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Summary
- GeroWallet (GERO) is an app that is powered by decentralised finance (DeFi) application that gives its users the ability to buy easily, swap or send any cryptocurrency.
- The DeFi users can often switch between Cardano, Ethereum Polkadot and Solana seamlessly due to GeroWallet’s features.
- GeroWallet was formed by Shawn Roller & Panos Chiras.
GeroWallet (GERO) is an app powered by a decentralised finance (DeFi) application that gives its users the ability to buy, swap, or send any cryptocurrency. Formed by Shawn Roller & Panos Chiras, GeroWallet is designed as per users’ needs with a unique and state-of-the art UX software. Based on Cardano’s DEX, the GeroWallet users can purchase their tokens using CardSwap and participate in trades and staking options. GeroWallet works on the proof-of-stake model, and GeroWallets’ efficient transaction speed and cheaper fees have attracted many users. Being a decentralised platform, the users can benefit from staking and swapping services seamlessly. Besides, the users have other benefits, such as reward points, access to premium services and various features.
With Cardano looking to launch its mainnet in September 2021, which allows the use of smart contracts and DeFi applications, GeroWallet aims to cash-in by providing them access to its new features.
What makes GeroWallet so unique?
DeFi users often find switching from one blockchain app to another a tedious task. There are several challenges like transaction fees, lack/inconsistent price tracking tools and poor user experience.
GeroWallet has been explicitly designed to ease those challenges and operate smoothly. With it, users can track, trade, interact seamlessly without worrying about the compatibility of the principal medium, reducing the time taken for it. It will also ensure that the backend doesn’t get duplicated as it will essentially create new services from the existing ones. Besides, its regulatory and compliance adds to financial security as well.
GeroWallet token (GERO)
GeroWallet is listed by its token name GERO on CoinMarketCap, enabling users to utilise its function easily. According to CoinMarketCap, GERO is trading at $0.328 with a 24-hour trading volume of $44,26,968. At the time of writing (10:00 AM), GeroWallet was up by 64.67% in the last 24 hours. GERO’s maximum supply of 50,00,00,000 GERO coins. GERO is ranked at 2656 on CoinMarketCap.
Is GeroWallet a good investment for you?
GeroWallet has been spiking off late both in terms of volume and price. Currently, on CoinMarketCap, it is trading at $0.3262 from a previous price change of $0.126 – up by 63.18%, while the volume was up by a staggering 470.37% at $4,426,967.75. It has a fully diluted market cap of $164,124,848.56.
On Twitter, the GeroWallet announced that it would develop its Beta version of the wallet on 11 August 2021. It’s too early to predict whether GeroWallet will be an excellent investment option, but it surely is making some serious waves in the crypto investment market. If it continues its current momentum, it could soon become one of the crypto newbies to make a significant mark in the cryptocurrency market.
