Best Wallet raises over $2M in ICO for plans to modernize Web3 wallets

Crypto wallet newcomer Best Wallet (BEST) has hit the ground running, raising over $2 million in its ICO so far
Advertorial
Posted by Advertorial December 5, 2024 3 Mins Read
Crypto wallet newcomer Best Wallet (BEST) has hit the ground running, raising over $2 million in its ICO so far

Crypto wallet newcomer Best Wallet (BEST) has hit the ground running, raising over $2 million in its ICO so far. 

Following a successful $1 million private round backed by app users, the project now aims to compete with industry veterans like MetaMask and Trust Wallet.

Best Wallet – the Web3 crypto wallet building a complete trading ecosystem

Best Wallet’s team has an ambitious vision: to create a complete crypto ecosystem that disrupts the wallet market. 

Best Wallet’s native token, BEST, powers a range of products – including the wallet itself, a DEX aggregator that taps into over 200 exchanges, and an upcoming crypto debit card promising 8% cashback on purchases.

What sets Best Wallet apart is its mobile-first approach and focus on making crypto more accessible.

It’s the first wallet to implement Fireblocks MPC-CMP technology.

It also supports over 60 blockchain networks, allowing users to manage all of their crypto in one place.

However, perhaps its most intriguing feature is the “Upcoming Tokens” portal, which gives users early access to vetted presale opportunities before they hit exchanges.

Those who hold the BEST token get additional perks in this ecosystem.

These perks include reduced trading fees, higher staking rewards, and governance rights.

It’s a setup that encourages users to hold their BEST long-term rather than use the tokens for speculation.

BEST public token sale gains momentum & tops $2.2M

The momentum behind Best Wallet’s token sale shows no signs of slowing, with the project already securing over $2.2 million from early investors.

After raising $1 million in a private round, the public sale is now live.

The team is offering BEST tokens at $0.022925 each through the official website or mobile app.

Best Wallet’s team accepts purchases using either crypto or bank cards.

Once the ICO ends, they intend to list BEST on an exchange – although details are still being kept under wraps.

According to the project’s whitepaper, once BEST does make its open market debut, 1 billion tokens (10% of the supply) will be used for initial liquidity.

Another 3.5 billion tokens (35% of the supply) will be deployed for marketing, suggesting the team is preparing to expand after the ICO concludes.

Security-conscious investors will also note that Coinsult has audited the BEST token’s smart contracts.

They found no major issues or vulnerabilities in their code.

Market timing & influencer endorsements point to growing interest in Best Wallet

The crypto community has taken notice of Best Wallet.

The project’s Twitter and Telegram channels have experienced significant growth since the ICO went live, and some popular influencers have also become aware of it.

For example, crypto YouTubers ClayBro and Crypto Wire uploaded videos breaking down Best Wallet’s features and roadmap.

Their comments coincide with broader crypto market momentum.

Bitcoin’s push past $100,000 has continued the coin’s impressive run, with altcoins also seeing gains.

Utility tokens are capitalizing on these favorable conditions, and the likes of XRP and HBAR have seen sharp price increases.

Early BEST token investors believe this is the kind of environment Best Wallet could capitalize on.

While competing with established platforms like MetaMask presents challenges, the wallet’s user-friendly features and advanced security help it stand out.

Plus, with some new features set to roll out soon, investors are keeping a close eye on Best Wallet as its ICO progresses.

Tags: