Users of Kirobo’s Liquid Vault are now able to get a detailed breakdown on any supported coin, including its credibility and recent trading volume, straight from their vaults
Kirobo, a decentralized application developer focusing on making DeFi as user-friendly as online banking, partnered with Evai, an AI-driven decentralized crypto asset rating platform.
The feature greatly bolsters the solution’s user experience offered, outfitting it with smart tools that help investors and traders in their decision-making process. Besides a shared client base and investment opportunity agreement, the partnership includes a plethora of mutual integrations, bringing the users of Kirobo’s Liquid Vault built-in instant analytics on all supported coins.
“We started using Kirobo’s services and were immediately impressed by the quality of its security and user-friendly interface. We provide crypto traders with an unbiased source of information about their tokens, and Kirobo provides the means to safely store and transfer those tokens,” said Matt Dixon, Co-Founder and CEO of evai.io. “We expect this partnership to propel both companies from strength to strength over the coming years.”
The total number of cryptocurrencies ever launched neared 8,000 as of late 2021, making for a vast ecosystem to explore. At the same time, a plethora of recent scams saw investors lose money on coins launched by scammers. In late 2021, scammers used the popularity of Squid Game, a hit Netflix series, to steal over $3 million in the Squid Coin rug pull. Other notable recent scams include Snowdog memecoin, which saw about $30 million snatched in a suspected rug pull, and Luna Yield, which took $6.7 million out of backers’ pockets.
Kirobo brings its users an extra safeguard against scams and deceptive market trends of this kind by integrating Evai’s Power Rating into its Liquid Vault and Safe Transfer interfaces. Evai’s machine learning algorithms use nine key indicators, including liquidity, market sentiment, volatility, utility, and behavioral bias to rate assets on an 11-step alphanumerical scale between A1 and U. Based on Nobel Prize-winning research, the rating represents an assessment of the asset’s risk level and long-term value, enabling crypto traders and investors to make more informed decisions. Kirobo will also add support for EVAI, the partner’s native token, to its products, and integrate the company’s future features into its products.
Evai, for its part, will feature Kirobo as a partner on its platform and support its product with a cross-promotion program. It will also integrate Kirobo’s solutions into its future products, thus greatly expanding their reach. On top of that, both companies will share relevant clients, strategic partners, investors, and marketing efforts, and join each other’s advisory boards.
Kirobo’s Liquid Vault is a decentralized application (dApp) that hosts a suite of services that make the DeFi ecosystem accessible, safe, and user-friendly. Its features include:
- Backup: A feature enabling users to set a backup wallet that will seize control of the vault after a predefined period of inactivity.
- Inheritance: Also using a timer, this feature distributes assets from the vault to predefined “heirs,” providing a non-custodial solution to cryptocurrency being lost due to unexpected death.
- Dapp Connect: Users can connect the Liquid Vault to any external dApp with Wallet Connect capabilities. Money earned through these activities enters the vault and is protected.
- Safe Transfer: An ‘undo button’ for crypto transfers. Enables users to cancel a transaction until the moment the counterparty confirms it with a password sent through a separate channel.
“Crypto investors must always keep their finger on the pulse,” says Asaf Naim, CEO of Kirobo. “While the task may be too tough for a human, advanced machine learning tools like Evai make it way easier. This collaboration brings a whole new level of utility to our offering, granting our users an all-around network that helps them keep their finger on the pulse and invest with deep, data-driven market insights.”
Both Kirobo and Evai.io are active in the thriving crypto ecosystem of the UAE, and this partnership will serve to strengthen the position of both companies there. Saqr Ereiqat, Managing Partner of Crypto Oasis Sentio, an early-stage token fund that invested in Evai and Kirobo, said: “Our mission is to support the best talent with smart capital and optimized infrastructure. We created an ecosystem of investments where we foster collaboration. Evai and Kirobo are both developing a safer future for cryptocurrency users globally. We are excited to have been able to facilitate this partnership.”