A native Layer 2 cryptocurrency wallet is being built by the team, according to a recent tweet from Paw Chain’s Twitter account.
Its code name, PAWallet, was revealed in the tweet. Users will be able to keep their crypto assets securely thanks to it. For owners of PAW, the native token of the Paw Chain and the PawSwap DEX, which is presently under construction, the wallet will also feature a technology “to interact peer-to-peer off-chain.”
Additionally, the tweet indicated that the developers are working on a wide variety of extra features for their wallet. Other information has not yet been disclosed.
Following the SHIB team’s announcement that they were developing their own customised cold storage wallet for their ecosystem, the Paw Chain team revealed that they were developing their own wallet.
U.Today reported in March that the PawSwap DEX intended to start burning PAW tokens to start reducing their supply in circulation. There was a statement made concerning PAWBURNS’ impending release.
Paw Chain Aggregator released
According to U.Today, Paw Chain proudly announced the debut of an aggregator earlier this week that enables users to conduct swaps across current liquidity pools.
By adding transaction fees to each transaction processed by this aggregator, developers will be able to burn PAW tokens.
The aggregator’s code has now been forwarded to CertiK for an audit. The Paw Chain team announced last week that CertiK has authorised the newly constructed PAW staking interface, stating that the code complied with its specifications and standards.
PawSwap (PAW) down 4%
The PAW price has decreased by around 4% during the last 24 hours, according to statistics from the CoinMarketCap platform. This comes after the currency had an increase of 7.2% yesterday. It was announced at the same time when the aggregator for burning PAW tokens was launched, as noted.
As of the time of writing, PAW is trading at $0.00000002906 and is already down 4.09%.
