SeedOn, a blockchain-based crowdfunding platform, unveils new features for its non-custodial wallet granting users complete control over their private keys and by extension their investments.
SeedOn’s commitment to investor protection can be seen through its Smart Contract Escrow Model. Funds are put into a joint escrow account and are only released in stages once the requirements are completed by the project. Entrepreneurs can access their funds according to the stage the project is currently in, circumventing loss induced by fraudulent crowdfunding efforts.
In the wake of the FTX, Celsius, and other centralized exchange (CEX) crashes, investors are seeking secure ways to grow their crypto investments through which they control their private keys, and have flexibility over what they want to do with their crypto.
With so many retail investors already losing their life savings in failed CeFi ventures, the demand for more decentralized finance (DeFi) services is expected to explode.
SeedOn’s development of its non-custodial SeedOn Finance wallet enriches the platform’s ecosystem by enabling users to control their own private keys, and therefore their crypto.
“Whether an institutional or retail investor, everyone is beyond frustrated with the lack of accountability plaguing the crypto industry right now,” says Constantin-Claudiu Minea, Co-Founder and CEO of SeedOn.
“By converting SeedOn’s wallet, SeedOn Finance, into a non-custodial wallet, users will be able to manage their own private keys, bringing peace of mind to investors in a time where it is desperately needed,” Constantin explained.
Users will have the opportunity to connect their SeedOn hot wallets to SeedOn Finance to purchase crypto with fiat money, with the funds being directly transferred to the non-custodial wallet.
SeedOn Finance supports staking and vesting without having to make a deposit or withdrawal from the web app. Wallet users will also have the ability to swap tokens without making a deposit.
“SeedOn aims to not only make equity crowdfunding transparent, but also to make staking and other DeFi activities more secure and accessible,” Constantin said.
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