The Ambire Blog
Published in

The Ambire Blog

Ambire CEO Ivo Georgiev: $WALLET Is the First governance Token for a Mass-Consumer Wallet

Our CEO answered community questions about Ambire Wallet and the WALLET token

  • Voting for future developments and putting up proposals: We all know that most wallets stagnate over the years in terms of features, and we believe that making the wallet community-driven is the way to solve this. We are allowing the Ambire Wallet user to truly own it and contribute to its feature;
  • Incentivizing usage: Again related to the first point, we distribute $WALLET tokens to early users. This is a long-term distribution mechanism rather than quick farming. Anyone with balance in their Ambire will receive WALLET for the next 4 years, proportionally to their balance;
  • Referral bonuses, gas rebates and other incentive mechanisms.
  • UX-focused wallets, those are mainly mobile apps like Argent;
  • Key management wallets, like all the browser extensions, MetaMask included;
  • Dashboards like Zapper.
  • Smart account recovery. Rather than having to write down a seed phrase and use that, you can have other mechanisms, such as social recovery, which makes crypto way more accessible to the public.
  • Batching transactions, where one transaction can execute multiple sub-transactions or calls;
  • Fee payments in stable coins or even in any ERC-20 token, thus eliminating the need to have ETH in your wallet for that;
  • Simplifying ERC20 approvals thanks to batching;
  • Replacing and canceling transactions: since effectively we don’t need nonce management, we eliminate stuck transactions;
  • Upgradable security: you can easily switch or even combine software wallet with hardware wallet and even email/password account;
  • Sandwiching and frontrunning protection.
  • You lose access to your email: you can trigger a time-locked transaction only with the password;
  • You lose your password: you can trigger a time-locked transaction only with the email.

Interested in Ambire? Follow us:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ambire

Ambire Wallet is a new generation DeFi-centric cryptocurrency wallet that lets you use your crypto and access DeFi easily and securely. www.ambire.com