Wombat: the most user-friendly solution for EOS onboarding
Are you looking for the best EOS wallet to store your coins safely and interact with applications built on EOS all at the same time? We just might have what you are looking for.
Let’s start with a quick EOS introduction. EOS was engineered by Dan Larimer, who developed an easy-to-use protocol based on Ethereum. The aim of EOS is to build a decentralized blockchain that can process fast and free transactions. Additionally, it will be possible to build smart contracts on top of it, which will allow developers to release their decentralised applications. The idea of how EOS is being it is for it to function just like an operating system, which will simplify its usability.
EOS started as an ERC20 token on the Ethereum Blockchain, but since its mainnet launch, it became a separate entity. Even if the ICO is still going, it has already raised an equivalent amount over $4 billion, making it one of the most successful ICO’s of all time. Once completed, the ICO will release 700 million tokens, which is 70% of the total supply. Not bad right?
The EOS blockchain allows users to create decentralized applications quickly and easily. Giving them the ability to create databases on the EOS network and open accounts at low fees, with fast transactions and lower risks. One of the main goals of EOS is to increase productivity in the development of blockchain technology, its scalability and mainstream adoption.
This is where Wombat comes in. At Wombat, we’ve decided to tackle the needs of our users and try to solve them to the best of our capacities by offering a simplified blockchain onboarding experience.
What solution does Wombat bring to EOS that other wallets do not have
- An EOS account and wallet, all in one at your fingertips. Yes, you read that right, opening an EOS account with most platforms is still quite a challenge that even Blockchain native can agree on. But not with Wombat. You’ll simply need to have an email address to create your EOS Wombat account and open your wallet. Simple right?!
- Wombat is free. We provide every user with a fully-fledged EOS account and with staked resources for free. So you can basically use every app without paying anything. Users who want more control of their account (e.g. exporting the private key) or users who need more resources have the option to sign up for a subscription model or to do a one-time payment (to get the private key).
- Every new user receives staked resources. Why is this important? Well, because our application isn’t only a wallet but it is a decentralised applications browser . Meaning, that you can access EOS applications through Wombat and with the staked resources you’ll be able to interact with these applications directly. An in-app experience for free to discover in a stress-free manner what the EOS ecosystem has to offer. Talk about an easy onboarding process, right?
- Control of private key. The private key is stored on the user’s device, therefore, export and recovery are possible soon, and Wombat (the app) does, Wombat (the team) doesn’t have no access to it. All users will have the same backup solutions available, regardless of which platform they are using. We just started with Google Drive, which is why it is currently the only option.
In a couple of weeks, users will have the option to export that private key in order to have full control, and take that pair to any other wallet or decentralised application that they wish to use. Everything the user has done before with that key will be there no matter where the user goes. However, to get that key a small fee will be charged. WHY? Because Wombat team buys the RAM for the users. If they’d just give out they keys for free, users could sell their RAM and make a profit. The idea isn’t to incentivise such behaviour.
- UX and quality curation. The decentralised application explorer is highly curated, which means that gambling or high-risk applications aren’t promoted nor visible in the explorer. #nobullshit
Many of the wallets already available have generally focused on one great feature to develop on, but then left the other needs of their users on the side. We, at Wombat, had in mind the users when building the application, but not only that, we thought of the developers behind many great blockchain applications who aren’t able to acquire users. The application has two audiences: users and developers.
In other words: Wombat combines browser, wallet, key management and payment functionalities for the Web 3.0 world and traditional browsing functionalities for the Web 2.0 world in one app.
Last but not least, we will be launching our web browser extension within the next few months and will be scaling to opening itself up to other blockchain platform, and dApp token listing will be available soon.
So don’t wait up, download Wombat on your Android (sorry Apple fans, you’ll be catered to in a few weeks!) and let us know how you found the experience that was built for you.