Review Blocto ($BLT) – A smart contract wallet service that supports multiple blockchains

Blocto is the first and only mobile wallet that supports Flow as of today. Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that empower them.

https://youtu.be/AzqUfXqfOVg

 What is Blocto?

Blocto is building a cross-blockchain ecosystem with the best user experience available. Through the project, users can easily access blockchain applications (dApps), crypto, and NFT assets, no matter which blockchain they are built on; developers can integrate with the identity and payment services that the project provides and create a frictionless onboarding experience.

With improved interoperability built upon smart contract wallet architecture, the ecosystem expands exponentially and brings blockchain to market mass adoption empowered by the project token economy. In a nutshell, Blocto is the Steam for blockchain applications.

What is the project trying to achieve?

The project is a smart contract wallet service that supports multiple blockchains. Users can log in with their email, interact with dApps, and buy and sell NFTs just like how one would use any daily mobile application. Bloctos’unique feature allows users to pay their network fee across all supported blockchains with only the project points. It also supports fiat to crypto purchasing, a convenient and safe portal for users. Users can also convert their project account to non-custodial mode with direct access to their private keys once they are more familiar with blockchain usage.

Goal:

• Build a simple Dapp (decentralized app) for the most common users
• Helping developers build Dapp applications in the simplest way

The project has 2 main products:

• Blocto App: The project e-wallet already has a product for users, but is still in the stage of continued development
• Blocto SDK: Software Development Kit, developers can use the project SDK to enhance the user experience of their applications. With the Blocto SDK integrated into the app, users can easily create wallets, send transactions, buy cryptocurrencies, and more, directly inside the blockchain app.

What is unique selling point?

The most prominent product of the project is the Blocto wallet, a multi-functional wallet that integrates many different blockchains including Flow – a blockchain that is relatively new but possesses fast processing speed and is completely decentralized.

Blocto wallet is designed with a user experience-based approach and has the following outstanding features:

• Unique identification feature, eliminating the need for users to enter private keys and mnemonic phrases when they want to log in. And this identification will also be connected to other devices if the user uses multiple devices.
• Supports storing both NFTs of different Blockchains: Blocto currently supports Ethereum, Flow, Solana, and Tron blockchains. the project users can access dApps and NFTs on different blockchains in just one App, eliminating the learning curve of different wallets. It will also support new blockchains with growth potential soon.
• Interact with multiple blockchains without holding its native tokens: The project’s smart contract wallet design allows users to interact with different blockchain dApps on all supported blockchains. Users can manage their assets easily without holding any native tokens.

Some other products of the project:

• Blocto Swap – First DEX on Flow (Launched)

It is the first decentralized exchange (DEX) built on the Flow blockchain, made by the Blocto team. Blocto Swap supports Ethereum / Flow Tether (USDT/tUSDT)  teleportation, the accumulated trading volume now exceeds USD 10 million.

• Blocto Auction House

It is a cross-chain NFT marketplace. Users can trade their digital collectibles on Blocto Auction House no matter where the token is initially issued.

• Blocto Balancer

It is a cross-chain automated market maker (AMM) where users can deposit their entire crypto portfolio into Blocto Balancer and earn fees as other users trade against their portfolio.

Roadmap

Updating…

Technical data

Key metrics 

• Token Name: Blocto
• Ticker: BLT
• Blockchain: Flow
• Token Standard: Updating…
• Contract: Updating…
• Token type: Utility
• Total Supply: 500,000,000 

Token allocation

Token release schedule

Token use case

• Join the Beta version of the project Swap.
• Create Cross-chain Pool with Weight and fee as you like.
• Customize NFT Showroom.
• Network fees.
• Staking gets rewards.

Token sale

Updating…

More information at: CLICK HERE

How to own the token?

It is possible to own BLT tokens by:

• Join Staking to get BLT.
• Buy tokens on the exchange. Updating…

Markets and Community

Market

The project is the first and only mobile wallet that supports Flow. The project now runs the node which constitutes 70%+ of all FLOW delegators on Flow, is also the 4th biggest node with more users joining in each day. Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. Notable projects running on Flow include NBA Top Shot and MotoGP Ignition.

Community

The project has crossed the mark of 156,000 Followers on Twitter

Backers

Team/ Founders

Advisors

Investors

Verdict

The project is the first Defi piece on the Flow blockchain that focuses on developing a cross-chain integrated multi-function smart wallet service designed for both users and developers. Through the project, users can freely interact with dApps, buy and sell NFTs and cryptocurrencies… easily even without any prior blockchain knowledge.

Find more information about Blocto:

Website: https://token.blocto.app/

Whitepaper:https://drive.google.com/file/d/1C4TKAEzCcJ6uyiA8QBTCx78xE9szdnFU/view

Twitter: https://twitter.com/bloctoapp

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Elise

Coincu Ventures