DiveWallet Gets Ready for Its Token Launch on the Spark Launchpad

DiveWallet is a cross-chain wallet that aims to make the crypto market more accessible and give more security to traders. While the wallet will be available in Q3 2022, the project will soon launch its native token on the Spark Launchpad.

The debut on the Spark Launchpad – happening onMarch 5^th – is one of the milestones in the roadmap of DiveWallet. The works began with the whitepaper’s publication, followed by the first development operations. The private sale

After the website went live, the private sale allocated 10% of the total $DWT supply (equal to 1 quadrillion tokens). The Spark Launchpad operation coincides with the increase in marketing activities by the team, targeting the growth of its community.

At this point, the team explained that the pre-sale would give another opportunity to the market. Specifically, traders will be able to buy up to 29% of the available tokens. The operation represents a preliminary act before the actual launch of DiveWallet’s main product.

The DiveWallet team just completed a fullsmart contract audit with InterFi, to gain investors’ trust.

What will DiveWallet look like?

Once it is ready, DiveWallet will provide two sets of features: some accessible to all users and some available for “Pro” holders. The latter category will include all the traders owning at least 500 million $DWT tokens.

This group of investors will, among other features, enjoy the chance of receiving notifications during a dusting assault. Furthermore, the team explained that these traders will be able to instantly disconnect their crypto wallets from dApps with one click.

The developers will allow “Pro” users to set an automatic disconnection function from web3 addresses.

Moreover, we know that several functionalities will be available regardless of the amount of $DWT anyone holds. For example,DiveWallet’s whitepaper mentions the possibility of gathering price data from various sources.

Traders will manage to keep track of their wallet’s Dollar-Cost Average value and obtain a visual representation of their investments. Investors will benefit from a further layer of security by activating alerts when their wallets connect to a web3 address.

What else do we know about $DWT?

Besides the combined 39% allocation between the private and pre-sale, the team will burn one third (33%) of the supply. This strategic move should help the project sustain the price floor of the token. The choice of putting 22% of $DWT in a liquidity pool goes in the same direction.

The remaining 6% of the tokens will go to the team’s wallets and help fund development operations. Furthermore, each transaction will lead to the application of a 15% tax. The fee will help DiveWallet reward its community of holders, granting $BUSD reflections to them.

Rewards will take 13 percentage points of the tax, with the remaining 2% serving to increase liquidity in the system.

Future developments

Following the imminent launch of $DWT on the Spark Launchpad, the team will work on completing the core development activities. The founders expect to distribute the first reflections to the community during Q3.

Simultaneously, the buyback andburning operations will begin, a process that will grow in intensity during Q4. Finally, the wallet will see an upgrade with the implementation of additional features.

DiveWallet’s technology and marketing teams are in the United States. However, the team hopes to expand its business and establish a global community of users. While we wait for future developments, readers can keep up with DiveWallet by joining its online community on: