$MOD is a reward token to create long-term incentives for participants and projects on the Modular Wallet ecosystem. The Modular Wallet ecosystem operates on Arbitrum One Chain, a Layer-2 scaling solution designed to improve Ethereum Smart Contracts through speed, reduced transaction costs, and more privacy. $MOD is mainly a reward for users, and developers, and for fee redistribution meaning users of the Modular Wallet app can earn the token while buying or selling any token. You can also swap it across different assets on the Arbitrum blockchain. The token is currently listed on CamelotDEX and SushiSwap(Arbitrum), which has custom-built liquidity models to support builders and initiate real yield. You can purchase $MOD at current prices on the decentralized exchanges it is listed on, or obtain it through staking rewards and on-chain swaps with other tokens.
A Bit About Modular Wallet
$MOD is a utility token serving the Modular Wallet ecosystem. Modular Wallet is a mobile self-custodial wallet that allows users to retain full custody of their assets, provides seamless access to DeFi products, and offers limitless opportunities for scalability. The Modular Wallet (MOD) token is designed to power and augment all features and processes within its ecosystem. Users can use the MOD/USDC pair to create liquidity for the token through yield farming or staking and benefit from passive income. You can also do cross-chain swaps using $MOD and get rewarded with MOD tokens for token sales or purchases. Experts behind the token are currently developing a Lender Staking Contract whose module will allow users to stake and earn $MOD if they participate in the contribution and provision of USDC to the liquidity pool providing more liquidity to the MOD token and solidifying operations for traders.
Bringing self-custody wallet functionality to ArbitrumCryptoLists.com
Modular Wallet (MOD) is a highly scalable and low-cost utility token running under the Arbitrum network. It is the native token for the self-custodial Modular Wallet and is used primarily as an incentive for developers, users, and fee redistribution. $MOD currently has a total supply of 96 Million. Modular Wallet recently launched its Initial Wallet Offering (IWO), a SoTA type of token sale, allowing investors to purchase the MOD tokens via the Modular mobile wallet directly. This move scrapped all token holders from the Arbitrum protocol directly. The initial circulating supply of the token comprises around 10% of the total supply and is distributed as follows; 5% for private sale and advisors (vested tokens), 5% for rewards, 3% for growth, team, and infrastructure (partially invested), and 2% for market making. Users of the token have the convenience of trading on the go using the Modular Wallet app available for Android and iOS devices. You can purchase $MOD on supported decentralized exchanges such as CamelotDEX and Arbitrum's SushiSwap. Besides being used as an incentive, users can stake the MOD token in liquidity pools to earn income or trade $MOD with other currency pairs.
Utility of Modular Wallet?
$MOD is the native token for the mobile-based Modular Wallet. Its primary function is maintaining and boosting all products and elements around the Modular Wallet app.
MOD token facilitates rebates over cross-chain swaps within the app.
The token is also used for liquidity provision, currently on the CamelotDEX Nitro pool. $MOD is also used to incentivize the ongoing development of modules for external developers that want to partner on building blocks.
You can earn rewards in $MOD for simply trading tokens via the Modular Wallet. Furthermore, MOD tokens can be traded against other currency pairs for profits by predicting the state of the cryptocurrency market.
The token's supply of 96 Million has been allocated to in-app wallet incentives (28%), team (20%), private sale (15%), growth and infrastructure (15%), IWO, and initial circulating supply (10%), market making (7%), and advisors (5%).
Modular Wallet Price details
ARB Contract address: 0x244ae62439c1ef3187f244d8604ac2c391ef2b53›› Details & Tokenomics
Advantages of Modular Wallet
+ You can trade MOD on some decentralized exchanges.+ Access permissionless transactions with the token.
+ Incur low transaction costs
+ It offers faster and more secure P2P transactions.
+ You can stake $MOD in liquidity pools for rewards.
Disadvantages
- There are limited exchanges listing $MOD- The token has low liquidity being fairly new with few users.
- Can't perform single staking using $MOD.
- The token currently does not yet support external wallets.
- Very new so still developing and subject to high volatility.
Costs
▪ Rated at 9/10$MOD utilizes the Arbitrum network which offers fast and low-cost transactions. Its transaction costs mainly depend on your preferred exchange.
SushiSwap charges a standard 0.3% for token swaps via its network. During swaps, there is an automatic allocation of trading fees for $MOD purchases from the MOD/USDC LP with half of the fees going directly to the user and the other half to the Modular treasury thus creating buying pressure on the $MOD.
A $MOD token cashback is issued to users for every swap on CamelotDEX, 1inch, or Oxyprotocol platforms. Modular users also receive a 10% discount on trading fees.
Reputation and Buzz
▪ Reputation rated at 7.5/10▪ Buzz rated at 8.5/10
The MOD token has created quite a buzz since its launch. Many users were skeptical of its future following its failed launch on Uniswap v3 though it re-emerged bullish after being hosted on CamelotDEX.
$MOD is still fresh in the crypto market with potential for massive growth mainly due to its underlying Arbitrum protocol that offers fast, secure, and low-cost transactions.
Its native mobile-based self-custodial wallet is another plus contributing to its popularity and adoption. The token promises its users more advancements in use cases and infrastructure which, if successful, will see $MOD achieve massive success.
FAQ
Where can I trade my $MOD tokens?
The most popular decentralized exchanges for trading the MOD token are SushiSwap and CamelotDEX. You can also find the token on 1inch and Oxyprotocol platforms. See below for exchanges where we know for certain you can find it.
Can $MOD be staked?
You can stake the MOD token in liquidity pools for passive income generation. Currently, $MOD allows Staking only on the CamelotDEX Nitro pool.
History of Modular Wallet
15th December 2022 - Modular Wallet (MOD) launches its Initial Wallet Offering with the $MOD token made available for purchase directly through the Modular Wallet.
27th December 2022 - Modular Wallet (MOD) announces its road map for January/February and March/April.
3rd January 2023 - Apple approves Modular's TestFlight beta version for iOS providing users with $ETH and $MOD balances for sending and receiving assets, access to the IWO launchpad module, and the ability to create multiple wallets.
Screenshots from Modular Wallet
