Ambire Wallet Introduction

Ambire Wallet is a new-generation, full-featured cryptocurrency wallet, designed for anyone from the absolute beginner in crypto to the crypto- and DeFi-savvy users.It brings to the table a number of innovative features like transaction batching, automatic gas management, hardware wallet support for military grade security, etc.With Ambire wallet, anyone can easily benefit from the crypto and DeFi industries without dealing with complicated interfaces, or learning complex concepts. It handles everything under the hood so that users can focus on the actions they want to perform and nothing else.This intuitive wallet helps people avoid stuck transactions, protect their crypto assets and skip the overwhelming learning curve of DeFi protocols and tools.With a crypto-enabled debit card in the pipeline, Ambire Wallet will also allow users to purchase crypto with fiat and easily spend their crypto assets for everyday transactions.

 

Key features:

The key feature is that Ambire is a smart wallet (each user is a smart contract), enabling for transaction batching (multiple actions in the same txn), paying gas in stablecoins, automating gas fees, smart account recovery and others.

Furthermore, Ambire supports hardware wallets (currently Trezor and Ledger and Grid+ in progress), and many DeFi protocols built in (most notably Aave and Yearn)

 

Token distribution and lock-in:

Allocation Allocation Rate Token Release Schedule
Founders & Early Team 10% 3 year linear vesting; allocations to team members are distributed as long as the given person is part of the team - if they leave, they lose the remainder
Early Backers 12.7% 1 year linear vesting (linear = more tokens unlock every block, and recipients can claim manually when they want to)
Early Users 30% For early users and stakers, distributed over 4 years (early user continuous airdrop)
ADX Stakers 10%

As a way of involving the AdEx community and promoting Ambire to the community, distributed over 18 months as additional staking rewards; this staking reward is locked (distributed in xWALLET and received only in the Wallet itself)

DAO 35.5% Allocation to the WALLET DAO
Initial liquidity 1.8% For launching the token

Project timeline:

November 2021 - closed Beta with 5,000 users;

December 16th 2021 - Wallet goes live;

January 16th 2022 - more than 40,000 users and $21,000,000 funds locked;

Q1 2022 - Mobile apps to be released

 

Team background:

Ambire was created by the team behind AdEx Network, the first decentralized ad exchange and the largest payment channel network on Ethereum. The same team founded a media center with over 20 million signups, and is well versed in cryptography and Ethereum/EVM, as well as user experience.

 

Related links:

Discord chat: https://discord.gg/nMBGJsb

Telegram: https://t.me/AmbireOfficial

Github: https://github.com/AmbireTech

Content on this page was provided by the Ambire Wallet team.

 

Huobi Global

January 28, 2022

 

 

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