Cryptocurrency

Jaxx to Release ‘Jaxx Liberty’ Gamified Wallet With Crypto Rewards

Jaxx to Release ‘Jaxx Liberty’ Gamified Wallet With Crypto Rewards

The company behind the popular multi-asset wallet app Jaxx has just announced that they will be releasing a new product called Jaxx Liberty. The app will, according to a recent press release, offer a gamified method of interacting with blockchain assets and that will reward users for interacting with the platform through its own cryptocurrency called Unity. So read on as we take a look at Jaxx Liberty and its new cryptocurrency gamified system set for release next month.

Also see It’s Official: JPMorgan’s CIB Is Now Working on Its Own ‘Crypto Strategy’

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What Is Jaxx?

Jaxx

Jaxx is a popular multi-asset, multi-platform cryptocurrency wallet that has recorded over one million downloads to date. It works on platforms like Windows, Mac OS, iOS, Linux, and Android, and offers asset synchronization across all platforms.

Jaxx currently supports a wide array of assets including bitcoin, Ethereum, litecoin, Dash, Doge, and an impressive number of ERC-20 tokens like Civic, Gnosis, and Melon, to name a few.

So far, the community at large seems to have warmly embraced Jaxx and its usage has been steadily increasing over the past few years. The system relies on a standard 12-word seed phrase, which has so far proven secure. There has only been one widely circulated case of a successful hack of a Jaxx wallet. Specifically, one unfortunate user lost 973 ETH to a hack that was pulled off on the user’s rooted android device last year. Most experts suggest that the hack would have been impossible if the device was not rooted.

Jaxx is a product of the Canadian company Decentral Inc., active since 2014.

Jaxx Liberty and Decentral Unity

Describing the wallet as the “next phase” of The Decentral Project, the company has announced a new product – Jaxx Liberty. The product is described as a “single, gamified interface for everyone to experience the blockchain ecosystem”. The new product is slated for release on July 1st, 2018.

The wallet will provide a new and improved user experience through what they call a “wide portfolio of high-caliber blockchain service providers for users to engage with” in the new application. Unfortunately, we do not yet know who these service providers will be. One possible example could include the popular ShapeShift instant cryptocurrency exchange that several multi-asset wallets offer integration with, including the original Jaxx wallet.

Jaxx

The platform will make use of a custom cryptocurrency (or token) called Unity. While the company has yet to release any specifics on Unity (such as if it is an Ethereum token, or if it runs on its own blockchain) the company has offered a few suggestions for how it can be used.

Earn Unity by Using the App

Statements from the company suggest that the token or coin will be earned via interactions made with the wallet app. This could be very similar to how mobile games reward players with in-game currency based on daily check-ins or by completing various tasks each day in an attempt to keep the player engaged.

The release further states that Unity can be used for motivating users to “take advantage of the exclusive services provided by hundreds of participating industry partners” and for helping the platform to “offer users the best possible prices for purchasing partners services”.

Again, Decentral Inc. has not given any specific details on who these partners are. However, we can assume that the Unity token or coin will be something like a customer loyalty points system as opposed to a means of exchange like bitcoin or litecoin.

It is also possible that Unity could be exchanged for various services that are not blockchain related. Perhaps for coupons or discounts at various retailers that accept cryptocurrency, for example. At this point, it is anyone’s guess. But we should know once the product goes live next month.

Sound off below. Are you a Jaxx user? Are you excited about this new product?


Images via Jaxx.io, Maxpixel


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