Exclusive: Interview with Team Behind Open-Source Decentralized Wallet — O3 Wallet
With the rapid influx of users and investors into the cryptocurrency industry courtesy of the ongoing bullrun, having a safe and dependable digital currency wallet has become more important than ever. While there is no dearth of cryptocurrency wallets in the industry, identifying the ones that can be trusted with your precious digital assets could be a daunting task for some.
Fortunately, there is O3 — a leading asset management wallet that lets users manage, exchange, stake, and buy their favorite assets.
Available on both iOS and Android platforms, O3 Wallet lets users seamlessly manage multi-chain assets such as Bitcoin, NEO, Ether, Ontology, among several others. Further, O3 also functions as a DeFi gateway via its fully integrated dAPI which makes accessing DeFi services a seamless task.
BTCManager recently got the opportunity to speak with the team behind O3 Wallet. The interview follows below.
Interview with O3 Wallet Team
What separates O3 Wallet from its competition? What are its top features?
First of all, O3 Wallet is an open-source decentralized wallet. Users’ assets are always under their control. Secondly, O3 Wallet is based on high-quality basic chains such as Bitcoin, Ethereum, Neo, with a user friendly interface that supports multiple wallets in one place. Third, O3 always focuses on the user’s needs. We provide the service to purchase cryptocurrencies by fiat currency and credit card. We also provide swap functions and high-quality DeFi services, so users can manage their encrypted assets without leaving O3 Wallet. Last but not least, we have full software releases on every major platform including android, iOS, Windows, macOS, Linux.
Tell us a little about the team behind O3 Wallet
O3 Wallet is one of the earliest and most popular light wallets in the Neo ecosystem from O3 Labs, which was established in Tokyo in 2017 and is one of the early crypto wallet development teams in the world. At present, our team members are mainly based in Tokyo, New York, London, Singapore, Taipei, Shanghai, and other regions. O3 Labs has been focusing on providing professional crypto asset management tools and services. Currently, we have provided wallet services for 100,000+ users.
How does O3 Wallet preserve user privacy? (about security)
As a 100% Non-custodial wallet, we never store user personal information on our server. Users own their data without any login or registration. You can create many wallets if you want or import with your private keys/Mnemonic which only you know. Moreover, we implemented the most advanced code security audits to better ensure the safety of user assets. We are proud that there are 0 records of attacks since we began offering crypto wallet service!
Tell us about O3 Wallet’s integration with decentralized finance (DeFi)?
DeFi innovation has brought many practical applications to the industry and has truly promoted the development of open finance. We also actively support this aspect. O3 Wallet is the first wallet to support the DeFi projects on Neo Ecosystem, such as Switcheo and Flamingo. Recently we also support some high-quality DeFi projects on Ethereum such as Uniswap, Sushiswap, and Compound. Every O3 user can easily participate in the DeFi world by one click.
What are some of the major milestones achieved by O3 Wallet in recent times?
There are three milestones in the development history of O3 Labs. The first one is the release of the Neo light wallet — O3 wallet in Tokyo in 2017 and supported Ontology lately. The second one is the support of fiat currencies (USD, Euro) and credit cards to purchase cryptocurrencies (including BTC, NEO, ETH). The last one is as a multi-asset wallet to support mainstream assets such as BTC, ETH in 2020.
Staking cryptocurrencies for passive income is all the rage today. How can O3 Wallet users take advantage of the staking service? What cryptocurrencies does it support?
We already support several staking services such as Ontology, Flamingo, and Switcheo. In the following months, there are two main goals of development: First is to fully support Neo3 allowing users can stake and vote inside O3 Wallet directly. The second is to develop our own swap functionality including stake, swap, token, vote, etc. We are committed to providing better- decentralized management services so that every need for users’ encrypted assets can be met in O3 Wallet.
What’s in pipeline for O3 Wallet in 2021?
2021 will be the year when O3 Labs brings the greatest innovation and change. In brief, we will bring surprises in the following directions.
● Release of O3 Swap, an aggregation protocol that allows users to trade more easily.
● Integrate cross-chain protocols, and provide interactive services between different chain assets.
● Create a closed-loop of encrypted asset management and optimize the experience of buying encrypted assets with fiat currency/credit card. Cooperate with regional authority agencies to allow users to exchange fiat currencies more easily and compliantly.
Tell us a little more about O3 Wallet’s security mechanism?
Security is our first priority. We believe a non-custodial wallet can decrease asset risk. In O3 Wallet, assets are stored on the blockchain instead of a wallet. Your assets never leave your control, only you have your private keys. In this way, it is difficult for hackers to attack our server to access your asset. At the same time, we allow users to login with Face ID, Touch ID, or wallet password to ensure phone-layer security. Additionally, we also implemented the most advanced code security audits to better ensure the safety of user assets. We are proud that there are 0 records of attacks since we began offering crypto wallet services.
Do you have any messages for the O3 Wallet community?
After rebranding in August 2020, a new telegram community was established and now has 3,000+ members. We thank users for their trust and support, as well as the maintenance of admins. Now the telegram community is where we mainly communicate with users. We hope to better understand the needs of users and optimize O3 wallets in the process of daily interaction with them.
If you had to give one reason for users to use O3 Wallet, what would it be and why?
O3 Wallet is a 100% non-custodial and multi-chain wallet with a friendly interface and high security. Users can simply buy, transfer, exchange assets, and participate in various DeFi projects directly on O3 Wallet. Our own swap function is also developing now. We believe in the near future, users can complete all encrypted asset management without leaving the App.
