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Wallet Specs

How do make your wallet fool proof?

Better team, Smarter, Safer Wallet.

Architecture

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Requirements

Value Proposition

  • Develop a user-friendly, secure, and feature-rich web3 wallet that allows users to easily store, manage, and transact with their cryptocurrencies and digital assets
  • Differentiate through an intuitive interface, robust security, cross-chain compatibility, and integration with popular DeFi protocols and dApps

Persuasion

Target Market

  • Crypto enthusiasts, traders, and investors looking for a reliable and versatile web3 wallet
  • Mainstream users new to crypto who need an accessible entry point to the web3 ecosystem
  • Developers and projects seeking a wallet solution to integrate with their dApps

Revenue Model

  • Freemium model with a free basic wallet and premium features for a subscription fee
  • Earn transaction fees on swaps, fiat on-ramps, and other wallet transactions
  • Monetize through partnerships, affiliate deals, and promoting selected tokens/NFTs

Go-to-Market Strategy

  • Launch wallet with support for major chains like Ethereum, Polygon, BNB Chain, etc.
  • Acquire users through content marketing, social media, community building, and referral programs
  • Partner with key dApps, DeFi protocols, and chains for integrations and joint promotions
  • Continuous improvement of UX and addition of new features based on user feedback

Financials (5-year projections)

  • Total expenses: $10M (50% development, 30% marketing, 20% ops)
  • Revenue: $50M ($20M subscriptions, $20M fees, $10M partnerships)
  • Net profit: $40M
  • User growth: 100K in Y1 to 5M by Y5

Wallet Specs

Data driven signal and execution of optimum route to match fulfilment of intent

  • Abstract underlying chains and protocols from the user/agents intents.
  • Non-custodial wallets in TEE
  • Must be simple to setup
  • Intents and Interop
  • Keys stored across a network of trusted connections for protection
  • Support any chain and protocol where expectations and outcomes are provably aligned

Key Features

  • Create/import wallet with seed phrase
  • Token and NFT dashboard
  • Send/receive tokens and NFTs
  • Transaction history and notifications
  • Contact book and ENS support
  • Swap tokens via DEX aggregators
  • Fiat on-ramp and off-ramp
  • Staking and DeFi integrations
  • WalletConnect and dApp browser
  • Biometric and 2FA security

Security

  • Secure key storage using encryption
  • Biometric and 2FA authentication
  • Code audits and penetration testing
  • Bug bounty program
  • User security education