Vultisig provides institutional-grade security without the need for specialized hardware by leveraging TSS and MPC technologies. Supporting Bitcoin, Ethereum, Solana, THORChain, and 30+ blockchains, this wallet ensures broad compatibility.

Replacing the conventional “seed phrase” with distributed “vault shares” across devices removes single points of failure while keeping the interface user-friendly. Available on iOS, Android, Windows, Linux, and the web, Vultisig offers flexible setups, from single-device Fast Vaults to multi-device secure configurations.

Founders and Team

Vultisig is developed by the founders of THORChain, the team behind the largest multi-chain DEX secured with Threshold Signature Schemes. Notable among them is JP Thor, an entrepreneur familiar with meme culture and well-connected in the crypto industry.

In essence, Vultisig is the product of this team’s years of experience in “secure custody.” The team focuses on security-driven innovations and has previously worked on successful projects like THORChain. Specific details about team members are limited, but the open-source code is accessible on GitHub, and security audits have been completed.

Project Idea and Purpose

Vultisig is designed to eliminate security vulnerabilities of traditional wallets, particularly:

• Removing seed phrases and using secure “vault shares”

• Managing multiple blockchains from a single wallet

• Requiring multi-factor authentication across devices

• Enabling automated and secure asset management with AI

It serves both individual users and teams, providing safe digital asset management.

Backers and Strategic Partners

Vultisig is backed by leading investors including Arca, Rujira, Delphi Labs, Wintermute, Mechanism Capital, and Magnet Capital. Strategic investors entered at a 70M FDV, with options for USDC/VULT LP addition during launch. A 1.7% CoinMarketCap strategic partnership increases reach and adoption, locked with a one-year cliff. Listing on Kraken, Uniswap, and other exchanges further expands accessibility. Trusted by DAO operators, vault creators, and multisig users.

How It Works

Technically, it operates on MPC and TSS. No “full private key” is ever generated; devices collaborate mathematically to sign transactions. Devices never exchange keys—they only generate signature shares. This removes single-device dependency, surpassing even hardware wallets in security.

Vault Types:

• Fast Vault: Single device + Vultisig server, quick setup, instant signing

• Secure Vault: Multiple devices for added security

  • 2-of-2: Fastest, no backup device

  • 2-of-3: Recommended, includes backup device

  • 3-of-4: Maximum security, includes backup device

Security Advantages:

Vultisig’s architecture bypasses traditional key management. Vault shares never store funds, so losing a device does not risk assets. Keys aren’t registered on-chain, minimizing attack surfaces. Devices you already own (phone, tablet, laptop) act as security shields. Biometric authentication and secure enclaves manage operations, compatible with 30+ chains and DeFi. Unlike hardware wallets, it’s discreet, enhancing operational security.

Features

• No Seed Phrase: Traditional 12/24 word seed phrase removed

• Multi-Chain: 30+ blockchains supported (BTC, ETH, SOL, Cosmos, etc.)

• Multi-Factor: Multiple devices required to sign

• Multi-Platform: iOS, Android, macOS, Windows, Linux, browser extension

• Open Source: Fully auditable via GitHub

• AI SDK Integration: Secure interaction with wallets and AI agents

Token and Economy

$VULT Token Use Cases:

VULT is not just symbolic; it fuels the ecosystem. Users can reduce cross-chain swap fees, stake for platform revenue, and access premium AI tools.

• Reduce transaction fees on the platform

• VULTIES points for asset storage and governance

• Access marketplace and AI agents

• Unlock premium features via staking

CMC Token Info:

• Max Supply: 100,000,000 $VULT

• Circulating Supply: 65,010,000 $VULT

• Price: $0.215 (current)

• Address: 0xb788144DF611029C60b859DF47e79B7726C4DEBa

Token Distribution:

• Launch Liquidity: 35,000,000 VULT (35%)

• Investors: 30,000,000 VULT (30%)

• Team: 17,300,000 VULT (17.3%)

• IOU $VULT Claims: 10,000,000 VULT (10%)

• Airdrop: 6,000,000 VULT (6%)

• CoinMarketCap Accelerator: 1,700,000 VULT (1.7%)

This distribution demonstrates the team’s focus on liquidity. Even though investor and team shares total nearly 50%, the large launch liquidity can act as a shield against sudden market fluctuations. On paper, the numbers appear balanced; it remains to be seen how this liquidity will affect price stability.

Airdrop Participation:

1. Download the app

2. Create a multi-factor vault

3. Backup vault shares

4. Deposit funds to qualify

Ecosystem and Marketplace

Vultisig is more than a wallet; it is an open-source digital asset ecosystem:

• Vultisig Wallet: iOS, Android, macOS, Windows, Linux

• Vultisig Extension: Web3 dApp integration

• Web App: View-only access and airdrop tracking

• Marketplace: Plugins and AI agents for developers

2026 Roadmap

Looking at the roadmap, the team’s vision goes beyond a simple wallet. Planned 2026 features include enterprise custody services and SDKs for developers, potentially embedding Vultisig as a security layer in other dApps. Future AI-driven security analytics are also expected, further strengthening the project’s technological competitiveness.

Why Vultisig?

• Security: Removes single-device or key risk

• Multi-Chain: Compatible with all major blockchains

• User-Friendly: Uses familiar devices and interfaces

• Open Source: Fully auditable

• AI Integration: Smart agents for asset management

Vultisig may seem revolutionary on paper, but every new technology has a learning curve. Distributed device security can complicate access if multiple devices are lost or experience technical issues. The adoption speed of MPC by end-users remains uncertain. Even the strongest security cannot fully eliminate human error. VULT token investors need to closely monitor how quickly these technological promises become standard.

Project Links

• Website
• Twitter
• Telegram
• Discord

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The post What is Vultisig (VULT)? appeared first on Coin Engineer.

What is Vision (VSN) and What Does It Offer?

VSN is designed as a unified token for Bitpanda’s Web3 vision. Minted on Ethereum with a fixed initial supply of 4.2 billion tokens, VSN delivers functionality at both application and protocol levels. On the Bitpanda Broker, users paying fees with VSN receive a 20% discount, with the same reduction applying to swap fees in the self-custodial Bitpanda DeFi Wallet. Within the wallet, users can stake VSN to earn emission-based yields, with parameters like emission rates, burn schedules, and protocol upgrades determined by token-holder governance. Staking operates on a non-custodial model with a 14-day cooldown period, encouraging long-term engagement.

Gamified on-chain missions integrated into the wallet reward users with VSN bonuses, and staking positions qualify for airdrops distributed via Bitpanda Spotlight. Planned liquidity mining campaigns will enhance base staking yields with partner-funded incentives. VSN unifies the Bitpanda Broker, DeFi Wallet, upcoming Launchpad, and Vision Chain Layer-2 network, aiming to serve as a gateway for regulated Web3 participation in Europe.

Technology and Ecosystem

VSN operates as an ERC-20 token on Ethereum’s Proof-of-Stake consensus mechanism, supporting cross-chain functionality. It integrates with Bitpanda’s ecosystem through:

• Vision Chain: An Ethereum Layer-2 network optimized for regulated assets like tokenized securities and commodities.
• Vision Protocol: Aggregates decentralized exchanges like 1inch, enabling cross-chain swaps within the Bitpanda DeFi Wallet.
• Cross-Chain Integration: Leverages Chainlink’s CCIP protocol for secure transfers across Ethereum, Arbitrum, and Hyperliquid.

VSN transactions are secured by Ethereum’s gas fees, where users set a gas limit (maximum work required) and gas price (ETH amount per gas unit). Higher gas prices prioritize transactions.

Offering and Conversion Process

VSN is offered to existing BEST and PAN token holders through a migration process. Conversion rates are based on the 30-day average closing prices ending March 25, 2025:

• 1 BEST = 4.91 VSN
• 1 PAN = 0.89 VSN

Each user’s VSN allocation is calculated by multiplying their BEST and PAN balances by these rates. The starting price is determined by dividing the combined fully diluted valuation (FDV) of BEST and PAN by the 4.2 billion VSN token supply. The Euro-equivalent price is displayed on the Bitpanda platform during the offer period. The offer occurs in two phases:

1. First Phase (2025-07-09 to 2025-07-16): BEST and PAN holders have 8 calendar days to opt-in to exchange their tokens for VSN. Approved tokens are pooled in TrustVault and converted via the VSN migration smart contract.
2. Second Phase (Late Migration): Late exchanges are processed in weekly batches directly from Bitpanda’s reserves.

Approximately 2.73 billion VSN (assuming 67% of BEST and 55% of PAN are converted) will enter circulation, with the remaining ~1.47 billion held in the Foundation’s treasury. Post-conversion, BEST and PAN tokens are burned and cease to exist. No fees are charged during the offer, and investors can exercise a withdrawal right within the 8-day period via electronic means (email, customer support), retaining their BEST/PAN balances if they opt out.

Trading and Access

At the end of the first offer phase, VSN aims to be listed for trading on Kraken, followed by other reputable centralized and decentralized exchanges. Access to exchanges requires account registration and KYC/AML verification. Transaction, withdrawal, and other fees are set by exchanges, not controlled by Bitpanda. VSN can be stored in ERC-20-compatible wallets and freely traded on secondary markets.

Governance and Usage

VSN holders can stake tokens via the VSN decentralized application (DApp) and participate in governance votes through snapshot.org, shaping parameters like burn rates and incentive distributions. Rights and obligations can only be modified through successful governance proposals. VSN does not confer claims to dividends, interest, or corporate voting rights against the Foundation or its affiliates, offering only staking and governance functionalities.

Sustainability

VSN operates on Ethereum’s Proof-of-Stake consensus, with low energy consumption (10,348 kWh annually). ESG data is transparently shared via Bitpanda’s third-party providers. Ethereum’s energy-efficient structure mitigates environmental concerns, though some investors may view crypto assets negatively from an ESG perspective.

Mitigation Measures

• Rigorous Selection: The Foundation applies strict standards for third-party providers.
• Liquidity Management: Buybacks and promotions reduce volatility.
• Security: Continuous threat monitoring and bug bounty programs minimize risks.
• Governance: On-chain voting enables adaptation to market conditions.

Vision (VSN) bridges regulated finance and decentralized ecosystems, leveraging Bitpanda’s regulatory expertise and user base to drive Web3 adoption. With staking, governance, and fee discounts, it aims to be a gateway to decentralized finance in Europe. Its success depends on balancing compliance with DeFi innovation.

Vision (VSN) Tokenomics and Governance

VSN’s fixed 4.2 billion token supply is managed by the Vision Web3 Foundation. Key mechanisms include:

• Burns: A portion of trading, swap, and Launchpad listing fees funds token buybacks and burns.
• Staking: Non-custodial staking with a 14-day cooldown encourages long-term participation, targeting a 5% annual emission rate (potentially decreasing over time).
• Governance: Quarterly on-chain votes determine emission rates, burns, and protocol upgrades.

The Foundation retains a portion of tokens for liquidity provisioning, staking rewards, promotional activities, and ecosystem grants. Token supply can be dynamically adjusted via governance, with unlimited minting controlled to balance reward distribution and prevent excessive dilution.

• Total Supply: 4.2 billion VSN
• Public Sale: 0.66% (27.55 million)
• Circulating Supply: 65%
• Treasury: 20%
• Commercial Activities and Ecosystem Grants: 10%
• Liquidity Provisioning: 5%
• Fully Diluted Valuation (FDV): $462 million USD

Vision (VSN) Partnerships

Vision (VSN), as a token powering the Web3 ecosystem, has established strategic partnerships with leading exchanges and organizations. It is listed on major centralized exchanges like KuCoin, Gate.io, MEXC, and Kraken, ensuring global accessibility. Additionally, collaborations with globally recognized sports clubs like AC Milan and Paris Saint-Germain connect sports enthusiasts with Web3. Partners such as Impossible Finance, IMC, Selini, Auros, and Da Vinci support Vision’s innovative projects, liquidity provisioning, and tokenized asset infrastructure, contributing to the ecosystem’s growth.

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post What Is Vision (VSN)? appeared first on Coin Engineer.