Binance-backed CoralApp launches new gadget for web3 users with passive income opportunities

As a researcher with a background in blockchain technology and decentralized applications, I’m excited about CoralApp’s latest offering – the Coral Phone. With an estimated 6.84 billion smartphones currently in use and projected to reach 7.1 billion by 2024, tapping into this massive market with a web3-enabled device is a bold move.

CoralApp, a Binance-backed web3 platform, has introduced its new product, the Coral Phone.

Using this debut, Coral aims to reach the enormous market of approximately 6.84 billion active smartphones currently in existence. This figure is projected to surge to around 7.1 billion units by the close of 2024.

As a crypto investor, I’m excited about the latest tech development I’ve come across. A new smartphone is set to hit the market soon, boasting advanced AI technology combined with web3 capabilities. This game-changing combo is expected to democratize access to decentralized finance (DeFi), GameFi, and SocialFi for the average user. In simpler terms, it means that we’ll be able to enjoy the benefits of these innovative crypto sectors right from our mobile devices – no need for complex setups or specialized knowledge!

In addition to providing standard smartphone functions, the Coral phone is engineered to effortlessly integrate with decentralized applications (dApps) and decentralized physical infrastructure networks (DePINs).

With a smartphone, users have the ability to interact with Decentralized Finance (DeFi) platforms and access functions such as investment management, cryptocurrency trading, and generating returns on digital assets, all in one convenient location, without needing extra gadgets or supplementary apps.

As a crypto investor, I can tell you that one of the features I truly appreciate about this phone is its ability to support multiple blockchain networks. This means I can easily engage with various cryptocurrency ecosystems directly from my device.

Users can earn passive income through DePIN services by utilizing the Coral Phones’ integrated functionality. This option is adjustable; users have the power to turn it on or off at their discretion.

An alternative emphasis lies in integrating decentralized social platforms and facilitating web3 games directly through the mobile device’s infrastructure.

As a crypto investor and user of decentralized platforms, I can say that the beauty of these networks lies in the fact that I have full control over my data, unlike traditional social media where my information is often used without my consent for targeted advertising or other purposes. At the same time, these platforms offer me the chance to monetize my data through various means.

“According to CoralApp’s Medium post, their goal is to create a digitally enriching experience that is both captivating and empowering for users.”

As a crypto investor, I can tell you that my digital assets and their corresponding private keys are safeguarded in the Coral Vault, which is an integrated storage solution on my phone. To ensure maximum security, this wallet employs several hardware-based features. Specifically, it uses Advanced Encryption Standard (AES) encryption, Secure Element (SE), and Trusted Execution Environment (TEE). In simple terms, these features act as layers of protection, making it difficult for unauthorized users to access my valuable crypto investments.

In addition, this device is equipped with a sophisticated biometric verification system, enabling both fingerprint scanning and facial recognition capabilities.

As a crypto investor, I would describe this device’s hardware features in the following way: This gadget boasts a large, vivid 6.55-inch AMOLED display that brings my investment data and digital assets to life with stunning clarity. It’s powered by Qualcomm’s top-tier Snapdragon 8 Gen 3 chipset, ensuring smooth multitasking and quick response times as I navigate through complex financial data or execute trades. The battery capacity comes in at a substantial 4800mAh, giving me the peace of mind that my investment app will stay charged throughout the day, even during intense trading sessions.

From a software perspective, the smartphone is equipped with Coral OS version 1.0. This operating system is based on Google’s Android platform, specifically Android 14.

When this product is released, customers can sign up to secure their spot and purchase one of the initial 2000 units for a price of $1,500, which equals 1500 USDT.

Delivery is expected to be within six months from registration.

The Coral Phone will go head-to-head with devices such as Solana Labs’ Saga smartphone and the Web3 smartphone from Jambo in collaboration with Aptos, serving as their main rivals.

At its debut, there was a huge rush for Solana’s Saga phone in the US market, resulting in a complete sell-out. Nevertheless, this device has received significant backlash and been derided as the “flop of 2023” by popular tech YouTuber Marques Brownlee.

Read More

2024-07-01 12:32