📣Onboarding Simplified: Wallet or No-Wallet
KiX is inclusive. If you love football, regardless of how much you know about crypto - we want you 'IN'!
With that in mind, we're excited to adopt a relatively new concept within crypto called 'account abstraction', or AA for short.
The onboarding of new users is now really simple, without compromising the core blockchain principles of decentralization, security and transparency.
Users, both new & old to Web3, can onboard simply, seamlessly and securely onto the KiX decentralized application with the minimum of friction.
Account Abstraction uses the ERC 4337 protocol, and enables a user to create their own decentralized account directly onto a smart contract within the KiX eco-system, on the Polygon blockchain.
A smart contract controlled by a user is known as a smart account.
This smart account is effortlessly controlled by the user's login method, which could be as simple as using an external wallet like Metamask or a familiar social login. Either of these methods acts as their signing approval for the creation of the account and all transactions, making the process a breeze.
Creating smart accounts using the ERC 4337 protocol removes the pain points of being on the correct network chain with the correct tokens to pay gas fees; essentially these hurdles are all abstracted away from the account.
The user's KiX smart account is conveniently created on the Polygon Network, regardless of their origin. What's more, all gas fees for users' transactions are taken care of internally by KiX, giving you the freedom to focus on what matters most.
A significant list of external wallets, including Metamask and Wallet Connect, may be used to create KiX accounts and authorize transactions.
Alternatively, for those new to Web3 or natives who want to 'keep it simple,' there are a number of social logins that can be used to create an account and authorize transactions in exactly the same way as an external wallet.
We support social logins from Google (Gmail), Apple, Twitter, TikTok, LinkedIn, and a few others.
Our smart accounts use Shamir's secret sharing, which enables a secure, decentralized approach to private key management. Effectively, there is now no need to save private keys; it's all done for you through this technology.
In summary, once connected to our dApp, all tokens are held in a 'smart account' assigned to the user on the blockchain. Only the user can authorize transactions on their account, and the process is managed by fully audited conventions provided by third parties.
Once a user's 'smart account' has been created, they can transfer their $KIX tokens or stablecoins into an external wallet of their choice or move them to an exchange.
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