During TOKEN2049, Airmoney introduces the AirMoney Degn Device, a web3 hardware solution created specifically for DePIN. In addition to what a traditional hardware wallet can do, the device also lets users use web3 protocols through a secure DePIN (Decentralized Physical Infrastructure Network) architecture.
AirMoney allows users to do more than just store, unlike a typical wallet: they can operate nodes, earn tokens through Proof of Activity, trade, stake and game on a fully decentralized, standalone device. Each device has a node that users can enable after it is set up to connect to the network, start working, and earn tokens through Proof of Activity. This signals a shift from lonely, simple storage units to fully interactive ecosystems that allow users to take charge of their cryptocurrency experience in new ways.
To provide easy access to decentralized apps and services directly from the device, AirMoney Degn Device has partnered with a number of top blockchains and dApp providers. Access to a comprehensive range of cryptocurrency tools and products is ensured through the integration of many unique dApps into AirMoney’s decentralized app store. It has access to Bybit-powered spot and perpetual futures trading, along with a dedicated physical knob for adjusting leverage, and Synesis One’s AI data that labels dDapp, the workspace.
The actual OLED-powered buttons on the AirMoney device, which allow users to transact and interact with dApps at the touch of a button, are one of its most notable features. This makes interacting with cryptocurrencies more tangible and intuitive than before. It also gives customers the opportunity to have full control over their assets in a highly secure hardware environment.
AirMoney is committed to increasing everyone’s access to cryptocurrency. Pre-loaded with native tokens, the AirMoney Degn Device serves as a gateway to facilitate users’ participation in DeFi and growth of their cryptocurrency holdings. To ensure that everyone involved in the network benefits from its success, Proof of Activity (PoA) will be used to distribute the majority of AirMoney’s native token supply to users.
With its DePIN device, the AirMoney Degn device, which was introduced at TOKEN2049 in Singapore on September 18, is set to revolutionize the way consumers interact with cryptocurrency. Users are empowered to become active participants, controlling nodes, trading, staking and gaming within a fully decentralized, self-contained device, rather than passively holding assets.
Top-level security: powered by Web3Auth’s MPC technology
AirMoney puts security first by using Web3Auth’s Multi-Party Computation (MPC) technology, which has been validated by more than 10 million accounts worldwide. AirMoney provides an extra degree of security by simply storing part of the private key on the device, unlike conventional wallets that store the entire key. AirMoney distributes the key to many places using Shamir Secret Sharing to ensure that the user’s assets are never compromised by a single point of failure. With the flexibility to freely participate in the decentralized ecosystem without fear of losing their assets, users are protected by this state-of-the-art security architecture.
The only features that current hardware wallets offer are basic token swaps and secure storage of cryptocurrency holdings. At the same time, the development of DeFi and web3 has given rise to dynamic ecosystems that require greater engagement, usability and involvement. The AirMoney Degn Device is an example of how hardware wallets have evolved into universal tools for maximizing DeFi and Web3.
AirMoney CEO Kryzstof Gagacki said:
“The AirMoney device takes crypto hardware beyond the era of passive storage. Just as the Kindle was built for reading, AirMoney is purpose-built for cryptocurrency, offering users a gateway to the decentralized economy where they can actively trade, bet and earn from a single powerful device.
The introduction of the AirMoney Degn Device will raise the bar for cryptocurrency hardware and encourage more users to join the network and make money.