Flits Wallet: The Best Decentralized Wallet with Enhanced features

Sudarshan M • June 26, 2020

If you have been in the crypto space for quite a while, you must have heard the ongoing campaign of “Not your keys, not your coins” , which denotes that if you use wallets governed by a third-party custodian, then you really don’t guarantee ownership of your own coins. That’s where the whole notion of decentralized wallets/exchanges being better than the centralized ones came from. 

Unlike centralized wallets, decentralized wallets use a private key to give users total control of their funds. This type involves no third party in transactions, hence the safest method to store your funds and trade cryptocurrency. There are currently dozens of these wallets in the market today, but one that stands out is the Flits Wallet. Continue reading and find out why!

Why is Flits the Best Decentralized Crypto Wallet?

Flits App has been vouched by the industry’s experts for various reasons. First, the team behind Flits has been around for some years with other great products like Klimatas and Dutch Crypto Works. They understand very well the industry’s potential and challenges. 

Essentially, Flits Wallet was developed to foster the growth of cryptos and as a solution to challenges in the industry, such as complicated and time-consuming crypto trading processes.

Second, the App presents unique and enhanced features that make it stand out from the rest in the market. These features are the ones presented below.

1. Mobile Wallet

Flits carry the title of the first mobile application with decentralized masternodes and staking. As a mobile wallet available for Android and iOS , the Flits wallet presents many benefits that are not possible with other wallets.

The benefit of ease of access is, of course, the major one. As we all know, phones are easily accessible, unlike PC and desktops. 

Also, unlike others, a mobile-based wallet is safer given that phones are more private than other gadgets.

Besides, a mobile wallet provides more use cases compared to desktop wallets. For example, you can use a mobile app to pay for goods in a store as long as you have your phone with you.

2. Masternodes

In addition to portability, the Flits team went further to make sure crypto investors are taken care of. Masternodes is one of the best ways of making money with cryptocurrencies. Flits application conceals all technicalities involved in investing masternodes to make the process a lot easier. With a few clicks, you can set up your masternodes and start earning. 

There are many benefits of using Flits wallet to invest in masternodes.

First, you get a chance to buy masternode shares. With Flits wallet, you don’t have to own a full masternode, and there is an option to buy masternode shares.

With a market cap of $2,242,989.00 and over 120% Return on Investment (ROI), FLS masternodes are undoubtedly a viable investment.

3. Coin Staking

Not only does Flits wallet allow decentralized hosting of masternodes, but it also supports coin staking. To run a masternode, there’s a required collateral amount. Staking is a good alternative to make money when you cannot afford these collateral coins. With staking, you gain blocks as a reward for supporting the network. These rewards can later be sold for coins that you can withdraw or invest back through different opportunities offered in the platform.

Flits App makes this process great by allowing you total control of your funds. Also, Flits rewards are given out four times each day. Flits charge a competitive staking fee of 5% of the amount staked.

4. Compatibility

A marketplace is one of the main features of a great investment platform. It enables users to liquidate their assets and rewards for profit. For this, Flits wallet integrates several exchanges, to allow users to sell off their staking and masternode rewards and withdraw the profits. Currently, the wallet integrates four major exchanges, including Crex24 , Altmarkets , Birake , and Stex

Flits wallet is also designed to be compatible with other applications, protocols, and networks. Besides, the application is supported in multiple OS and gadgets.

5. Great User Experience

The greatness of an application lies in how comfortable users feel while using it. This includes how fast the application launches, how easy it is to navigate through the App, and how safe your money is. 

Flits App is the most comfortable decentralized crypto wallet, with nearly instant load speed. The main dashboard makes navigation easy, with links to the App’s main sections, such as coins, transactions, nodes, and gift cards, among others. 

For safety, Flits wallet uses a 2-layer authentication policy featuring passcodes and biometrics. Passcodes are strings of numbers and characters known only to users. Flits biometrics involves fingerprints scan for android users and fingerprints/face scan for iOS users.

Bottomline

As the saying goes, great innovation brings a solution to a problem. Cryptocurrency has had many flaws that threaten to cut short the revolutionary technology. From security breaches, speed issues, to complicated processes, these are challenges that can’t be overlooked.

Flits Wallet is an innovation with solutions dedicated to the challenges in the crypto world. Flits is a top-notch decentralized crypto wallet with enhanced features that makes DeFi and investing in cryptocurrency easy , more profitable, and secure. 

Download Flits wallet today and experience a new world of investment opportunities.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
By Press Release April 17, 2025
The launch of Echo Exchange introduces not just a new trading venue but a broader architecture for digital asset management. The project combines yield generation, community governance, and structured custody into a unified ecosystem.  As part of this infrastructure, Echo brings forward a solution designed to address one of the industry’s most persistent challenges: asset security in uncertain jurisdictions. Echo is backed by its legal designation as a Virtual Asset Service Provider under the Isle of Man’s regulatory regime. The ecosystem integrates a Protected Cell Company (PCC) structure called Echo Elite. This is an optional but pivotal component for users seeking structured digital asset custody tied to enforceable legal protections. What Echo Is Announcing As of May 2025, the Echo Exchange will be live. This launch will include: EchoX, a centralized exchange focused on accessibility and onboarding Echo’s real-yield model, distributing platform fees to token holders in USDC The initial release of Echo Elite, a PCC-based framework for asset custody The public sale of the ECHO Token, the ecosystem’s native governance and yield-bearing asset While many exchanges emphasize front-end interfaces or token incentives, the Echo’s strategy is different. The announcement centers on the full-stack design of its ecosystem - particularly how legal infrastructure underpins user protections. Introducing Echo Elite: Structured Custody Echo Elite is Echo’s most compliance-centric module. It introduces Protected Cell structures, a mechanism traditionally used in finance to isolate client assets legally and operationally. Within the Echo ecosystem, user accounts can opt into a custody model that offers greater legal clarity and jurisdictional insulation. PCCs enable the separation of Echo’s own operating capital from user funds. This becomes increasingly important as tokenized asset classes enter the platform’s offerings in later phases. This also applies to real-world asset (RWA) representations like stocks or real estate. The approach reflects a broader theme: Echo’s attempt to bridge blockchain functionality with traditional financial safeguards. Real Yield and Exchange Fee Sharing Security is only one part of Echo’s user-facing model. The ECHO Token acts as the backbone of a real-yield mechanism, wherein: 50% of all trading fees from both EchoX and Echo Pro are distributed daily to token holders in USDC. 10% of platform revenue on a daily basis will be used for buying and burning ECHO tokens. The strategy aims to gradually decrease circulating supply. This model will be non-inflationary. There will be no staking rewards of synthetics or emission of tokens. Yield will be linked straight to the platform's actual usage. This feature will make the yield more predictable and sustainable than most incentive designs in the digital asset ecosystem. Participation is simple: users activate yield by transferring tokens into a dedicated savings account inside their Echo dashboard. Funds remain liquid and accessible. The Token Structure Echo’s tokenomics are deliberately conservative. Key figures include: Total supply: 1 billion ECHO Burn target: 500 million (deflation ends at this point) Public sale allocation: 2% Community Foundation: 30% (non-transferable and permanently locked) Team allocation: 20% (long vesting schedule) Liquidity allocation: 15% Remaining tokens divided across marketing, seed investors, and gamified whitelist initiatives Importantly, the Community Foundation - which holds the largest share - operates under a binding legal obligation to never sell its tokens. Rather, it only exists on yield, which gets invested in governance-sanctioned ecologics like education, collaborations, and product development. The design intends to discourage speculation as a first point. Also, it aims to encourage long-term alignment between platform success and the fate of the token holders. A Platform Built for Traders Echo’s design consists of two interfaces: EchoX, a consumer-friendly exchange, focuses on simplicity, pair trading using stablecoins, and seamless execution. It addresses first-time users and inexperienced traders not interested in complicated trading schemes. Echo Pro, launching in Phase 2 (Q3 2025), provides advanced features for trading: charting tools, stop-loss, leverage, and API connectivity for institutional and power users. Both sites, in spite of their varying user interfaces and user bases, share a common Scala-based matching platform. This tech is optimized for concurrency, throughput, and speed. They also share backend infrastructure written in Go, with front-end deployment via Next.js for a responsive and consistent user experience. The Technology Behind the Custody Security isn’t limited to user-facing features. Echo’s wallet architecture employs: Multi-Party Computation (MPC): for distributing key control among several parties Tiered wallet models: hot, warm, and cold storage Hardware wallet compatibility Biometric access and passkey authentication AML/KYC procedures are managed by Amazon Cognito, which simplifies user identity verification. The goal is to maintain high compliance standards without degrading onboarding speed. In fact, the latter is a known bottleneck in exchanges that rely on manual reviews. Together, these systems support Echo’s goal of creating an ecosystem where users can interact securely without compromising on usability. Governance and Jurisdiction Governance within Echo relies on both ownership of the tokens and clear jurisdictions. Token holders are able to: Voting on how funds are spent in the Community Foundation. Develop and rank new product features. Approve partnerships and listings of tokens through a formal proposal procedure. But what distinguishes Echo from other projects is that it relies on legal entities to enforce these institutions. It doesn't utilize symbolic DAOs for governance or soft consensus. Rather, decisions, particularly those regarding funding of the ecosystem, are carried out by a foundation. This entity possesses a well-defined charter and binding fiduciary responsibilities. The approach emphasizes establishing trust with those who are not willing to engage with DAO-based systems that lack enforceability. Echo’s Roadmap Rollout for Echo is phased deliberately to maintain product stability: Phase 1 (May 2025): During this phase, there will be the EchoX launch, the ECHO token ICO, and the soft launch of Echo Elite. Phase 2 (Q3, 2025): Following this, there will be efforts to accomplish the full Echo Pro launch. We must include mention of trading bot implementation, community governance platform, and IEO launch. Phase 3 (2026): Derivatives trading, social trading, inclusion of real-world assets, tokenized mutual products, and securities Phase 4 (2027): Full RWA brokerage capabilities, integrated neobank products, and payment rails. All the phases leverage the preceding one by adding platform sophistication. Bottom Line Echo’s product lineup combines high-frequency trading, user real yield, and solutions that take jurisdictions into account. Echo sees itself as a platform where economic incentives and legal architecture converge. With its rollout, Echo joins a small group of initiatives that are geared towards developing new tools for trading. The team is focused on reconsidering the function of regulation and structure in crypto asset custodianship. The project’s official website is a good source of information to learn more about Echo and its growing ecosystem. You can follow the team on the social media pages if you wish to follow Echo’s development: X (Twitter) | Telegram | Discord .
By Press Release April 15, 2025
Echo , a groundbreaking centralized cryptocurrency exchange, has announced that it will officially launch globally on May 15, 2025. The much-expected event is set to be a pivotal occasion for digital asset trading as Echo aims to establish a new industry standard. The community-centric platform promises a seamless user experience, institutional-grade security, and an ecosystem-driven approach.  On the same date of the launch, Echo will conduct a public sale of its native ECHO token, with 2% of the total token supply available exclusively through the platform. The proceeds should boost the project’s development following successful early funding rounds that already secured $2.5 million in support from strategic investors. Echo stands out from other centralized crypto exchanges through its ecosystem-focused model. More precisely, it is designed to thrive on users' participation, who, in turn, benefit directly from the platform's growth and activity. The exchange proposes a transparent and intuitive environment for retail and professional traders to navigate safely and efficiently. Sam Dorrer, Chief Executive Officer at Echo, commented on Echo’s community-driven approach: "Our mission is to create a cryptocurrency exchange that truly prioritizes its users. Echo is designed to be more than just a trading platform—it’s a dynamic ecosystem that fosters long-term engagement and participation." Built for Traders by Traders The rapidly evolving digital asset landscape may seem daunting to newcomers. That’s why Echo provides easy navigation features, deep liquidity, and high-speed trade execution to simplify crypto trading for its growing community. Echo does not set entry barriers and accommodates traders of all skills and experience. Beginners can start on EchoX, the platform’s user-friendly centralized exchange. Thanks to the platform's intuitive interface, they can enjoy a smooth initiation to crypto trading. Meanwhile, institutional and seasoned investors can access Echo Pro and its advanced trading tools. The platform's modular design provides real-time analytics, market insights, and strategies to help traders make better-informed decisions. Lastly, Echo charges minimal fees of only 0.1% per transaction, ensuring all casual or high-frequency traders benefit from a competitive fee structure. The ECHO Token The ECHO token is a foundational element of Echo's unique ecosystem. It is designed as a real-yield token on Ethereum and features robust tokenomics, including a fixed total supply of 1 billion tokens. The platform employs a deflationary mechanism for the ECHO token, allocating 10% of the daily revenue from both EchoX and Echo Pro to repurchasing tokens on the open market. It then “burns” the repurchased tokens from circulation to enhance scarcity and potentially ECHO’s value in the long term. ECHO token holders enjoy fee discounts, premium trading tools, and early access to new services. Moreover, they get governance rights. Therefore, they can participate in platform decision-making, such as fund allocation for the Echo Foundation. The latter will be a pool dedicated to funding growth, strategic partnerships, and other governance initiatives. Echo has allocated 2% of the total ECHO token supply for the public sale taking place on May 15, 2025. This controlled release should create scarcity and support upward price momentum while meeting public demand without diluting the token’s overall value. Revenue and Yield Generation Echo Exchange stays true to its community-focused mission by returning some trading fees to ECHO token holders. The platform distributes 50% of the fees generated from EchoX and Echo Pro as stablecoin (USDC) yields. This feature is a fundamental part of the Echo ecosystem, aligning fee generation with user rewards and ensuring the Echo community grows and thrives together with the platform. Security and Compliance Echo employs the industry’s highest security standards, including multi-layered encryption, biometric authentication, robust KYC/AML checks, and institutional-grade wallet infrastructure. These features guarantee maximum protection for Echo users and their assets. Echo operates as a designated business for convertible virtual currency under the Regulatory Framework of the Isle of Man Financial Services Authority. This status enables the platform to provide tax advantages to its EchoElite Traders under the Isle of Man PCC Structure, which means 0% capital gains tax and 0% corporate tax for crypto investments. EchoElite Traders get to keep more of their gains, accelerating the ability to compound their portfolio. The Echo Roadmap The Echo Exchange is set to follow a 3-phase development path plus a series of future integrations: Phase 1 The Launch of EchoX for basic trading and Echo Elite, with the latter providing asset custody under The Isle of Man’s PCC (Protected Cell Companies) structure. The ECHO token public sale takes place on May 15, 2025, simultaneously with the Echo exchange launch. Echo will also launch the Echo Journal to start building helpful content for its community. Phase 2 The introduction of Echo Pro for advanced trading with cutting-edge tools, such as enhanced liquidity and professional-grade functionalities. This phase will also see the expansion of yield generation models, the integration of trading bots, and additional digital asset services. Phase 3 Echo will expand into Real World Assets (RWAs) trading, leveraging tokenization to unlock traditional asset classes. At this stage, the platform will reach full integration of advanced protocols (e.g., peer-to-contract) to enhance collateralized borrowing and lending capabilities. Other planned features and integrations include: Neobank Rails will enable seamless fiat-to-token conversions with integrated banking services. Fractionalized Assets & Multi-Class Asset Choices, such as tokenizing commodities, stocks, and real estate. Collateralized and decentralized lending and borrowing capabilities through the platform’s peer-to-contract protocol. Offshore & Digitized Trust Structures will expand custody solutions via the Echo Elite framework. An Integrated Launchpad supports onboarding promising new projects to further diversify and strengthen the Echo ecosystem. About Echo Echo operates as a Virtual Asset Service Provider (VASP) for custody and exchange under the Regulatory Framework of the Isle of Man Financial Services Authority. The platform aims to reshape the crypto trading landscape through a user-driven digital asset ecosystem. Echo’s long-term goal is to establish itself as a leader in digital asset management at the intersection of traditional finance and the emerging blockchain-based economy. Echo aims to deliver a community-first trading experience that includes traders of all levels. The platform seeks to empower its members through a robust fee-sharing model, advanced financial tools, daily rewards for token holders, and maximum security for their assets. The ECHO token public sale will occur on May 15, 2025, exclusively on Echo's official platform. The organizers urge interested participants to register in advance via the Echo’s website . Since the sale follows the “first-come, first-served” rule, early registration allows investors to purchase ECHO tokens before they sell out. Those who miss out may have to resort to secondary markets, where prices will vary. For ongoing updates and community engagement, follow Echo on X (formerly Twitter) , Discord , and Telegram .
By Press Release April 10, 2025
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By Press Release April 10, 2025
AW8 , one of the leading online casinos in Singapore, proudly announces the launch of AW8 Pro — its most significant platform upgrade to date. This milestone marks a new era of gaming excellence, offering an expanded game library, enhanced rewards, and a seamless user experience. Since its founding in 2019, AW8 has rapidly grown to over 300,000 active players by 2025, solidifying its position as a leader in the online gaming industry. Exceed 1,000 New Games  AW8 Pro has a comprehensive suite of new features that will delight loyal AW8 players and new users. The upgrade includes over 1,000 new games, expanding the already rich selection of slots and live casino games at AW8. Moreover, it includes games from trending and high-quality providers, thus enhancing the overall gaming experience. Enhance Game’s RTP Another essential upgrade is the enhanced game RTP (Return to Player) rates, now as high as 99.8%. This improvement offers players significantly better winning odds while reinforcing AW8’s commitment to transparency, fairness, and a secure gaming environment for all users. Increase Daily Rebate In addition, AW8 Pro introduces an upgraded daily rebate system, offering players up to 3% rebate automatically credited to their accounts. This enhanced feature is designed to reward players consistently, regardless of the game outcome. By putting value back into the hands of its users, AW8 reinforces its player-first approach—ensuring that every bet, win or lose, contributes to even greater long-term rewards. Upgrade VIP Program AW8 is renowned for its extensive care and appreciation of loyal users. It is an integral part of the latest AW8 Pro update through an enhanced VIP Program. More precisely, the VIP Program has been extended to include 12 levels with numerous incremental perks for those climbing the VIP ladder. For instance, the platform rewards players with an exclusive VIP Upgrade Bonus of up to SGD 5,888. Furthermore, AW8 has lowered the thresholds to enable easier access to VIP benefits. New UI/UX An improved UI/UX gives AW8 a sleek, modern design for smoother gameplay that is designed to elevate the overall user experience. The AW8 Pro upgrade also delivers faster, more intuitive navigation that will help new users find their way across the platform without any hassle. Additionally, the enhanced transaction system offers faster, more secure deposits and withdrawals, ensuring a streamlined and hassle-free gaming experience from start to finish. Overall, the AW8 Pro upgrade provides an enhanced user experience with more rewards and entertainment for new and seasoned AW8 users. The platform now ensures smoother gameplay across all devices. Users can easily switch between desktop and mobile without missing any fun. The upgrade also makes it easier for loyal members to progress and earn, thanks to the lower thresholds in the VIP program. About AW8 AW8 is a modern, all-inclusive online gaming and betting center based in Singapore. The platform has a rapidly growing user base that is attracted by the casino's player-centric approach, large selection of games, and enticing VIP program. AW8 Pro is the casino's most recent and significant update, aiming to set a new standard in the online gaming industry. The upgrades reflect the platform's inclusive mission by catering to seasoned players and newcomers. The update has improved all aspects of the AW8 casino, building towards a uniquely rewarding gaming experience. AW8 Pro is now live for anyone ready to experience the future of online casinos in Singapore.
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