DEN Wallet (DEN)

What is DEN Wallet

The current issue with blockchain is the barrier to entry: speed, ease of use and general knowledge. The cryptocurrency market shot to media attention through the incredible investment returns received in 2017. Blockchain tools are on the path to increase the access points and ease of use to remove the barrier to entry, at the forefront of this challenge is DEN; making blockchain simple for all users. The Cryptocurrency industry has been placed into an industry based upon investment, whereby the utility of many cryptos has yet to be harnessed. An industry based upon investment and thus speculation is crippling for the future of Blockchain. The DEN DAPP Store aims to create a paradigm shift toward greater utility with the ability to have a financial wallet readily able to be used on relevant and popular DAPPs and DEXs on the Ethereum Network.

The Idea

The conception of DEN Wallet started with the identification of basic need of the crypto market. It must be understood that the cryptocurrency market and the ensuing Blockchain technology is very much in its infancy. As a result, the optimization and development quality has yet to breach the point of mass adoption. Impediments begin at the investor and consumer level as an interaction point. Ethereum co-founder Joseph Lubin stated that investment in cryptocurrencies is “90% speculative.” With the correlation between investment and consumption being so distant this creates market volatility to a point that cripples the goal of mass adoption. The lack of utility and consumption surrounds the tools in the industry; specifically Wallets.

The DEN DAPP Store aims to create a bridge between investment and utility on the Decentralized Web. DAPPs and DEXs are undervalued, underutilized and under-promoted by the tools that should aim to facilitate their growth. The DEN DAPP Store coupled with web3 injection aims to facilitate the utility industry is desperate for. Creating a simple tool that ensures a multitude of users the ease to explore the Decentralized Web, by cross-promoting DAPPs and DEXs within our store.

The DEN Wallet aims to break barriers between cryptocurrencies and fiat by both creating seamless adoption and optimization of the money system. Wyre will enable US customers to fund their wallets via their bank account. We will continue to expand the bridging of the gap between Fiat and Cryptocurrencies further.

Banks remain the constant intermediary that control the monetary system that we currently live in. A monetary system fraught with efficiency bottlenecks, transaction lag, fraud and operation risks. The role of a cryptocurrency wallet is aimed at managing the user’s digital assets but the underlying technology of the wallet is to disrupt the current banking system by removing intermediaries, increasing efficiency and empowering users to have control over the security of their holdings.

The DEN Wallet and DAPP Store will be at the forefront of defining and utilizing Decentralization by providing the ability for the regular individual to seamlessly translate from an investor to a user and thus to a believer.