All of us have heard about and used Web Browsers. It is our door to the internet which helps us meaningfully interact with information across the internet. Without the browser the same information will be full of tags, URLs and technical notations, which can be very painful for a common user to interact with. The web browser is a software we download and use to interact with different internet sites, and provides the user experience which has made the web so popular.
So what is a blockchain wallet or crypto wallet?
It is a software application which allows us to interact with accounts in blockchain. The name “wallet” can be misleading. Wallets do not hold your coins or tokens. It only interfaces with blockchains to give you the exact information about your coins and assets on the blockchain. The most important function of the wallet is to store the private key which is required to interact and operate your accounts on the blockchain. For those who are less technical, a private key is similar to your secret account password which is stored in the wallet. Wallets have the capability to interact with multiple blockchains and manage multiple private keys, making your life easier in managing your digital assets.
What is AFOMA wallet and why do we need one?
While AFOMA token holders can use any wallet which supports the token, the, AFOMA wallet will provide the user experience and integrations which are most relevant to the AFOMA community. Development and evolution will be governed by the community which will provide the best experience for its members.
The AFOMA wallet roadmap will include:
- Integrations with different blockchains and tokens as voted by the community.
- Integrations with exchanges which are most beneficial to the community.
- Ability to easily interface with SELLITIC (a decentralized marketplace) for rewards and redemptions.
- Local language support most useful to the community.
- Easy options for making charitable donations supported by the community.
And many more based on community approval.
The wallet will be available on mobile and as a browser extension. The AFOMA wallet is a non custodial wallet which means that the keys are secure with you and not stored by a third party.
The first version of the wallet is under development, and it will soon be made available for download. Kindly follow us to get updates on the progress and release date.
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