Ethos – The Universal Wallet Guide
Sector: Universal Wallet
Supply: 77,297,497 Ethos
Market Cap: $138,922,927 USD
Website Link: https://www.ethos.io/
How to Buy: Currently the only way to buy Ethos tokens is through the following exchanges;
What is Ethos?
Ethos is a Universal Wallet platform that enables safe and user-friendly storage of currencies in a mobile wallet. The Ethos wallet will be a major catalyst in the mainstream adoption of cryptocurrencies due to its revolutionary universal wallet.
What does the Ethos Token do?
The “Ethos” token is the fuel that powers the Ethos Ecosystem, developers can build applications leveraging the Ethos wallet using keys or data in Bedrock and pay for micro-service API calls through the Ethos Token. Ethos tokens also will reduce the cost for any Ethos wallet users. Simply put, like most dApps tokens, the Ethos token is what runs the Ethos wallet and will be used to pay for additional wallet features in the future.
Ethos Universal Wallet Features
- Safely store almost any cryptocurrency on 1 wallet (FIAT currency is on the roadmap as well)
- Smart Keys allow users to secure self-custody of hundreds of different coins or tokens with a single key. If you are new to the cryptocurrency scene this is an extremely user-friendly enhancement in the crypto realm. Until now, users were required to either; A) create a different wallet for each currency/token, B) Buy and learn how to operate a cold storage wallet such as the Nano Ledger S, or C) Keep their currencies on exchanges (not advised).
- Ethos Bedrock enables a “Stripe for Crypto” processing & development platform for running scalable applications and proof of identity/data and source funds on the blockchain
- The Ethos API will help consumers and institutions connect new FinTech applications for real-time asset monitoring
If you don’t know what an airdrop is here is a useful link.
The Ethos wallet will be distributing partner airdrops for free to anyone who creates an Ethos wallet! This means by just creating a wallet, you can expect to receive FREE cryptocurrencies and tokens! For anyone that has pre-registered for the Ethos wallet, there will be additional airdrops as well. This feature of the Ethos wallet will be very useful in guiding user adoption of any new blockchain applications or cryptocurrencies in general (plus who doesn’t like free money?).
Wallet Setup Walkthrough
- Download the Ethos Wallet
- Open Ethos and register a new account. (if you pre-registered than be sure to use the same email you signed up with for additional bonus airdrops)
- Verify your email
- Within the application, navigate to the “Wallet” tab and generate a new smart wallet (should take about 5 minutes, be sure to have a pen and paper ready)
- Secure your wallet, BE SURE TO BACKUP YOUR 24 WORD PRIVATE PHRASE, THIS PHRASE IS THE PASSWORD TO YOUR FUNDS IN YOUR WALLET! With this passphrase, if you were to lose the device with the wallet on it you will be able to recover the wallet on a new device
6. Add currencies to your wallet and your wallet is ready to go! If you are new to cryptocurrency please be sure to understand how the wallets work with regards to sending/receiving funds. If you wish to send or receive a specific currency or token, you MUST use the correct address for that specific currency! In other words only send Bitcoin to Bitcoin wallets, Ethereum to Ethereum wallets, etc.
Overall Ethos wallet will be a useful tool in aiding mainstream adoption of cryptocurrencies due to its user-friendly interface and private key storage.
Image Source: HowToInvestInCrypto.net
Ethos (BQX): 0xA7E8268B56Ff85a9dF4ba1231d8ccD34dc9c5a73