[Grant Application] Atomic Wallet Proposal

We are seeking funds to develop a mobile (Apple and Android) and desktop wallet for the ICON blockchain. The scope of this grant is to build wallet integration functionality.

Project Description:

Atomic Wallet is a non-custodial wallet that provides asset management in a single interface. Features of Atomic wallet include:

  • Desktop and Mobile apps
  • 20+ blockchains support
  • All ERC20 and BEP2 tokens
  • Portfolio management
  • Instant exchanging
  • Buy/Sell crypto with Visa/Master Card
  • Trading desk (soon)

Android and IOS app

Native interface for staking

User stats:

  • Over 200K app downloads across desktop and mobile platforms
  • Over 90K monthly active users:
    • 35% North America
    • 30% Eastern Europe
    • 35% other countries

Comparison vs. other wallet providers

  • Strongly experienced team with a few years on the crypto-currency market
  • Common wallet core for all platforms, developed from the scratch on cutting edge technology with common open-source libraries usage
  • Quick integration for the new blockchains and any tokens support
  • Marketing growth hacking team with SEO, affiliate and community management experience
  • Highly educated 24/7 support team with less than 30 minutes response
  • One of the most easy to use interface for mass adoption
  • Unique membership and affiliate program with AWC token

Private key management

  • Non-custodial wallet - you fully control your crypto
  • 12 words backup seed phrase for all assets
  • Encrypted keys storage on local device only
  • Recovery on any device with BIP44 support

Community:

Excellent community ratings: https://www.trustpilot.com/review/atomicwallet.io

Project Duration: We expect this to take 3 weeks to fully integrate.

Project Funding request: 3BTC worth of ICX

Team contact: Andrew Kono - Head of Business Development (andrewk@atomicwallet.io)

Public ICX address to receive grant: hx6b49beb6b22fbbd2a6a9c2cb59c1071d6938fd96

We look forward to being part of the ICON ecosystem, thanks!

Hey guys - quick question. How does your wallet handle Proof of Stake protocols? Would you support ICON staking + voting? Would you stake + vote on behalf of your users in the backend? How do you handle Tezos as an example.

Thanks!

Hi Benny, thanks for your quick question! Atomic Wallet supports many blockchains with Proof of Stake protocol, ICON won’t be an exception. Firstly we’re planning to add staking feature and then voting as well.

As for the process of staking in the wallet:

  1. Users choose an exact validator they need. We do not have our own validator.
  2. The transaction for delegation is created in the user’s wallet and signed by the private key. The private key never leaves user’s device.
  3. Signed transaction is sent to the node.
  4. Validator sends reward directly to the user or user claims reward from the wallet (depends on asset)

Atomic Wallet is a non-custodial light wallet, all the private keys are stored on user device only, basically, it’s just an interface to different blockchains.

Kindly let me know if this helps

2 Likes

Initial Review Result Comments

Review Result

Approval pending on revised conditions

Review Comments

This wallet app has many users, is available on both PC and mobile and supports direct staking and voting functions! ICON Community can meet a wide range of users and other blockchain communities through this app. Also, more wallets provides more ways to access ICON Network so the diversity of wallets are better for decentralization.

However, we would like to ask your team to revise the proposed conditions. Check this following conditions and leave your comments. If your team agrees to the revised condition, grants will be funded.

  • Adjust budget to 2 BTC
  • Co-promotion (E.g. AMA, social media campaign, etc.) with the Foundation within your community (Reach out to Ricky@icon.foundation)

Next Procedure

ICON Foundation provided the Initial Review Result Comments on the proposal. Grants recipients will respond to the Foundation’s response. If the recipient finally agrees on the outcome of the ICON Foundation, the foundation will provide the Final Review Result Comments.

Dear BongAn HA,

Highly appreciated your reply on our proposal.

As for the conditions, we’re definitely looking forward to having this partnership with ICON, however, I’d Like to mention that the total price of 3BTC consists of several factors:

First of all, I’d like to point, that at the moment the average price for the integration to Atomic Wallet is 6BTC. It was our step forward to ICON community to provide a discount of 50% of the total price due to the good relations between our Management and yours. It was mentioned via email with ICON Representatives.

The second thing is the tech process. Together with the basic implementation of the ICON asset, we’re going to add staking and voting features as well. In light of the above, the price of 3BTC is the lowest price we’re ready to provide you with.

Co-promotion - is a separate activity. We’re absolutely ready to push the announcement of the partnership through our media channels, invite your team to AMA and make some giveaways to celebrate this event with all our community. Kindly check the official Twitter of Atomic Wallet - https://twitter.com/AtomicWallet, you will see how we’re attracting users all over the world, stimulating and encouraging them. Co-promotion won’t be the separate item in the agreement, we will do it for free with great respect to ICON Foundation.

Kindly let me know your feedback!