Digging deep into social potential and breaking through the wallet track: AScoin breaks down the barriers for users to enter the exchange
Written by Vicky, Foresight News
As the traffic entrance of Web3,walletIt has become an essential tool for new users to enter the encryption field and one of the most important encryption infrastructures.
In the wallet field, entrepreneurs face an important challenge: how to balance concepts and actual implementation. Sometimes, entrepreneurs may be too obsessed with innovative concepts and hope to attract users by introducing new features and technologies. They may come up with a series of dazzling concepts and prospects, which makes people full of expectations.
However, the real test lies in turning these concepts into practical products and services. The wallet field requires not only innovation and forward-looking thinking, but also a robust and reliable technical foundation and user experience. Users are more concerned about whether the wallet isSafety, easy to use, and meets their needs.
AScoin Wallet development path:BinanceStarted as a broker and transformed into a multi-purpose wallet
In this fast-paced and competitive crypto space, the market has been experiencing multiple rounds of market conditions and the transformation of sectors and hot spots. In this accelerated market process, AScoin Wallet has been in existence for three years, relying on its stable and reliable products and innovations in assets and transactions.BinanceFrom the early days of a broker, to its transformation into a feature-rich composite wallet, it has gradually become the "first Web3 portal" that integrates aggregation, trading, cross-platform, and chat functions.
Started as a Binance broker
AScoin Wallet(formerly Assure Wallet) was founded in 2020 and was initially positioned as a Binance broker. Through AScoin, it can reach the Binance market and realize free trading between DEX and CEX.
The Binance broker service provided by AScoin Wallet is a facilitator of efficiency and liquidity, and plays an indispensable role in the crypto market, especially the prime broker business for institutional clients, which can provide one-stop complex financial services such as liquidity, transaction execution, custody and clearing.
Specifically, AScoin Wallet uses the institutional broker API to build Binance into the wallet.exchange, share Binance’s liquidity and trading depth, and provide Binance trading experience for on-chain wallet users.
In addition, driven by the hot DeFi market in the summer of 2020, AScoin Wallet quickly grasped the market hotspots and rapidly accumulated the growth and activity of its own users from Binance's trading business.
Gradually transforming into a composite wallet
AScoin Wallet leverages the liquidity of Binance's underlying open platform, not only to satisfy simple functional integration, but also toSafety, derivatives, system stability, etc. Driven by the DeFi wave, more decentralized services and new features have been integrated to provide users with a stable and friendly experience.
In October 2023, Assure Official announcementThe brand has been upgraded and renamed to AScoin Wallet. Assure Wallet APP has completed the brand update on Google Play and App Store. The upgraded AScoin will focus on the core direction of aggregated transactions and asset appreciation.
After the brand upgrade, AScoin Wallet has integrated self-hosted wallets, market flash exchange,exchange, financial management, chat, BRC20/DApp Through gradual transformation and development, AScoin Wallet has become a feature-rich composite wallet product with multiple functions such as the blockchain market. It has a complete ecosystem system covering multiple tracks such as DEX, CEX, Web3.0, auditing, PR, public chain, payment, GameFi, DeFi, etc. It is also an aggregated trading asset management platform.
Source: Twitter
Financing and Latest Progress
In terms of financing, in January 2023, Assure Wallet completed a $1.4 million Pre-A round of financing, with a valuation of $14 million. The funds raised will be used to further improve the user product experience and launch a new round of marketing plans.DAO, secured transactions, coin holdersCommunityAnd other application ecosystems.
Just entering January 2024, AScoin Wallet isCommunityUsers and the crypto market have received exciting news - AScoin Wallet announced that it will issue airdrops to early wallet users, and it is expected that more than 20,000 users will receive airdrops. AScoin plans to launch the platform governance token SURE in the first quarter of 2024, with a total of 1 billion tokens.
AScoin 定位：链上用户进入exchange最佳通道
The rise of various applications such as DeFi, games, and NFT in the crypto industry has driven users’ demand for assets.SafetyThe market demand for storage and on-chain activities has brought an opportunity for development to the wallet sector, with a large influx of developers and funds.
The crypto wallet market is growing exponentially
According to demandsage data, the number of crypto wallet users has grown significantly in the past few years.BlockchainThere were only 10 million wallet users, and this number reached 80 million in 2021, which means that the number of crypto wallet users has increased by 70 million in just 5 years, and this number is still growing exponentially. From the perspective of future development, wallets will not only serve as the entrance to the crypto world, but will also assume extended functions such as asset management and social networking. Its importance is self-evident.
Source: Kruschecompany, Statista
Breaking through the wallet track: opening up a channel for wallet users to enter the exchange
As the infrastructure of Web3, crypto wallets are one of the most competitive sectors in the market. Currently, there are nearly 100 crypto wallet products in the Apple and Google stores. Various wallets compete fiercely with each other and have developed different development strategies around user acquisition in an effort to expand transaction share. For example, MetaMask, OKX Web3 and other mainstream wallets are expanding wallet functions around the aspects of "precise and detailed, large and comprehensive, fast and accurate". Another part of the main wallets will choose to cooperate with major public chains to obtain a user base on the chain.
AScoin Wallet 选择从交易所通道突围，从用户对钱包的便捷性、易用性、安全性等的需求进行考虑，以此为基础，逐步拓展成一个「链上钱包用户进入交易所的最佳通道」的多样化、复合型产品。
Currently, AScoin Wallet has integrated Binance and MEXC. Due to the technical isolation between the exchanges, the two exchanges currently need to create separate accounts. In the future, AScoin Wallet plans to integrate OKX and cover more trading pairs, and plans to create a high, medium and low level multi-network coverage system.
At present, most wallets have realized the aggregation of flash exchange by integrating DEX, providing users with the best exchange channel to improve the Swap experience of users on the chain, and charging a certain service fee for this service. However, there are still few explorers of the aggregation between CEXs. AScoin Wallet plans to use this as a breakthrough, starting from integrating CEX, to achieving transaction aggregation, and creating a user-free experience, striving to provide users with the best transaction channel and optimize more product competition directions in the future.
Tap into the huge potential of social chat
The combination of wallets and social chat is not new in the industry, but when faced with the diverse needs of users, the market seems to be slow to react and lacks timely response. The two have not yet found a perfect balance between application scenarios and products.
In the new concept wallet theory and implementation spaceXiaobai NavigationIn the gap, AScoin Wallet quickly responded to user needs, focusing more on the interoperability between wallet accounts and chat accounts. It is not just about chatting, but also provides users with a one-stop social chat solution.
For example, direct on-chain transfers between friends can effectively avoid zero-transfer scams. Group chats can later be used to implement holding communities, automatically verify on-chain assets through group chats, and so on. In addition, how to protect user privacy, combined with MPC wallets, can provide more protection for chat accounts.
Once these scenarios are implemented, the chat within AScoin Wallet will be able to capture more users for the wallet and bring a more complete user experience.
summary
AScoin Wallet is a unique multi-chain wallet, dedicated to creating the best channel for on-chain wallets to enter exchanges, which can significantly improve the profitability of wallets. The chat function that emphasizes chat and on-chain interoperability can bring more users to the wallet. Combining the large number of assets and users, while assisting other necessary functions of wallets, we strive to gain a foothold and succeed in the highly competitive wallet market. Although the prospects of the wallet track are very valuable, it also tests the technical strength of the overall team. Judging from the current products, we still need to pay attention to the actual products, services and user experience in the future.
The article comes from the Internet:Digging deep into social potential and breaking through the wallet track: AScoin breaks down the barriers for users to enter the exchange
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