Another newly launched Vietnamese blockchain wallet, ambitious to compete with C98, Metamask

On February 20, 2022, RICE Wallet – a fully decentralized cryptocurrency storage wallet (Non-custodial Wallet) was officially launched, users can download it for free on Appstore and Google. Play. RICE allows users to store assets and directly participate in the world of blockchain, DeFi without the need to use additional 3rd party applications.

Blockchain technology and the crypto exchange market are growing at a strong rate and decentralized finance (DeFi) is the most prominent application of Blockchain and is considered the future of finance. Currently, there are many decentralized finance applications (DeFi Dapps) available in the market, providing powerful financial tools to users, including Lending, Staking, Farming, AMM applications, etc. However, the majority of these DeFi applications are only being used by experienced people and are difficult to access to the masses.

Add a newly launched Vietnamese blockchain wallet, ambitious to compete with C98, Metamask - Photo 1.

With the aim of helping new people access the world of decentralized finance (DeFi) as well as solving user experience difficulties on current DeFi wallets, RICE Wallet was officially born.

Over 100,000 users on launch day

With a smart launch strategy, RICE Wallet immediately had 100,000 app installs on the first day of launch, now there are more than 500,000 wallets created on RICE after 2 months, an average of more than 20,000 users per day, of which the highest day up to 74,000 people.

At this time, RICE has completed many useful features and integrated 4 most popular blockchain networks: Ethereum, Binance Smart Chain, Polygon, Avalanche. Users can view charts and buy/sell assets on DeFi easily directly via RICE Wallet without going through decentralized exchanges.

Add a newly launched Vietnamese blockchain wallet, ambition to compete with C98, Metamask - Photo 2.

The difference lies in the user experience

As a completely decentralized wallet, RICE does not store user passwords or any other assets. This application is highly appreciated by users for its simplicity and ease of use. This is suitable even for those who do not have too much knowledge about blockchain technology. Security is also a top priority for RICE through the simultaneous cooperation with 3 famous security partners in the blockchain field, Certik, Cystack and Verichain.

In particular, in the early stages of development, RICE Wallet users are implementing a gas refund policy (transaction fees on the blockchain network) up to 30% for users when transacting on RICE Wallet.

Currently on the market, the most prominent blockchain wallet applications are still Metamask (USA) and C98 (Vietnam). If Metamask has the advantage of being a pioneer, C98 has the advantage in diverse features. Now RICE Wallet focuses on user experience to create highlights. The fact that there is one more wallet application built entirely by Vietnamese people is a good sign for the blockchain technology development platform in Vietnam.

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