Tectum SoftNote: The Best Noncustodial Crypto Wallet

With the mobile app beta launch only a few days away, Tectum is highlighting some top features of this user-centric blockchain wallet. More so, these functions will be available for testing in the soon-to-be-launched application.

The Best Noncustodial Crypto Wallet: Top Feature of Tectum SoftNote Wallet

Tectum SoftNote is the most intuitive crypto wallet because it offers more than just the regular features. This product is part of a comprehensive FinTech solution that fosters the use of Bitcoin for retail payments. To better appreciate this blockchain-based financial services solution, we must examine all its components.

Without further ado, here are the features of Tectum SoftNote – the most intuitive crypto wallet

Wallets

There is no better place to start than the wallets themselves. You are probably wondering why it says “Wallets” instead of a single wallet. This is because there are multiple wallets within this crypto wallet, all of which play various important roles.

First off is the regular crypto wallet, containing various cryptocurrencies in their different networks. We split them to enable people to send the right tokens via the correct network. Individuals can still transfer crypto to another network before sending it. Away from the regular crypto wallets, we have the SoftNote Wallets, where people can access their SoftNote Bills.

This is the section where people can ascertain how much liquidity they have left on various SoftNote Bills. Finally, the X-Port segment enables people to import SoftNote Bills from other platforms to their SoftNote Wallet. For those still unaware, users can purchase Softnote Bills from different crypto exchanges. For proper management, the X-Port allows them to import these Bills into their SoftNote Wallet.

Mint House

Speaking of SoftNote Bills, new Bills originate from the mint house. The mint house is where individuals can create new Tectum SoftNote Bills. This is also the place to add liquidity to newly-minted or already-existing Bills.

The Mint House is divided into Green and Blue Bills. While the Blue Hub contains SoftNote Bills of tokens in their native blockchain networks, the Green Hub is for cryptocurrencies stored and transferred on the much cheaper T12 network.

Besides minting and filling SoftNote Bills, people can burn them to recover the tokens in their regular form. To enable better portfolio management, the Mint House also contains the history of all SoftNote Bills minted, filled, received, handed over and burned.

Staking

Next is the staking segment, where users can lock their tokens under a smart contract and earn fixed rewards after the agreed period. The lock period ranges from as brief as 30 days to as long as 180 days.

Currently, only Tectum Emission Tokens are available for staking on the most intuitive noncustodial wallet. With a minimum stake of 10 $TET, users are guaranteed up to 20% annual percentage return on their investment. Those who lock their tokens for longer will get even more

Nonetheless, Tectum will be adding more tokens with various reward plans with time. There are plans to incorporate coins of projects incubated in Tectum Labs.

Payments (Softnote Pay)

SoftNote Bills are a major component of the Tectum SoftNote ecosystem. Therefore, you will hear about it more often. The payment section, as its name states, is where people can make or receive payments in SoftNote Bills.

Individuals can send SoftNote Bills from the Green or Blue Hub to their friends, family, or merchants. The payments section allows people to choose the network through which they want to send the Bill. Similarly, they can also request payment in SoftNote Bill, and select the type of Bill they want to receive.

Tectum will incorporate SoftNote Pay into this section for seamless Bitcoin payments. Individuals will be able to connect their crypto virtual cards to this section to enable them to pay for products and services. This product will have an auto top-up feature that credits user accounts with funds from their wallet whenever their balance is low.

Merchants

This is the section for entrepreneurs and business owners who want to accept Tectum SoftNote as a payment method., They will enjoy a 0.1 commission and instant payments for all their services. The best part is that merchants will get an electronic point-of-sale system from Tectum.

These business owners can add multiple ePOS to one account, enabling them to manage several outlets from one account. This section makes accounting easier, as merchants can gauge the terminals receiving the most payments.

There is support for accounting and taxes, which are crucial for maintaining business operations. Think of the merchant section as an operational software that ensures businesses thrive.

The Most Intuitive Noncustodial Crypto Wallet: How Tectum SoftNote Compares to the Best Option

Metamask remains one of the most renowned crypto wallets, with more than 30 million users globally. Despite being less popular, Tectum SoftNote edges this blockchain wallet in numerous ways.

First, Tectum people can send and receive cryptocurrencies through their email address, Tectum ID, and public key on SoftNote. On the other hand, Metamask typically uses public keys to receive funds. Furthermore, Metamask does not have a dedicated staking section. Instead, people have to connect their wallets to DeFi staking pools.

This process exposes people to several risks, as cybercriminals can steal the tokens stored in the user’s wallet through phishing.

The simplicity of Tectum SoftNote makes it the best noncustodial crypto wallet. Metamask can be confusing, as people have to manually add various blockchain networks for storing cryptocurrencies. Alternatively, SoftNote Wallet simply separates the tokens people receive into their respective networks. No need to manually add blockchain networks.

The Best Noncustodial Crypto Wallet: Why Everyone Must Switch to Using SoftNote

As mentioned earlier, Tectum is set to launch the SoftNote mobile app beta in September. This is a premium opportunity for new and existing users to elevate their cryptocurrency experience.

Join the waiting list and become one of the first people to test this application when it goes live in September. There are very limited slots available and you cannot afford to miss out.

In the meantime, create a SoftNote account via the website and familiarize yourself with the web app. This will guide you on using the mobile application when it goes live.