7 Things to Know Before You Buy DiveWallet

DiveWallet, a mobile, cross-chain, and all-inclusive digital wallet for your cryptocurrencies, is developed to primarily ensure the security of your assets and keep your funds safe from the malicious attacks of opportunistic individuals.

The wallet itself is still in the early stages of its launch, but there are several things that you might want to know if you’re going to invest in a more secure option for your crypto ventures.

1. Launch performed in three phases. Public launch to follow shortly 

The sale of the tokens being offered by DiveWallet is divided into three individual phases that would give equitable opportunities to interested investors to purchase cryptocurrencies at different time points – all of which will, of course, have certain perks depending on the phase when you were able to buy the tokens, or how early you were able to participate in the release of the wallet’s token or currency.

As of this writing, the private sale has already been completed as it was commenced during the early weeks of 2022’s 1st quarter, but fret not as the token’s presale and public launch are about to begin in the 2nd quarter of 2022. The presale will be on the PinkSale launchpad on March 5th, 2022, at 11 PM UTC/3 PM/6 PM EST.

2. Comes with a native token ($DWT) that ultimately provides a passive income through reflections

DiveWallet comes with its native token or currency ($DWT), widely recognized as a “reflection token” in the crypto community. Reflection tokens are currencies that reward their holders by taxing each transaction and distributing a percentage of the tax to the holder pool.

In the case of $DWT, each transaction is charged by a 15% tax, while 13% of the tax collected is distributed to the holders in BUSD as an incentive – a token (BUSD) that is secure and comparable to US dollars in value.

To further the concept of passive income generation through transactions, DiveWallet also offers reflections through its ad revenues and its token buyback and burn mechanisms.

For a quick reference, ad revenue essentially describes what its name implies. Meanwhile, a buyback refers to the process by which the company purchases a particular chunk of the tokens in circulation among the holders to stimulate the market and regulate the market prices. Token burns are similar in purpose to a buyback, but it essentially “erases” the repurchased or reacquired currencies – changing the demand and supply dynamics of the market to stabilize the price of the tokens effectively.

While both of these processes mainly benefit the developers as these are standard practices to regulate the volatility of a particular cryptocurrency, the 10% reflections or incentives returned to the holder pool for the ad revenues, token buyback, and token burns extend the benefit of these measures. It basically evolves from a simple stability measure to a simultaneous income-generating means for the users. And mind you, this is on top of the 13% reflections from each transaction performed.

Essentially, with DiveWallet, your purchases are a way to earn an income passively, making it more efficient from a macro perspective.

3. Comes with initial core and pro features separated by the acquisition of 500 million $DWT 

Although DiveWallet puts forward several benefits and attractive features to many investors, the elements are separated between the initial core features and those obtained when the user receives a “pro” qualification – one that requires the acquisition of 500 million tokens ($DWT).

It is not necessarily a bad thing, particularly if you are planning to invest in its currency heavily, but it might deter new and unfamiliar users of the currency from beginning an investment. After all, some might not be aware that 500 million $DWT would only amount to around a dollar (roughly $0.35) in monetary value.

4. NEW secure cross-chain mobile wallet against web3 dApps and scams

Cryptocurrencies have been known to be prone to web3 dApps and scams – essentially known as web3 decentralized systems.  

While these systems can eliminate the necessity of a gatekeeper that would have to monitor the system for any unusual or undesired activities, web3 dApps are prone to a forefront attack due to the lack of the supposed “benefit” that it puts forward in the first place.

DiveWallet attempts to remedy this problem by providing notifications when connected to a web3 address and options that could allow the user to disconnect from dApps with a simple click of a button (as a pro feature).

And these are all generated mainly due to DiveWallet being based on the needs of the past; an innovation, you may say.

5. Automatic complete web3 disconnection after a certain period

Concerning the previous point, an automatic web3 dApp disconnection is likewise offered by DiveWallet to ensure that your currencies are not consistently exposed to a decentralized system that opportunistic users could constantly attack.

It is indeed highly beneficial, especially for those exploring several platforms that could sometimes be left connected unknowingly. In hindsight, though, the 500 million $DWT requirement or restriction for a pro feature like this might seem counterintuitive on some level if not for its baseline notification system.

It encourages users to purchase a dollar’s worth of tokens first, sure, but it would ultimately raise the question of, “why bother restricting the feature in the first place?”

6. Offers live protection against dusting attacks

A dusting attack is comparable to a phishing attack where the wallet’s identity is revealed by sending out a small amount (number?) of cryptocurrencies or “dust” to several random addresses.

This technique will allow the sender to obtain and analyze details regarding an active wallet that removes the “dust.” Following that, they could then associate the address with their respective owners – ultimately providing them with sufficient data to access the wallet and its respective contents.

DiveWallet can block these methods by providing real-time alerts even with these minuscule transactions – making your wallet more secure from such an often-missed attack approach.

7. Fairness in presale and private sale through equity in purchasing opportunities 

To get a more precise idea of how the tokens will be distributed during the three stages of DiveWallet’s release, it is essential to understand that the initial token supply that DiveWallet has declared is one quadrillion.

Now, the early investors or those who were able to obtain tokens in the wallet’s private sale were able to share 10% of the initial token allocation, making it still reasonable since there were only a selected few who could participate at this stage. For the presale, a heaping 29% of the initial token allocation will be made available, with those who could obtain a whitelisted presale slot being able to purchase the maximum amount of token possible.

A Solid Trajectory

DiveWallet is an innovative cryptocurrency mobile, all-inclusive cross-chain wallet that emphasizes the safety concerns of many crypto investors that have been left unheard in the past decade.

While it certainly does come with a few inconveniences, particularly for new investors in the cryptocurrency community, it does make up for it with the comprehensive features that highlight the benefits of mobile wallets and supplements the shortcomings of a digital venture.

Overall, there might be more to come as the project continues its development, but as of now, it is a solid contender for those who are willing to invest.