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End of Service Announcement for imToken 1.0

End of Service Announcement for imToken 1.0

Dear users,   After careful consideration, we’ve decided to stop providing service of the old imToken 1.5 app (as well as lower versions) starting on 11 November, 2020. We would like to advise you to update your app to imToken 2.0 as soon as possible.  The end of service for imToken 1.5 and lower will not affect the security of your assets as long as you backup your mnemonic phrase/private key/keystore safely and upgrade to the latest imToken app. Before upgrading, please write down the mnemonic phrase/private key/keystore on a physical paper, never store it somewhere connected to the internet. We submitted imToken 1.0 officially to the App Store on 11 November, 2016. Over the past four years, imToken has been serving users in more than 200 countries and regions, and achieving more than 10 million downloads in 2019 with imToken now being one of the leading wallet apps in the world. However, the blockchain space is developing rapidly, and imToken 1.0 cannot fully meet the needs of crypto asset management today. To help you exchange coins instantly and better participate in DeFi DApps and manage blockchain assets, we started to develop imToken 2.0, a multi-chain wallet in August, 2017 and officially released it at the end of May, 2018.  If you are using the old imToken 1.5 app, we strongly recommend you to download the latest version of imToken from the official website https://token.im or your favorite app store. If you encounter any problems during the process, please send an email to support@token.im. We will provide one-to-one service to help you upgrade.   imToken  10 September, 2020
2020-09-17
Our new bull market feature updates

Our new bull market feature updates

This summer is hot hot hot. Especially in the crypto markets. We have been building more features to help you cool down   If there is anything hotter than the summer sun, it must be DeFi. Born with Synthetix and really popularized by Balancer, Yam, Curve and such "liquid mining" became really popular.  Yams, sushi, kimchi and other food has been given new meaning. They have become the most fashionable conversation in crypto chat groups. Just like in 2017, some scams followed. The market highs undoubtedly put forward higher requirements for products. That’s why we have been especially focusing on Ethereum, DeFi, Polkadot. Let’s take a look 😎   Liquidity mining & cashing in - all in one place We released the Yield Farming tool: View the hands-on mining tutorials, quickly participate in popular projects such as SushiSwap, Uniswap, DODO and go to Tokenlon to redeem COMP, LEND, CRV and Sushi with one click. Also convert BTC to wBTC and imBTC in one click with our newly launched conversion tool. For example convert BTC out of your imToken wallet to wBTC and receive interest on Aave.    DeFi Zone portal 👇 Open imToken - click "Browse" - click "Liquidity Mining” Banner to enter the Yield Farming tool 👨🌾   Read more on our DeFi collection here: https://medium.com/imtoken/defi-collection-ebb73effe863    Polkadot all-in-one wallet: Transfer, staking, governance Since July 24th we support Polkadot and Kusama Since August 18th DOT mainnet transfers August 21th we supported the DOT denomination And since August 28th we support Polkadot’s on-chain governance (open sourced for the community) … get started with Polkadot and Kusama: 📲 Claim your DOTs from the DOT sale 📊 Create new Polkadot and Kusama accounts & 🔐 backup multiple accounts via one Mnemonic   … grow your balance: 💱 Send & receive KSM (& 🔜 also DOT) 📈 Check your transaction history & portfolio prices 🏛️ Staking: Bond & unbond KSM & DOT   … be part of the network: ⚖️ Vote on proposals 👨‍⚖️ View active validator set & nominate validators In short, imToken has everything you need 🎉   Transfers - The most important function, now even better No matter the market, working transfers are always most important. We recently optimized the transfers and the transaction details pages, for you to experience a more unified transfer experience. In the face of increasing Ethereum miner fees, we started using GasNow data, which helps to get the future predicted gas prices right from the miners view on future transactions currently waiting in the mempool.  At the same time, we added a "fastest" transfer option for Ethereum transfers, for your super important liquidity mining transactions to go through faster.  Of course, if you don’t care about the transaction success time, you can also use the custom mode to adjust the miner fee yourself.   How to update Android users: You can download from the official website https://token.im or at your favorite app store iOS users: You can download from the App Store   For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely: https://support.token.im/hc/en-us/articles/360013262654 https://medium.com/imtoken/tutorial-step-by-step-guide-for-upgrading-to-imtoken-2-0-dbe3b392242 If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app.   Always backup your keys! Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network; Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@token.im to prevent more people from being deceived; Please have a look at our Help Center at https://support.token.im/hc/en-us for more detailed information about imToken.
2020-09-08
Cosmos Governance Now on imToken

Cosmos Governance Now on imToken

Cosmos fans attention: The new voting tool lets you view all proposals and vote. It’s open source. Early last year, Cosmos launched the Cosmos Hub. At that time, we launched support for the Cosmos blockchain with a couple of features: https://medium.com/imtoken/new-cosmos-staking-token-transfers-now-on-imtoken-153b839a37cc Since then, we have been listening to the community and are happy to present the latest new feature: Cosmos governance on imToken. 📲 Open the Cosmos wallet in your latest imToken app and click on "Voting" to view proposals. ✅ Click on any active proposal to start voting.  🧐 The Voting DApp also shows historical votes and additional information. Or go to mintscan.io to view more details on each particular vote. We open sourced the tool: https://github.com/consenlabs/cosmos-staking-dapp . Governance on Cosmos In Cosmos, anyone can submit a proposal. After submitting the proposal, the community follows a strict governance process to decide on whether an idea will be implemented or rejected. Source: https://blog.chorus.one/an-overview-of-cosmos-hub-governance/ After the initial idea is set, a proposal needs to be funded with a total of 512 Atom that needs to be deposited within 2 weeks to discourage spamming. After the minimum deposit is reached the proposal enters phase 2 when the actual voting begins.  All holders of staked coins are now able to vote for 2 weeks (336h) with "Yes", "No", "No with Veto", "Abstain". Note that as a Cosmos delegator, your validator can vote for you, but you can always overwrite your validator’s vote. After the 2 weeks, a proposal will only be accepted if more than 40% of the total staked tokens have participated in the vote, plus more than 50% of the tokens that participated in the vote (after excluding “Abstain” votes) voted in favor of the proposal (“Yes”) and less than 33.4% of the tokens that participated in the vote (after excluding “Abstain” votes) vetoed the decision (“No with Veto”). Only if all 3 conditions are met, will the proposal be accepted. If not, the deposit associated with the denied proposal will not be refunded and instead be awarded to the community pool. Finally, after an accepted vote, the changes will be implemented. Cosmos on imToken With the new feature, imToken now supports everything you need for Cosmos: Voting on governance proposals ✅ Send & Receive ATOM (+ technically Cosmos IBC tokens) ✅ (add custom Memo and fingerprint/face-id) Delegate ATOMs and earn interest ✅ Re-delegate to other validators ✅ Withdraw of delegated ATOMs ✅ Watch rewards live in your wallet ✅ Purchase ATOM on Tokenlon ✅
2020-09-04
imToken's plan for Polkadot transfers and redenomination

imToken's plan for Polkadot transfers and redenomination

The Polkadot mainnet will soon start transfers and increase everybody’s DOT amount by a factor of 100, called a redenomination. imToken will both support the DOT transfers as well as the redenomination. imToken follows the official recommendations provided by Polkadot as follows: As a user, you only need to update to the latest imToken (version 2.6.1) via your favorite app store or directly at https://token.im/ . As long as you have the latest imToken app, we will take care of all actions and you don’t need to take any additional action. What is the difference between DOT, DOT (old) and New DOT? On approximately August 21st at 16:30 UTC (block number 1,248,328), the DOT token will undergo a redenomination from its original sale. In your wallet, the token name and price will change.  The New DOT balance will be 100x higher than your DOT (old) and the New DOT price will be 100x lower. So, your wallet will show the following two tokens: First, you will see DOT (old) token which is the earlier DOT; Later, after block 1,248,328, your wallet shows New DOT which is now 100x bigger with the same total $ value; Again, this will not affect the total USD value of your DOT holdings. Just the token numbers and names change. In case of any changes, we will notify you with another announcement. Your imToken team, August 14, 2020
2020-08-18
How to use Uniswap with imToken on your laptop or desktop computer

How to use Uniswap with imToken on your laptop or desktop computer

What is WalletConnect WalletConnect is a feature of the imToken app that lets you use desktop DApps by scanning a QR code. To establish the connection between the imToken app and the DApp on your laptop or deskto, WalletConnect works similar to scanning a QR code to login to WhatsApp web. Recent DeFi development The DeFi ecosystem has been growing rapidly over the past half year: Cumulative $100 million: 160 days $500 million: 495 days $1 billion: 263 days $2 billion: 146 days $3 billion: 20 days $4 billion: 4 days We see two reasons for this: Increase in ETH and BTC value, and second, liquidity mining. A lot of DeFi projects have recently been launching governance tokens as their own protocol tokens. Holding these tokens makes you a decision maker in questions of the protocol strategy such as which tokens get listed etc. Liquidity mining is the practice to give away a protocol token in order to attract users that in turn lock tokens in the protocol. All it takes to start liquidity mining yourself is to lock liquidity, in USDT or DAI or ETH … to start ‘mining’. That’s all it takes for liquidity mining. The DeFi sector has improved and attracted the attention of insiders as well as crypto outsiders. Compound — with it’s ‘COMP’ governance token, for example, sparked the recent liquidity mining fever in the DeFi market. Read more about COMP here: https://defirate.com/comp-distribution/ The question we would answer is, after obtaining a governance token, what’s the easy way to sell it for stable coins or ETH? Since, imToken (and other wallets) support WalletConnect, you can easily cash out the tokens using your wallet app on mobile or laptop/desktop. How to use Uniswap with imToken on your laptop or desktop computer Uniswap is a decentralized exchange in which anyone can add any ERC-20 token trading pair. This feature enables Uniswap V2 to provide good support for new currency transactions. As a result, COMP and YFI governance tokens are preferred to be listed on Uniswap and can easily be exchanged for ETH or stable currency on their DApp. First, open either open Uniswap in your imToken app, or open Uniswap (https://app.uniswap.org/#/swap) on your laptop or desktop computer. Next, click “Connect to a wallet” on the Uniswap web page and select “WalletConnect”, then use imToken to scan the QR code. After a successful connection, select the currency to be traded on Uniswap. If it is the first time you are transacting in a certain currency, you need to authorize the currency first. Choose a full or limited authorization and then confirm the transaction in imToken. Next, wait for the authorization transaction to succeed. This step will take some time, especially in times of network congestion. Use the gas fee setting suggested by imToken to avoid long waiting times. After a successful authorization, select “Swap” and confirm the transaction in imToken. Wait for the transaction to be confirmed. Uniswap will let you know when the transaction went through. Pull down and refresh the imToken asset page to see the asset update.
2020-09-17
imToken 2.6.0, officially supports Polkadot & Kusama!

imToken 2.6.0, officially supports Polkadot & Kusama!

Claim your DOTs, earn tokens by staking your KSM & DOT, send tokens on Kusama. All you need for Polkadot & Kusama 🚀 As announced yesterday, imToken wallet now supports Polkadot (DOT) and Kusama (KSM).  Read more about it in our announcement here. In short, the new features include everything you need to experience Kusama and Polkadot, we let you … … get started: 📲 Claim your DOTs from the DOT sale  📊 And create new Polkadot and Kusama accounts & 🔐 backup via Mnemonic … grow your balance: 💱 Send & receive KSM (& later also DOT)  📈 Check your transaction history & portfolio prices 🏛️ Stake/bond & unbond KSM & DOT … be part of the network: ⚖️ Vote on proposals and vote for council members 👨‍⚖️ View active validator set & nominate validators  In short, imToken has everything you need 🎉 And additional Polkadot features will be added soon. More details in our announcement here.     Address book optimization lets you manage addresses for multiple chains To send transactions on a wallet app, you need addresses. With imToken, you have been able to add your friend’s addresses to the address book.  imToken 2.6.0, we further optimized this function: Simply enter the "My Profile" page and click Address Book. To add addresses click + in the upper right corner. How to update Android users: You can download from the official website https://token.im or at your favorite app store iOS users: You can download from the App Store  For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely: https://support.token.im/hc/en-us/articles/360013262654 https://medium.com/imtoken/tutorial-step-by-step-guide-for-upgrading-to-imtoken-2-0-dbe3b392242 If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app. Always backup your keys! Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network; Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@token.im to prevent more people from being deceived; Please have a look at our Help Center at https://support.token.im/hc/en-us for more detailed information about imToken.
2020-08-11
Polkadot and Kusama now on imToken: Stake, Send & Receive

Polkadot and Kusama now on imToken: Stake, Send & Receive

Today, we are super excited to announce support for Kusama and Polkadot! Simply update to the latest imToken (in your favorite app store) and … … get started with Polkadot and Kusama: 📲 Claim your DOTs from the DOT sale 📊 Create new Polkadot and Kusama accounts & 🔐 backup multiple accounts via one Mnemonic … grow your balance: 💱 Send & receive KSM (& 🔜 also DOT) 📈 Check your transaction history & portfolio prices 🏛️ Staking: Bond & unbond KSM & DOT … be part of the network: ⚖️ Vote on proposals and vote for council members (added soon) 👨‍⚖️ View active validator set & nominate validators In short, imToken has everything you need 🎉 And additional Polkadot features will be added soon.Seriously, all the tools are here 🛠️ And if you still find something we don’t support yet, let us know in the comments! Why we are excited about Kusama and Polkadot Polkadot is going to provide a unique, new kind of blockchain for our users. Rather than one blockchain with many features, Polkadot is a framework in which many blockchains communicate with each other while keeping their own specific features: Some chains might be faster for quick transfers, others are optimized for storing value. This unique design promises faster transactions while keeping similar security promises as for example Ethereum. For us, Kusama is a first step towards Polkadot, and a chance to support an innovative network with an impressive value proposition. imToken — All you need for Kusama & Polkadot We already showed how to stake DOT and KSM in imToken. Now, let’s get into all the other features we build for you. Let’s get right into it: How to Stake DOT & KSM using imToken Vote opens the Governance and Staking opens the staking app. To stake, click on Validators and choose your favorite ones — up to 16. Claim your DOTs from the crowd sale Open Browser and click Claim Your DOTs. You might have already opened one or two or three … DOT wallets. Never mind, here you pick any of your DOT wallets to claim the DOT tokens to. And create new Polkadot and Kusama accounts & backup via Mnemonic Open your imToken app and enter your new Kusama (or Polkadot) wallet. Select a wallet, then select Manage. Add Coin to add KSM or DOT under your current main Identity Wallet.Or, click Add Wallet to import an existing one. Send & receive KSM and check your transaction history & portfolio prices Check your DOT and KSM portfolio, send KSM to your friends and check your transaction history. Later also DOT.
2020-07-24
imToken 2.5.8, support WalletConnect!

imToken 2.5.8, support WalletConnect!

You can now use your imToken wallet with any supported DApp on your desktop browser   The new imToken now with: Use desktop DApps via WalletConnect Authorize and trade without ETH thanks to Tokenlon authorization optimization Easily access the corresponding block explorer via unified entrance Talk to the user support more easily with optimized issue feedback   WalletConnect - Use DApps on your laptop & desktop computer Until now, you could only use DApps in imToken’s internal browser.  Thanks to our integration with WalletConnect, you can now use your imToken wallet with any supported DApp on your desktop browser. Simply scan the WalletConnect QR code on your favorite DApp to establish a connection between your imToken wallet and desktop browser - as simple as login into WhatsApp web or scanning any QR code: Click ‘WalletConnect’ in your desktop DApp Click the scan symbol in your imToken wallet’s upper right corner & scan the QR code Confirm Trade on Tokenlon without having to spend ETH on token authorization and transaction If you have used any DEX before, you know that a small amount of ETH must be kept in the wallet to pay the miner's fee for both token authorization as well as actual trade. The problem that we encountered is, that you might not have enough ETH in your wallet. imToken 2.5.8 solves this problem to be more friendly to new users. If you use imToken - for example - to exchange USDT for PAX for the first time, while your ETH balance is 0, you can still complete the exchange in the new version without worrying about authorization.   Easy access to your favorite block explorer for Bitcoin, Ethereum and all other chains Using imToken, you might need to check a blockchain explorer to determine transaction status. Therefore, easy access to good block explorers are precious.  With this imToken update, we unify the block browser entrance, you will find “Blockchain Browser" under "Recommended". Select your corresponding public chain and wallet to quickly check the transaction status.   Feedback: Now easier to tell us your issues and how we can improve Thanks to you - the user - we are able to constantly improve imToken.  imToken 2.5.8 now makes it even easier to ask questions and send feedback. You can receive replies or ask additional questions and view past conversation in "History Feedback", directly in the app. Enter the "My Profile" page -> “Support and Feedback” for imToken Enter the "Market" page -> Click 🎧 for feedback on Tokenlon Of course, you can also send questions directly to the user support email support@token.im We are looking forward to be talking with you :)   How to update Android users: You can download from the official website https://token.im or at your favorite app store iOS users: You can download from the App Store For 1.0 users, please follow the tutorial below to upgrade 1.0 to 2.0 safely: https://support.token.im/hc/en-us/articles/360013262654 https://medium.com/imtoken/tutorial-step-by-step-guide-for-upgrading-to-imtoken-2-0-dbe3b392242 If you face any difficulty using imToken or have any comments and suggestions for us, please submit your feedback directly within the app.   Always backup your keys! Before upgrading, please make sure that all wallet identities have been backed up properly. Please write down the Mnemonic phrase on a physical paper, never store it in the network; Please restrain from sharing your private key, Mnemonic phrase or Keystore to anyone! If you find potential hacking activities in imToken, please report to us via email at hack@token.im to prevent more people from being deceived; Please have a look at our Help Center at https://support.token.im/hc/en-us for more detailed information about imToken.
2020-08-30
How to receive Compound governance tokens COMP for free on imToken

How to receive Compound governance tokens COMP for free on imToken

Since the beginning of this year, the DeFi ecosystem has been seeing ups and downs just like in a roller coaster. The black swan event on 12th of March reduced the market value locked in DeFi protocols by 50% Hackers stole $25 million worth of assets and returned them all Less than three months later, the market value of DeFi has steadily risen to US$1 billion In this context, projects in the DeFi ecosystem have also begun to seek changes. Compound, currently the largest DeFi lending agreement, began to try to release governance rights to the entire community. All COMP (Compound governance token) holders can participate in governance through proposals, voting, etc., so that community members can contribute to the development of Compound. COMP basic information Compound plans to issue 10 million COMP governance tokens, of which 42% (ie 4.23 million COMP) will be allocated to Compound users; the rest will be allocated to investors, development teams and future uses. The 4.23 million COMP for users will be distributed free of charge. As long as you use Compound to deposit or borrow, you can get a certain percentage of COMP. The larger the deposit and loan amount, the more COMP you will get. Specific distribution rules 4.23 million COMP are placed in the "reservoir" smart contract, and will be issued at a rate of 0.5 COMP per Ethereum block (about 2880 COMP per day), which means it will take 4 years for all COMP to be distributed; COMP will be allocated to each loan market of Compound (ETH, USDC, DAI, etc.), and the ratio will be determined by the interest of each market, which means that the allocation ratio will change at any time; In each market, 50% of COMP will be allocated to depositors and 50% of COMP will be allocated to borrowers. Users can obtain a corresponding proportion of COMP according to the proportion of their assets in the market. COMP distribution mechanism How to use Compound to get COMP If you have never used Compound, please take a look at this part; If you know how to use it, please scroll down directly to "How to Receive COMP". As mentioned above, as long as you use Compound, you can get COMP. Take the Dai in imToken as an example. Open "Compound" on the "Market" page of imToken wallet, and then open Dai's authorization. Operate from left to right After the authorization is confirmed, click the Dai icon, and then confirm "Enable", and then you can set the number of Dai to be deposited in the Compound. In the example, the "Maximum value" is selected. Operate from left to right After depositing Dai, Compound will issue the corresponding amount of cDai to your address at the initial ratio of 1 Dai=50 cDai (cDai can be simply understood as a voucher, if you need to withdraw Dai at that time, the corresponding cDai will be deducted) . At this time, you can see that the interest continues to increase, and you are also eligible to receive COMP. Note: If you participate in Compound lending through a third-party application, you may not be eligible to receive COMP at this time. The specific situation needs to be confirmed with the third-party application. How to receive COMP After using Compound deposit and loan operations, we can check the number of COMP available on our address and receive it. Click "Vote" in the upper right corner of Compound, you can see "COMP balance" and "Get COMP" COMP balance: the amount of COMP that can be directly managed on the address Obtain COMP: The COMP certificate given to you by Compound (change in real time) There are two ways to convert "obtained COMP" into "COMP balance": (Recommended) As long as the number of your balance is greater than 0.001 COMP, subsequent deposit and loan operations on Compound will automatically complete the conversion without additional operations Click "Collect" to initiate a specific operation to complete the conversion (need to pay a separate miner fee for the conversion) After completing the conversion, you can view and manage COMP on the wallet homepage. Last but not least If you are a Compound user, this tutorial will give you one more way to get free tokens; if you are a new user, you need to carefully judge whether to participate.   Risk Warning: None of the content in this article constitutes any form of investment advice or recommendation. imToken does not make any guarantees or promises for the third-party services and products mentioned in this article, nor does it assume any responsibility. Digital asset investment has risks. Please carefully evaluate these investment risks and make your own decision after consulting with relevant professionals.
2020-07-31

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