What Is Gerowallet? (GERO) Complete Guide Review About Gerowallet.

What Is Gerowallet? (GERO) Complete Guide Review About Gerowallet.

What Is Gerowallet?

Gerowallet Coin is an all-in-one DeFi app designed to be a powerful instrument for experienced and new users, alike. GeroWallet delivers a redefined UX by focusing on a user-centric design. The product features a built-in multi-functional toolkit that boasts inter-chain and cross-chain swapping, with liquidity lock features.

Wallet capabilities will expand with staking, swapping, and fiat on/off-ramp functions. Complementing this kit, the $GERO token will be implemented as a medium for all in-wallet transaction fees.

Gerowallet Coin Storage Key Points

Coin BasicInformation
Coin NameGerowallet Coin
Short NameGERO
Circulating Supply500,000,000
Total Supply
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How it Work?

Gero provides a multitude of integrations and then chains these integrations on
the back-end. To ensure superior functionality. Let us demonstrate this with a couple of
simple examples.

BUYING/TRADING NATIVE CARDANO TOKENS WITH FIAT.

  • integration with a fiat ramp for buying/ selling native ADA.
  • integration with a Cardano DEX like CardSwap for swapping native tokens.
  • Chaining of A with B under the hood, provides a seamless UI for the user to purchase Cardano
    tokens directly with fiat.

Deposit Your Flat For Interest.

  • integration with a fiat ramp for buying/selling native ADA.
  • integration with CardSwap for swapping ADA to stablecoins on Cardano.
  • integration with an interest rate protocol similar to AAVE on Cardano to deposit stablecoins for yield.

Security

Gerowallet Coin Safety is the number one priority. As a non-custodial wallet, only you have access to your account and data.

Accessibility

At GeroWallet, they building a platform that accommodates the needs of new users and experts alike.

Innovation

Gerowallet not stopping here. GeroWallet will become a one-stop-shop for everyone’s financial needs. As Cardano grows, we’ll be evolving with it.

Problem Statement

The adoption of blockchain introduced Web3 wallets and other DeFi products that provide alternative solutions to the current financial system. However, the steep learning curve results in a high barrier to entry— preventing a considerable amount of people from leveraging DeFi products. This is because users need to learn how to create a wallet, transfer crypto and assets between wallets, stake and swap assets—while using different applications.

Proposed Solution

Gerowallet gap in DeFi starts with the interface they use and that is where GeroWallet’s true power lies. GeroWallet will bridge this gap by providing essential DeFi tools for new and experienced users—with a user-focused, feature-packed, secure, and easyto-use interface.

In the short term, they designed to be a user experience focused, light wallet based on Cardano that supports frictionless decentralized applications (dApp) integration and intuitive cross-chain swapping. Gero’s light wallet will feature seamless UI and the ability to send, stake, and swap tokens.

Tokenomics

$GERO total token supply will be 500M.

Initial circulating market cap is estimated at $700,000 and $300,000 of value will be
locked into liquidity at launch.

  1. Private sale makes up 36% of total tokens, vested for 12 months
  2. IDO, makes up 7% of the total token supply and is unlocked at launch.
  3. Advisors make up 3% of total tokens, vested over 12 months.
  4. Liquidity is made up of 4% of total tokens and unlocked at launch
  5. Team and developers receive 20% of total token supply vested over 24 months.
  6. Ecosystem and community rewards have 30% of total token supply, ideally vested
    over 54 months.

Mission And Vision

The Gerowallet Coin mission is to create the ultimate Cardano wallet that boasts interchain and multi-chain compatibility—while providing a superior user experience through an intuitive UI. They envision a wallet that empowers individuals to access Decentralized Finance (DeFi) technology and a “swiss army knife” of features. By integrating with sister protocols and additional decentralized applications, they will efficiently and reliably unlock the power of the Cardano network.