Introduction
As an emerging decentralized finance (DeFi) platform in a large market containing numerous markets, it is important to deliver amazing benefits to users and the general public. This tends to attract potential investors and gain the interest of crypto enthusiasts to join the platform. Kragx is a new DeFi network and developing the platform to offer exciting and improved advantages to its community will determine the success and sustainability. This is why there are several benefits for users who intend to invest in the Kragx network. Providing an improved financial system of operation is the aim of Kragx towards meeting the needs of its users.
Kragx development team is developing advanced features and functions on its network which will enhance the transactions and payment systems in the financial industry through a decentralized system. Besides this, the team also designed a DeFi wallet that is compatible with ERC-20 digital assets, as the network is built on the Ethereum blockchain. The platform will also be equipped with a user-friendly interface on its decentralized applications, as this will captivate the interest of investors. Another benefit of the Kragx network is that users can use the platform’s tokens to perform online transactions and e-commerce payments. This saves users from going through the time-wasting processes involved with traditional financial systems and the additional cost of processing the transactions.
The Kragx Decentralized Crypto Currency Wallet
Even with the number of crypto projects available in the market, the majority of them do not have their cryptocurrency wallets. They often use other wallets and exchanges to store and transfer their tokens, and this often leads to loss of assets incurred by the users. Kragx prioritizes the security and confidentiality of its clients’ assets, transaction information, and data; this is why they are making tremendous efforts to improve their services. One of the ways to achieve this is through developing the platform’s DeFi wallet. The design of this wallet enables users to have complete rights over their assets and exercise total ownership over the wallet via their private keys.
Several features and offerings are available on the Kragx DeFi wallet and these are beneficial in various to users. These benefits include:
Security
A good number of users have lost their assets and tokens stored in wallets because of the poor security system of the wallets. Kragx focuses on eliminating the occurrence of clients losing their tokens, and hence, they developed a remarkably secure system. All transactions and transfers on the Kragx platform require the verification of at least two authorization keys. This helps users to protect their assets and information on the network.
Decentralized
No one has the rights or access to the wallet and assets of any user on the Kragx network. This is because the wallet is designed with a decentralized structure that allows users to have sole authority and rights over their wallet, transaction information, and assets. They possess private keys that enable them to secure their tokens themselves; no need or interference from a third party or exchange platforms.
Anonymous
As a way to protect users and secure transactions and payments, the Kragx wallet possesses an anonymity feature. This helps to keep the information of the parties involved in any transaction hidden from the public. Users can perform their businesses on the network without bothering about any exposure to the transaction details or their identity.
Portfolio Management
Users of the Kragx wallet can handle all their financial transactions, build and manage their transactions using the wallet. Unlike most wallets that allow users to only store their tokens, clients on the network can perform multiple functions using the Kragx wallet. The exchange and staking of all supported assets can take place on the wallet and all transactions will remain secure.
Exchange with Cashback
The wallet has over 70 crypto token pairings available for exchange and swapping. Users will likely find a suitable pairing that fits their choice. The two widely used cryptocurrencies, Bitcoin and Ethereum are also listed among the crypto pairs. Kragx network also designed a reward system for clients who perform swapping of tokens on the platform. This reward is often in the form of the network’s digital assets or cashbacks.
Buy Crypto
Members of the Kragx network do not need to sign up and register on any exchange platform to purchase cryptocurrencies of their choice; the network’s wallet provides this added function for the convenience and accessibility of its users. They can purchase the top trading tokens in the market from the market. This process is easier and efficient; it even enables users to use their desired payment option, as it accepts multiple payment mediums. Payments can be done using a credit card, cryptocurrencies, or fiat currencies such as US dollars and Euros.
Staking
The wallet also offers customers the option of staking their tokens. There are validators on the network looking for tokens they can stake, and users can provide their assets for this process and receive rewards. An incredible benefit of this staking process is that users can perform them at zero fees.
Easy and Reliable UI
Developing a digital wallet to store and secure clients’ assets is one thing to do, creating it in a way that is easy to understand and access is an entirely different thing. The user interface of Kragx wallet is friendly and simple to use. This improves the reliability of the wallet, as users feel more comfortable using it for their transactions and payments. With this feature, using the wallet app is seamless both on web and mobile devices.
Comprehensive Liquidity
There is a concise and effective execution of all transactions performed on the Kragx platform.
Instant Swapping
This is an added benefit on the exchanging of tokens on the Kragx wallet. With this advantage, users do not need to use a fiat currency, use a third-party exchange, or an intermediary to exchange tokens. Users can simply swap one asset for another crypto token easily and in real-time.
Speed
The wallet can handle numerous transactions at a given time. Kragx network processes its transactions and payment 10x faster than most of the decentralized exchanges in the market. It also has the functionality to resolve all scalability issues.
USEFUL LINKS
Website: https://kragx.io/
Whitepaper: https://kragx.io/whitepaper.pdf
Telegram: https://t.me/kragx_chat
Twitter: https://twitter.com/kragxk
Instagram: https://www.instagram.com/kragx_/
Reddit: https://www.reddit.com/user/Kragx_
YouTube: https://www.youtube.com/channel/UCQXzubCYqUb6dNMp3NEoW9w
AUTHOR'S DETAILS
Bitcointalk Username: Nesanens
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767345
Proof of Authentication: https://bitcointalk.org/index.php?topic=5313790.msg56503841#msg56503841
Eth Address: 0xEC77d8EF19da5DC6e60f306B625378aeBeafe9e2