Coffee Wallet is a blockchain-based platform. The platform claims to provide cryptocurrencywallet services as well as portfolio functions. The portfolio function allows users to store and access their digital assets. According to the whitepaper, Coffee Wallet aims to provide its customers with real-life use through the platform’s services. Monetizing network fees by being independent of third-party providers is one goal of the Coffee Wallet platform. Integration of advertisements within the platform is another aim of Coffee Wallet.
Users can spend their tokens on the go by using Coffee Wallet. Additionally, users can keep offline track of all their digital assets. As per the whitepaper, the intended user of the platform is a person who wants to both exchange or hold on to their digital assets, as well as spend the assets for real-life requirements. Besides being utilized for common cryptocurrency-related services, Coffee Wallet provides a “Send via Message” activity. This activity allows users to transfer digital tokens to those who do not own a wallet. These features can have possible adaptations in the real world by making cryptocurrencies a store of value.
The Coffee Wallet platform has been kept decentralized in order to make it secure. The platform services cannot access the private key of a new customer, so withdrawing funds can be restricted for others. The platform can be used for storing multiple digital assets and tokens, while also being used as a portfolio for 2,000 coins.
Coffee Token (CFT) is the native ERC-20 token used for the services and features of the Coffee Wallet platform. The token is released using an initial coin offering (ICO) strategy. The CFT token is designed to enable users to participate in voting activities and also to access Coffee Wallet services. Holding CFT tokens allows users to purchase ads on the platform.
