Atomic Wallet: a light wallet solution for crypto assets

Atomic wallet is a multi-asset management and storage tool for cryptocurrency enthusiast. It is a distributed platform with amazing features that are appealing to its diverse users. These features include a built-in Atomic swap, integrated exchanges like Shapeshift and Changelly for swift transactions. The Atomic wallet team seeks to address the security issues (hacks, theft etc.) regarding cryptocurrency wallets and to help users effectively and efficiently manage their digital assets.
In this report, we are going to look at certain things that are peculiar to the Atomic Wallet project.

Atomic Wallet Product (MVP)

MVP stands for minimum variable product. It could be referred to as a product with enough features to satisfy the initial customers and provide feedback for future development (Beneyto, 2018). The team behind the project has deployed a working product which is being utilized by users across the globe. The platform is currently available as a desktop application for Windows OS, MacOs and other Linux distributions. They also have plans to release the mobile version in autumn. The wallet comes with many exciting features to help users have a better experience. It enables users to manage and store varieties of digital assets like Bitcoin, Etherium, Litecoin, ERC20 tokens and several others that are being added as the product evolves.

Atomic Wallet: a light wallet solution

The Atomic swap is an extra functionality of the Atomic wallet to help users of the product to seamlessly exchange their crypto assets. We all know the hustle we go through when it comes to using centralized exchanges. We sometimes face the issues of our funds being prone to attacks, delayed withdrawal process due to identity verification, high fees for transactions etc. The atomic swap process was intended to address this issues.
With atomic swap, users get to enjoy benefits including identity verification not being mandatory, fixed exchange rates, unlimited transactions, direct exchanges of one coin for another without intermediary pairs and several others. Unfortunately, this functionality doesn’t support all coins and Atomic wallet has made provisions for that by introducing ShapeShift (instant exchange and fixed rate) as an optional exchange.

Process of Atomic Swap

Atomic Wallet Coin (AWC)

The Atomic Wallet coin is an ERC20 compatible token which will run on the Ethereum blockchain. Seeking to create an all in one eco-system, the AWC token will serve as a primary payment method for cryptocurrency listing in Atomic Wallet, Currency promotion or Swap Order interface placement.

For a cryptocurrency to be integrated into Atomic Wallet, a listing fee of 100,000 AWC-tokens will need to be settled. Listing of assets in the Atomic Wallet Swap Exchange market will cost 150,000 AWC-tokens. This approach will increase the use cases or utility of the tokens on the platform.

Another instance where the AWC token could come into use is when a cryptocurrency, foundation or token applies for promotion on the Atomic Wallet GUI (Graphical User Interface). As time goes on, arrangements will be put in place for better advertising opportunities.
Every user of the wallet will receive a public rating for activities conducted on the platform. These may include successfully completed swaps, the volume of trade etc. The rating shows how experienced a user is and increases his/her reputation. In order to increase the rating on the platform, users will need to pay a fee with the AWC token. The rating mechanism will be communicated to the general public as the project develops.

To validate the credibility and competence of a creator we look and evaluate its creation. Atomic wallet team has shown an impressive performance throughout the project. The beta version of their platform is being utilized and there has been positive feedback so far. The release of the mobile versions will help increase the project potentials and will attract investors and supporters.

Token Details

Type: ERC20 Token
Ticker: AWC
Full name: Atomic Wallet Coin
Decimals: 8
Total supply: 100,000,000 AWC
Contract address: https://etherscan.io/address/0xad22f63404f7305e4713ccbd4f296f34770513f4

Useful References

Website--- https://atomicwallet.io/
Whitepaper--- https://download.atomicwallet.io/atomicwallet-whitepaper.pdf
Medium--- https://medium.com/@atomicwallet
Telegram--- https://t.me/atomicwalletchat

Content credit:
Bitcointalk Username: thinkright
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2328259