CoralApp Debuts at Thailand's Jinse Finance Block Storm: The Ultimate Gateway to the Web3 Ecosystem

Cyrpto FrameJul 26, 2024

CoralApp Debuts at Thailand's Jinse Finance Block Storm: The Ultimate Gateway to the Web3 Ecosystem

On July 25, 2024, CoralApp made a stunning debut at Thailand's Jinse Finance Block Storm, delivering an impressive presentation. As the first smartphone and mobile ecosystem designed for multi-chain environments, incubated and invested in by Binance Labs, CoralApp brings the innovation and convenience of Web3 to every user. It aims to become the ultimate gateway to the Web3 ecosystem by offering seamless multi-chain cryptocurrency management, decentralized applications, and fully on-chain gaming experiences.

DePIN Track: A Market Born from Opportunity

In the first part of the presentation, the CoralApp team detailed the market size of the DePIN track and emphasized the importance of smartphones as the best medium. With the rise of Apple and Android ecosystems bringing mobile internet into households worldwide, CoralApp hopes to bring Web3 to the masses through its innovative mobile solutions, achieving true user connectivity.

Competitive Landscape: The Battleground for Web3 Smartphones

Saga (Solana) has sold 300,000 smartphones, with users receiving 30 million BONK airdrop tokens upon purchase. The total orders for the first generation of Saga phones approached 10,000, and the second generation saw over 30,000 pre-orders within 30 hours, according to Dune data.

Additionally, Jambo (Aptos) has sold over 400,000 smartphones, showcasing the thriving development of the Web3 smartphone ecosystem. Web3 smartphones have become a battleground for major blockchains. Some blockchains are directly involved, while others support the ecosystem indirectly. From 2007 to 2023, global smartphone sales have shown continuous growth. GSMA's latest report indicates that by the end of 2022, over 4.6 billion people were actively using mobile internet, with around 4.3 billion owning smartphones. The growth of the Web3 market provides customized features for DePIN, DeFi, SocialFi, and GameFi, further driving the demand for Web3 smartphones.

CoralApp Market Advantages and Highlights

Solving the Pain Point of Fake Data in Web3

The Coral OS phone ecosystem can exclude farming bots, connecting only real users. This helps partner projects address the current issue of fake data in Web3.

Strong Background and Regulatory Endorsements

CoralApp has been deeply incubated by Binance Labs and holds compliant operating licenses and documents in multiple regions worldwide. This strong background and regulatory endorsement enhance CoralApp's brand image and provide reliable assurances for users.

Value of Coral OS Phones

Users who purchase CoralApp phones can receive airdrops from premium projects, including star projects, Binance-affiliated projects, and listed projects. The phones also offer opportunities for airdrops, mining, and passive income. Users can earn through integrated Web3 services.

Global Deployment

CoralApp has factories in Indonesia, Laos, Zimbabwe, Bangladesh, Japan, and South Korea. The Indonesian factory has received praise from the local government and customers. CoralApp is committed to promoting transformative digital lifestyles through its educational section, achieving widespread Web3 social benefits.

Technological Advantages of CoralPhones

CoralApp phones support not only Ethereum but also multiple EVM-compatible chains, such as Zora, Base, Arbitrum, Optimism, Blast, BNB chain, and Zircuit. Future support will extend to non-EVM chains like Bitcoin, Solana, Aptos, Sui, and public chains developed based on Cosmos SDK and Polkadot Substrate, realizing a truly all-chain ecosystem. With built-in light clients, CoralApp phones enhance the user experience of blockchain interactions, reducing dependence on third-party services and providing a trustless blockchain experience.

In terms of security, CoralApp phones use multi-party computation cryptography to protect digital assets, introducing biometric technology and independent security chips to ensure the highest level of protection for users' private keys and transaction data.

Regarding multi-chain interoperability, CoralApp phones come with a decentralized application marketplace where users can browse, download, and use various DApps directly from their phones. This marketplace supports community reviews and user feedback, bypassing the regulations and unreasonable profit-sharing of existing centralized app markets. To promote ecosystem growth and innovation, CoralApp offers a range of developer tools and APIs, encouraging developers to develop and optimize their applications. The Coral community will provide forums, workshops, and bounty tasks to facilitate interaction and cooperation between developers and users.

By debuting at Thailand's Jinse Finance Block Storm, CoralApp showcased its innovation and potential as a Web3 mobile ecosystem to global mobile network enthusiasts and investors. Whether in terms of technological advantages, market prospects, or team strength, CoralApp demonstrated its ambition to lead the future of Web3. CoralApp looks forward to more users and partners joining them in promoting the prosperity and development of Web3.

Additionally, the first 6,000 CoralApp phones will be available for early bird pre-sale in August. CoralApp has also launched a limited-time whitelist campaign online, offering unique benefits to participants. For more details and the latest updates, please follow CoralApp's official Twitter and community channels.