The ecosystem of Ethos will have its VGX coin. The VGX is a functional token that can be used on the platform to access different features, power up the community building, and create value through a dynamic system of rewards and fees. The main point of it is to benefit and stimulate the market around the Ethos company.
Ethos’ virtual Wallet helps you store other accounts, personal keys, and cryptocurrencies, all in a single toolbar. Through the Ethos liquidity network, you can manage your cryptocurrencies located in your Wallet, enabling you to deposit, withdraw, send, or exchange any of your assets with cash.
From your mobile or web browser, all Ethos services are available. The platform highlights ease of use, including “one-time diversification,” which enables you to diversify your risk and portfolio instantly with a single click.
Ethos Wallet security
In Atomic, only you have full access to your funds. Atomic Wallet uses on-device intelligence and stores all private keys on your computer or/and smartphone. Your privacy is well-protected with the password you set and a 12-word mnemonic seed phrase. Atomic is a decentralized wallet for crypto management; all your keys never leave your device. Funds are secured and encrypted. Your private keys never leave your device. Built-in exchange and multi-blockchain support.
How does Atomic work?
Atomic Swaps is where the Wallet gets its name from. As the Atomic swap ecosystem evolves, it will be a significant crypto game changer. The swaps are decentralized and do not require a third-party to make the transaction.
Atomic swaps work cross-chain and, which secures you and your partner from any possible threats. Fees are also decreased, so there is no need to buy/sell tokens for the first time on an exchange, that will take a significant cut of your profits.
The Atomic Wallet currently supports BTC, LTC, and QTUM only atomic swaps, but the team works on adding additional coins for atomic swaps.
Security of the Atomic Wallet
Private keys are stored in your System: Atomic gives full ownership of private keys to the clients, as we never keep them on their servers. Alternatively, the keys can be kept on the computer of the user. Therefore, each user gets a special mnemonic keyphrase that governs access to the account. This is a second protective layer that helps consumers to have full control of the Wallet.
Registration Free Application: Atomic Wallet, being a serverless application, does not allow its users to login. As such, it does not retain private personal data and does not rely on third parties to initiate payments on its behalf. It increases the safety of the site.
Enhanced Encryption: All links and processes by default, run in encrypted mode, and all the data it sends is encrypted as well.
To create your Atomic Wallet, follow these four steps:
Step 1: Download the Atomic wallet app on your device.
Step 2: Upon successful installation, click the ‘Create’ button and choose a solid password that will be the first layer of protection for your account
Step 3: Once you have set your password, the Wallet will automatically generate a 12-word backup phrase (mnemonic phrase) and prompt you to make a copy.
Step 4: After copying the keyphrase, you have the Atomic Wallet account ready to use. Please note that for your crypto assets, each atomic wallet address will be automatically generated from the mnemonic seed sequence. If you lose the seed, you won’t be able to recreate or recover the Wallet in case of PC loss or failure.