AirMoney to Launch Depin Hardware wallet ‘Degn’ at TOKEN2049

AirMoney is set to unveil a game-changing product that redefines how users interact with cryptocurrencies and the decentralized ecosystem on September 18, 2024, with the launch of the AirMoney Degn device at the TOKEN2049 event in Singapore. Degn will be the world’s first hardware device designed specifically for a DePIN (Decentralized Physical Infrastructure Network) environment .

The AirMoney Degn Device, in its creation, seeks to move beyond the traditional concept of crypto wallets, which focus solely on secure storage. Instead, this AirMoney Degn device creates a new category in the market in the form of an interactive, standalone ecosystem that combines security with functionality.

It manages to do this by integrating features such as gaming, trading, and node operation, among others, into the device. The sole reason for doing this is to enhance the way users engage with the decentralized world with their hardware.

Users of the AirMoney Degn device will be able to join the network and start earning tokens through the Proof of Activity (PoA) as they come with pre-installed nodes. As such, users are in a position to do more than just store their digital assets, as they can now actively contribute to the network and earn rewards while at it.

To enhance its functionality, AirMoney has partnered with top-of-the-game blockchain networks and decentralized application (dApp) providers to ensure that users have seamless access to a wide range of decentralized services directly from their devices.

In addition to that, the AirMoney decentralized app store is pre-loaded with exclusive dApps that offer tools for various activities, from spot and perpetual futures trading powered by Bybit to AI-driven data labeling with Synesis One’s Workspace dApp.

An exciting feature that tags along on the AirMoney Degn Device is a unique physical knob that allows users to adjust leverage while trading on Bybit. This tactile element adds a new dimension to trading, making it more engaging and intuitive. Additionally, OLED-powered buttons provide a simple and efficient way to interact with digital assets.

Security is a top priority for AirMoney, and the Degn device incorporates Multi-Party Computation (MPC) technology to enhance security. By dividing private keys across multiple locations, MPC reduces the risk of unauthorized access and asset losses.

AirMoney CEO Kryzstof Gagacki stated, “The AirMoney device pushes crypto hardware beyond the limitations of passive storage. Just as the Kindle was built specifically for reading, the AirMoney Degn Device is built specifically for crypto—a gateway for users to immerse themselves in the decentralized economy, actively trade, stake, and earn from a single, powerful device.”