DiveWallet Review: A New, Safer, and More Practical Cross-Chain Crypto Wallet
As the crypto space continues to expand and attempt to gain mainstream acceptance, more and more people are taking the time to learn and invest in it. As such, there is an increasing danger of getting scammed even as you navigate through this world of cryptocurrency. That is where a crypto wallet comes in.
Although you do not require a crypto wallet to purchase, send, or store digital assets, they verify transaction information and guarantee the safety of your crypto assets. DiveWallet is a recent crypto wallet initiative that attempts to make the crypto space simpler, safer, and more practical. Read on to learn more about this project as we highlight its main features.
About DiveWallet
In a world full of scammers and dangerous web3 dApps, DiveWallet aims to provide a safer and more functional solution to both new and experienced cryptocurrency investors. As the founding team puts it, DiveWallet is a comprehensive and fully-functional cross-chain mobile wallet.
Over the years, several projects have come up with the same aim as DiveWallet. But, thanks to its innovative tools, we can say that this project is unique in its own right. Some of its unique features include:
- Providing notifications when the user's crypto wallet is linked to a web3 address
- Logging Dollar-Cost-Average (DCA) and initial investment amount
- Offers users a choice to pick price source (Poocoin, DexTools, CMC, etc.)
- Offers a detailed rundown of all assets held
- After a specified duration, it automatically disconnects from any web3 address completely. However, this feature is adjustable
- Real-time alerts on dusting attack
- With the click of a button, it enables users to deny all permissions to connected dApps
Take note that the last three features on the list mentioned above are only available to those who hold 500 million or more DiveWallet tokens. In turn, this allows them to qualify for the PRO features instead of the other initial core features.
The DiveWallet Token
The DiveWallet token is a simple coin that assists in developing a DiveWallet community. When investors who believe in the DiveWallet end goal come together and invest in this token, they increase awareness of this initiative and raise capital to develop the wallet without developing utility.
According to the DiveWallet Whitepaper, the token launch will be divided into three phases. They are:
- Private Sale
- Ignite Pre-sale
- Public Launch
Currently, the project announced that it would soon launch its pre-sale event, as it aims to raise funds needed to develop the innovative wallet. As the initiative progresses, the founding team has committed to providing more information on the stages and the whitelisted pre-sale. They guarantee potential investors that anybody who secures a whitelisted pre-sale ticket will be able to acquire the maximum token quantity during the pre-sale.
DiveWallet Tokenomics
When it comes to the tokenomics of this coin, there is only a 15% transaction tax, whereby 13% goes to BUSD reflections and 2% to the liquidity pool. The BUSD reflections act as a reward to DiveWallet token holders and enable the team wallet to gain capital without the per-transaction tax.
According to the team, there is no need for a marketing or team tax since the team wallet reflections will provide all the funds needed to develop the project. Take note that the DiveWallet token (DWT) has a maximum supply of 1,000,000,000,000,000. The token will have the following distribution.
- 29% for the pre-sale events
- 33% to the burn address
- 6% to the development fund, also known as the team wallet
- 22% to the liquidity pool
- 10% to the private sale event
Roadmap
DiveWallet has made its project's vision public, making it simpler for potential investors to grasp its goals. The sections below provide a few details on each stage of the development process.
Q1 2022
During the first quarter of 2022, the developers aim to release the project's Whitepaper and launch its website as well as the private and pre-sale event. They should also see to the finalization of the Whitelist, token contract development, Interfi Audit, the launch of the public token, initial marketing, and application to CoinGecko and CMC. As mentioned earlier, the initiative is will soon launch its pre-sale event, which you can join here.
Q2 2022
By the end of the second quarter of 2022, the team should begin wallet development and employ wallet developers, KYC audit, and continue with the marketing campaign.
Q3 2022
The end of the third quarter of this year will see the launch of DiveWallet 1.0 and introduce its innovative dApp products. The initiative will also start distributing reflections gained from ad revenue and start burn and buyback with the same ad revenue.
Q4 2022
By the end of this year, the project will have fully launched in the crypto space, and it will continue buyback and burn and ad revenue reflections. The team also aims to enhance wallet functionality.
Final Thoughts
Although this is a relatively new project, it shows great promise as many people are looking forward to investing in the DiveWallet token through the token pre-sale event. Furthermore, the fact that holders earn a 13% BUSD reward for holding crypto in the DiveWallet makes the initiative even more worthwhile. So, if you are looking for a safe, secure, and fully functional wallet that can hold different coins of any blockchain, DiveWallet is an ideal option.
You can get the latest events and developments on this project through its social media platforms, which are:
Website: https://www.divewallet.net/
Discord: https://discord.com/invite/YyshwR4Zsa
Twitter: https://twitter.com/DiveWallet
Reddit: https://www.reddit.com/r/DiveWallet/
Telegram:
https://t.me/+tFQ5GZAvtdlmMDQx
