Bitcoin and Cardano’s ties are strengthening by the day!
Tokeo – the Cardano-centric “Super dApp” with a smart wallet at its core – plans to leverage the BOS Grail bridge to help turn cryptographically secured BTC on Cardano into a reality.
This is a critical step towards transforming Cardano into a seamless application layer for BTC holders. At last, projects in the broader crypto ecosystem are starting to work together with Bitcoin.
Extending Bitcoin With Cardano
Cardano took the crypto world by storm last month after it was revealed that BOS would transform the blockchain OG into an application layer for Bitcoin.
Through Grail, BOS is providing the basic infrastructure for Cardano to plug into Bitcoin using zero-knowledge tech, allowing BTC holders to move their assets into Cardano with decentralized, cryptographic integrity for the first time.
The relationship between these chains is extremely complementary. On one hand, Bitcoin is a $1.8 trillion ocean of liquidity that’s rapidly growing as institutions and nation-states adopt the asset. On the other hand, Cardano has a tiny asset base next to Bitcoin, yet boasts advanced privacy and DeFi that Bitcoin holders have long desired.
The Cardano community has recognized the size of this opportunity, with founder Charles Hoskinson now wishing to make it “the dominant platform for Bitcoin DeFi.” Still, much work needs to be done to make that vision a reality, including seamless integration with Cardano’s wallets and dApps.
That’s where Tokeo comes in.
Tokeo: The Next Generation Power DApp
Tokeo is an easy-to-use platform for onboarding the Cardano ecosystem, and will be a touchpoint for the community to use BTC on Cardano. At its core is smart wallet technology for Android and iOS, which will soon be integrated with BOS’s Grail bridging technology.
Tokeo lets you send, receive, swap, and sell digital assets in just a few clicks, offering a Cardano DeFi experience once foreign to Bitcoiners. It also lets you showcase your NFTs, and gives users timely updates on their transactions. The wallet has multi-chain support with Cardano live, and Bitcoin coming soon, and features customizable themes, DePin and yield aggregation, and gamification with Tokeo XP.
The app will be a leading touchpoint for Bitcoiners interacting with the Cardano ecosystem through BOS. Tokeo will also support BOS by promoting it to new projects within the Cardano ecosystem, and to drive usage of the Grail bridge through its interface.
BOS and Tokeo’s strategic integration is positioning Cardano as a go-to hub for Bitcoin DeFi in the BOS era, and is helping return Bitcoin and crypto into a seamless whole. Welcome Tokeo to the BOS family!
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