Boxch Wallet - Mobile dApp Built on Solana Blockchain

cryptoinmind (30)in #boxch • 2 years ago (edited)

Overview

Web3.0 is envisaged as the next gen of the internet that enables websites and applications to process information in an intelligent human-like way through the use of cutting-edge technologies such as Blockchain technology or decentralized ledger technology(DLT), Big Data, Machine Learning, etc. Web3.0 embraces decentralization, which means that it is built, managed, and owned by its users. It allows data to be interconnected in a decentralized way which is an added advantage over Web2.0 which is the current generation of the internet, where data is usually controlled and stored in centralized repositories.

While Web3 is predicated on using blockchain technology to create a more equitable internet, decentralized finance is Web3’s version of a more transparent financial system. To this end, DeFi is quickly becoming a new paradigm that allows new forms of value and utility not seen within the traditional financial system. Boxch Wallet An application to help you get into the web3 and perform Defi Functions seamlessly.

What is Boxch Wallet?

The Boxch app is a decentralized application that can carry out DeFi functions. It allows users to exchange and farm tokens, participate in ICOs on its Launchpad, and it will also have a peer-to-peer (P2P) capability in the future.

Features of Boxch Wallet

Swapping — a way to perform peer-to-peer atomic cross-network swaps of crypto-assets without having to trust a custodian or counterparty. Boxch is a leading crypto swap dapp, to the Smart Economy, allowing the users to — Swap, Hold, Send, Receive, Earn, and Invest, favorite assets in Multiple Chains.
Farms - Farming is a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts. Boxch farm allows you to earn rewards in the form of tokens and share in transaction fees by adding tokens to our liquidity pools.
Launchpad - The LaunchPad helps projects which already have products and are ready for market entry. The LaunchPad helps these projects to run quality and well-coordinated IDO or token generation events. Boxch adopts a solid marketing strategy to ensure that the IDO events are highly successful. The Launchpad is built on top of the Solana blockchain and is the only platform for launching new projects specialized only for mobile devices Download the Boxch app and store Boxch tokens on your balance. Charge a small fee in Boxch tokens for participation. The Boxch Launchpad gives everyone a chance to participate and provides high allocations through quick asset allocation. Now even an investor with $10 can take part and go to the moon with a new project
Bridge - Bridges are protocols that bridge tokens from one network to another. Bridges are tools that allow the creation of synthetic derivatives that represent an asset from another blockchain. Boxch bridge coming soon.
P2P - P2P trading is the act of buying and selling cryptocurrencies directly between users, without a third party or intermediary. P2P trading gives you more control over who buys your cryptocurrencies and whom you buy from, the pricing, and settlement time. Boxch P2P coming soon

Benefits of using Boxch Wallet

Compatible with all wallets of available networks
No one has access to your assets except you
Blockchain Nucleus
Convenient and understandable

BOXCH Token

BOXCH token is the utility token on Boxch Wallet, it is used on all features the protocol offers hence the token has multiple use cases.

Tokonomics

Token name: Boxch
Token Symbol: BOXCH
Chain: Solana
Total supply: 21,000,000 BOXCH

Utility of BOXCH token

Launchpad Fees
P2P Fees
Fees for the Bridge
Goverenence

Conclusion

The DeFi space is gradually catching up with the traditional financial system and despite some of the obstacles which are certain while operating on the bleeding edge of innovation, the world of decentralized finance is on the path to prosperity. Over time, it's difficult to predict how this space will shape when the power to build financial services will democratize. However, at the point where DeFI and fintech map and merge, we'll have an inflection point where nascent financial technology is just part of a new financial system. One that realizes the dream of being fast, secure, available, and egalitarian using Boxch App.