Looking after your money is always important, but never has it been quite so important as when you hold cryptocurrency.
Why? Because cryptocurrency is the perfect target for hackers, scammers and phishers. It’s completely online, largely misunderstood and fairly untraceable. If a malicious user can get their hands on your private information, they’ll take your crypto and you’ll never see it again.
That’s why cryptocurrency holders do their absolute best to keep their funds as secure as possible. One of the best ways to do so is to keep your funds offline, so your private information is not accessible via the internet.
However, Ngrave noticed that many wallets that offered offline storage still required online connection at some point in the process, which weakened the overall security of the device. Not only that, but in general maintaining a good level of crypto security is challenging. There are a lot of confusing aspects of crypto security to get your head around and just one mistake could have huge consequences.
That’s why Ngrave created the NGRAVE ZERO, a next-generation hardware wallet that has just achieved a monumental feat – raising €385,000 ($432k USD) in pre-sales.
The ultimate campaign goal
The NGRAVE ZERO has been raising money on Indiegogo in a campaign that has recently closed. In total the campaign raised €380,000 from 1,225 backers from more than 70 countries that are all keen to level up their crypto security standards in just one month.
To commemorate the achievement of crossing the €385,000 mark a new colour became available for all campaign backers to choose, Boundless Gold. For just €29 extra campaign backers have the opportunity to obtain this limited edition colour on their NGRAVE ZERO. This makes it the most successful hardware wallet crowdfunding pre-sales campaign for a hardware wallet ever, vastly outperforming numerous other hardware wallets that are now known brands.
Alongside Boundless Gold are the following options: Obsidian Black (no additional cost), Emerald Green (no additional cost), Glacier White (no additional cost), and Frozen Silver (+19EUR).
What’s all the fuss about?
Now we’ve seen how much of a stir the ZERO is causing in the crypto community, it’s time to take a closer look and study why exactly people are so interested in this new hardware wallet.
For starters, the ZERO has the highest security certification of any cryptocurrency hardware wallet on the market – an EAL7 certification. It’s the only crypto wallet currently available with this certification.
The wallet is 100% offline, something that isn’t true for many other hardware wallets. To send transactions you use a QR code to communicate between the ZERO and a smartphone, which ensures the ZERO is never connected to the internet.
Furthermore, the wallet is tamper-proof. The wallet will automatically erase data if it determines it is being tampered with, which ensures your funds are safe even if a malicious individual gets a hold of your wallet.
Finally, the ZERO is incredibly user friendly, a key point for the NGRAVE team. It’s got a 4 inch touch screen and an intuitive user interface which makes sending, storing and receiving crypto an absolute breeze.
NGRAVE has hosted the most successful hardware wallet pre-sale campaign to date by some margin. It’s therefore clear that the market is both hotly anticipating this new product and also desperately in need of a better hardware wallet solution.
It will be interesting to see how NGRAVE can carry this momentum forward and see how the NGRAVE brand will shape over time.
The Daily Chain
*This article has been sponsored. The Daily Chain encourages you to carry out your own research before you make any form of investment and educate yourself about how to stay safe in the crypto space.