Exodus Wallet IPO

[Wind_FURY]

Investors interested in the IPO can buy shares through the wallet, but verification of your identity is required.

2021 - 2022 will be the years of the companies that were built and developed as a Bitcoin service first in my opinion. Bitcoin is going mainstream, and it’s becoming very very close to be a house-name, like McDonald’s. When will the nocoiners accept it? How long must the network run? How high must Bitcoin go? Hahaha.

https://www.exodus.com/investors/documents/Exodus-Receives-Qualification.pdf

OMAHA, NEBRASKA — April 8, 2021 — Exodus Movement, Inc., a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform, received notice that the Securities and Exchange Commission has qualified its offering of Class A common stock under Regulation A. The company will begin offering shares in the Exodus Wallet at 9:00 pm ET today.

[hugeblack]

Do you have more information about Exodus Wallet IPO? Why identity verifications required as long as the Securities and Exchange Commission has approved the listing they need more documents, such as proof of the source of the money, etc....?
Also, I think that it is easy for Exodus to issue tokens, try to sell them (listing in binance, changelly, ..etc) and use the gains to develop the wallet or start new exchange.

[pooya87]

Is the wallet still closed source?
If that's the case this could be the last nail in their coffin. The more centralization they add the higher the risk of using their wallet is going to be. A closed source bitcoin wallet from a company that is approved by the US government is not something I would even go near let alone use it. Who can tell how many backdoors it contains.

P.S. none of the 62 sources on their repository look like the wallet source: https://github.com/ExodusMovement?q=&type=source&language=&sort=

[Wind_FURY]

Do you have more information about Exodus Wallet IPO? Why identity verifications required as long as the Securities and Exchange Commission has approved the listing they need more documents, such as proof of the source of the money, etc....?

Also, I think that it is easy for Exodus to issue tokens, try to sell them (listing in binance, changelly, ..etc) and use the gains to develop the wallet or start new exchange.

No more information. There was also no more information about listing in Nasdaq, which is common for technology companies. But Exodus will be issuing Class A common stock. I believe under U.S. laws you need to verify your identity to participate. It’s an actual IPO, not ICO.

[dihari]

Hi I know this is off topic, but I can't find exodus wallet thread here to ask this question.
I am start wondering to install exodus mobile wallet, but first I just want to know, can we add erc20 custom token with exodus wallet?

[NotATether]

No more information. There was also no more information about listing in Nasdaq, which is common for technology companies. But Exodus will be issuing Class A common stock. I believe under U.S. laws you need to verify your identity to participate. It’s an actual IPO, not ICO.

An IPO to what exactly?  An IPO must sell shares of company stock. It would be boneheaded for Exodus the company to pin its shares on some token they make that likely won't even retain its value, and also limits the amount of investors they will get to people who know how to use cryptocurrency.

Is the wallet still closed source?

An open source wallet wound never include KYC filling-in code, it's too risky for whoever's hosting them since their locations of HTTP endpoints are exposed for attack. But then again, a disassembler can also expose strings in closed source programs too, so it's a matter of OSS wallets having more common sense developing it.

[mk4]

Is the wallet still closed source?
If that's the case this could be the last nail in their coffin. The more centralization they add the higher the risk of using their wallet is going to be. A closed source bitcoin wallet from a company that is approved by the US government is not something I would even go near let alone use it. Who call tell how many backdoors it contains.

P.S. none of the 62 sources on their repository look like the wallet source: https://github.com/ExodusMovement?q=&type=source&language=&sort=

Unfortunately, there's a huge demographic that doesn't give a single crap about a wallet being closed-source. I wouldn't even be surprised if Exodus pushes more and more to be more of an exchange than a wallet; to potentially increase profitability.

[pooya87]

But then again, a disassembler can also expose strings in closed source programs too, so it's a matter of OSS wallets having more common sense developing it.

Not always, binaries could be obfuscated in a way that disassemblers could not work properly or at all. Additionally they could hide any kind of malicious act in their code in a way that it would be hard to find in an even open source project let alone wanting to find it in the "recovered" code.

Unfortunately, there's a huge demographic that doesn't give a single crap about a wallet being closed-source. I wouldn't even be surprised if Exodus pushes more and more to be more of an exchange than a wallet; to potentially increase profitability.

That's sadly true no matter how much we warn them, these people continue using these shady risky wallets until their security or privacy is severely invaded. By that time it would be too late.

[hd49728]

Hi I know this is off topic, but I can't find exodus wallet thread here to ask this question.
I am start wondering to install exodus mobile wallet, but first I just want to know, can we add erc20 custom token with exodus wallet?

You can not if Exodus wallet does not support one ERC-20 token. If you send that token to your Ethereum address in Exodus wallet, you don't lose it.

You have private key of your Ethereum address and you can use it to import in other wallets which support customization for ERC-20 tokens.

What is an ERC20 Token and does Exodus support it?
How do I manage unsupported ERC20 tokens?
The Exodus wallet IPO will make bigger noise for crypto market. I can not forget what Libra noise help Bitcoin rallied in 2019. Explainer: 'Stablecoins' in the spotlight as Facebook unveils Libra cryptocurrency

[mk4]

That's sadly true no matter how much we warn them, these people continue using these shady risky wallets until their security or privacy is severely invaded. By that time it would be too late.

It's going to be the typical "learn the hard way" things, just how it used to be since the inception of bitcoin. We can only push and convince them to use reputable non-custodial wallets to a certain extent, that if they don't want to learn from history, then so be it I guess. 🤷‍♂️