Thread by @Globalcoinrsrch

Live! with @imtokenofficial on the state of Chinese wallets and Chinese user behavior pscp.tv/w/cB10BTFQWEVk…

@imTokenOfficial Here are our takeaways:

1/ Wallet Landscape in China: mobile penetration is very high (esepecialy in rural areas of China where folks only use phones and not desktops)- so all crypto wallets in China focus on mobile wallet

@imTokenOfficial 2/ -some Chinese wallets are centralized because some people prefer those wallets because they don't feel confident about holding their own private keys

-wallet design in China is optimized for traders as Chinese folks mostly acquire crypto to trade

@imTokenOfficial 3/ -@imTokenOfficial is the largest wallet in China-

it's user base is reflective of Chinese crypto holders

35-40% of users are female
age 18-34

@imTokenOfficial 4/ Chinese people's in-wallet behavior:
-hodling
-trading(to/from exchange)
-many people hold very little erc20 but love participating in airdrop
-dApps - don't see much action but there as an option

@imTokenOfficial 5/

additionally:
-high resistance for users to switch/upgrade wallet

-many can't manage private keys well

-active users do 4 transactions per week

-10am and 10pm are when people are most active

@imTokenOfficial 6/
data vs @metamask_io

@imTokenOfficial has 4x more monthly active users
but mainnet transactions is less than that of metamask

primarily b/c user base of these wallets are quite different: metamask are mostly developers and dapp users, while imtoken's users are investors

@imTokenOfficial @metamask_io 7/ some more stats- 200 countriese

support-> ethereum, bitcoin, @cosmos and @block_one_

@imTokenOfficial @metamask_io @cosmos @block_one_ 8/

@tokenlon DEX is @imTokenOfficial 's new DEX- already one of the top 2 relayers built on @0xProject

-The trade on tokenlon is that what you see is what you get
-trade collision rate
-competitive rates

@imTokenOfficial @metamask_io @cosmos @block_one_ @tokenlon @0xProject 9/ dapp browser -30+ dapps across many categories

-worked w/ @MakerDAO to give rewards to have users open cdp opened w/ imtoken wallets. 732 cdps were opened during the campaign, one of the best ones for maker

-we also partnered w/ @KyberNetwork- onboarded them 1000 traders

@imTokenOfficial @metamask_io @cosmos @block_one_ @tokenlon @0xProject @MakerDAO @KyberNetwork 10/

for entering China ->

-if your project has tokens, talk to
@imTokenOfficial about entering china, they can consider list on @imTokenOfficial and @tokenlon

-follow the news like
@ChainNewscom

-follow
@Globalcoinrsrch and checkout our guidebook!

-try imtoken!

@imTokenOfficial @metamask_io @cosmos @block_one_ @tokenlon @0xProject @MakerDAO @KyberNetwork @ChainNewscom 11/ Q&A

- most popular trading pair on DEX- ether/usdt , USDT is ~30% of transactions

-many Chinese teams are developing blockchains, but people mostly think about ethereum when doing development

- most Chinese decentralized activities on are ethereum instead of eos

-dex adoption is hard, there are a lot of dexes in china. dexes speed are slower, but believe will improve through tech

- next promising countries for mobile wallet/crypto adoption-> no hard data but Vietnam is quite promising- alot of chinese proj n exchanges are going there