallet app is where users can store assets, view NFTs, explore rewards, transfer funds, swap currencies and even access the incredible world of DeFi — all accessible through its sleek, intuitive interface. We want it to be the only app the average person will ever need, and with it we plan to take crypto to the world.
But first, let’s start with the basics.
What is a crypto wallet?
Anyone using crypto assets needs a crypto wallet. It’s a little bit like a regular wallet — you put your money inside it so you can easily access and use it later. Crypto wallets are a little more complicated than traditional wallets of course, as there’s a lot of programming that goes into making them. And not all wallets are the same — sometimes you need multiple wallets across different blockchains, other times one wallet is enough to cover most of your assets. Some wallets are feature-rich, others offer just the essentials.
While some people benefit a great deal from things like cold storage wallets (meaning the wallet and the tokens they hold are entirely offline), the average user wants easy access to their crypto. They don’t want to go through fifty different steps just to transfer funds. And they don’t want to have to use five different apps just to make an exchange.
In the past these tech-focused wallets sufficed. But if we want blockchain adoption to accelerate we need to ensure that the experience is as easy as possible — and simplifying crypto begins in the wallet.
How does Cassava solve this problem unlike anyone else?
Cassava’s app is much more than just a place to store $CSV tokens: it’s a feature-reach multi-asset wallet that also unlocks the broader Cassava ecosystem.
Multi-asset 💰
Unlike in real life, where most people use a maximum of one or two currencies regularly, crypto users generally have multiple tokens in their wallet at any one time. And it makes sense — crypto tokens can be exchanged for goods just like fiat currency, but crypto assets can also be used for a range of other benefits. If you use a particular protocol or service a lot, chances are you’ll benefit from having some of their native tokens.
While other wallets restrict themselves to one chain, Cassava is built for compatibility. Users can store $CSV and other tokens from most major blockchains, giving them quick access to all their crypto holdings on the go. By ensuring compatibility with multiple assets we aim to simplify crypto usage to a point where truly anyone can access its benefits.
Being multi-asset also means supporting different types of crypto tokens. In particular, Cassava’s wallet supports NFTs, making it easy to store and send NFT assets from a single app. While other wallets require users to head to 3rd party websites to view their collections, Cassava puts all your NFTs in one place. Cassava’s NFT integrations also makes accessing features like loot boxes, random drops and other NFT incentives simple.
Browse rewards 🎁
Cassava is built around rewards, and rewards are equally central in our wallet. As soon as they open the app, users can quickly see what rewards are available and how to claim them. This makes it easy to accumulate $CSV tokens and to discover exciting opportunities in our network of partners and their applications.
This is also a massive perk for our partners too — your reward campaigns are displayed prominently in Cassava, making it easy for users to discover and explore your app.
In-app swaps 🤝
Part of a cryptocurrency’s utility is how easy it is to swap between currencies. This is important not only for its strength as a tradable asset, but also for its usability. A crypto asset that can’t be exchanged for another makes little sense when people are using different assets for different purposes, and across multiple chains.
Rather than going through the somewhat complicated procedure of connecting to a decentralized or centralized exchange, Cassava allows for asset swapping directly through the app. This means that you can not only easily buy and sell $CSV for other crypto assets, but even trade entirely separate crypto pairs.
Unlock DeFi 🏦
Decentralized Finance, or DeFi, is one of the most exciting innovations to emerge from the blockchain space. It allows for financial transactions — like lending, borrowing, financing, saving and more — to occur, all without the need for complicated paperwork and overbearing bureaucracy. Because it’s based on the blockchain, DeFi is also more transparent than traditional financial services, and because blockchains are immutable, the impact of corruption is negated.
Getting the most out of DeFi currently requires the use of several different apps, but with the Cassava wallet, DeFi is finally in one place. We’re connecting various DeFi applications and services within Cassava, making it quick and easy for anyone, regardless of their crypto experience, to get a start in DeFi.
Unleashing utility
Our mission is to further blockchain adoption in Africa and around the world, and central to this is the need to make crypto simple, intuitive and rewarding. To that end, we’ve designed the Cassava app to be powerful yet easy-to-use. Cassava users can find everything they need all in one app, and our partners can benefit from the exposure that comes from this audience.
We’re excited to be building this, and we can’t do it without our community — be sure to follow us on all our social channels, and to come introduce yourself on our Telegram. We’ve got a lot of exciting announcements planned in the near future, so stay tuned.
The Cassava Team 🎁
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