What is Pillar Wallet?
Pillar is a new company that is described at a modern day, open to all users, wallet that will be the forefront of a cryptocurrency user’s digital life. The company’s website can be found at pillarproject.io.
What Are the Goals of Pillar?
The wallet is only the start for the company. Pillar has a long-term goal of being the best cryptocurrency wallet in the world. And even though they’ll start as a wallet, they’ll eventually become a personal data locker for anyone who needs to store data.
Pillar is said to be different than other wallets that users have access to because you can use it to manage all of your digital assets. It has been set up in a way to give ultimate convenience, from one secure location. And the coders/developers who are behind the project promise it can be used to help control your virtual life.
The primary goal is to be the best wallet for anyone who is involved in the cryptocurrency space. Once the wallet is set out, it’s said to change the entire future of cryptocurrency. This could relate to browsers, exchanges, devices, services and nearly every other medium available to date.
More than anything, the platform is said to be an open sourced wallet that will guide your digital life and make it clear where you’re going. In the past, wallets where mostly used to handle the more popular currencies like Bitcoin ad Ethereum. But Pillar is designed to handle a multitude of different altcoins and currencies.
It’s still a very new company, so it will take some time to learn how well it operates. A lot of companies make huge promises, but fall short when delivering. Pillar does claim to already have around 17,000 people involved, not a small number. And they are all said to be in control at all times.
Their plans are pretty bold. They are plan on the personal data locker they’re developing to be powerful enough to replace iOS and Android apps. That means, the software will be strong enough to be the new operating system for mobile devices.
In all reality, statements like this completely discredit a company. There’s nothing that backs up this statement. One of the main aspects of the most successful cryptocurrencies, is that they never claim to be better than bitcoin. They instead make it clear that they are there to compliment the currency. And although iOS and Android are not cryptocurrencies, they are still not so easily replaced. And any company that comes out of nowhere and makes claims to replace them so easily, can’t be taken very seriously.
What Are Pillar Tokens?
The token is called a meta token. A term that dictates it will operate multiple actions. And not only that, but it will take care of services on several levels. The company claims their token will be able to handle any transactions going on throughout the day. They will make your life simple, easy and manageable. You’ll be able to see your normal currency and a balance of pillar. All of the tokens you need will be one level down, where you can use them to pay for goods and services.
They’ll be ready for purchase through mid-July. And apparently, the previous sale only happened for about 34 minutes and raised around four million dollars in tokens. The ICO was said to be better than expected, and that is something that is normal for ICOs. You have to pump up the company to make money when it’s in the early stages of development. Most ICOs are far less exciting then people understand however.
What Else Does Pillar Offer?
One of the major aspects of the company is the development of the Personal Data Locker. Data is something that is far more vital than people realize. The PDL has been designed to give people back control of their personal data. And it’s a simple concept according to the company. It’s been primarily based on the book Pull. It’s said to help build trust when, so much data is handled by third parties.
The project is said to be much more than a wallet. It’s an entire project that will help consumers who want to get on board with some very major innovations. And eventually, they’ll be able to go from just using the wallet, to using apps that can manage their entire digital life.
It’s hopefully going to be a whole system that will work within an environment that offers opportunities to all the users. The project will discourage wasteful time created by most of the modern apps used today. There are so many apps as of now that a person needs a half dozen of them or more to complete tasks that could be handled by one superior application.
Who’s Behind Pillar?
There are several professionals from the tech industry behind Pillar. David Siegel is the co-founder and CEO of the company. Also Tomer Sofinzon is a co-founder as well. There’s a contact email if you have any questions about Pillar, but it’s uncertain as to how accessible they truly are. One of the greatest signs of a quality company is that they can actually be contacted.
A company who isn’t transparent is likely trying to hide something. It’s best for an investor to stay away from companies who are unwilling to disclose any information about who they are or where they’re located.
Pillar PLR ICO Conclusion
The company has an aim to be safer for the users who are operating in a digital world. It’s a large project that could be very important for anyone in the digital currency space. It could also be a completely useless company that does nothing for people.
Looking at it now, it’s an open sourced wallet. It’s a wallet that will likely hold a variety of virtual currencies, and in the future, could become more. It potentially could be the source to find the best apps, tools, browsers and anything related for cryptocurrency users. The wallet is only the start of what Pillar claims to be.
Pillar states they’ll become so large that they’ll completely overtake and replace Android and iOS. And that is one of their red flags, the personal data locker they talk about hasn’t been proven yet. And it’s gone back as far as 2010 in concept.
The only statement they’ve made so far that can be validated is that the blockchain technology is one of the most important advancements that anyone has seen. Other than that, Pillar is going to have to prove themselves as a serious company if they want to make changes in the world of cryptocurrency.