Imagine buying, selling, and trading digital assets, exploring decentralized apps (DApps), and connecting with friends while managing your very own node. With AmazeWallet, all of this is not only possible but also user-friendly and secure.
Supporting over 60 blockchains, AmazeWallet provides industry-grade encryption to keep your digital life safe. It sports a sleek interface, developed in Flutter, that makes it accessible to users on both iOS and Android. But the magic doesn’t stop there. This isn’t just a tool for users; it’s a rewarding ecosystem for community members and developers alike. This guide dives into the nitty-gritty of AmazeWallet — where technology meets convenience in the palm of your hand.
What is AmazeWallet?
AmazeWallet is an all-in-one crypto wallet that supports over 60 blockchains, including Ethereum, Bitcoin, and Avalanche. It is available on iOS and Android and serves as a versatile tool that merges various features into a single platform.
This digital wallet allows users to securely store and manage their digital assets, including cryptocurrencies and non-fungible tokens (NFTs). But it’s more than just a wallet — it also serves as a gateway to cryptocurrency exchanges, a marketplace for NFTs, an encrypted messaging platform, a browser for decentralized applications (DApps), and a news feed for all things crypto.
AmazeWallet powers the AmazeChain blockchain. It stands out for its ability to handle over a million transactions per second while maintaining top-notch security. Furthermore, users can contribute to the validation of transactions right from their mobile devices, earning AmazeToken (AMT) for their minimal resource contributions.
Matthew Peters, the marketing director of AmazeWallet, believes this new technology will unlock a new user experience,
“AmazeWallet has arrived at a significant juncture in the evolution of web3 technology. We have reached a level of application that unlocks enhanced end-user experiences in alignment with real-world expectations of mobile apps.”
And he believes that the team behind AmazeWallet is taking steps where no others are yet to go. Peters continues:
“At AmazeWallet, we are pioneering this evolution. Our smartwallet seamlessly integrates the best of web3, offering personalised features and new levels of access in one familiar mobile app. Mine tokens, engage in DeFi, trade, chat and play, do all the things we love and be rewarded. AmazeWallet really is a smarter way to engage in digital life.”
AmazeWallet team
A talented and diverse team of more than 75 professionals spread across the globe drives the AmazeWallet project, assisted by over 400 coding contributors. This team primarily consists of tech-savvy individuals, including marketers and developers with a solid understanding of web3 technologies.
Many team members have had previous experience working with top tech companies like Dell, Amazon, and Tencent, which positions them uniquely to create apps and software that users find enjoyable and easy to use.
The leading architect of AmazeChain, known as Jay, is a well-respected cybersecurity expert and was an early contributor to Bitcoin and Ethereum. However, in line with many individuals in the crypto space, he prefers to maintain his anonymity.
The team is highly active on social media platforms and open-source code-sharing sites, including Twitter, Discord, and GitHub.
AmazeWallet security
The Amazewallet team is committed to user security. It has implemented multiple protective measures, including full self-custody of private keys, advanced encryption methods, and multi-factor authentication.
Here’re the top security features of AmazeWallet:
- Self-custody of private keys. Users fully control their encrypted private keys, which are stored only on the user’s phone.
- Encrypted and separated data. AmazeWallet encrypts and isolates all app data, ensuring sensitive information remains secure from unauthorized access.
- Multi-factor authentication. Extra security layers include Google Authenticator, face ID, secure login, phone authentication, and email verification.
- Advanced data encryption. AmazeWallet uses encryption methods stronger than the common SHA256 and is resistant to quantum computing attacks.
- Zk-SNARKs for privacy. This cryptography technique is used for encrypting transactions, ensuring anonymity.
- Distributed validation mechanism. All transactions are verified quickly and efficiently using sharding, ensuring security and scalability.
As of June 2023, the AmazeWallet team is still developing the following security features:
- Multi-chain data storage. In the future, specific data will be stored across multiple chains for extra safety.
- Cold Wallet. The team is working on a feature to allow offline transactions for better security against remote attacks.
AmazeWallet features
AmazeWallet acts as a gateway to AmazeChain. The wallet provides various features designed to offer users comprehensive access to the world of web3.
At its core, AmazeWallet actively transforms the web3 space by providing users with a secure, accessible, and enjoyable tool for easy navigation.
Here’s a list of the most interesting features offered by AmazeWallet.
Mobile mining
This allows users to participate in blockchain activities directly from their phones. By staking the native AMT tokens, users can help validate transactions or “blocks” on the AmazeChain. This process, which uses minimal battery power, earns users rewards in the form of additional tokens.
Self-custodial, multi-chain wallet
Users can securely store and manage their digital assets across 60+ different blockchain networks. This also includes the ability to exchange or “swap” tokens from one form to another within the wallet.
Mobile marketplace for NFTs
This feature allows users to create or “mint” their own Non-Fungible Tokens (NFTs) directly from their phones. NFTs can take various forms, including audio and video files, and represent a form of digital ownership.
P2P messaging
AmazeWallet includes a secure messaging system that allows for private, fully encrypted chats between friends. The messaging is quantum-resistant. This means it has been designed to withstand potential future cryptographic threats posed by quantum computing.
In-app swaps via 1inch
From launch, users can utilize 1inch, a decentralized exchange aggregator, to find the best trade prices across various crypto exchanges without ever leaving the app.
In-app mini-games
For a bit of fun and relaxation, the AmazeWallet app includes popular mini-games like Snake and Tetris.
Crypto news updates
AmazeWallet allows you to stay informed about the latest happenings in the world of crypto. This feature brings news updates from leading sources directly to the app so that you won’t miss out on any important updates.
What is AmazeToken (AMT)?
AMT token is the native token of AmazeWallet. This is the cryptocurrency of the AmazeChain, which launched its mainnet on June 28, 2023.
Users rely on it for various functions such as purchasing and selling non-fungible tokens (NFTs), covering transaction costs (known as ‘gas fees’), rewards, and staking if they decide to run a node.
During the Token Generation Event (TGE), a maximum supply of 200 million AMT tokens was created.
AMT tokenomics
- Mining 50% (Commercial mining 17.15% + Community mining 32.85%)
- Foundation 28.13%
- Community pool (rewards) 5.63%
- Team 10% (locked 24 months)
- Enterprise buyers 6.25% (locked 24-36 months)
A total of 100,000,000 AMT tokens (50% of the maximum supply) must be mined. Users can mine AMT tokens through staking, a process that secures the blockchain network and validates all network transactions. These tokens will be used to support the utilities in the network infrastructure and ecosystem.
AmazeWallet users can mine tokens by becoming community miners (when they use mobile devices) or commercial miners (licenses must be purchased from the Amaze team). A preset number of AMT tokens can be mined each year. That number is halved every four years. The total minim period is 128 years.
The distribution of AMT tokens is directly tied to nodes in the network, meaning that the token issuance is tied to the number of transactions conducted on the AmazeChain network. AMT token is already listed on several crypto exchanges, such as Coinstore and BitMart, with more set to follow in the future.
After launching the AmazeChain mainnet, the team plans to launch a DAO and use AMT as a governance token. Token holders will be given control over future changes to the protocol and the ability to vote for updates.
To induce scarcity and reduce the AMT total supply, half of all AmazeChain transaction fees collected in AmazeToken (AMT) will be burned. The average cost per transaction is quite low, typically under $0.01. Remarkably, with just 100,000 nodes, the platform can handle over a million transactions per second.
What is AmazeChain?
AmazeChain is the blockchain network behind the AmazeWallet platform. It is designed to keep track of all activities within the AmazeWallet app, like buying and selling digital artwork or trading cryptocurrencies. It’s kind of like a high-tech ledger.
This particular blockchain – a ‘layer-1’ blockchain, is special because it uses the processing power of smartphones to handle transactions, check cryptographic proofs, and create new blocks in the chain (this is what the ‘mining feature’ in the app does).
AmazeChain is smart and adaptable, it can handle scripts written in common programming languages such as Java and C++, and it’s compatible with many protocols you might come across in the blockchain world, like UTXO, EVM, MOVE, and WASM.
AmazeChain transaction speed
What’s impressive about AmazeChain is its ability to handle a huge number of transactions very quickly (up to 300,000 per second under real-world conditions and even over a million per second under optimal conditions).
It achieves this impressive speed by using a layered architecture and parallel processing, which is like having many hands working on different parts of a task at the same time.
AmazeChain doesn’t use a lot of computational power, as is the case with some other blockchains. Instead, it relies on advanced cryptographic techniques and a specific type of proof known as ‘recursive zero-knowledge proofs’ for its operations. This allows ordinary smartphones to carry out calculations for millions of transactions quickly without causing the device to overheat or the battery to drain significantly.
The devices connected to the network, like your smartphone, act as nodes for verifying transactions. They earn transaction fees and rewards for their service, a process known as ‘mobile mining.’ The network considers a transaction valid when it receives a two-thirds vote in any given shard (a part of the network).
Even in case of large-scale disconnection issues, the system records the locally correct transactions and waits for final confirmation. This makes AmazeChain resilient and reliable.
AmazeWallet roadmap
Since 2017, the AmazeWallet team has been focusing on developing a user-friendly mobile app, aiming to bring blockchain technology to the $3 trillion mobile industry.
Here’s a simplified roadmap or plan for the future of the project:
- Payment Interface. They are developing a way for users to make payments directly within the app.
- Social Features. The team is working on adding ways for users to interact socially within the app.
- In-app Exchange. This will allow users to exchange or trade digital currencies directly inside the app.
- Developer SDK. Software Development Kit (SDK) is being designed to help developers create and integrate apps within the AmazeWallet ecosystem.
- ZK-based Digital ID. This is an advanced form of digital identity that uses zero-knowledge-proof technology, providing users with a secure and private way of proving their identity.
Finally, the team is planning to launch a Decentralized Autonomous Organization (DAO). This kind of organization is run by rules encoded as computer programs called smart contracts. The DAO will oversee the future development and implementation of these features.
How does AmazeWallet work?
1. Install AmazeWallet on your smartphone
After installing AmazeWallet on your device, you must create an account using your email address. That’s how you get access to the features offered by AmazeWallet.
2. Create your AmazeWallet
You need to generate a new crypto wallet to receive tokens and perform any actions.
Navigate to the “Wallet” tab and click on “Create wallet.”
Read and follow the instructions carefully. If you lose access to your device, you can recover your wallet only through your backup seed phrase. No one, not even the AmazeWallet team, has access to your seed phrase. Store your wallet’s seed phrase in a secure location.
3. Buy AMT tokens
After creating your wallet, you can buy AMT tokens directly through the app using Onramper. This fiat on-ramp platform allows you to buy cryptocurrency using your credit/debit card.
4. Stake and trade AMT tokens
You can use AmazeWallet, as you’d use any crypto wallet, to stake and trade digital currencies.
To stake AMT tokens and become a mobile node on the network, you will need AMT tokens. Check out this detailed guide on how to mine AMT tokens.
If you have specific questions about how to use the wallet, you can use the AI-powered chat. Here’s an example of how that works:
Why is AmazeWallet different from other wallets?
AmazeWallet is a revolutionary digital wallet. This is what sets AmazeWallet apart from other wallets:
- Multifunctionality. Unlike standard wallets that merely store and transfer assets, AmazeWallet enables you to buy, sell, trade digital assets, browse decentralized apps (DApps), and even connect with friends, all within the same platform.
- Mobile mining. AmazeWallet allows you to “mine” or validate transactions directly from your mobile phone, a feature that is rarely seen in wallets. This gives users the opportunity to earn rewards in AMT, the native token of AmazeWallet.
- Multi-chain support. It supports over 60 different blockchains, meaning you can manage a wide variety of digital assets in one place.
- Security. Security is at the forefront of AmazeWallet’s design, with industry-grade encryption to ensure your assets and data are secure. Moreover, you have full control over your private keys, which never leave your device.
- Ease of use. It has a slick and user-friendly interface, making blockchain interaction straightforward for anyone, regardless of their tech knowledge.
- Interactive features. With in-app mini-games, a marketplace for minting NFTs, and crypto news updates, AmazeWallet takes user engagement to a new level.
- Convenience. The AmazeWallet team built the platform using Flutter, ensuring compatibility with both iOS and Android devices. This way, you can manage your digital assets on the go.
By combining these features, AmazeWallet offers an all-in-one solution that goes beyond traditional digital wallets, making it a game-changer in the world of blockchain technology.
Be in control of your digital assets with AmazeWallet
AmazeWallet, together with AmazeChain, offers an all-in-one solution for managing, trading, and securing digital assets, with the potential to drive mass adoption of cryptocurrencies and blockchain technology.
The ability to engage in mobile mining, support for over 60 blockchains, state-of-the-art security measures, and user-friendly design makes it a standout choice in the crypto market.
The AmazeWallet team has carefully designed the platform with a highly intuitive interface and an impressive range of functionalities. Whether you are an experienced crypto enthusiast or a beginner in the blockchain world, AmazeWallet proves to be an excellent choice, offering an unparalleled level of control, flexibility, and security.
Frequently asked questions
What is AmazeWallet?
What is a Smart Wallet?
Where can I purchase AMT?
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