Amid the rise of Web3, the crypto wallet vertical is undergoing a profound transformation. Initially, their role was straightforward - to serve as a safe place to store users’ private keys, like a digital safe, ensuring the safety of users’ assets. However, the limitations of this model for profitability and product development quickly became apparent. The product value it created was not ideal due to dependence on the growth of the user base and the development of fund storage functions.

AScoin Wallet recognized this and decided to break the norm by introducing value-added services to open up growth channels. From providing self-hosted wallets to market flash exchanges, to asset aggregation, exchanges, and finance and chat, AScoin Wallet has transformed into a multi-functional platform aimed at meeting the changing needs of users, while also bringing more development opportunities for itself.

Web3 Aggregated Transaction Multi-chain Wallet AScoin Wallet: Breaking through the barriers of on-chain wallets to enter exchanges

Brief analysis of AScoin Wallet

AScoin Wallet is a Web3 aggregated transaction multi-chain wallet, committed to creating the best channel for on-chain wallets to enter the exchange. It has integrated multiple functions including self-hosted wallets, market flash exchange, exchanges, finance, chat, BRC20/DApp market, and more.

From the asset perspective, AScoin Wallet is a Web3.0 encrypted transaction management aggregator and the carrier for billions of users to flow from Web2.0 to Web3.0. AScoin Wallet is not just a simple wallet, but a platform that carries the vision of large-scale landing of multi-functional digital wallets in Web3.0.

With the gradual landing of various large-scale applications in the crypto market, AScoin Wallet has become a feature-rich composite wallet product through gradual transformation and development, possessing a complete ecosystem covering DEX, CEX, Web3.0, audit, PR, public chain, payment, GameFi, DeFi, and other tracks. It is also an aggregated transaction asset management platform.

Source:Twitter

The development of AScoin Wallet demonstrates the innovation and diversity of the wallet industry, providing users with more choices and convenience. It is committed to breaking down the barriers for users to enter exchanges and providing users with a one-stop trading and asset management experience. As AScoin Wallet continues to expand its ecosystem and functionality, you can expect it to play a more important role in Web3.0 and bring more innovation and convenience to users.

Development History: Keeping Insight into Market Dynamics and Hot Trends

AScoin Wallet (formerly known as Assure Wallet) has gone through more than three years of development and accumulation since its establishment in 2020. With its stable and reliable product and innovative asset management and trading methods, it has successfully transitioned from the initial stage as a Binance broker to a comprehensive wallet with full features.

As previously introduced in the article “Deep Digging Social Potential, Breaking through the Wallet Track: AScoin Breaks Down the Barriers for Users to Enter Exchanges“ by Foresight News, AScoin Wallet has become a comprehensive wallet platform for Web3 through continuous development and innovation, incorporating functions such as aggregation, trading, cross-platform, chat, etc. In this accelerated market process, it plays the role of a Web3 portal, meeting various needs of users in the crypto field.

The sustained development achieved by AScoin Wallet so far relies on its stable and reliable product foundation and continuous innovation in assets and trading methods. Always keeping a keen insight into market dynamics and hot trends, AScoin Wallet constantly adjusts to meet market needs and provide quality services. It brings users a safe, convenient, and feature-rich comprehensive wallet platform, aiming to contribute new vitality to the development of the Web3 world.

Prioritizing Safety to Build a Highly Secure Asset Management Platform

In the field of crypto asset management, security has always been the core issue that users are most concerned about. AScoin Wallet is well aware of this. In the process of its continuous iterative updates, it always regards security as the top priority of development, and has adopted strict security measures in all aspects from technology to services to ensure the security of user funds.

From an implementation perspective, AScoin Wallet uses encryption technologies such as multi-signature, transaction self-custody, and delayed validation to provide comprehensive protection for users’ assets. The platform’s security team is also constantly monitoring potential security threats to ensure that defense measures are updated in a timely manner to defend against the latest attacks.

In addition, AScoin Wallet also provides a series of user education resources to help users understand how to safely manage their assets, so as to provide efficient and convenient services while not forgetting to strengthen users’ personal security awareness. AScoin Wallet has always regarded product security as the key to winning user trust and satisfaction, committed to continuously maintaining high-level security protection, and strives to create a safe and reliable digital asset management platform for users.

Multi-signature Technology

AScoin Wallet protocol contract permissions require administrator permissions to operate, including upgrades and configurations. AScoin Wallet also uses multi-signature technology, so multiple private key signature authorizations are required to transfer assets.

In terms of mechanism, AScoin Wallet limits the data in the wallet contract. Specifically, there is a limit, that is, the flow of cross-chain data transmission in the wallet every day. This design is to ensure the safety of data at the mechanism level as much as possible, so the amount of data locked by the entire DWallet protocol is limited, thereby reducing the risk of hacker attacks.

Technically, AScoin Wallet uses multi-signature to check each data flow, and at the same time, it ensures a cross-chain data transaction experience. In this way, the security of digital wallets is greatly improved.

In terms of consensus, AScoin Wallet supports the signatures of multiple validators. This is a form of risk control, as the only effective way to avoid misconduct by a manager is to add more managers. At the same time, with the help of the DRAND consensus random algorithm, AScoin Wallet selects the main validator for each transaction, and the main validator collects signatures from other validators. This improves verification efficiency. In addition, for security reasons, the signatures collected by the main validator will be re-verified by re-signing. Therefore, AScoin Wallet can reduce the risk of misconduct from the main validator.

Currently, more than 90% of digital asset trading terminals use ordinary wallet address management. If a multi-signature wallet is used for management, the security of the wallet will be greatly improved.

Self-custody Transaction

AScoin is a non-custodial wallet, also known as a decentralized crypto wallet, which means that only the user has control over the wallet’s private keys and mnemonic phrases. The asset records are on the chain, and users can fully control their own crypto assets without the interference of any intermediary institution. The non-custodial wallet has high security, and transfer transactions are often faster, with lower transaction costs.

For users, it is necessary to properly preserve the private keys and mnemonic phrases. In addition, when interacting with decentralized applications (DApps), users also need to use a non-custodial wallet.

On the other hand, for users’ on-chain transaction behavior, the design of the smart contract ensures self-management of transaction settlement, that is, the transaction is completed once the conditions are met. Or, if the transaction fails, the user’s assets are always kept in their controlled wallet.

Delayed Activation

For operations related to user assets, the contract is designed with a time lock feature that takes effect in a delayed manner to avoid unexpected immediate effect, and the administrator can make corrections during the delay period.

Audit - Certik & SlowMist

Before the official launch of the AScoin Wallet mainnet, a professional security team will complete a full audit of it. Once the mainnet goes live, the security team will continuously conduct follow-up security audits based on the smart contracts deployed on the mainnet. In addition, before each contract upgrade, it will be submitted to third-party nodes for re-audit. At present, AScoin Wallet has passed security audits by Certik and SlowMist.

Source: GitHub_en-us.pdf?file=SlowMist%20Audit%20Report%20-%20Assure(Android)_en-us.pdf)

AScoin Wallet Main Features

Creating the Best Channel for On-Chain Users to Enter Exchanges

AScoin Wallet seamlessly connects to exchanges such as Binance and MEXC. It is currently integrating OKX to create the best channel for on-chain users to enter the exchange. Compared with users downloading exchange APPs one by one and authenticating information one by one, only one AScoin Wallet address is required. , you can create an exchange account and quickly top up and trade without a phone call or email.

AScoin Wallet is the official broker of Binance. It connects to Binance through the API interface, shares transaction data and depth, and provides users with Binance market services. Currently, the amount of transactions through AScoin Wallet reaches more than $1 billion USD (30 days), and the cumulative transaction volume exceeds $30 billion USD.

1. Generate DID through blockchain address, participate in Binance market transactions, and fully protect personal privacy.

2. One-click deposit and withdrawal with the local wallet, making trading more convenient.

3. Rewards for transaction fees, with incentive attributes.

4. Provide more customized trading services, strategy trading, and copy trading.

Official Binance Broker

AScoin Wallet is an official Binance broker, and through AScoin, you can reach the Binance market with one click, easily realizing free trading between DEX and CEX.

The AScoin Binance broker account uses Binance’s sub-mother account system, that is, the Binance master account, and all trading accounts in AScoin are sub-accounts established under the Binance mother account. Therefore, AScoin Binance broker accounts are funded by Binance official custody, AScoin maximally protects user fund security.

Social Chat

In 2016, the AScoin team released the “Hole” encrypted chat software and began to get involved in the field of encrypted chat.

Social chat development experience has always been the team’s accumulated wealth. After turning to wallet development in 2020, the team integrated technology and experience into the wallet, creating a decentralized social chat ecosystem with addresses as DID, providing users with a- Stop anonymous social chat solution.

At the beginning of 2022, the official release of “Web3 Anonymous Social Chat 1.0 Ecosystem” was announced. Basic functions such as anonymous chat, peer-to-peer transfer, and group red envelopes have been implemented.

Source: medium

AScoin social chat is combined with Signal to implement a decentralized anonymous chat system with address as DID, which is a key functional module of AScoin.

AScoin Social Chat Features:

1. No email or mobile phone number is required to register, only a blockchain address is required. Using the blockchain address as the identity ID, abandoning traditional Web2 registration methods such as phone number and email address, the private key can become the only entrance to social chat.

2. The community supports 100,000+ users online at the same time. Secure signal code, end-to-end encrypted chat, and core social chat data are encrypted and stored locally on the user, fully protecting the user’s personal privacy and security and meeting the needs of encrypted chat.

3. Support chatting and sending red envelopes to realize value between addresses and meet social needs.

4. Expand more social scenarios, such as group leader, pinned chat, group, mute mode, etc., to meet the social needs of the encryption industry.

Red Packet Feature:

AScoin Wallet strengthens the interconnection between on-chain functions and chat accounts. Users can directly use the blockchain address to chat, transfer and send red envelopes, thus enriching the entertainment scenarios on the chain.

For example, when users open the “Chat” module and enter the friend or group chat interface, they can use the red envelope function. Currently, AScoin Wallet supports the use of USDT, USDC, ETH, BNB and other digital assets to issue red envelopes. The payment method can be any one of BNB Chain, ETH chain, TRON chain and cloud wallet.

When a friend or group sends a red envelope, click to open it and receive it. The amount of the red envelope after receiving it will be stored in the cloud wallet, and users can withdraw coins in the cloud wallet.

This design of AScoin Wallet allows users to enjoy the fun of chatting while easily managing and using their digital assets.

Comprehensive Feature Integration

AScoin Wallet currently integrates multiple functions including TRX energy leasing, market/flash exchange, BRC20 inscription (supported by OKX), Dapp, CeFi& DeFi Earn, etc.

From a public chain perspective, AScoin Wallet has integrated BTC, Ethereum, BNB Chain, TRON, HECO, OKx, Solana, Polkadot, Cardano, Filecoin, Arbitrum, Optomistic, Aptos, Polygon and other mainstream public chains and assets.

In addition, Assure is currently working on developing more cross-chain underlying protocols, aiming to support the storage and transactions of digital assets (DeFi and NFT), DApps and Meta-related applications on popular public chains to improve the Web3.0 infrastructure.

Tokenomics

$SURE token is the utility token of the AScoin wallet platform, providing power for the entire ecosystem. $SURE token is based on Ethereum (ERC20), BNB Chain (BEP20).

The initial 1 billion SURE will be issued on the BNB chain. Subsequently, some SUREs on the BNB chain will be inferred as needed, and an equal number of SUREs will be issued on the Ethereum chain to achieve multi-chain issuance.

Release Rules

• Mining pool: 0% release in TGE.
• Market: 3-year cycle, TGE 30%, 6-month cliff, linear unlock from month 7
• Treasury: 3 year cycle, 10% in TGE, December cliff, linear unlock starting in year 2
• Airdrop: 1 year cycle, 10% in TGE, unlocked based on remaining activity
• Public offering: TGE 100% to be determined

Use Cases

The future use cases of $SURE tokens will include participating in new IDO projects, exchanging veSURE for platform dividends, participating in platform governance, VIP benefits, mining incentives, and more, giving the token a variety of application scenarios.

Airdrop in Progress

The AScoin Wallet has opened the first batch of airdrop inquiries and applications. Users can go to the official website or download the AScoin App to check their eligibility for the airdrop and apply. It is estimated that over 20,000 early users of the wallet are eligible for the airdrop. The inquiry period is from 12:00 on February 2 to 12:00 on February 4, Beijing time, and the first batch of application period is from 12:00 on February 5 to 12:00 on February 7.

The airdrop targets users of the AScoin Wallet, who have a chance to receive a traceable airdrop. The longer the use time and the higher the frequency, the larger the amount of airdrop received. Future use of finance and Binance Market may also yield SURE mining income.

Summary

Despite the continuous evolution of the Web3 story, and the influx of a new batch of developers and users, its current user base is still negligible, especially when compared with the more than 4 billion global internet users. Taking the monthly active user numbers of mainstream on-chain wallets like MetaMask as an example, compared with the massive user base of traditional internet giants like Facebook, the number of Web3 wallet users seems “insignificant”. This not only highlights the tiny proportion of digital asset wallet users, but also the huge potential growth space in the market.

For AScoin Wallet, the digital world of Web3 hides billions of potential users in an untapped vast space. In this constantly expanding field, wallets that can attract and retain mainstream users will have the upper hand in the fiercely competitive battlefield of the future. As more users begin to understand and participate in the world of Web3, wallets that offer intuitive, safe, and multifunctional services may become key forces in the future.

Disclaimer：

1. This article is reprinted from [Aicoin], All copyrights belong to the original author [Vicky，Foresight News]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
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