As the prices of cryptocurrencies such as Bitcoin break through highs, the total market value of the crypto market has returned to US$2.5 trillion, becoming an important part of people's lives. But at the same time, an urgent question has arisen: how to manage and invest in these digital assets safely and effectively.

Faced with the series of crises in centralized platforms, many investors are turning to crypto wallets that offer complete control, superior security, and privacy protection. Among the many options, easy-to-use and user-friendly wallets are particularly popular because they can significantly improve the user's operating experience.

Plena Finance is a DeFi wallet tailored for NFTs, Metaverse and Web3. Not only does it support account abstraction and provide the convenience of self-custody, it is also one of the first wallets on the market to offer such services. Recently, Plena launched a series of task activities on the Zealy and Galaxy platforms. After completing the tasks, participants will have the opportunity to receive airdrop rewards.

Super application "Plena"

When the wallet provides When more platforms are compatible, it often needs to be designed for different platforms, which will prompt users to spend more time and energy adapting to different operating interfaces and usage logic. Unlike many crypto wallets, Plena Finance focuses on the mobile terminal and provides a simple and intuitive interface, which greatly simplifies the user's operation process, making it easy for even novices who are new to crypto wallets to get started.

When new users try to use a crypto wallet for the first time, they need to face professional terms that they may not have understood before, such as managing private keys and manually entering the transactions they want to complete. Details etc. In product design, there is a concept that cumbersome interaction steps will increase the probability of user churn.

The design concept of Plena Finance is to reduce users’ cognitive load and avoid user loss due to complex interaction steps. Plena Finance added account abstraction functionality at the beginning of the product launch. A year after the Plena product was released, Ethereum founder Vitalik Buterin released an account abstraction white paper.

Plena’s account abstraction function combines the advantages of current contract accounts and external ordinary accounts into one, allowing access to various encryption services with just one account , allowing seamless interaction with multiple blockchain networks. Furthermore, users do not need to use specific native tokens to pay transaction fees when interacting with Plena.

Thanks to account abstraction, Plena launched the account abstraction SDK "Plena Connect", aiming to simplify the connection between decentralized applications and crypto wallets. With Plena Connect, developers can easily integrate account abstraction into their applications without getting bogged down by the complexity of the underlying technology. Currently, more than 200 applications use Plena Connect.

Plena also provides login functions such as Google, Facebook, The transition of services to encrypted services becomes seamless and natural.

Plena calls itself a super app (SuperApp), because it not only provides simple wallet functions. Compared to traditional wallets, Plena provides access and management of over 100,000 cryptocurrencies without the need for manual addition and import. While traditional wallets only provide the most basic security guarantees, such as private key backups and mnemonic phrases, and attribute security responsibilities to users, Plena adds additional security layers such as trusted devices, two-factor verification, and biometric verification to further ensure that users financial security.

All wallet addresses of the same type of public chain supported by Plena are consistent, that is, all EVM compatible chains have the same address, so there is no need to worry when recharging on the chain. Wrong address problem.

One-stop platform

In addition to its account and trading functions, Plena has played its best . Plena also greatly enriches the user experience through a series of meticulous functions.

Plena has built-in Plena Name Service (PNS), which provides users with a unique ".plena" personalized domain name. This means that after using the Plena wallet, users can transfer and chat through this concise domain name, and no longer need to rely on those long strings of wallet addresses that are difficult to remember.

In addition, Plena and Banxa , Moonpay, Ramp Network and other well-known platforms have established partnerships and integrated fiat currency entry channels. Users can purchase crypto assets directly using Mastercard, UPI or transfer.

Plena also offers an all-in-one investment toolkit designed to simplify the investment process. Users can easily automate investing, develop and execute investment strategies. When users decide to create a multi-asset portfolio, investments and redemptions can be made with a single click. For users who perform batch transactions, Plena can also help them save up to 30% in gas fees, significantly reducing transaction costs.

In the future, Plena will launch its artificial intelligence model PlenaGPT. This will be a recommendation engine with personalized investment advice and market trend prediction capabilities. It will provide round-the-clock financial advisory services to help users make more informed investment decisions.

According to data disclosure, Plena has more than 170,000 users worldwide, and users have conducted more than 5 million transactions through Plena. To better promote Web3 and Plena, Plena also launched an ambassador program. The Plena Ambassador Program will be divided into levels based on the knowledge, skills and contributions of ambassadors. Ambassadors need to exert their influence on social platforms and receive certain rewards whether they answer new user questions or publish high-quality articles.

Technology-driven, funded by Polygon

Plena’s rise is not only due to its innovative technology; Benefit from broad support within the industry. During the start-up phase, Plena received funding from Polygon, which laid a solid foundation for its subsequent development. Plena subsequently joined the Cointelegraph Accelerator and ConsenSys acceleration programs. And Big Brain Holdings, Galxe, Wazirx and Shardeum founder and CEO Nischal Schetty are all Plena backers.

Plena’s founders, Sparsh Jhamb and Yajash Jhamb, both have strong blockchain development backgrounds. Sparsh Jhamb had extensive experience in blockchain development before founding Plena, having worked on platforms such as EasyFi Network, KoinFox, and Blockbrew Engineering. Yajash Jhamb is the CTO of Plena. He also has rich development experience and has programmed in companies such as Zast Logisolutions and PolicyBazaar.com in India.

Tushant Suneja is Plena COO with a background in software development and traditional finance. Worked in web software development at GS1 India and as a data analyst at Newgen servicing Citibank.

It is also such a technology-driven team that enables Plena to always be at the forefront of technology in design and development, closely matching user needs, and thus in Stand out in the highly competitive crypto wallet arena. Of course, as technology advances and user needs evolve, crypto wallets will not stop here. Future crypto wallets will allow everyone to safely and easily participate in the digital economy.

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