• AirMoney launches Degn Device, enabling Web3 interactions directly from hardware, enhancing user control over crypto assets and activities.
• Degn Device supports node running, trading, and staking with physical controls for real-time interaction, fostering an immersive crypto experience.

AirMoney is launching the Degn Device, a new hardware solution designed for decentralized physical infrastructure network (DePIN) applications, announced at the TOKEN2049 conference in Singapore. This device advances beyond traditional hardware wallets by enabling direct interaction with Web3 protocols and facilitating comprehensive user engagement through its standalone, decentralized capabilities.

The Degn Device allows users not only to store cryptocurrencies but also to run nodes, and engage in trading, staking, and gaming. It is equipped with features that enable users to activate a node immediately upon setup, thereby participating in the network and earning tokens via Proof of Activity. This marks a shift from mere storage to interactive use, allowing users comprehensive control over their digital assets.

The device integrates with multiple blockchains and decentralized applications (dApps), offering seamless access directly from the device. It includes unique dApps and trading platforms, such as spot and perpetual futures trading supported by Bybit, which users can control using physical, tactile controls like a dedicated knob for adjusting trading leverage.

Security is a paramount feature of the AirMoney Degn Device. It employs Multi-Party Computation (MPC) technology from Web3Auth to enhance security. Instead of storing the entire private key on the device, it keeps only parts of the key, using Shamir Secret Sharing to distribute the key across different locations. This method prevents any single point of failure from compromising the user’s assets, thereby allowing secure, active engagement in the decentralized ecosystem.

“The AirMoney device advances crypto hardware beyond the era of passive storage. Just like the Kindle was built for reading, AirMoney is purpose-built for crypto, offering users a gateway to the decentralized economy where they can actively trade, stake, and earn from a single, powerful device.” – AirMoney CEO – Kryzstof Gagack

The device is pre-loaded with native tokens to facilitate user participation in decentralized finance (DeFi) and help them grow their crypto assets effectively. The distribution of the majority of AirMoney’s native token supply through Proof of Activity ensures that active users benefit from their engagement with the network.

The launch of the AirMoney Degn Device represents a significant evolution in cryptocurrency hardware, moving from passive storage solutions to devices that support active participation in the blockchain ecosystem. 

This device is tailored to meet the needs of users who seek to maximize their interaction with DeFi and Web3, offering them a powerful tool to trade, stake, and earn within a secure, decentralized framework.