The cryptocurrency market faces the issue of high fees when using wallets. Cold Wallet, by offering cashback for every action, creates a new approach that is attracting investor attention.
The Fee Problem in Cryptocurrencies
Most cryptocurrency wallets charge fees for transfers, swaps, and exiting to fiat. Users typically view this as a necessary expense when dealing with cryptocurrencies. Cold Wallet challenges this norm by allowing users to receive cashback for every action.
Cold Wallet's Cashback Model
Cold Wallet rewards users with CWT tokens for every action taken with the wallet. There are four reward tiers — Bronze, Silver, Gold, and Diamond. Depending on the tier, users can earn up to 100% refund on gas fees and 50% cashback on swaps. The system aims for simplicity and transparency, allowing users to manage their tokens without the need for staking or DeFi contracts.
The Ecosystem and Advantages of the Project
Cold Wallet is also expanding its ecosystem through referral programs, allowing users to earn rewards for bringing in new participants. The project has already raised over $5.6 million and acquired over 2 million active users through the purchase of Plus Wallet. This creates a stable base for increased transaction volume and active usage of the wallet.
Cold Wallet represents a significant step forward in the world of cryptocurrency wallets, offering users a cashback system that enhances their experience and potentially increases the capitalization of their assets. In a highly competitive market, Cold Wallet’s innovative approach distinguishes it from other projects.
