THORWallet DEX (TGT)

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Cross-Chain Swaps

THORWallet DEX allows users to swap native crypto assets like BTC, ETH, and SOL directly across different blockchains without using bridges or wrapped tokens. This means you can trade coins from one blockchain to another seamlessly.

Wallet Features

It is a non-custodial, multi-chain wallet that gives users full control over their private keys. It supports multisignature functionality for individuals, treasuries, and DAOs, and offers premium features like multi-wallet support and dark mode.

Earning and Staking

Users can stake TGT tokens to unlock premium features and earn passive income, including real yield cashback in USDC. Part of the profits from the ecosystem is used to burn TGT tokens, helping manage supply.

Community and Gamification

THORWallet DEX includes community programs, missions, and gamification to increase user engagement and adoption. It plans airdrops and rewards to grow its user base.

Integration with THORChain

THORWallet DEX acts as an easy-to-use entry point to the THORChain ecosystem, which provides decentralized infrastructure for cross-chain trading and DeFi services. This integration enhances financial freedom and access to decentralized finance tools.

Additional Services

The wallet also offers a crypto debit card powered by Mastercard, enabling users to spend crypto globally while maintaining control of their funds.

Pros

• THORWallet DEX is a non-custodial wallet, giving users full control over their private keys and assets.
• It supports swapping native coins across different blockchains without intermediaries.
• Offers a single app to manage, swap, stake, and earn yield across multiple chains.
• Includes features like multi-wallet functionality, dark mode, and gamified community missions to help users learn DeFi.
• Recognized for innovation, winning the Dubai Startup World Cup 2022 and included in the CV VC Top 50 report 2022.
• Supports hardware wallet connections and has a multisig option for enhanced security.
• Constantly developing new features, such as planned credit card services and cross-chain name service.

Cons

• Trading volume and market activity have seen significant recent decreases.
• Fees can be high, as reported by some users, especially for liquidity providing.
• The THORWallet Card is virtual only, limiting use cases like ATM withdrawals or certain rentals.
• Crypto-to-fiat conversion fees with the card are around average but not the cheapest available.
• The token's market rank is relatively low, and price volatility is present.

Founders

THORWallet DEX was founded by Marcel Harmann and Axelra. Marcel Harmann is the CEO and co-founder, and Axelra is a Swiss Tech Venture Builder that co-owns the project with him.

Background of Founders

Marcel Harmann holds a Ph.D. in blockchain technology and is also a university course director in blockchain and crypto finance. Axelra supports the project as a tech venture builder.

Investors

THORWallet DEX has 3 investors. Among them, Nine Realms and 0x Ventures are the most recent investors.

Funding Rounds

The project has completed 2 funding rounds, but the total funding amount is not publicly disclosed.

Halal Status of THORWallet DEX

• Yes: THORWallet DEX is a decentralized, non-custodial crypto wallet and exchange that allows users to swap native crypto assets across blockchains without intermediaries. It focuses on transparency and user control, which aligns with principles of fairness and ownership important in halal finance.