For years now, Santa Claus has sat on his throne as the fastest being on the planet – able to gift presents to billions of people across the entire globe within a single busy 24 hour period. Well, Jigstack is proud to be able to announce an option that’s even faster! With cryptocurrency becoming more and more mainstream as each day passes, they are beginning to feel bad that Santa Claus isn’t able to send crypto-based gifts to anyone! Imagine if Santa could deliver gifts to everyone in the world, instantly, without even leaving the north pole. No more expensive laundry bills from all those dirty chimneys, no more mummies kissing Santa Claus, and no more getting fat from milk. With JWallet’s “Santa” gifting solution, old St Nick can simply auto-send any crypto asset (on Ethereum and Polygon for the launch) to his entire email or phone database with a single click of a button. Future versions of JWallet will include more coins and more chains. No-coiners will receive a simple link which will open a wallet that’s already holding the gifted cryptocurrencies. Imagine avoiding the Christmas rush and sending Ethereum or any altcoin (we like $STAK) to everyone on your Xmas list. On top of that, you can also set a reminder for all your family and friends’ birthdays!
As an added bonus to JWallet, it is also built on the Polygon network, saving you fees this holiday season!
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Send the gift of crypto with Santa 🎅
Santa, by JWallet, is the easiest way to give the gift of crypto. Using just an email address, you can effortlessly send any token to anyone worldwide (NFT coming soon). If the person who receives the gift doesn’t have a wallet, no problem, your gift is sent with easy instructions on how to claim it. From your very own web browser, you can use Santa to send crypto to friends, family, or even as a donation or payment. Set reminders for birthdays and holidays. All decentralized!
With cryptocurrency becoming more mainstream as each day passes, it is their mission to help Santa Claus give the gift of crypto! Their elves have created the infrastructure to allow everyone in the world to enjoy crypto-based gifts, regardless if they have a wallet or not. That’s the real joy of crypto!
On top of this, they have given you the ability to further customize your gift. You can create a custom message and attach files, such as images, gifs, and videos. There is no better way to introduce friends and family to cryptocurrency than by sending them a personalized crypto gift.
Save time, save effort, and help to grow crypto adoption by auto sending wallets containing crypto to all your friends and family through Jigstack Wallet.
The future is bright with Polygon
Jigstack is thrilled to be part of the ongoing growth and expansion of Ethereum’s DeFi ecosystem. Within this ecosystem, Polygon has emerged as the leading platform for Ethereum scaling and infrastructure development. It offers developers easy access to all major scaling and infrastructure solutions. Polygon’s scaling solutions have seen widespread adoption with 700+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured
Polygon’s core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:
- Secured chains: Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Secured chains are a good fit for applications that require the highest level of security.
- Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally are fully in charge of their own security, i.e. with their own validator pool. Stand-alone chains offer the highest level of independence and flexibility, with the tradeoff of a normally lower level of decentralization and security. These chains’ architecture can be adjusted so they at least partially inherit security from Ethereum. One good example of such architecture is the aforementioned Matic POS Chain which uses Ethereum for validator staking and periodical finality checkpoints.
At the time of writing, the minimum transaction fee on the Polygon network is just 30 gwei, compared to a standard transaction on $ETH costing as much as 140 gwei, that’s a saving of over -78%.
But there are other benefits too – speed is greatly increased by transacting off the Ethereum blockchain. A standard Polygon transaction is complete in a matter of seconds compared to as long as ten minutes on Ethereum directly. While many of them have become accustomed to these wait times, newcomers to the world of DeFi will surely feel more at ease with the improved experience that Polygon provides.
If you’re a frequent user of Ethereum-based products you’ve potentially racked up thousands of dollars in gas fees over dozens of transactions. This is simply the cost of interacting on one of the most proven and secure blockchains with the strongest network effect in the crypto world. Polygon will provide meaningful savings to existing users of the Jigstack ecosystem, but also help to further drive their goal of mass adoption by retail investors looking to get involved in DeFi and Jigstack ecosystem.
As their integrated suite of products are incrementally configured for Polygon, think of the many advantages: more frequent compounding for higher JSTAK accrual, less gas fees when participating and claiming tokens in an IDO (increased ROI), a larger NFT collection, and much more!
To sum up, Polygon provides benefits to their valued community members by reducing costs, boosting transaction speed, facilitating increased product utilization, making the ecosystem more attractive to newcomers, and all while maintaining the strong security that Jigstack values so highly. Now that’s a win-win for the future of DeFi and the Jigstack DAO.
How to send a (multi) gift
With Santa, you can effortlessly send multiple gifts to multiple people. They call this their MULTI GIFTING feature. This is the first of its kind, and revolutionary in the DeFi space. On the same gifting screen, and with one transaction, you can add multiple email addresses, messages, total amounts and different currencies. Each email needs to be validated first, so the coins will either be transferred directly or sent to the escrow account.
Actions by the gifter:
- Log in to wallet.jigstack.org using your MetaMask wallet (how to set up matemask wallet and Polygon network)
- Follow the website prompts to verify your email address
- Choose the Ethereum or Polygon network – they suggest Polygon to avoid high gas fee (how to bridge STAK from Ethereum to Polygon)
- Send crypto to the recipient’s email address (or more) – you’re done!
Actions by the receiver
- You will receive an email from Jigstack Wallet notifying of a crypto gift available to claim
- The crypto gift is held in an escrow wallet until you verify your receiving email address
- Log in to wallet.jigstack.org with MetaMask and follow the website prompts to verify your email address
- A smart contract will automatically forward the crypto gift from the escrow wallet to your newly created wallet – you’re done!
When you access Santa in JWallet, you will see three tabs; Sending Gifts, My Gifts, and Gifting Transactions.
In the screenshots below you can see Santa’s intuitive design. Here you can fill in the recipient’s email address, the coin you want to send, and the amount. In addition, you can customize the message by adding personalized texts and pictures – this is your gift to your friends/family, so they want you to have freedom to express yourself.
This is the section where the wallet owner can access the gifts they receive. They have also added a new indicator to alert you when you receive a gift. If you have an existing JWallet, you will be able to immediately see the gift.
Here you can track your gifts. Check the email address, the message, and if the gift has been accepted.
What if someone receives a gift who doesn’t have a crypto wallet?
If you send a gift to someone who does not yet have an Ethereum/Polygon wallet, your gift is kept in an escrow wallet. The gift is only distributed when the receiver verify his/her email.
How to send a gift via email verification:
When you are ready to send your gift, you will first complete a simple email verification. Once your email is verified, you can add the recipient’s email address, the type of crypto, and the amount. Then hit: Send! Easy as that. The JWallet platform, before sending the gift, has a validation to check if the receiver’s email address is already attached to an account if the email is verified on their database.
— If the email is already verified and linked with an existing wallet, the gift amount is directly transferred to the receiver’s wallet
— If the email address is not recognized by the system, then the amount is sent to an escrow wallet (secured by multi-sig). Until the receiver verifies their email address, it’s held in the escrow wallet.
The sender also receives a notification when they create the gift email and the amount is transferred to their account from the escrow wallet.
This is just the beginning for JWallet. With additional features, integrations, and updates, they will be a premier mass adoption tool. You can expect surprises, airdrops, and contests. This gifting feature of the JWallet is currently named Santa. For the next holiday there will be a new name. This is a totally innovative product in the crypto world and it will remain decentralized. The user will always remain in possession of their own funds
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- Stakbank integration
- Browser add-on wallet
- Jigstack products Integration
- Milkshake integration
- jSTAK integration
- Fee cashback and JWallet tiers
- Mobile Wallet
To provide their $STAK holders even more utility, they will be integrating Stakbank, the staking platform for the Jigstack ecosystem, directly into the wallet! This will allow users a seamless and efficient experience as they participate in the various staking options Stakbank has to offer. JWallet will provide an ability to add funds to the $Stak Pool and provide an easy way to stake LP tokens.
This is unprecedented in the crypto space, as it is the first time users can stake a token directly from their wallet, with no need to stake it from an exchange. This will be possible with the integration of the Stakbank platform directly into the jWallet. It will give their users a decentralized and trustless way to stake their tokens.
The jWallet will become the portal for all the major activities that occur on the Jigstack platform.
Jigstack’s vision is to bring back wholeness, simplicity, and understanding to the users. The Jigstack protocol aims to do this by developing a suite of productive flagship DeFi products that are all governed under a single Decentralized Autonomous Organization (DAO). Jigstack is positioned as the DAO of DeFi. The platform is the “One Stop Shop” for everything DeFi, and on top of that, it offers an interactive and interesting interface for users thereby allowing them to easily understand each product and how to interact with it, thus gaining exposure to the DeFi ecosystem in a safe and effective manner.
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Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
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