Due to the ever rise regarding security and exchange one might begin to ask what is the most secured way to actually safeguard your assets without the fear of waking up the next day to find liquidity issues or a certain exchange declaring bankruptcy? Well, do continue to read and I am sure you won't be let down.
It's no longer a new topic that most exchange are gradually closing due to various issues and one of the major cause is lack of liquidity to meet the users demands. Most declared bankruptcy and others simply closed exit with no possibility of users having access to their funds anytime soon or possibly never and I for one have actually experienced this so I know fully well how it must feel for users who are currently going through such phase or must have gone through one.
With the various ongoing uncertainty, one might begin to rethink their stands if crypto is all worth it or simply a fancy name without any form of backing or proof and with my experience going to 4 yeas in this space, I can fully say that it gave me somewhat of a financial breakthrough after other forms failed and one of many ways of safeguarding my asset all this while is via a self custody wallet and happy to say, PlatON Network is doing exactly this by creating partnership with self custody based wallets that gives access to $LAT holders to easily safe, store, transfer their LAT assets while also giving access to various DApps built on PlatON Network as well as their NFTs.
What is a self custodian wallet?
Wallets basically are mediums that allow users to store their assets 24/7 without any form of 3rd party interference, meaning you don't need to get a confirmation or submit any form before gaining access to them and while wallets might differ, self custodian wallets stand noticeable due to the fact that it gives full control of the stored asset to the said user via a form of security called mnemonic phrase words or private key whichever it supports.
Nabox wallet is not the first wallet PlatON Network will be going into partnership with and most like not the last either but this is a welcome advantage as it gives more alternatives for users to easily access their assets wherever they are.
If for any reason a self custodian wallet closes due to one or other issues like no maintenance fee or what have you, users can easily import their security words be it the mnemonic phrase word or private key to another self custodian wallet and in this case takes Aton wallet for example, they can easily import their security words and gain control to assets once again as if nothing initially happened and truly nothing did happen xD.
With that fact been made, this is one of the most secured way to safeguard a crypto based assets and another advantage of using a self custodian wallet like Aton, the said user can also lock their funds in any delegator of their choosing and they end up getting more returns from doing so while their assets continue to stay safe depending on whenever they decides to unstake.
For those asking about the links relating to the partnership between PlatON Network and Nabox wallet then check Here
The above was made via the official channel of Nabox wallet and it reads,
We have officially supported PlatON Network👏 @PlatON_Network
PlatON community can now secure and manage assets, dApps, and NFTs safely and easily through Nabox Wallet
As usual, don't forget to properly backup your security keys as it gives you access to your assets at any point in time and no community will ever ask of this from you, if for any reason someone did ask of this then know they are most likely trying to scam you and your next action should report such accounts to avoid other users from falling into their scams.
Until some other time, do have fun and don't forget to follow PlatONNetwork on Twitter to get every news and info relating to any ongoing and upcoming updates regarding the PlatON ecosystem.
