ImToken Review - The Best Reasons to Use a Noncustodial Wallet
Founded in 2016, imToken is a decentralized wallet that provides secure storage and access to a wide range of assets. It aims to provide a simple and easy-to-use platform for managing your Ethereum and other digital assets. It is available on both iOS and Android. It offers a DApp browser,Imtoken to Huobin process , staking support, and offline signing. In addition to the main cryptocurrencies, it also supports stablecoins and altcoins.
With over twelve million users and a global presence, imToken is a key player in the crypto ecosystem. It has managed to transact over US$500 billion in value, making it one of the largest and most successful cryptocurrencies. The company has also expanded its decentralized ecosystem by incubating Tokenlon, a decentralized exchange. The company recently launched imToken Ventures, a venture fund investing in digital wallet ecosystem companies. The funds will be used for recruiting efforts and to help build imToken Labs, which will explore advanced blockchain technology.
The company has also collaborated with Silence Laboratories, a company that focuses on the secure management of private keys for organizations. ImToken participated in the seeds round of Silence Labs and plans to collaborate with them in the future.
As a decentralized wallet, imToken is not responsible for maintaining users' private keys. It relies on a software waller that is easily manageable, but is more vulnerable to hacking than a custodial wallet. Unlike custodial wallets, it doesn't require an account or KYC. It also has a built-in exchange option and offers atomic swaps.
It also has a mobile wallet and desktop wallet. It supports over fifty different blockchains and allows you to access your assets through an encrypted web interface. You can also use it to send and receive TRX tokens.
In addition, imToken offers a wide range of DApps that allow you to exchange, store, and send cryptocurrencies. You can also use the DApp browser to discover new DApps. You can use zkSync, offline signing, and EOS staking in the app. In addition to these features, imToken also supports cBridge, Multichain, and Arbitrum One. Currently, there are over 150 DApps on the platform.
imToken also has a team of security experts. The company believes scammers may gain access to users' private keys through social engineering, and they will be collecting evidence to help police catch these scammers. They also warn users when a user's personal address is being used. It also has an updated authorization risk warning.
In the past two years, imToken has successfully helped users transact billions of dollars in value. In addition to being a multichain mobile wallet, it also provides an exchange that supports ERC-20 tokens. It supports over fifty different DApps, and is also compatible with iOS and Android. It also has a great UI design.
Currently, imToken is working on the development of its 3.0 version. The company plans to introduce keyless accounts and account recovery, and also add secure access to blockchain networks. In 2021, it will add Layer 2 functions to its wallet. The company plans to invest its capital into building imToken Labs and expanding its global presence.