Airwallet - Project Review

toluene (47)in #crypto • 5 years ago (edited)

The invention of Blockchain technology in 2008 took the world financial system by storm. It marked the origin of a new Age, the decentralized age. This is an age where the people have significant power over financial transactions without any form of regulations or control from the government. The Blockchain technology is gradually making waves in several industries of the world economy due to it decentralized nature and effective solutions it offers to even the most complex of problems. Several industries like commerce and finance, machine learning, security, entertainment and data storage have already experienced major impact of the Blockchain technology while the rest and not far apart.

Despite the significant success and recognition cryptocurrencies have enjoyed in the past decade, it is still in its infancy stage and yet to attain mass adoption world, as it is currently adopted by less than 10% of the total world population. And this is because of some of the challenges encountered by people in the course of acquiring and using cryptocurrencies for their day to day transactions.

In this content, I will be introducing the Airwallet Blockchain project. This is a Blockchain project that created to make the cryptocurrency world safer and user friendly for both newbie’s and veterans by tackling the problems encountered in the course of acquisition (through airdrop and bounties) and usage of cryptocurrencies for daily transactions worldwide.

Introducing Airwallet

Airwallet is a Blockchain based decentralized wallet created with the aim of bringing the cryptocurrency world closer and more comfy for the masses by making the acquisition and management of cryptocurrencies as easy as it could be. The main purpose of Airwallet is to smash the hurdle that exist between the traditional fiat system and crypto world, thereby creating a medium for cryptocurrency usage as means of payment across the global.

Existing challenges

Misconception of airdrop and bounties: Airdrops and Bounties are very famous in the crypto world as part of the ways to earn crypto coins without investing. They are usually used by crypto projects to reward the community for their participation towards the development of the project. The rewards are usually a percentage of the project’s tokens or coin, which is a misconception that needs to be modified. Random or regular companies, projects and businesses outside the crypto world that want to promote or market their products should be able to use utilize airdrop and bounties to do so, without having to create their own tokens or coins.

Ineffective cryptocurrency usage: Every cryptocurrency should be created for a particular purpose and should have real use case. The pitiful part is that most cryptocurrencies presented listed on exchanges do not serve the use case it was created for and are rather focused on price speculations instead.

Global access constraint: local platforms often find it difficult to reach user base outside their region.

Complex nature of most airdrops: most participants find participating in airdrops a bit stressful and complex as they will have to go through registration on the project’s website, connect their different social media platform and also complete different time consuming task. This process will be repeated for several projects airdrop:

Airwallet solutions

The Vision of Airwallet is to create a platform that will unite the traditional currency economy with the cryptocurrency world through the elimination of currency hurdles in the payment system. This will therefore link global users with local platforms.

Airwallet is abreast the above challenges and have offered different solutions through it platform to counter them.

New concept about airdrops and bounties: Airwallet is not restricted to the previous concept of providing airdrops and bounties to token projects alone. Companies and businesses outside the crypto space can now engage in social media marketing through airdrops and bounties with the Airwallet platform.

Efficient asset management: Airwallet offers users a simplified process of participating in airdrops and bounties by providing them with a safe one-stop solution for participation. It also offers users with the ability to efficiently manage their digital asset (either personal digital assets or assets gotten through airdrop). Airwallet token holders are also at advantage of receiving more tokens when participating in airdrop and bounties.

Connection of cryptocurrency to traditional economy: Airwallet will unite these two economy by providing a shopping mall or marketplace that will allow the easy usage of cryptocurrency for the purchase of different goods and services with currency hurdles.