Is ImToken 2 0 the Death of the Old Wallet?
Developed by the Chinese startup, ImToken is one of the most popular Bitcoin and cryptocurrencies wallet apps in existence. The company recently announced a $10 million Series A investment round led by IDG. And while imToken may not be the most popular wallet application in the world, it has more than five million monthly active users. Its most notable features include an inbuilt DEX and DAPP browser and the ability to interact with decentralized applications across multiple blockchains.
The company also boasts a stellar track record when it comes to security and privacy. And while they are currently focused on creating a secure blockchain wallet for Ethereum, they also have plans to support other blockchain systems in the future. Aside from the usual suspects like ETH, they also have plans to support BTC and EOS. In addition to the usual suspects, they also have a hardware wallet called Quant.
The company has a solid track record when it comes to security, and the company even offers a hardware wallet for the more adventurous. As you may have guessed, their name does not appear in Reddit's Vault of Trash, but they are still not affiliated with the popular social networking site.
The company has also gotten around to the more important task of launching a decentralized exchange called Tokenlon. And while the exchange itself has been around for six years, it has not been slowed by the latest crypto-currency hysteria. The company has also built a simple web-based platform with charts and an intuitive interface, allowing investors from around the globe to take a peek at the financial records of their favorite crypto stars. This combination may be the reason that imToken has managed to acquire more than $30 million in funding. In the past two years, the company has managed to acquire more than five million monthly active users, and has passed $45 billion in pass-through transactions. So,Imtoken development DAPP , is ImToken 2 0 the death of the old wallet? And while there's no question that the wallet has its own merits, the fact that they can't reclaim lost funds is a bit of a bummer. So, while you may be a bit miffed that your new wallet has been compromised, you can rest easy knowing that they are a reputable company with the best of intentions. Just be sure to back up your private keys from time to time.
The company has also managed to put its money where their mouth is with its recent announcement of the Web3o Innovation Alliance, a collaboration between imToken, Alibaba Cloud and ChainUp. This will strengthen the Web3.0 ecosystem, and in the process, attract more Web3o startups to the fold. As the industry continues to evolve, it is imperative to have the right tools in the right places. And, while the wallet may have passed its expiration date,Imtoken miners cost too high , they have a long line of investors waiting to see what the future holds. This is especially true of the company's flagship product, the ImToken.