Cryptocurrency Wallet Jaxx Announces Support for Cofound.it-Approved Tokens
Blockchain projects listed on Cofound.it will see their tokens automatically approved for integration into Jaxx, a multi cryptocurrency and digital token wallet. A new partnership formed between the two companies is intended to support and promote "the best and most innovative projects in the blockchain space" by improving their token's liquidity.
"This will mean the crypto community has immediate access to hold, transmit, and swap some of the world’s best cryptocurrencies natively and securely within their Jaxx wallet," said Jan Isakovic, CEO and co-founder of Cofound.it.
Singapore-based Cofound.it provides a blockchain-powered platform that connects startups with investors and experts for funding and advice. It aims to create "a full startup ecosystem, using the power of the blockchain to fuel interactions," Isakovic told Reuters.
"We believe that the key advantage of token crowdsales are not funds collected, but the fact that the funds come from engaged supporters. They act as evangelists and early adopters, helping fuel very fast initial growth when compared to traditional startups."
The platform intends to become the place where the best startups in the blockchain industry go to expand their potential and find investment. It would also be a venue where experts with proven track records offer their expertise, and where investors go to find the best projects to support.
Cofound.it distributes its own cryptocurrency called CFI, which holders can use to pay for services on the platform such as early access to listed token crowdsales, and project submission. CFI are also used to pay partners and experts who participate and contribute on the platform.
Besides Cofound.it tokens, others that will launch directly into the Jaxx wallet include Santiment, Maecenas, Musiconomi, Digital Assets Power Play, and X8currency, the companies said.
Anthony Di Iorio, founder and CEO of Jaxx and Decentral, said the partnership with Cofound.it "gives a stamp of approval to the currencies and projects hosted and trading within our ecosystem."
"We are confident that through our partnership with Cofound.it, Jaxx will help to bring greater stabilization and further growth to the entire blockchain community via our universal command center for universal technologies which is needed to mature the nascent crypto market," he added.
Jaxx is currently undergoing a significant platform expansion with more tokens integrations to come in the near future. Jaxx currently supports Bitcoin, Ethereum, DASH, and Litecoin, among other cryptocurrencies.
The wallet also enables crypto-to-crypto exchange with in-wallet conversion via Shapeshift.
About Diana Ngo
Diana Ngo is a freelance fintech, blockchain news writer based in Cape Town, South Africa. She has worked for French- and English-language online publications, covering fintech, blockchain technology and digital currencies. Diana joined CoinJournal in June 2015.