ImToken Review - Secure Management of Digital Assets
With its four main functions, "Wallet", "Market", "Browser" and "Staking", imToken helps users store their assets in one place. It also enables them to experience wallets on 12 leading public blockchains and seamlessly connect with DApps via an inbuilt exchange.
The wallet offers effective security measures including multi-character password and offline transaction signing, as well as third-party security audits. The platform is also open-sourced.
One of the most well-known multichain cryptocurrency wallets on the market, imToken offers a wide range of tools for your crypto investments. It includes a secure wallet with multiple backup options, a highly versatile DApp browser, and an inbuilt exchange called Tokenlon that lets you quickly swap cryptos. The app also supports various incentives and provides the option to use FaceID and fingerprint security.
The wallet has a great user interface and is easy to use even for newbies. It is compatible with both Android and iOS devices and works with over 270 blockchain networks, including Ethereum. The developer is dedicated to staying ahead of the curve and regularly adds support for new blockchain networks.
It is a multichain wallet that allows you to store Ethereum and other ERC-20 tokens safely. You can also trade coins and tokens on the built-in Instant Exchange, which is based on smart contracts. Unlike other exchanges, your tokens never leave your wallet. You can also backup your wallet with a single Mnemonic Passphrase, making it very secure.
This is a multi-chain wallet that offers you a safe way to protect your cryptocurrencies and non-fungible tokens (NFT). It is closed source and a little walled off, but it does offer good functionality for storing and managing your digital assets. It also offers a feature that allows you to connect to a hardware wallet like the Ledger Nano X or old phone for cold storage.
In order to utilize decentralized applications (dApps) that run on blockchains, users must use a dApp browser. DApp browsers work by integrating with an existing cryptocurrency wallet and providing users with an easy-to-use interface for accessing and interacting with dApps.
DApp browsers can be found as extensions for web browsers, like MetaMask and Brave, or standalone applications that offer a variety of features for using dApps. They can also be accessed from desktops or mobile devices, depending on the needs of the user.
These apps can be used to transfer crypto between accounts, create new tokens, and browse dApps. They can also be used to buy and sell cryptocurrencies and digital assets. These apps can also serve as a secure wallet, with features such as cold storage and seed phrase backup. They can also protect your funds from online attacks by implementing multi-layer security.
These apps can also display risk reminders to help users make smarter decisions. They can also warn users about phishing sites and other potential scams. This feature is especially useful for beginners, who may not be able to distinguish legitimate projects from fake ones. These apps can also be integrated with hardware wallets, allowing them to be securely stored offline and protected from malware. They can also be synchronized with major exchanges to provide price feeds and alarms.
In order to safeguard their digital assets, Imtoken allows users to create and import wallets with a simple tap. They can also use the built-in exchange to swap tokens, which is an important feature in light of recent hacks at large crypto trading platforms. Additionally, the application provides news updates to help investors stay informed about price movements and market trends.
The built-in exchange of imToken 2.0 supports a variety of blockchain and token-based assets. It features one-click trading based on smart contracts, so your tokens never leave the wallet. This makes it a safer alternative to traditional exchanges that have been the target of frequent hacks.
Users can also access their cryptos on the go using imToken 2.0, which comes with a secure hardware wallet that protects private keys and mnemonics. It uses a security chip called CC EAL6+ and is audited by multiple professional auditors. It also supports a wide range of digital assets, including BTC, ETH, and COSMOS.
In addition to its core wallet, the company offers a suite of developer tools to support third-party developers. This includes the Loopring DEX, a high-performance decentralized exchange that can process thousands of transactions per second. Founded in 2016, imToken has raised over $10 million in series A funding from IDG Capital. The company is headquartered in Singapore. It serves customers in the blockchain infrastructure and development, crypto & deFi, and supply chain sectors.
Tokenlon, the decentralized exchange developed by imToken, facilitated over US$10 billion in total trading volume. It is the world’s most advanced and energy efficient blockchain-based DEX, with support for multiple crypto-tokens, including ETH/USDC and VC/ETH trading pairs. The platform also offers enhanced security features, including the ability to secure your wallet with a cold storage solution or an imKey bluetooth hardware wallet.
imToken has deeply integrated the non-custodial ETH staking solution provided by InfStones. This solution allows users to retain ownership and control of their staked assets while staking as validator node at the Ethereum consensus layer, without worrying about maintaining server services or storing your ETH.
Scams are constantly evolving, making it difficult for average users to prevent them. To help protect your assets, imToken is committed to rapidly detecting issues and providing timely messages to the community. In addition, the team regularly provides education on various types of scams to help keep users safe.
To mark our 7th anniversary,Is Imtoken a dapp? , imToken held a user-centered product building AMA event on Twitter. Participants who completed tasks such as staking Velocore and exchanging more than 0.05 ETH in the Tokenlon DEX were eligible to win rewards including 3000 USDT and 10 imKey Pro hardware wallets.