AdEx Network, a company developing a decentralized advertising protocol, has announced its expansion by adding a new product to its portfolio: the AdEx Wallet. The wallet is designed to bring DeFi exposure to the masses. The team tweeted the announcement yesterday, June 1st.
AdEx is a trackable, transparent ad network that allows its clients and users their revenue efficiently and enables them to avoid ad fraud. The platform reported sustainable growth, reaching 10000 registered users in May, consisting of corporate clients (publishers and advertisers). The company also offers staking for its native ADX token.
The Process Of Creating AdEx Wallet
AdEx Wallet is designed to enable fast, easy, and secure access to DeFi projects that provide users more earning opportunities. It can be used easily by people without prior experience with cryptocurrencies and DeFi.
While the AdEx ad platform and staking portal remain a priority, the wallet is a step in a new direction - an expansion of the company. It will provide room for its growth and keep itself up with blockchain technology's latest developments.
AdEx has applied Ethereum-based technologies for their accounts systems. It enables gasless transactions, automatic fee management, and transaction batching, giving AdEx a deep insight into the intricacies of Ethereum Blockchain.
The past couple of years has seen the company experiment with DeFi and learn the know-how of protocols such as Compound, Aave, Yearn, Balancer, and Uniswap. AdEx has gained experience that provides them a qualitative position to develop a DeFi wallet focused on UX.
How Does AdEx Wallet Work?
The AdEx Wallet allows users to diversify their crypto assets, providing them with their investment's maximum potential. It also allows users to plug into different DeFi protocols and manage open positions from a single place.
The team researched tools available on the market at the existing DeFi solutions and compared them to the users’ needs. The result was that the market was saturated with tools that required a steep learning curve, discouraging the masses new to crypto and DeFi.
AdEx aimed at an all-inclusive approach to create a cryptocurrency wallet that is easy to use for everybody and, at the same time, enabling access to the extensive world of DeFi investment opportunities.
The team aimed to address the most significant pain points of new crypto users using the AdEx platform's experience. The solutions include easier methods for seed phrase management and transaction management. As for the reason to use the AdEx wallet, the company states,
"We're designing a wallet so intuitive, even your grandparents will be able to use it."
Top Benefits For Users
The wallet is scheduled to be launched in July. The team is currently working on the final touches, so it can deliver everything the company promises. The wallet has a single-step sign-up along with an easy-to-use interface, which is anonymous, secure, and easy.
The wallet will allow the purchase of crypto with USD or EUR. Users can also earn high yields, maximize their DeFi exposure without the hassle of multiple steps or token approvals, and save on gas fees.
The wallet ecosystem will allow for the staking of the native ADX token, allowing users to stake in any of the AdEx Staking pools. The team has stated there will be an additional exciting role that ADX will play in the upcoming wallet - which will be announced later, so stay tuned.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.