casestudy-coinboxfinance

Coinbox - An Secure Wallet

A locked receptacle to store the coins inserted in a coin-operated device.

casestudy-coinboxfinance

Introduction

Coinbox Finance is a multi-chain asset interface management system for various trending technologies such as Blockchain, DEFI’s and NFTs. It is a consolidated space where one can manage all the coins in a single platform by avoiding the stress of accessing the assets stored in different applications. In simple words, Coinbox Finance helps the user to store all the digital currency assets under one roof.

Business Challenges

Cryptocurrency and blockchain have custodian wallet issues where in which without the crypto key, the tokens cannot be accessed. Moreover, the layer 1 limitation leads to privacy breaches and reduces trust among the users. Moreover, in the usual crypto market, lot of costs is incurred for the middlemen which is a loss for the enterprise or the owner. Manipulation of data in custodian wallets is another big challenge faced by businesses.

Solutions

Both Android & IOS Versions, with the highest security standards work with private keys.

Create and import existing wallets, even existing accounts

200+ assets pre-enabled,

Holds unlimited addresses inside the wallet.

Layer 2 Solution: - To reduce the cost of transactions.

Merchant Invoice generation: - used as a point-of-sale (POS) app for merchants, supports all ERC20 and BEP20 tokens. uses Layer 2 Off-Chain mechanism.

Referrals Program: - Enable instant tracking of all referrals and commissions directly. InProgress:

Decentralized P2P

Token Creator: - creating ERC20 & BEP20 tokens directly from the mobile app

Advantages

Easy to use

As not much technicality is involved, Coinbox encourages more users to take up bitcoin and blockchain. The steps involved in creating, minting and saving tokens are relatively simpler and happen in less time.

Future Proof

Coinbox is a guaranteed solution for storing tokens under one roof. It also offers a secured assurance for future proof to redeem the tokens when needed.

Scalability

Perhaps the biggest advantage of Coinbox is scalability. It makes blockchain tokens quite reliable thereby attracting more users to find faith in cryptocurrency.

Adoption

Coinbox is easy to adopt as it is accepted by multiple platforms- both existing and emerging ones.

Benefits

Coinbox’s Core Wallet offers solutions for many issues that were troubling blockchain for years

Coinbox solves the custodial wallet problem that relied too much on a centralized wallet and exchanger but with coinbox- the concept is entirely decentralized and distributed applications are used.

Coinbox also solves the layer 1 limitation that is slow, and expensive execution by bringing in layer 2 which not only increases the speed but also reduces the transaction cost.

While other applications intrude into user privacy by collecting KYC details, Coinbox is open source and non-custodial.

Results

Coinbox is a promising solution for many business challenges and by combining the features of P2P and NFT, it becomes a one-stop solution for every user. One of the biggest highlights of Coinbox is the Merchant Enabler in which the user can generate invoice and evolve around a Multichain Ecosystem.

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Coinbox Finance

Coinbox Finance is a multi-chain asset interface management system for various trending technologies such as Blockchain, DEFI’s and NFTs.

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Are you looking for apply Blockchain Solutions to FinTech Business?

Expertise in developing web application for you to fulfill your requirement.

casestudy-coinboxfinance
casestudy-coinboxfinance

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