In yet another step to develop its on-chain wallet and DeFi infrastructure, a technological company, Kirobo is partnering with Evai, an AI-driven decentralized crypto asset rating platform.
With its sights set on making DeFi as user-friendly as online banking, Kirobo is constantly looking for ways to improve user experience. This partnership deal is one such way it seeks to achieve that goal. The partnership will bring the users of Kirobo’s Liquid Vault built-in instant analytics for all coins supported by the Evai platform.
The analytics will greatly improve the solution’s user experience, outfitting it with smart tools that help investors and traders in their decision-making process. In simpler terms, Users of Kirobo’s Liquid Vault will be able to get a detailed breakdown of any supported coin, including its credibility and recent trading volume, right from their vaults.
Recall that the company in December launched the Liquid Vault for its users as an access point to a complete DeFi ecosystem with a suite of unique decentralized and non-custodial services. With mainstream adoption growing, there was a need for more security to be provided for cryptocurrency tokens. In particular, the Vault provided a ready solution to the endemic issue of crypto being rendered inaccessible due to the loss of cold wallets and lost or forgotten private keys as well as erroneous transfers.
Features of the Liquid Vault
Kirobo’s Liquid Vault includes such features as:
1. Backup: A feature enabling users to set a backup wallet that will seize control of the vault after a predefined period of inactivity.
2. 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.
3. 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.
4. 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.
What to Expect from the Kirobo-Evai partnership
With the partnership, both companies will share their client base and sign an investment opportunity agreement along with conducting a plethora of mutual integrations.
Asaf Naim, CEO of Kirobo noted there was a need for crypto investors to constantly keep their finger on the pulse to keep up with the growing number of currencies. He said, “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.”
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 its reach. On top of that, both companies will share relevant clients, strategic partners, investors, and marketing efforts and join each other’s advisory boards.
Commenting on the partnership, Matt Dixon, Co-Founder and CEO of evai.io said, “We started using Kirobo’s services and were immediately impressed by the quality of its security and user-friendly interface.” Dixon noted that while Evai provides crypto traders with an unbiased source of information about their tokens, Kirobo provides the means to safely store and transfer the tokens.
“We expect this partnership to propel both companies from strength to strength over the coming years,” he noted.
Both Kirobo and Evai.io are active in the thriving crypto ecosystem of the UAE. Thus, the partnership will serve to strengthen the position of both companies there. Saqr Ereiqat, the 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.”
A Commitment to Improving DeFi
Kirobo has a mission to make cryptocurrency a daily tool that everyone can use with confidence. In pursuit of this, the company has made great strides since 2021. During the year, the company got on board notable figures Brock Pierce and Scott Stornetta to its advisory board. It also released several innovative products, including “Safe Transfer,” an unprecedented tool that allows users to cancel cryptocurrency transfers made in error.
Again, its launch of its Liquid Vault in December at the Proof of Fusion event during the Abu Dhabi Grand Prix was a grand move. That same December, the company listed its native token, the KIRO token on the
Bitrue Centralized exchange.
Following the partnership with Evai, there are suggestions that Kirobo will next be looking to integrate the Liquid Vault with leading DeFi services. These services, including DEXs, will allow its users to interact with them as they currently do with their Ethereum wallets. The project also describes a future product called an inheritance feature, which will allow users to set heirs, avoiding the issue of assets lost due to unexpected death.
About Kirobo
Kirobo is a decentralized application developer building out a suite of services focused on DeFi security and usability. With a $5 million investment from Digimax in 2021, Kirobo is working to make decentralized finance as accessible and user-friendly as regular online banking. Kirobo is the proud recipient of two grants from the Israeli Innovation Authority—the only blockchain technology company to achieve this.
For more information, visit https://www.kirobo.io/
About Evai
Evai is a decentralized autonomous organization building an AI-driven platform that rates blockchain-based digital assets based on a multitude of variables, including liquidity, community sentiment, and volatility. Based on Nobel Prize-winning research, the platform supports more than 1,000 tokens and grants crypto investors and traders data-driven insights on a plethora of assets delivered by state-of-the-art models. Evai has offices in London, Singapore, and Dubai and partnership with the University of Brighton and Peking University
(Beijing). It also manages an investment fund called EvaiStableFund that attracted more than $1 million in EVAI tokens within hours of its launch in late November 2021.
For more information, visit https://www.evai.io/
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