Citadel overview: Tezos
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. In the initial release, users can create public addresses for all supported networks with one seed phrase, connect their ledger or trezor device, or import an address generated by another wallet. The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. One of the main functions of the Citadel platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab. Citadel offers its users an instant cryptocurrency exchange service that allows fast and secure crypto assets swap, and it is also possible to buy and sell crypto with a credit or debit card.
Citadel’s features for Tezos holders
Citadel offers users to create platform-native wallets for all supported networks with one seed phrase. If an XTZ holder wants to create multiple wallets, they all can be managed with only one password. The hierarchical deterministic key generation is used to derive a theoretically infinite number of cryptographic secrets from a single master seed. In this way, users’ private keys can be determined and intrinsically “stored” in a single master seed. Citadel uses a standard called BIP39 for the generation and interpretation of the master seed.
Hard wallets support
Alternatively, users can use their hard wallet devices. Citadel supports all Ledger devices, Trezor Model T, and Trezor One.
Other public addresses support
Citadel would support all tz Tezos public addresses, even if they were created outside of the platform. All you have to do is select a currency and add a public key. After that, you will have access to the same analytical functionality as for native addresses. And if you find our service convenient for sending, receiving, staking, and storing funds, you can import a private key (your seed) or use cold wallets! Users can use our platform to manage all their wallets or only add public addresses they want to track to analyze their activity. It is up to you.
We know that many people are using KT addresses to delegate, we are planning to add KT address support in three weeks.
Staking & Delegation
One of the Citadel’s core features is participation in PoS consensus of supported networks. Users can stake and delegate XTZ that they hold on connected wallets to contribute to the Tezos ecosystem and receive rewards.
On Stake screen, we provide users with all information they need to help them with delegation. We divide the user’s balance on available and frozen (bonded tokens), show received rewards, and list of bakers if the user didn’t delegate or chosen baker if the user delegated.
Multi wallet analytical dashboard
Track asset status with graphical metrics and visual statistics. At your disposal is a built-in explorer with features such as transaction status tracking, reward history, balance changes, chart analytics, network statistics, and so on. On the analytics tab, users get up-to-date information on the essential network metrics: Yield %, Market cap, Circulating supply, Unbonding period.
Personalized users’ info is their total balance, rewards, and transaction history. On reward charts, users can keep track of exactly how much XTZ they received and when. Personalized info is available for individual wallets, and on Tezos overall tab, we consolidate all wallets info. Using public keys, users can add wallets they don’t own to have access to an analytical dashboard without the ability to manage the assets.
Network proposals affect all XTZ holders, so we at Citadel made sure that users can get relevant information about ongoing and last network proposals. In our voting tab, anyone can see what changes are proposed.
Exchange & Fiat gateway
Citadel provides integrated instant cryptocurrency exchange service that allows fast and secure crypto assets swaps.
Recently we also added a fiat gateway, and now users can buy and sell crypto with a credit or debit card. We think that it is vital to provide users with options so they could choose what is most suitable for them.