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Introducing the CoolWallet Pro For Enhanced Staking, DeFi, DApp, and NFT Support

CoolBitX has released the CoolWallet Pro hardware wallet, a premium addition to the CoolWallet series that promises military-grade security and unprecedented convenience to bridge professional users with the evolution of digital assets.


Taipei, Taiwan — 20 May 2021

CoolBitX, the blockchain security company and creators of CoolWallet, the world’s original bluetooth-enabled hardware wallet, today announced the release of CoolWallet Pro—an all-in-one cryptocurrency wallet that will offer advanced users increased coin support and expansive staking features. This will allow for a more dynamic interaction with decentralized finance (DeFi) protocols, through the convenience of a mobile app, while being protected from malicious actors with enhanced military-grade security. 

The CoolWallet Pro provides secure staking support for Polkadot (DOT), Cosmos (ATOM), and Tron (TRX) at launch, as well as enhanced features to facilitate the support of DeFi protocols, NFT collectibles, DApps, airdrops, and other emerging crypto products and services.

DeFi, Dapp, and NFT in-app integration will be available for CoolWallet Pro users in Quarter 3 of 2021, while support for other leading smart contract-based networks like ETH 2.0 and Cardano (ADA) are also on the roadmap for 2021. 

CoolWallet Pro is now available to order through the official CoolBitX website and selected retailers, and orders will be fulfilled from 24 May 2021.  You can refer to https://www.coolwallet.io/retailers/ for the full list of official retailers.

Michael Ou, CEO and founder of CoolBitX:

“Our goal since 2014 has been to foster the mainstream adoption of crypto assets. Today, this vision is being realized for the cryptocurrency industry thanks to the continued adoption of Bitcoin and the proliferation of innovative financial products and services such as Proof-of-Stake (PoS), DeFi and DApps that are creating compelling new use cases for cryptocurrency ownership and redefining the way we view digital assets. 

Our CoolWallet community has  demanded a bridge to participate in this new economy, that matches and even improves the security and convenience they are used to with CoolWallet S. We are extremely proud to make this a reality with CoolWallet Pro, working with our staking infrastructure partners Staked and other trusted partners during this historic period of digital asset adoption to allow users to spend, lend, borrow, and invest their tokens at their leisure anytime, anywhere, thus maximising the value of their crypto assets.”

Michael Ou, CEO and founder of CoolBitX

CoolWallet Pro: What’s New?

New features of the CoolWallet Pro include:

Staking functionality

Users can now stake cryptocurrencies to mine PoS coin rewards, including PolkaDot, Tron and Cosmos

Additional coin support and staking: DOT, ATOM and TRX

In addition to Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Stellar (XLM), Binance Coin (BNB), Tether (USDT), and all ERC20 tokens, the CoolWallet Pro will also support these 3 staking coins at launch:

  • Polkadot (DOT)
  • Cosmos (ATOM)
  • Tron (TRX)

CoolWallet Pro will support all new coins planned on the roadmap such as ETH 2.0, Tezos (XTZ) and Cardano (ADA).

Upgraded security: EAL6+ Secure Element

CoolWallet Pro boasts an improved secure element, the CC EAL 6+ military-grade hardware security chip (which permanently locks away the private key), featuring unsurpassed industry security standards, as well as multiple authentication mechanisms.

These biometric verifications include:

  • PIN code,
  • biometric verifications
  • and a physical confirmation button press before a transaction is authorized. 

CoolWallet Pro vs CoolWallet S: How are they different?

An important question that our users want to know is why CoolBitX created the CoolWallet Pro. Well, the answer is pretty simple. As the cryptocurrency industry continuously innovates and evolves, so should we. To stagnate and rest on your laurels in the field of crypto security and cold storage is simply not an option.

With new innovations like DeFi, NFTs and Dapps on multiple new networks exploding in popularity, we needed to ensure we don’t only look after our existing customers, but also advance the limits of what cold storage devices are capable of. This desire to continuously create something new is part and parcel of CoolBitX culture and runs like a golden thread through the short but storied history of the CoolWallet.

The CoolWallet was first introduced by CoolBitX in 2014 as the world’s first bluetooth-enabled hardware wallet, later to be replaced by the CoolWallet S which has sold over 200,000 wallets worldwide since, and has gained global recognition through several awards including the winner of the ‘Product Design’ category by Aite Group’s 2019 Digital Wallet Innovation Awards. Charlie Lee, the creator of Litecoin, has also given his official endorsement of CoolWallet S. 

With the addition of the CoolWallet Pro to the pioneering line of CoolWallet products, crypto users now have two distinct choices to cater to their needs:

CoolWallet_Pro
CoolWallet Pro (launched in 2021)
CoolWallet_S
CoolWallet S (launched in 2018)

CoolWallet Pro

A premium hardware wallet that complements sophisticated users’ crypto needs with advanced crypto storage and software features that covers all new scenarios of crypto usage in the realms of staking, DeFi, NFTs and Dapps.

CoolWallet S

For the basic crypto HODLer, providing an affordable, fuss-free tool to hold, sell, buy and trade the top cryptocurrencies and ERC20 tokens with enhanced security and convenience.

Both the CoolWallet Pro and S will continue to deliver on the original mobile hardware wallet’s core value proposition: allowing their users to enjoy superior cold storage through the convenience of a mobile app, while being protected from malicious actors with military grade security. 

Design

The CoolWallet Pro offers an updated and contemporary fresh new look that accentuates its sleek original form factor and streamlines the cold storage device with a sunken confirmation button. This complements the proprietary benefits of the original CoolWallet well.

Both the CoolWallet Pro and CoolWallet S boast a tamperproof (thanks to patented compression technology), waterproof, and flexible physical design with an exceptionally long battery life of at least  2-3 weeks.

Additional Information

  • Michael Ou, CEO of CoolBitX, is available for media interviews
  • The very first co-branded CoolWallet Pro model released with Taiwanese crypto exchange BitoPro will be available to pre-order via the official BitoPro website on June 1st.

About CoolBitX

CoolBitX Ltd. (CBX) is an international blockchain security company building the next-generation infrastructure necessary to maximize digital asset adoption. Founded in 2014 by Michael Ou and backed by SBI Holdings, CoolBitX provides solutions for a rapidly-changing blockchain industry in order to foster the mass adoption of virtual assets through its two product lines: CoolWallet S and Sygna. For more information on CoolBitX, visit https://coolbitx.com/.

  • CoolWallet S is a credit card-sized hardware wallet that allows for Bluetooth-enabled pairing with users’ mobile phones.
  • The Sygna line of regulatory compliance products are tailored toward Virtual Asset Service Providers (VASPs), simplifying the compliance efforts of VASPs through the use of effective and secure technology.

In February 2020, CoolBitX raised USD $16.75 million in a Series B funding round that was led by Japan’s financial group SBI Holdings, with participation from the National Development Fund of Taiwan and Japanese financial group Monex.

CoolBitX received industry recognition last year for its continuous innovation, when it was included in CB Insights’ Top 50 Blockchain companies of 2020

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