Based out of Taiwan and Singapore, DIINGO, which has already almost sold out in its current private presale phase, focusses on the integration of cold wallets with mobile devices using Bluetooth technology, making crypto trading accessible and safe from almost anywhere.
The first of its kind?
DINNGO also says it is the first exchange to enable two step-verification with the mobile device and cold wallet. Security breaches and hacks have become rife since the start of cryptocurrencies in centralized exchanges, and DINNGO looks set to address the problems that surround it, including safety, transaction time and wallet interface. There are still problems with decentralization of exchanges as often, there are limited coins available and hence limiting traders.
Solving safety, transaction times and wallet interface issues
As a solution for safety, DINNGO has created an integrated approach with multiple cold storage wallet hardwares such as MetaMask, Trezor and Ledger. The startup has also established a two-step verification process between the mobile app, the cold storage wallet and the exchange. To address slow transaction speeds, the exchange has created a smart transaction matching engine, which, when tested, has decreased the time taken for a transaction to be finalized.
A hybrid exchange has been created to improve the usability experience with a light mobile application that is downloaded easily and intuitively. DINNGO has identified the deep integration of cold storages, smart transaction matching engines and customized trading experiences as the areas where improvements have been made.
Changing the way people trade crypto?
In an article on usethebitcoin.com, DINNGO founder, Hsuan-Ting-Chu said: “We want to provide a secure, efficient and reliable exchange that can deliver all the peace of mind that comes with a decentralized exchange and the user experience of a centralized exchange. The way our mobile app integrates without cold wallet is unique, and we think it can change the way people trade crypto.”
DINNGO’s ICO will last around one month. The minimum buy-in is 0.1 ETH and 1 ETH is equal to 2125 DGO. The total supply is 200,000,000 DGO. For more information and to see the DINNGO’s whitepaper, visit https://dinngo.co/.