ENOWALLET: Making you to be your own bank
Salome Amao
Community Moderator and Manager, Crypto Content Writer and Crypto Educator
Since the creation of Bitcoin in 2008, the crypto space has expanded far beyond Bitcoin. We have seen the growth of the blockchain/crypto industry and the revolution it has brought to the finance world. It was when I started my cryptocurrency journey that i started questioning myself on the reason why bank was established in the first place. In the words of Bill Gates in 1994 that “banking is necessary but banks are not” I now have a clearer understanding of his words because the blockchain has made me understand that banks are not necessary due to the fact that I do not need to go the bank to perform financial transaction and I could send and receive money within a very short time across continents regardless of my location.
?Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Cryptocurrency wallets are an integral part of using and interacting with cryptocurrencies, they are a fundamental element of the crypto infrastructure that allows funds transfer across blockchain networks.
In my opinion, I think one of the reasons that is limiting the adoption of cryptocurrency is the complexity that users face to access the crypto world. One of the challenges of adopting the use of cryptocurrency is that cryptocurrency wallets whether in form of mobile or desktop apps are designed in such a way that newcomers are faced with a lot of unfamiliar concepts that could cost them their crypto assets.
Lack of user friendliness have made crypto newbies shy away from non-custodial wallets thereby making them embrace custodial wallets which seems to be more user-friendly.?The issue with these custodial wallets is that they don’t provide the full range of utility offered by crypto wallets, neither do they offer the true economic freedom that the cryptocurrency presents through the blockchain technology.
The promise of blockchain is decentralization and this has come to stay as we have seen that in the last 2 years decentaralized finance has changed a lot of things in the finance world and it has also created services that the traditional finance has been unable to provide. In the area of storing and managing cryptocurrency assets, decentralization is also important and that is exactly what ENNO Wallet is offering to the world.
Introduction to Enno Wallet
Enno wallet is a crypto mobile wallet that gives access to decentralized finance services. Enno wallet operates with the mission to support a total financial liberation by making available a permissionless and non-custiodial multi-coin crypto wallet. By providing a non-custodial wallet, users will have the total control and access to their fund and permissionless means that users can install the wallet and store, receive and purchase cryptocurrencies regardless of their geographical location.
Advantages of using Enno Wallet
? Access to DeFi applications with one account. DeFi has done for us a lot of good and has many applications like staking, farming, borrowing and lending e.t.c but using all these applications results into having a lot of crypto wallets accounts and this could lead to loss of seed phrases. Enno wallet has come to offer its users access to all DeFi applications with just a single account which means users can enjoy all DeFi applications without having to create multiple accounts that will make them vulnerable to loss of their seed phrases.
? Using Enno wallet will make you less prone to surface attacks since you will be using a surface attack, hence hackers and scammers will not have lesser chance to attack you.
? Enno wallet will give only you access to your digital identity. This means your data is secured and not exposed to third parties unlike other digital stores that earn money by collecting your data through different advertisements.
? Enno wallet makes you free from security vulnerabilities because they go through regular security audits that exposes traces of any harm that poses risk to the security of the system.
? With Enno Wallet, you can always access your account and bypass all the censorship regardless of prohibitions and any form of obstructions.
Services rendered by Enno Wallet
1.?????Staking
Some crypto holders store their asset in their wallet, whereas these assets can be put into use to earn more rewards just by staking it. Enno wallet provides staking option such that users can stake their digital assets to earn more reward. When you stake on Enno wallet you will earn interest of up to 936.23% on your stable coins,?enjoy daily payout because interest is compounded every single day,?add or withdraw your funds anytime, watch your stable coin grow by tracking your interest at any time.
One amazing thing about Enno wallet is that it supports stable assets of notable countries in the world and estimated annual percentage yield is based on payouts received in the last 3 days. Users who stake on Enno wallet will also enjoy daily payout.
2.?????Swapping
This function of Enno wallet allows you to swap your assets directly from your wallet at the best price and with the lowest transaction fees. At the time of writing this article, Enno wallet supports 20+ crypto and fiat pairs
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3.?????Decentralized Forex
The foreign exchange market is a global marketplace for exchanging national currencies and Enno wallet through the use of smart contracts will enable the swapping of stable assets in a transparent and secured manner. Due to the integration of this wallet with the blockchain technology, all transactions will be traceable.
All the services of Enno cash wallet are geared towards boosting its users passive income and you can enjoy all these services by simply downloading the Enno wallet via these links:
Enno Wallet Token ($ENNO)
Enno Cash is the governance token of Enno Wallet and will be used to reward Enno wallet uses. This token will empower holders to vote on all decisions as it pertains to Enno wallet. Enno Wallet users will receive $ENNO tokens based on the level of their activities and their shares of total activities by other users.
Good news!!!
Enno wallet has a reward program called ENNO BIRDS and it is for users who have been using the Enno wallet before the token sale ended. Enno birds rewards will be determined by the amount of Neutrino staked and the supply amount on Liquidity Protocol by users.
Token Distribution
Concluding Thoughts
Enno wallet is another great innovation of a continued journey to economic freedom that makes users of cryptocurrency derive maximum satisfaction based on the services it provides. It assures users of security and transparency which I believe is the utmost concern of every crypto users today.
For more information, you can check these sites:
Website -?https://www.ennowallet.com/
Twitter -?https://twitter.com/ennowallet
Telegram -?https://t.me/EnnoWallet
LinkedIn -?https://www.dhirubhai.net/company/ennowallet
Facebook -?https://www.facebook.com/EnnoWallet/
Instagram -?https://www.instagram.com/ennowallet/
Author: Peace23
POA:?https://bitcointalk.org/index.php?topic=5361062.msg57988308#msg57988308
My Old wallet address: 0xCAee8DA8FEd969c6C6f4f99A8eF5dA2863De8eDd
My new wallet address: 3PJcS8QXdwRdMWJsjHufY5C1PJT1em6oNRj
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Research Assistant at Forestry research institute of Nigeria
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