p/tori-the-simplest-crypto-wallet
The self-custodial crypto wallet for everyone.
Kaito Cunningham
Tori β€” The simple mobile crypto wallet even your mom can use
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Tori is the simplest way to access crypto: 1. FaceID: Create, manage, & execute transactions with your FaceID. 2. Connect with Plaid: Instantly deposit USDC with your bank account. 3. Access Aave: Tori lets you earn an average ~8% APY (30 day average).
Replies
Kaito Cunningham
Hey everyone! Since the last bull market, crypto has undergone rapid, powerful improvements: 1. Account abstraction and wallet experience improvements: You're now able to abstract away gas, chains, and tokens so end users don't need to care about what's going on in the backend. 2. Blockchain scalability: Blockchains (with the rise of layer two's and Solana) have now made crypto actually useable - both in terms of speed (near instant finality), and cost (sub-cent transactions). 3. Stablecoin maturity: It's no question that tokenizing assets on public ledgers are a clear way to democratize assets to important financial instruments in society. Stablecoins have hit rapid growth, with over 160B worth of stablecoins issued (USDC and USDT). We've taken all of these platform shifts and underlying improvements, and we shipped Tori - the next generation mobile crypto wallet that anyone can use, whether it's people already in crypto, to people who've never touched crypto in their lives. Here's a bit more info on Tori: 1. No private keys or seed phrase management: Instead of writing a complicated seed phrase with Metamask and other self custody wallets, you can now just use your FaceID to create and manage your wallet. 2. Connect with your bank account: Instead of using expensive onramp providers or centralized exchanges (which break users out of their flow), you can instant deposit into Aave with Tori. 3. Access DeFi: With Tori, we're non custodial and allow you to access DeFi apps in a first principles fashion. Want to supply your assets to Aave? Click one button. We also touch more on Tori's most frequently asked questions here (https://intercom.help/utopia-lab...): 4. How the yield gets generated: https://intercom.help/utopia-lab... 5. Tori's risks: https://intercom.help/utopia-lab... 6. How secure is Tori: https://intercom.help/utopia-lab... Tori is currently only available in the US, and you can get up to $500 by using the code PRODUCTHUNT today. P.S: Try shaking Tori, and you'll also get some free Sweetgreens salad!
Yueh Han Huang
Robinhood for Crypto is very much wanted! The product explain it really well on the press launch
Abhishek Punia
Easily the best UX in crypto. Fantastic product!!
Daniela Velez
super exciting, congrats on the launch! πŸš€
Svitlana Midianko
so fun to witness your product evolve guys!
Yash Ramchandani
Congrats on the launch. I've been looking for a way to safely enter crypto but the only option I saw until now were the ETFs. But those take fees. This looks super promising. Excited to check it out
Albert
congrats on the launch, the integration with faceid and plaid seems seamless. curious to know how you approached educating users new to crypto through your platform, are there specific tools or resources within tori that help with this?
Kaito Cunningham
@mashy Yep! We try to aim for educational content within the app itself - we're spending alot of time filming "tiktok style" videos on the educational front, and have an in-depth FAQ here: https://intercom.help/utopia-lab...
AL
Smooth!
Hanaka Saito
Congrats on the launch!! Told my mom to download!
Vasily Kolosov
Congrats on the launch! I’m curious, how does Tori handle user onboarding for those unfamiliar with crypto terminology and concepts, especially as you promote Tori as the app even for my mom😁? Additionally, are there any safeguards in place for users to recover their wallet in case they lose access to their FaceID?"
Kaito Cunningham
@vasily_kolosov1 Great question! We try to aim for a balance between simplification and education. Within the product, we have a bunch of videos on how Tori works, but Tori is super simple: - Passkey support + 4337 smart contract wallet - Smooth integration with Persona for KYC - Deposit with Plaid - Works with Aaave All of the crypto is in the backend! If you lose your phone, you can recover your passkey via your Apple or Google account, more info here: https://intercom.help/utopia-lab....
Toshit Garg
Congrats on launch Tori....
Grady Smith
Love this idea! Congrats on the launch!
Ba Thien Tran
Onboarding experience looking really smooth for a crypto app! Congrats guys! What features are you planning next?
Moe Hlyan Htet
Tori is so straight forward, easy-to-use, and very user-friendly! I Love it!!