Ethereum Wallet Imtoken Unveils a New Wallet
ImToken Decentralization Goals
This development comes in close proximity to the $10 million Series A investment made by IDG. The imToken 2.0 is a critical upgrade that furthers imToken’s vision to set up a completely decentralized ecosystem that will have all kinds of products and services.
The CEO of imToken stated,
“We believe that the future of blockchain technology lies in complete decentralization and it’s an approach that we will fully invest in……We believe the initiatives announced today for imToken 2.0 is the roadmap for a fully decentralized ecosystem that we believe will set the tone for the industry and that users will get behind.”
ImToken is also introducing new features like a multi-chain wallet, DApp Browser and also updates to the decentralized ecosystem. All these will be fundamental to the company’s continual evolution.
Additionally, the company has introduced DApp browser and imToken Venture. The latter is the company’s venture arm to facilitate funding of DApp development. Moreover, there are new features in in Tokenlon, which is imToken’s decentralized exchange.
All this has translated to an impressive 5 million monthly active users in 200 countries. To illustrate this, imToken announced it has overseen $45 billion in pass-through transactions during the months between January last year and June 2018. These figures match those of PayPal’s Venmo yearly volumes.
What’s New About Imtoken 2.0?
The imToken 2.0 browser is useful because it supports the most prominent dApps and decentralized exchanges. Additionally, the new browser introduces a brand new engagement channel that customers can use.
Moreover, there is the added functionality which makes users able to access multiple dApps without having to log in and also the browser permitting fast payments using the supported token a user desires. As a result, qualified users receive all the support they need from the app. The support is in the form of displaying their dApps in the new browser and instantly getting exposure to millions of users.
What’s more? TokenIon, which is the browser’s decentralized exchange, offers a couple of unique trading functions. This means that users can utilize the different trading functions for their varying needs and circumstances.
The function “Instant Exchange”, picks the top exchange from multiple reserves in a network. This enables token-to-token conversion done at market price at the convenience of only a few clicks. The order book and spot trading function on the other hand supports trading capabilities like those of traditional exchanges.
The multi-chain wallet has also made transactions and wallet management simpler. This is achieved through imToken enabling users to import cryptocurrency wallets under just one pneumonic passphrase.
This announcement came hand in hand with the opening of imToken’s new headquarters in Singapore. The CEO summarized all these saying:
“We’re excited about imToken’s new developments and believe that with a mature regulatory environment, Singapore is the ideal launch-pad for us to kick-start our global ambitions….With countries including Indonesia rapidly growing into one of imToken’s largest markets, we’re looking forward to building out our initiatives in Asia, particularly in Southeast Asia.”