Cobo: One Wallet to Get Them All
The story of blockchain technology is not a long one as anyone who actually interested in the area certainly grasps. Still, cryptocurrencies which could be accepted as a blockchain spin-off had produced a big influence, particularly in the investment division. Driving by Bitcoin, they impersonated a new business and this business scored an unusual $800 billions market cap at the closing part of 2017 and beginning of 2018 for that fresh financing devices.
The largest number of people who possess attention in crypto imagine digital assets as the prospect of financing system and money. Possibly they are right and maybe not though this is for certain that crypto assets are hither and they all are growing and getting more useful every day passing.
Start of digital currencies has a significant impact on being a regular basis. Unlike many other properties and utility agents, storing digital assets is easy but risky. The wallet platforms are the most important elements when it comes to the storing and when we consider the variety of cryptocurrencies, owning different wallets is not a convenient action. There must be a reliable and practical solution for that matter and I'd like to introduce one that really offers great solutions regarding the wallets and their problems.
The Reason
First of all, Cobo wallet has native support for 20 different blockchain platforms and more than 500 tokens. In addition to that, I'll list the reasons to choose Cobo wallet as a major storing centre. Let's go!
ツ Security
In the security part, what commonly present at hand is available. Multi-functional authentication, password protection for login and payments, 2FA security and KYC procedure exist and ready to use.
In addition to those, the storage system is divided into two as separate systems. Hot and cold storage options are differently available asset allocation is in tune with this.
Also, a bank-level security option is ready to store private keys in multi-signature cards located secret places all around the globe.
ツ Platform Features
★ Within the Cobo, you can have more of entertainment. Playing games, investing or storing your crypto.
★ Cobo has default PoS support and its own dApp store.
★ There are two different wallet options. You can use cloud wallet to more easy-going processes or hd wallet to gain absolute control over your assets.
ツ Staking Inside
For PoS chains, Cobo's PoS support is ready. Let me list the present opportunities.
| ✌ For IoTeX | There is no investment limit and 40% annual income |
|---|---|
| ✌ For Dash | 0.01 is the lower limit and 7% annual income chance with regular payment on every Tuesday |
| ✌ For LBTC | Minimum holding limit is 0.1 and 85% annual payment is here |
| ✌ For XZC | Divisions are paid every Tuesday with a total of 30% annual profit if you invest more than 0.1 |
Behind the Curtain
Final Words
When we compare with other competitors, Cobo wallet has so many advantages. Besides the default multi-chain and multi-currency support, native PoS support is at hand and this means plenty of income opportunities. Neat and practical design and two separate wallet system is more than a convenient wallet app. All ecosystem is charming in my point of view.
Thanks for reading my article.
For more details, please visit the project links or watch the video below
DISCLAIMER
This article is not meant to give commercial or any other kind of advice. It is just an informative text at all.
Always DYOR