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Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99%

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Press Release: Pillar launches V2 of its multichain crypto wallet – the first to be governed by users. 

 

28th June 2021, London, United Kingdom – The second iteration of Pillar’s flagship crypto wallet is launching in a period of stellar growth for the wider cryptocurrency industry as crypto assets across the board see their valuations soar. In turn, crypto wallet providers like Pillar are attempting to keep pace with demand, as more and more investors, traders and crypto-enthusiasts search for secure and accessible storage for their newly-obtained assets. 

 

The V2 of Pillar’s multichain wallet – which for the first-time will be community governed – aims to provide a user-friendly and safe option for these crypto-enthusiasts, as well as an inexpensive alternative to the more mainstream and established options. Indeed, V2’s new features and services are tailored to crypto newbies and natives alike, including: 

 

  • Community DAO – Pillar (PLR) token holders govern the product roadmap, fund initiatives; manage the treasury of 100M PLR tokens; and get rewarded for their contributions.

 

  • Low fees and faster transaction speeds – users can connect to dApps available on side chains and Layer 2 networks and pay 99 percent lower fees compared to Ethereum. 

 

  • Cross-portfolio management – one wallet, one address, and one dashboard to manage crypto assets across networks for a unified multi-chain experience.

 

  • In-app Curated insights – wallet users can access industry news, trends and educational materials directly within the app (via Pillar Stories).

 

  • Decentralized and secure – smart contract-based wallets offer enhanced security and are recoverable 

 

Pillar’s founders are holding a webinar launch event called “Will DeFi Cross the Chasm?” on June 30th at 6pm CET to show attendees how the V2 multichain wallet can guide them on their crypto journeys. 

 

CEO of Pillar, Michael Messele says:

 

“Pillar aims to play a vital role in bringing DeFi to a mainstream audience with this release,” adding;

 

“The V2 launch brings together the expertise we’ve gained from building and scaling smart wallet solutions in the decentralized space over the past three years with exceptional UX/UI.”

 

CCO of Pillar, Aldin Ademović said, 

 

“Ethereum remains the industry leader for innovation and liquidity, and Pillar V2 will guide users there, but with more intent and purpose by educating them on the basic characteristics of EVM-compatible chains and the benefits of smart contract wallets.”

 

The updated WalletConnect feature will have automatic network switching to connect users to chains like xDAI, Binance Smart Chain, and Polygon.

 

“Pillar’s native SDK, Etherspot, powers the multichain aspect of the V2 smart wallet, making the entire experience seamless for users,” Ademović continued; 


“Plus developers can leverage the technology for broader adoption in the DeFi space.” 

 

Pillar Partner Ramp Network  makes in-app fiat purchases possible on EVM-chains, reducing purchase fees by 80 percent. Data-driven analytics will be provided by partner Novum Insights, a market intelligence company based in London.

 

Pillar’s webinar launch event, “Will DeFi Cross the Chasm?” takes place on June 30th at 6pm CET! Speakers include Pillar CEO Michael Messele and CCO Aldin Ademović, together with industry leaders and partners including AAVE’s Integration Lead, Mark Zeller, Polygon’s VP Growth, Arjun Kalsy and 1inch’s Co-Founder, Anton Bukov. 

 

Click here to register for the webinar.

 

About Pillar

Pillar is an open-source project and community-run crypto wallet that makes DeFi markets accessible, affordable, and easier to navigate. 

It’s the first multichain DeFi wallet to be governed by users: PLR token holders can join the community DAO and take part in product development, project roadmapping, partnerships, funding marketing initiatives, and more

Powered by its native Etherspot, Pillar’s crypto wallet caters to users of Ethereum and EVM-compatible chains, and puts community first by empowering users with information.

Pillar V2 launches today with many exciting new features and benefits and users are encouraged to download V2 and join our Discord community. Download Pillar for Android or iPhone today!

To learn more about how Pillar plans to create a seamless DeFi experience for users, and to sign up for the webinar, visit the website here.

 

Follow Pillar on Twitter

Read Pillar documentation on Github

Download Pillar’s app for iOS and Android here

 

Media Contact Details

Contact Name: AmaZix Press Team

Contact Email: press@amazix.com 

 

PILLAR is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99% appeared first on Bitcoin PR Buzz.

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Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99%

photo_2021-06-25_20-05-46console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Pillar launches V2 of its multichain crypto wallet – the first to be governed by users. 

 

28th June 2021, London, United Kingdom – The second iteration of Pillar’s flagship crypto wallet is launching in a period of stellar growth for the wider cryptocurrency industry as crypto assets across the board see their valuations soar. In turn, crypto wallet providers like Pillar are attempting to keep pace with demand, as more and more investors, traders and crypto-enthusiasts search for secure and accessible storage for their newly-obtained assets. 

 

The V2 of Pillar’s multichain wallet – which for the first-time will be community governed – aims to provide a user-friendly and safe option for these crypto-enthusiasts, as well as an inexpensive alternative to the more mainstream and established options. Indeed, V2’s new features and services are tailored to crypto newbies and natives alike, including: 

 

  • Community DAO – Pillar (PLR) token holders govern the product roadmap, fund initiatives; manage the treasury of 100M PLR tokens; and get rewarded for their contributions.

 

  • Low fees and faster transaction speeds – users can connect to dApps available on side chains and Layer 2 networks and pay 99 percent lower fees compared to Ethereum. 

 

  • Cross-portfolio management – one wallet, one address, and one dashboard to manage crypto assets across networks for a unified multi-chain experience.

 

  • In-app Curated insights – wallet users can access industry news, trends and educational materials directly within the app (via Pillar Stories).

 

  • Decentralized and secure – smart contract-based wallets offer enhanced security and are recoverable 

 

Pillar’s founders are holding a webinar launch event called “Will DeFi Cross the Chasm?” on June 30th at 6pm CET to show attendees how the V2 multichain wallet can guide them on their crypto journeys. 

 

CEO of Pillar, Michael Messele says:

 

“Pillar aims to play a vital role in bringing DeFi to a mainstream audience with this release,” adding;

 

“The V2 launch brings together the expertise we’ve gained from building and scaling smart wallet solutions in the decentralized space over the past three years with exceptional UX/UI.”

 

CCO of Pillar, Aldin Ademović said, 

 

“Ethereum remains the industry leader for innovation and liquidity, and Pillar V2 will guide users there, but with more intent and purpose by educating them on the basic characteristics of EVM-compatible chains and the benefits of smart contract wallets.”

 

The updated WalletConnect feature will have automatic network switching to connect users to chains like xDAI, Binance Smart Chain, and Polygon.

 

“Pillar’s native SDK, Etherspot, powers the multichain aspect of the V2 smart wallet, making the entire experience seamless for users,” Ademović continued; 


“Plus developers can leverage the technology for broader adoption in the DeFi space.” 

 

Pillar Partner Ramp Network  makes in-app fiat purchases possible on EVM-chains, reducing purchase fees by 80 percent. Data-driven analytics will be provided by partner Novum Insights, a market intelligence company based in London.

 

Pillar’s webinar launch event, “Will DeFi Cross the Chasm?” takes place on June 30th at 6pm CET! Speakers include Pillar CEO Michael Messele and CCO Aldin Ademović, together with industry leaders and partners including AAVE’s Integration Lead, Mark Zeller, Polygon’s VP Growth, Arjun Kalsy and 1inch’s Co-Founder, Anton Bukov. 

 

Click here to register for the webinar.

 

About Pillar

Pillar is an open-source project and community-run crypto wallet that makes DeFi markets accessible, affordable, and easier to navigate. 

It’s the first multichain DeFi wallet to be governed by users: PLR token holders can join the community DAO and take part in product development, project roadmapping, partnerships, funding marketing initiatives, and more

Powered by its native Etherspot, Pillar’s crypto wallet caters to users of Ethereum and EVM-compatible chains, and puts community first by empowering users with information.

Pillar V2 launches today with many exciting new features and benefits and users are encouraged to download V2 and join our Discord community. Download Pillar for Android or iPhone today!

To learn more about how Pillar plans to create a seamless DeFi experience for users, and to sign up for the webinar, visit the website here.

 

Follow Pillar on Twitter

Read Pillar documentation on Github

Download Pillar’s app for iOS and Android here

 

Media Contact Details

Contact Name: AmaZix Press Team

Contact Email: press@amazix.com 

 

PILLAR is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99% appeared first on Bitcoin PR Buzz.

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Source: thinkbitcoins

Dominant Trading Platforms Charge Traders up to 13 Times more than CPH Crypto 

CPHCrypto_Fees

Bitcoin Press Release: Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to use than the new Scandinavian exchange CPH Crypto.  

 

16th December 2020, Copenhagen, Denmark – Every swing trader, day trader and scalper in the crypto market knows the importance of trading fees and how those fees often make it extremely difficult to pursue trading strategies based on high-frequency trading. It’s commonly known among traders that cost simply kills profit. 

 

Lack of competition and transparency prevents traders to profit. The problem is simple: Up until now, the competition on fees in the crypto trading market has been virtually absent, and the dominant trading platforms have been able to charge exorbitant transaction fees and get away with opaque pricing structures, which has made it extremely difficult for customers to figure out what they are actually paying in total for the services they are using.  

 

The reason for the problem is immaturity in the crypto market. Going back twenty years, the traditional stock, bond and FX market was on the same stage of development as the crypto market is today, and similar to the crypto market, the traditional market was dominated by few very big players that were able to charge very high prices because of lack of competition and transparency.  

 

Immediate Disruption of Fee Structures 

“Eventually new players entered the market and started to disrupt the dominant players’ pricing models and drive down prices. And today, trading fees on traditional products are only fractions of the level we see in the current crypto market,”

 

says CEO Jan Andersen, CPH Crypto, who continues:

 

“Our team knows this because we have our roots in the old trading world. And our declared mission is to disrupt the dominant crypto players by offering our clients fees that are way below the fees of these players. The history evidently repeats itself, only this time traders should not have to wait twenty years before the fees are down to a reasonable level. CPH Crypto has decided to drive down the fees immediately.” 

 

Watch out for Hidden Fees 

To obtain a complete view of a particular broker’s or exchange’s trading fees, you need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.  

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – which enables them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.  

 

Extreme Price Differences up to 1,249% 

In order to prove the extreme differences in fees between CPH Crypto and four globally dominant trading platforms, CPH Crypto has conducted a line of price comparison based on concrete examples. Four major platforms are Binance, Kraken, Coinbase Pro and eToro, and the examples are based on one month of crypto trading volume of respectively 1,000 USD, 10,000 USD, 200,000 USD and 500,000 USD. In summary the results of the comparisons are:  

 

By 1,000 USD Per Month  

  • Cheapest platform: CPH Crypto with fees in total: 0.6 USD 
  • Most expensive platform: Coinbase Pro with fees in total: 5.0 USD 
  • Difference 4.4 USD / 733% 

 

By 10,000 USD Per Month 

  • Cheapest platform: CPH Crypto with fees in total: 6 USD 
  • Most expensive platform: eToro with fees in total: 37.5 USD 
  • Difference: 31.5 USD / 525% 

 

By 200,000 USD Per Month

  • Cheapest platform: CPH Crypto with fees in total: 79 USD 
  • Most expensive platform: eToro with fees in total: 750 USD 
  • Difference: 671 USD / 849% 

 

By 500,000 USD Per Month

  • Cheapest platform: CPH Crypto with fees in total: 139 USD 
  • Most expensive platform: eToro with fees in total: 1,875 USD 
  • Difference 1,736 USD / 1,249% 

(Numbers collected in Q2, 2020. Please see this page for more information)

 

“All-in-one” Fixed Fee. Unlimited Trading for 39 USD/Month 

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed “all-in-one” fee of only 39 USD/month for unlimited trading or a commission of only 0.04 pct. per transaction for single trading.   

 

To learn more, visit the CPH Crypto website: https://cphcrypto.com/

 

Media Contact Details

Contact Name: Jan Andersen

Contact Number: +45 4060 3239

Contact Email: jan@cphcrypto.com

 

CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. 

Source

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Publicly-listed Crypto Exchange Offers Margin Trading in Crypto Spot Market

16th November 2020, Copenhagen, Denmark – Only two months down the road from the launch of the new company in September, the Scandinavian crypto exchange CPH Crypto now adds margin trading with leverage 10x at zero cost in the crypto spot market including the most popular cryptocurrency pairs.  

CPH Crypto launched at the beginning of September with a clear profile and a strong message to the crypto market: The current level of trading fees set by the biggest international trading platforms does not benefit customers and must be driven down. CPH Crypto’s mission is to make that happen by offering a fixed fee of only 39 USD/month for unlimited trading. Or a commission of only 0.04 pct. per transaction for single trading.  

 

Freedom to Pursue any Strategy

A lesson learned over the years is that cost kills profit. That is why CPH Crypto is targeting primarily active and professional crypto traders who need full freedom to pursue their trading strategies without worrying about the costs.

“When we launched CPH Crypto, the platform offered the most basic services. But now, a few months later we are happy to announce that margin trading and leverage 10x in the crypto spot market are available services on the trading platform,” says Jan Andersen, CEO of CPH Crypto.

For new clients, margin trading will even be free of cost for a limited period of time, so everybody has a chance to benefit and explore CPH Crypto’s services first hand and with no strings attached. Jan Andersen explains:

“Active traders should only have to focus on their trading strategy and not on the costs. That’s the core idea and philosophy of CPH Crypto. But active traders also want advanced opportunities, instruments and services like margin trading and leverage to support their strategies and manage their portfolio. These services have been our top priority.”

 

Deposits Insured

When trading with CPH Crypto, all client crypto deposits are insured. So in the unlikely event of the company being hacked, clients’ deposits would not be affected.

“Trust and credibility are key values for CPH Crypto and that’s why we have this rather unusual feature of insured crypto deposit as a cornerstone in our client offer,” says Jan.

CPH Crypto is registered with the Danish FSA according to the AMLD5 Directive on Anti Money Laundering.

Visit the CPH Crypto website now: www.cphcrypto.com

 

Media Contact Details
Contact Name: Jan Andersen
Contact Number: +45 4060 3239
Contact Email: jan@cphcrypto.com

 

CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

 

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