Ad Hoc XDEFI, TWT, COIN98

CEX/FinTechDeFi $XDEFI$TWT$C98 Hot Wallet

XDEFI

Summary

TL;DR XDEFI is better in UI than MetaMask because of its simplicity and one page to display all the assets owned. Functionality-wise XDEFI wins over MetaMask as there is a menu where users could see all cross-chain assets owned while still able to add custom contract addresses.
Further implementation needed for dApps to integrate with XDEFI instead of only MetaMask.

Qualitative

XDEFI is a self-custodial multichain wallet leveraging browser extension.
Built for NFT: customizable grid for owned displayable NFT assets.
Has a feature called Max Gas that enables users to get into the next block 99% of the time for transacting.
Connected Blockchains: Terra, Thorchain, Ethereum, Polygon, Bitcoin, Binance Smart Chain, Binance, Litecoin, and Bitcoin Cash.
Downside is Layer 2 such as Arbritrum could not yet be integrated with XDEFI.
UI is better than metamask, users could see balances without switching networks.

Fast and affordable swaps available in-wallet..
Brief Roadmap: Avalanche (Q1 2022), Solana (Q1 2022), and mobile app (Q1 2022).
Token ($XDEFI) usage includes Staking, Governance, Play to (L)earn, and Building.
Users are incentivized to learn about DeFi and discover necessary tools from P2L.
Investors: Mechanism Capital, Delphi Digital, DeFiance Capital, Morningstar Ventures, Animoca Brands, Alameda, CoinGecko, SINO Global Capital.
Team (haven’t been properly publicized): Émile (CEO) – extensive experience in the traditional financial industry and David (CTO).

Quantitative

Total Supply: 240 million
Public sale price: $0.65
Initial Supply: 40.2 million
Token Distribution: Ecosystem Fund (30%), Early Investors (28%), Play to (L)earn (16%), XDEFI Wallet Team (15%), Public Sale (9%), Advisors (2%).

TWT

Summary

TL;DR Trust Wallet is a self-custodial wallet in mobile phones owned by Binance, it is not available as a browser extension. Compared to MetaMask, TWT has a staking option in-wallet and users could buy tokens directly from the wallet instead of through DEX.
Note: most dApps on the BSC have integrated with Trust Wallet.

Qualitative

Self custodial wallet used by Binance Smart Chain/Binance Chain
Platform unique features are designed to be on mobile phones, buy several cryptocurrencies using credit card, token swap, and has a browser for dApps.
As of January 2022, enables users to earn 11% APR of BNB and several other supported tokens through staking.
Has support for displaying NFTs in Ethereum Chain or BSC.

Important Notice: had an error during Q2 2021 when Safemoon was hyped, the balances are way off than what users own and unable to be used with cold wallets such as Ledger/Trezor.
The whole project is acquired by Binance.
Trust Wallet is a part of the Trust Ecosystem: Trust Browser, Trust Wallet, Collectable Marketplace, Decentralized dApp Marketplace, Trust ID, Trust SDK, and Trust API.
To unite the ecosystem, a universal operating token is used called TWT. Its use cases include governance, discounts when holding for a period, staking and liquidity pools.
However, users do not have a great incentive to buy the token since most fees are also paid through the blockchain’s native token.
Trust Wallet partnered with Utrust to simplify digital payments from traditional finance to decentralized finance.
Team: Viktor Radchenko (Co-Founder and CEO) – several years of experience in consulting and economics and Maxim Rasputin (Co-Founder) – made an Android application for the Trucker path.

Quantitative

Total Supply: capped at 1 billion
Circulating Supply: roughly ¼ of the total supply
Token distribution: Users acquisition (40%), developers (15%), TWT community (15%), reserve stores (30%).

COIN98

Summary

TL;DR COIN98 is an all-in-one platform that offers swap, stake, borrow, lend, earn, and invest. To facilitate the platform, COIN98 leverages a multi-chain wallet that allows users to transact in every blockchain without the need of exiting a specific blockchain. Compared to MetaMask, COIN98 is an ecosystem of itself (Launchpad, Markets, Terminal, Lend & Borrow, Megafarm, NFT Marketplace, Staking, Derivatives, and farming market) and the wallet unites all of the components.

Qualitative

The wallet is a multi-chain that provides an “always-connected” state supporting numerous blockchain without entering and exiting networks.
Not only connection between multiple blockchain, but also COIN98’s wallet has the ability to connect with Layer 2 scaling solutions.
Users could also swap tokens across numerous integrated DEX, without opening the DEX website and entering the token, seamlessly through the wallet.
The wallet itself when expanded in a browser tab has the historical data view of the portfolio and an Ethereum gas fee tracker.

The wallet has a reward system – X-Point. Users could earn by doing certain tasks or referral codes and exchange them for COIN98 tokens.
COIN98 token is used for transaction fees in the platform, product development, staking incentives, governance, and unique membership rights..
Investors: Saber, Elrond, Band Protocol, WalletConnect, Harmony, Mercurial Finance, Heco, Persistence, Fantom, Avalaunch, Standard, Chromia, and PolkaFoundry.
Team: Le Tanh (CEO) – experience as advisor for crypto projects

Quantitative

The wallet is downloaded 500,000+ times with more than 400,000 users.
To date, more than 2 million transactions were through the wallet with more than 200 million volumes.
The wallet currently supports 26 blockchain.
Tokenomics:

Total Supply: 1,000,000,000
Circulating Supply: 185,000,000
Token Distribution: Ecosystem Growth (25%), Team (20%), Community Dev (20%), Strategic (10%), Foundation Reserves (10%), Liquidity (8%), Seed (5%), and Advisor (2%).