What is Lead Wallet (LEAD) | What is Lead Wallet token

Lead Wallet is described to be a decentralized multi-crypto wallet application designed for DeFi access and other crypto-related use cases. Lead claims to allow users to securely store their crypto assets and can be used for transactions on a P2P level without any third party intermediaries. Lead Wallet supports multiple cryptocurrencies such as BTC, ETH, DOT, the majority of ERC-20 tokens (including LINK, YFI, and major stablecoins), and 100 more cryptocurrencies.

app wallet preview

With the stated model, Lead will be a platform that will be accessible to users worldwide via Apple and Android devices. This will enable users of Lead Wallet to store their cryptocurrencies while they control their private keys, exchange/swap, pay with cryptocurrencies for hundreds of utility bills without the need for fiat conversion. In order to actualize Lead’s vision, it starts with creating a secure bank-grade crypto wallet infrastructure that will host and accommodate multiple blockchain systems with the ability to store, spend, stake, send, receive, exchange/swap cryptocurrencies at any time. The wallet users and client’s will remain in complete control of their assets, because only them control the private key and passphrase for their crypto assets allowing them to decide how they spend or use their funds. The Lead software and integrated APIs provide our users and clients the option to manage private keys safely and set various parameters and procedures to help eradicate all points of failure or external duplicates of their keys. Unlike traditional banks and many cryptocurrency wallets, Lead does not hold custody of users’ funds. This means that users have full control over their accounts and funds at all times.

Lead Wallet — The Appreciation Of DeFi And Gateway To Your Crypto Activities

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The rise of DeFi (Decentralized Finance) has opened everybody’s eyes in the crypto industry. Different from the previous years where most people did their transactions on centralized exchanges, this year is the year where many traders have been trading directly within DeFi protocols and Decentralized Exchanges. DeFi has fulfilled the vision of blockchain itself, a trustless environment where everybody can transact with each other without having to trust the counterparty.

While some people are still skeptical of the sustainability of DeFi, at least it’s still nice to see the likes of Uniswap and other AMM DEX-es (Automated Market Maker Decentralized Exchanges) become mainstream. We at Lead Wallet believe that decentralization is the future of finance as well as crypto transactions. We believe that market trends might come and go but we also believe the fundamentals of DeFi are here to stay.

DeFi Access Within Lead Wallet

For the above reason, Lead Wallet appreciates the contribution of the current DeFi protocols to the crypto space. With Lead Wallet app, you are going to get straightforward access to your favorite DeFi protocols. Through our DeFi Access, you will be able to interact directly with the smart contracts of the popular DeFi protocols without the need to leave our application. Everything will be simplified and executed directly inside one same app. This DeFi Access will be continuously improved.

We will start with having a DApp browser before we evolve it to a more direct integration of these DeFi protocols’ smart contracts into our application. Of course, our DeFi Access will allow you to verify all smart contracts with the existing blockchain explorers. Just like what blockchain people say, “don’t trust, verify”.

We won’t stop there. In the future version of our app, our users will be able to interact with a much larger DApp environment, including blockchain games, NFT marketplaces, and others. We want to be the best and the simplest gateway to your cryptocurrency activities. We at Lead Wallet team feel very excited with the public launch of our beta application this month. Soon, you will be able to test our application and decide for yourself how good our application is.

The Future Is Bright

The future of LEAD Wallet is bright. We have been adapting to the market trends and we have been listening to our community members. Lead Wallet is not designed to be a standard wallet ecosystem where you can spend/send/receive cryptocurrencies. It is designed to be much more than that. It is designed to cover all kinds of audience in the crypto space without the need to overcomplicate the steps. We always believe that the key to crypto adoption is simplicity.

Adoptions in technology have always been about the simplicity of the gateways. When someone new is curious about one particular technology, his/her first impression will decide whether he/she is going to keep learning about that technology or not. In the crypto industry, we believe Lead Wallet can become one of these first gateways to help users learn everything the crypto world has to offer without much learning curve.

Our vision of Lead Wallet has always been consistent. We want everybody to be able to spend/receive/stake various crypto tokens within just 2–3 steps. We want everybody to be able to interact with DeFi protocols within just 2–3 buttons.

We don’t want users to feel that crypto interactions are too complicated to understand. More importantly, these actions inside the Lead Wallet ecosystem will be executed directly on the blockchains. We believe the best possible way to make people trust and use Lead Wallet is to embrace the trustless ecosystem itself.

HOW IT WORKS

To enjoy all the products and services offered by Lead Wallet, as an iOS or Android user, all you need to do is to head over to the Android play store or iOS app store to download Lead Wallet. It takes less than a minute to set up your Lead wallet account to start benefiting from Lead wallet services.

WHY LEAD?

We are not trying to reinvent the wheel. We are not trying to create a new blockchain ecosystem that nobody would use. We understand the biggest problem with cryptocurrency adoption is the lack of user-friendly and beautifully-designed applications. Cryptocurrency wallets are the gateway to adoption as they are the first application that newcomers often interact with before they start interacting with other kinds of apps. We are trying to be the leader of that adoption.

visual example of ecosystem

LEARN ABOUT LEAD TOKEN

LEAD Token is an ERC-20 token that fuels the products and services that are delivered on Lead Wallet. With this, LEAD token is basically the heart of the Lead Wallet app. LEAD token is designed from the ground up to have natural demand as the services of Lead Wallet themselves get more popular.

WHY LEAD TOKEN?

Lead Token is the native currency that fuels the products and services that are delivered on Lead Wallet ecosystem. Thereby making Lead token a utility token as it will be needed to access some major service areas of the wallet platform.

The Lead Token is minted on the Ethereum VM as an ERC20 standard token. There will only be a total of one billion Lead Token supply to ever exist.

The Lead Wallet revenue is generated from nearly all products and services offered via the Lead Wallet application. It is designed with a deflationary monetary system whereby 30% of Lead Wallet quarterly profits are used to purchase LEAD from the exchanges and are permanently burnt out of circulation.

Lead Wallet revenue will be generated from all the products and services offered via the Lead Wallet application, and we provide a quarterly audit to ensure transparency. Every Quarter, Lead team will conduct an audit of all the earnings from Lead Wallet, after which 30% of the total net profit will be used to buy back a portion of the Lead token, which will be permanently burnt. This process will continue until only 30% of the total LEAD supply is left.

LEAD TOKEN FEATURES AND USE CASES:

Up to 20% discount on purchases when you make payment with LEAD.
Up to 180% early access APY stake rewards when you stake LEAD on Lead Wallet.
Lead can be used as fees for several wallet transactions.
Deflationary Monetary Supply. 30% of Lead Wallet’s quarterly profit will be used to buyback and burn LEAD token until only 30% of the total supply is left.
It can be used to trade digital gift cards and also to pay for several Lead Wallet services at a discounted rate.

30% PROFIT SHARE

40% STAKE REWARD

100% LIQUIDITY

TOKEN DISTRIBUTION

The team only gets 15% of the total token distribution as we do not want this project to enrich the select few. We believe that the community deserves to get the most out of our project. Please take a look at the chart below to see how we are going to distribute the tokens:

token distribution pie chart presale 300,000,000 token (unlocked)