The Shiba Inu team has confirmed via an official tweet that Tangem, a Swiss-based crypto hardware wallet company, is creating unique cold wallets exclusively designed for the Shiba Inu (SHIB) cryptocurrency. Interested users can start placing pre-orders for these wallet cards starting May 29.
Shiba Inu’s Tangem Wallet Versatile Solution For 6,000+ Cryptocurrencies And DeFi Applications
According to information from Tangem’s official website, the Tangem SHIB Wallet reportedly supports over 6,000 diverse cryptocurrencies. Additionally, it offers a range of decentralized financial (DeFi) applications like decentralized exchanges (DEXs), crypto lending services, and non-fungible tokens (NFTs). Notably, the wallet is free and does not require users to provide personally-identifying information.
Tangem stated that the development of the product involved collaboration with Shiba Inu Swap, suggesting that it will likely incorporate changes beyond its external appearance. Although details are scarce, the tweets have sparked enthusiasm within the Shiba Inu community, indicating high demand and potential sell-out once pre-orders become available. Besides supporting the SHIB token, the Tangem SHIB wallet will also support ecosystem tokens like LEASH and BONE when launched.
Lucie Sasnikova, a well-known Shiba Inu marketing team member, tried to describe some wallet characteristics.
“The card is based on a highly secure Samsung element, and if properly preserved, the wallet can withstand temperatures ranging from -35 to 50 degrees Celsius for up to 50 years. In fact, the card is so durable that it is one of the few hardware wallets to have received an IP68 certification — thus proving it to be one of the most durable cards in the market,”
Features of the Tangem SHIB Wallet
SHIB holders can rejoice as the cold wallet is reportedly designed in a manner resembling a standard credit card, offering convenience through smartphone management. This wallet provides portability and user-friendly functionality and includes a “smart backup” feature, safeguarding investors and holders from potential loss of wallet access. With its impressive features, the cold wallet generates excitement for its potential and the significant role it will assume upon the launch of Shibarium on the mainnet. Users can utilize the hardware wallet without needing external batteries or cables, relying solely on their mobile devices.
This is accomplished by replacing the seed phrase with extra cards that act as a backup source. As a result, Tangem Wallet is often offered in packs of two or three cards.
Furthermore, users don’t need to provide their data for the card to operate. The card has been verified as secure following an independent assessment conducted by Kudelski Security and obtained EAL6+ security certification. Additionally, the card incorporates Near-field communication (NFC) technology to enhance its functionality.
SHIB Price Movement
Shiba Inu is known for responding to events like this as a meme coin with maximum growth momentum. However, once the pre-order date was revealed, the SHIB price indicated a decline of 1.87% within the previous hour while showing a decline of 0.63% over the past twenty-four hours and currently traded at $0.000008700.
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