Secure Wallet Update: BNB and USDT

ECOMI
ECOMI
Published in
5 min readJan 15, 2020

With all of the amazing news and updates to come from the ECOMI camp recently, it’s easy to forget that we have an incredibly robust and capable cold storage wallet. Designed to keep your digital assets as safe as humanly possible, the Secure Wallet can store more than 1000 digital assets, including your favorite digital collectibles. In a more recent development, the ability to store the new Binance (BNB) token, and the U.S. Dollar Tether (USDT) token have been added, making it a true powerhouse of the cold storage world.

About Binance (BNB)

In recent years Binance has risen to be the largest cryptocurrency trading platform (by volume) and is one of the industries most well known. With more than $1bn in daily trading volume and almost 1.5 million transactions every second, the company has recently transitioned to its own blockchain, and their own token.

The original BNB token was offered and available as an ERC20 token, however now that the new Binance chain is operational, it is this new BNB token that is now available on the Secure Wallet. It should be noted that anyone still using/holding the original ERC20 BNB token can exchange their tokens by logging into their Binance account where they can be exchanged for the new BEP2 tokens.

The company has not stopped with their own token, however, expanding to include a range of products and services, including:

  • Research and development programs and grants
  • Decentralized exchanges
  • Educational resources
  • Online Wallets
  • Digital infrastructure and architecture

Under the leadership of ‘CZ,’ the development of their own stable coin, and a number of other developments to come, we are happy to support Binance and their role in the wider crypto ecosystem.

About Tether (USDT)

The original stable coin, USDT is pegged to the U.S. dollar at a one-to-one value (most of the time anyway!). It is designed to be a simple way to convert to and from U.S. dollars within the crypto ecosystem, functioning in the same way cash does in the traditional financial system and is offered/accepted as a trading pair on most exchanges.

It also has the largest market share of stable coins and is backed by real USD. By adding it to the Secure Wallet, and offering you the ability to convert to/from USDT thanks to our changelly integration, you can now keep your crypto assets safe, and liquid, with the click of a button.

Adding Your New Tokens to the Secure Wallet

First things first, let’s make sure you have the most up-to-date version of the ECOMI app. To do this, visit your Play/Apple store and update it. Then, when you open the app next, it should automatically prompt you to update the Secure Wallet hardware and will take you through the process.

This is updating the actual card, over-the-air, to allow you to add the additional tokens and any other new features you may be missing. Then, follow the steps below.

1.
When the app update is released (and you have updated your Secure Wallet accordingly), open your settings.

2.
Choose the wallet you wish to manage in case you have more than one. The image below also shows the ‘hot wallet’ feature, which is coming soon but is not yet active.

3.
Hit ‘Manage Currencies’

4.
Tap the ‘add currency’ button at the top of the page

5.
Type in either Binance or Tether

6.
Select ‘Add’ to add the token wallet to your home screen. You can then choose the order you would like them to appear, and begin to send/receive your tokens immediately.

What's Next for the Secure Wallet?

In the not too distant future, we’ll be adding new token support, as well as activating the hot wallet feature of the ECOMI app. Although this was planned for release a few months ago, we have decided to take our time and ensure we have any potential security issues covered before releasing it.

There will also be a new update pushed this week to fix issues with Bitcoin Cash transactions, so please keep an eye out for that. As always the latest updates will go into our communities first, so please join us on socials and our announcement channel in Telegram.

Stay tuned for our soon-to-be-released digital collectibles platform!

About ECOMI

ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop-shop for digital collectibles through the ECOMI Collect app bringing pop culture and entertainment into the 21st century.

The Collect app allows users to experience true ownership of premium digital collectibles. Through the app marketplace, users can obtain common, rare, or one-of-a-kind digital collectibles, share these across the social network service, and exchange them with the Collect community, all from the palm of their hand.

ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market and the next to join this digital trend is the pop culture and collectibles industry.

For more information please see the ECOMI Collect Whitepaper or join the community on Telegram, Twitter and Facebook.

Information on this channel is subjective and should not be considered financial advice and is subject to change. See disclaimer

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