The cryptocurrency trend continues to conquer the world, one person at the time. After ten years of existence - where the last two and a half were particularly eventful - digital currencies are moving faster than ever. New coins are being announced all the time, traders and investors keep emerging from all corners of the world, and even the major businesses are joining the sector.
Of course, with the rapid development of the industry, new inventions are not far behind. Crypto exchanges are emerging as well, offering better and faster services, greater coin and token selection, lower fees, more transparency, and more.
The same is true for blockchains themselves. We are way beyond slow blockchains like those of Bitcoin and Ethereum. But, another important aspect of the crypto industry are wallets, which are crucial for keeping the coins safe. Indeed, new technologies have been emerging in this aspect of the digital finance industry as well, and projects like CoinUs are a perfect example.
CoinUs is a first-of-its-kind hybrid multi-wallet that offers a one-time backup of multiple cryptocurrencies. According to the project, blockchain can only reach its fullest potential if there are services that can meet end-users' realistic expectations. CoinUs plans to use its hybrid wallet as a trigger that would lead to the further expansion of the blockchain ecosystem.
This is why they launched the CoinUs wallet in the first place — to focus on the individual users' usage characteristics. These are human-centered, and not technology-centered, which many seemingly tend to forget when developing similar technologies.
CoinUs wallet comes as a hybrid solution that provides top-notch security by combining the best that both hot and cold wallets have to offer. Its app is a lightweight client that supports Ethereum, ERC-20 tokens, as well as QTUM and QRC-20 tokens. It provides the possibility of making a single backup with a simple QR code, and it allows the creation of additional wallets with a single click.
It will also allow people to participate in multiple ICOs with a single one-pass KYC procedure. It already has an MVP, and it plans to become the entry portal for blockchain participants around the world by developing its CoinVerse Ecosystem. The only thing missing was its own native cryptocurrency, which is why the project plans to hold an ICO and launch it in the future.
CoinUs has yet to announce when its token sale will be held, but there are other details regarding the ICO and the token that are already available to the public. For example, their token will be known as CNUS, and it will be a utility token created on Ethereum's platform.
It will have a low price of 0.0000262502 ETH per 1 CNUS, but the minimum investment during the ICO will be 1 ETH. As indicated, this also means that the project will accept ETH coins in exchange for CNUS, and so far — it appears that ETH will be the only cryptocurrency that will be accepted.
The project has also set up a hard cap of 24,000 ETH, but the soft cap was not announced. We also know that the project was registered in South Korea, and its ICO will have three restricted areas — The US, China, and Singapore. Everyone else can participate after going through the KYC procedure.
| Start | June 5, 2019 |
|---|---|
| End | October 31, 2019 |
| 17 days left |
It appears that CoinUs decided to focus its attention only the investors from South Korea because when I went to the official website, it turned out that it hasn't been localized to English, not to mention other popular languages. All the information that might have helped me to get acquainted with the concept behind CoinUs is written in Korean. I had Google Translate to help me fish out some key details, though most information came out as some gibberish. This is a very big flaw for a project that organizes the token sale.
When it comes to crypto wallets, I like to keep things a bit on the conservative side. I have my Trezor hardware wallet and I am totally happy with it. However, it doesn't mean that I shouldn't explore new possibilities, like the CoinUs wallet here. By exploring, I don't mean that intend to purchase it or invest in this startup. At least, not at this stage of their development. It's definitely a plus that CoinUs had already launched the mobile app, but it will certainly have plenty of bugs. I will wait till they release a few updated versions and then try it out.
The project also has a 27-page long white paper that interested investors should read thoroughly before deciding whether or not they wish to support the project and participate in its ICO.
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