AMA Recap 404 Daily Crypto with WalletNow
Hello 404 Daily Crypto Community
On 07th June 2021, WalletNow conducted an AMA in the 404 Daily Crypto. Our guest is WalletNow Token Team.
Lots of questions as usual from the Community about WalletNow progress. The WalletNow team took part in a very interesting AMA session which included Project introduction, Questions from Twitter and a live AMA session with the 404 Daily Crypto community. If you missed the AMA in person, read this recap for a deeper insight into WalletNow .
Let’s take a look at the most interesting points of our conversation.
Hello Willy. Welcome to our community, before we go any further, please
introduce yourself, your background and your roles within WalletNow?
Hello, Ega. It is great to be here with you. Sure, I can. I have been working in the IT and software development industry since 2001. My partner, Samir, for even longer than that, since 1999. We are still a very small team, with only two dedicated engineers at this moment. The team wishes to remain anonymous, but they have a background of working for large “Big Tech” companies and both have more than 10 years of experience in IT as well.
Samir and I take care of the administrative stuff, but we also contribute a lot to the product evolution, given our tech background.
Can you give us an overview about the WalletNow project?
WalletNow is an advanced crypto portfolio monitoring solution. It aggregates all your DeFi & CeFi investments in a searchable table and actively monitors it with an integrated Telegram Bot. With detailed LP information, impermanent loss and yields calculation, you are always in control of your investments. In short: It makes your life easier as a crypto investor. For example, we have a Telegram Bot to quickly check your investments and yields, Active monitoring with alerts on your telegram, Detailed LP details & Impermanent Loss, Multiple wallets per account, Time Machine, among many others.
Can you explain how WalletNow and what kind of services it offers to users?
Our most basic service is checking all our yield farms and other crypto investments. But we offer the most complete solution for portfolio monitoring and tracking on BSC. Some of our features are:
— Telegram bot to quickly check your investments, yields, prices, etc — Active monitoring with alerts on your telegram if there is any abnormal volatility
— Binance exchange integration
— Custom vaults
— Detailed token data with LP details and impermanent loss
— Multiple wallets per account
— Privacy lock
— Time machine
… And probably some more I couldn’t remember right now
What products does WalletNow have and in the future, will you add more
We are continuously improving our product based on the community feedback! In the future we want to offer cross-chain aggregation, with full support to all our features. We are also adding more supported protocols very rapidly, and improving our support for “Custom vaults” so you can track any farm you want to.
Some of your features sound really interesting. Can you summarize how this Active Monitoring works?
Sure! When you link your telegram account, our bot’s “Active Monitoring” will constantly monitor all your crypto portfolio and notify you on Telegram if it detects any abnormal volatility! All your portfolio is automatically monitored out of the box. When you buy any new token, or invest on any new farm, pool, stake, etc, WalletNow will automatically detect and start monitoring it you don’t need to move a finger for that. You can customize the types of notifications you want to receive and the thresholds to fit your needs. All settings can be adjusted on the bot itself or on our website.
What about this Time Machine thing? This is the first time I see something
like this! Can you tell us more about it?
Have you ever checked your yields and had the impression that, even though there is a high yield, you were losing money on that farm, but had no idea about exactly how much, because you don’t remember how much you originally invested in your local currency?
Before we built WalletNow, we used spreadsheets to keep track of that manually. And we always wished we had a time machine to go back in time and check the exact position and all the details of a particular investment a few days or weeks ago. And this is exactly what our TimeMachine allows you to do: It allows you to select a point in time and view your portfolio as if you were looking at it in the past. You can even see all the internal token details, and all exchange rates from that time!
Now we can easily answer difficult questions like: “What was the exact position of this investment three days ago in my local currency?” or “How much did the yield increase in the past week?”
From : @aprindo_ariz
When we talk about competitive advantages, What are the main features WalletNow have and how Is #WalletNow different and unique among all other competitor?
I dare to say that we have the best set of features for portfolio monitoring on the market. We don’t know about any other competitor with a similar level of offering today. This is our main competitive advantage.
Also, we take feedback and suggestions from the community very seriously. As a WalletNow user, you can be certain that your particular needs will always be taken into consideration.
From : @Ehggjohn
Does #WalletNow have partnerships and achievements that have been achieved? If so, can you share it with us?
WalletNow is brand new… we launched WalletNow Beta on May 9th (less than one month ago) . Then we had a first round of private sale on May 20th, which sold out in less than 5 hours. I consider that a big achievement, because we started from scratch, without any partnerships, and without any endorsement from any well-known group. It is very hard to start that way! But our early-adopters saw the potential of the product and decided to invest with long-term thinking.
From : @Enaksusu8
What about the safety of the users using WalletNow? which steps did you take to secure the data from user?
Great question. The first and most important security measure is very simple: We never store any data which could be used to compromise your funds, in any format (not even on application logs). This means that even in the most catastrophic event (like all our data being stolen), this data would not put your funds at risk in any way. Besides that, we take privacy and security very seriously. Our team has more than 10 years of experience in handling critical enterprise-scale cloud infrastructure security, and all data is encrypted both in-transit and at-rest using 256-bit Advanced Encryption Standard (AES-256), which helps secure your data from unauthorized access to the underlying storage.
You can read more here: https://docs.walletnow.net/privacy-and-security.
From : @FebriPr59331123
What makes #WalletNow special and better than others?
Firstly, our extensive feature set, which was designed to make your life easier as a crypto investor. You can’t find anything similar today, to be honest.
Secondly, our focus on understanding the individual needs from the community and fine-tuning our solution based on those needs. This is our secret weapon to stay always ahead of the competition.
From : @Antonoke11
Can you explain your market community development efforts, what are your plans to go further, whether your token really guarantees users good rewards in the long run?
Our recipe is simple: We are building the best solution available on the market and spreading the word about it.
This part (spreading the word) takes longer for us since we are starting from scratch, but we already have some big partnership negotiations on-going. With a great product, and with more people knowing about it, we are certain that the demand for our service will increase. Once we launch our “membership plans”, some of the most advanced features will require holding $WNOW tokens, which should also drive the demand of the token, leading to a long-term sustained price increase.
Right now, all features are 100% free to use, and you can read more about the membership plans here: https://docs.walletnow.net/pricing
The idea of the WALLETNOW project is really unique and incredible, how did this idea come about?
Great question. We are investors ourselves, and we were always fascinated by the endless possibilities of DeFi. When Binance Smart Chain started to gain more traction and volume, we moved most of our investments to Binance (the exchange) and BSC. But we always felt we needed better tools to track our own investments. We wanted something that was easy to use, integrated with Telegram for convenience, and that could track both our DeFi and CeFi investments in one place. After testing several alternatives, we couldn’t find a single tool which satisfied our needs. Given the technical expertise of the team, we decided to build a solution ourselves and make it available as a product to help other investors.
Have you thought about continuing the second round of WalletNow sales? How can I participate in the purchase?
Yes, we have reserved 1 million tokens for private sales, and the first round was limited to 500K, which means we still have 50% for that purpose.
We are trying to come up with an IFO partnertship in a large farm as well. Can’t announce anything yet, but stay tuned on our Telegram.
During the 2020 I got scammed a few times, rugs, exit scams etc. how can we investors be sure that this will not be similar, are your contracts public & somewhere to be seen?
We are VERY different, because we don’t hold any funds… So there is nothing for us to “rug”. We offer a service that mmakes your life easier, and you pay for that service buying our tokens.
If we “rug”, we lose our revenue flow, so we don’t have any reason to do that.
What are the requirements to register at WALLETNOW? can we immediately operate all the features after just finished registering?
Great question. The requirement are:
1. There are no requirements — just open the website and start using it
If you want to use some more advanced features (such as Telegram integration), then all you need is to login with yout wallet, by signing a free and offline message:
Where can I buy your tokens right now what is your current contract and how can I buy them?
You can buy $WNOW on PancakeSwap
The token address is: 0x56aa0237244c67b9a854b4efe8479cca0b105289
► Website: https://walletnow.net/
► Telegram Group: https://t.me/WalletNow
► Twitter: https://twitter.com/WalletNow