CRYPTO TRANSACTION SIMPLIFIED: INTRODUCING LEAD WALLET
Mass adoption of cryptocurrencies has been the goal of numerous projects since the blockchain was introduced to the world. However, it has seemed like an almost impossible task as it mostly has been a plan on paper and at best, a dream held on to by every crypto enthusiast.
The traditional financial market already has a hold the masses and when any practice has been the norm for centuries, it becomes an uphill task to break away into new, albeit better practices; this is one way to explain why mass adoption has been out of reach for cryptocurrencies and the world of decentralization.
There however is another valid reason why the masses are yet to jump at the numerous advantages the decentralized industry has to offer when compared to already existing, traditional methods: THE COMPLEXITY ASSOCIATED WITH THE BLOCKCHAIN INDUSTRY.
For example, majority of the humans that make up the populace of the world understand that currencies like the Dollar, Pound and Euro exist and you can trade one for another. They also understand that they can walk into a bank and deposit their funds, storing it for as long as possible and to withdraw, all they need do is make a request and it will be done. When they learn of the decentralized world of cryptocurrencies, they first find out most times of bitcoin and the next thing, they are learning of ETH and other altcoins which are built upon different blockchains for reasons that are mostly explained in technical terms. When it comes to storage of cryptocurrencies too, wallets and exchanges look and feel too complex for the average individual.
A solution that will lead to mass adoption and use of cryptocurrencies is the ability to make all complex things as simple as possible and this is the single, most important objective of the LEAD WALLET project. With the most amazing UI/UX design as well as users’ convenience in mind, lead wallet is bringing the simplest, most user friendly, easy-to-use wallet into the blockchain ecosystem in order to contribute its quota in bringing the blockchain industry closer to achieving mass adoption of its protocols and digital assets.
WHAT IS LEAD WALLET?
Lead wallet is a decentralized multi-crypto wallet application built with an architecture that ensures secure storage and transactions, with a simplistic user interface that is convenient for individuals with zero knowledge of cryptocurrencies, intermediate users and experts in the industry; it is a wallet that serves anybody and everybody.
THE LEAD WALLET ECOSYSTEM
Lead wallet isn’t just another regular wallet being built on the blockchain, there are features that will be integrated to make the application a viable project with unlimited prospects. Some of the key features of the lead wallet application include;
- Staking feature for all stake-able cryptocurrencies
- Multi signature feature
- Lead C-Marketplace
- Lead Exchange
- Lead Swap
LEAD STAKE
LeadStake is the Lead feature that allows users to hold PoS based coins and other related coins to stake their coins in exchange for staking rewards according to how the blockchain issue rewards for the stake coins. One of the major benefits of crypto staking is that beyond the rewards, it affords the holders of the coins, it also serves as a means of securing the blockchain network, controlling the price fluctuation rate of the coins, and also support the mining of new coins. Staking on PoS based blockchain is rewarding both to the blockchain and the stake miners.
LEAD-SIG
LeadSig utilizes the most secure and latest technology to provide multi-signature service, which will give a significant landscape for businesses to leverage on. On a single-signature wallet, when a user wants to send funds, a transaction will be created for the user to sign, which confirms the user’s action to proceed with that transaction. On a multi-signature wallet, two or more signatures are required to verify transactions depending on the number of confirmations specified by the co-payers in that network. LeadSig will give access to all the co-payers to see the funds and transactions on the wallet. With this feature, the Lead wallet positions itself to be the one-stop wallet for business organizations, particularly crypto exchanges and other similar businesses, to maintain a credible payment system that will ensure the security of funds managed between pairs.
LEAD C-MARKETPLACE
The Lead C-marketplace place is synonymous to an e-marketplace where goods are exchanged digitally. However, unlike the latter, the former allows its users to purchase or pay for any listed item (goods or services) using cryptocurrencies. With the Lead Crypto marketplace, users can pay their utility bills using cryptocurrencies directly from their Lead wallet. The C-Market place will also allow Lead users to buy data card, gift card, recharge cards of all the telecommunication networks, and book for a flight using cryptocurrencies listed on Lead wallet.
LEAD EX
The purpose of LeadEx is to provide a Liquidity system that will connect directly to Lead Wallet through partnered exchanges and OTC providers with a real-time matching engine tasked to accurately source the right conversion rates and orders for our users in order to ensure the lowest slippage of any size order.
Although LeadEx will originally provide liquidity from other big crypto exchanges, however, in the future Lead will have its standalone exchange with institutional grade matching engine and high exchange liquidity.
LEAD SWAP
The LeadSwap feature allows users to instantly swap or exchange their cryptocurrencies for other cryptocurrencies at an instant and very reduced transaction fee at nearly 0% slippage. This feature is very handy in the event of a very volatile market. It will help our users to always stay on the positive side of the market at all times.
The lead wallet will enable the following;
- Send cryptocurrency,
- Receive cryptocurrency,
- Check account balances,
- Coin staking,
- Make bill payments,
- Execute multi-send functions,
- Execute multi-sig functions,
- Have Easy access to DeFi,
- Human readable addresses,
- And exchange/swap cryptocurrencies.
This Ecosystem is not fixed as the Lead team will always look out for newer top-notch features to ensure the project remains in the front row of the blockchain race.
THE LEAD TOKEN
The lead token will be deployed on the Ethereum blockchain as a standard ERC20 token and it is a utility token.
KEY FEATURES AND USES OF THE LEAD TOKEN
- Up to 20% discount on purchases when you make payment with LEAD token.
- Up to 35% annualized stake rewards when you stake LEAD on Lead Wallet.
- Lead can be used as fees for several wallet transactions.
- Deflationary Monetary Supply. 30% of Lead Wallet’s quarterly profit will be used to buyback and burn LEAD token until only 30% of the total supply is left.
- It can be used to trade digital gift cards and also to pay for several Lead Wallet services at a discounted rate.
- Holders of Lead Token will have the opportunity to share up to 15% of Lead Wallet’s annual net profit for a minimum of three years. The payment of this reward system will be executed quarterly. The first rewards are projected to be distributed 18 months after the launch of Lead wallet and its associated businesses.
WHERE IS THE LEAD PROJECT CURRENTLY?
Still in the early stages of development (Beta Mainnet to be launched May, 2020), the lead project is currently sourcing for funds from private investors as well as VCs.
PARTNERSHIPS
Our marketing partner is ICOPantera. With a great community as well as recorded success in previous campaigns, they are the biggest / best marketing firm based in Korea.
Also, our first IEO sale will be launched on ChainX, one of the biggest crypto exchanges based in Korea, with recorded success in their previous IEO campaigns and we are excited to be working with the exchange.
The lead project was born out of the need to bridge the gap between the blockchain industry and mass adoption and with its dedicated team as well as its unique features, is poised to demystify / simplify the blockchain and its advantages for the general public. Development of the lead project holds significant importance to the entire blockchain ecosystem as it will lead / pave the way for blockchain transactions and dealings to be seen as the norm and new just the complex new kid on the block.
You can follow the LEAD project via these platforms:
Telegram: https://t.me/leadwallet
Twitter: https://twitter.com/LeadWallet
Facebook: https://web.facebook.com/leadwallet/
