I feel lucky to have discovered a user-friendly Web3 decentralized crypto wallet called Tally Ho during one of my daily airdrop hunting sessions, thanks to a well-written Medium article. Medium is a great tool for researching upcoming crypto projects and potential airdrops.
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The Tally Ho vision speaks for itself
There are a lot of crypto wallets out there, but most of these are owned by private companies (not decentralized) and don’t serve the best interest of the crypto community at large, for example, MetaMask, Coinbase, Trust Wallet, and so on. The fees earned via swaps, sending, and receiving tokens go back to the companies for their own profit-making endeavors.
I was therefore inspired when I discovered the Tally Ho wallet and its vision of creating a decentralized crypto wallet that is community driven and governed by a DAO (Decentralised Autonomous Organization). We are starting to see this vision play out.
Crypto wallet features
Although the Tally Ho crypto wallet is still in the early stage of development, they have already built a solid foundation for success by listening to and actioning feedback from its loyal community.
The Tally Ho wallet can be installed as an extension on major browsers such as Chrome, Firefox, and Brave. When creating a new wallet, you will be provided with a 24-word phrase, and you can set a password for easy access.
The wallet is super easy to use and allows you to manage multiple wallets, send and receive crypto, and swap tokens from one place. I especially like how it indicates the estimated network fee (based on the current ETH Gwei gas), the best route, and you can decide to perform the swap now or later. There is no need to go to another decentralized exchange like Uniswap or Sushiswap to perform the swap and fees.
When performing swaps, the Select token dropdown list makes it a breeze for crypto newbies to search and select tokens without adding the token contract address copied from Coingecko (unlike MetaMask!).
I can confirm the swap fees were cheaper than MetaMask on the few transactions I’ve done so far. I feel good that profits from these swap fees will go straight to the DAO rather than a corporation.
I also like the amount of information presented in the Activity screen, which is far more comprehensive than other wallets I’ve seen.
Grab some popcorn, your favorite cold drink, and watch the video below on how to get started with the Tally Ho wallet. I recommend installing the Tally Ho on the Brave browser for speed, security, and crypto compatibility compared to other browsers.
Keep building for a bright future
Looking at Tally Ho’s current roadmap, there are plans for integrating with hardware wallets such as Ledger and Trezor, which is a big tick, giving you ultimate control and security over your private keys, and encryptions providing safety over your crypto assets.
I feel the next major step for Tally Ho is making it easy for people to buy crypto in a streamlined decentralized manner, without relying on centralized exchanges such as Binance, Coinbase, FTX, etc. This means enabling people to buy crypto seamlessly via popular payment methods such as credit cards, PayPal, and Stripe from the Tally Ho wallet with low fees comparatively.
I also feel the key to ultimate success is integration with other decentralized platforms allowing users to interact and grow their crypto assets. For example, providing the ability to connect to an NFT platform (such as the LooksRare NFT Marketplace, which has a similar vision) will instill confidence in trading NFTs in a decentralized manner.
Enabling degens like me to connect with Metaverse platforms (Decentraland, The Sandbox, Otherside, Netvrk, etc), popular play-to-earn games, and DEFI protocols will make Tally Mo the complete decentralized one-stop-shop crypto wallet. There will be no need for KYC with centralized exchanges and waste your time (aka smarter, not harder!).
Maybe this is all wishful thinking, but I like to dream big! History has proven that the best crypto projects are born in a bear market, so there is no better time to do your own research, get in super early with these innovative projects, and thrive in a bull market.
My Tally Ho wallet strategy
I had to use MetaMask all this time because it seemed like the only viable option, but now I want to start moving my assets to a decentralized crypto wallet like Tally Ho.
Over time, I’ll transfer small amounts of crypto to several Tally Ho wallets, play around with its growing features, and provide feedback to the team via their Discord.
I also subscribed to their newsletter and will follow their Twitter for announcements.
Wen Airdrop?
Did I mention there could be a potential airdrop?
Tally Ho has confirmed that they will be launching their token called “$DOGGO” and is rumored to do an airdrop to early wallet users, but it’s only speculation at this stage. More information on how you can qualify via the Airdrops website.
Regardless of airdrop or not, being an active and constructive member of the community would help this project achieve its vision together in a decentralized manner. So if you love crypto for what is meant to be (autonomous and private), jump onboard the Tally Ho train and enjoy the ride.
Grab some popcorn, your favorite cold drink, and watch the video below on how to get started with the Tally Ho wallet. I recommend installing the Tally Ho on the Brave browser for speed, security, and crypto compatibility compared to other browsers.
Feel free to hop into our Lazy Society Discord for more airdrop and NFT alpha.
Nothing in this article constitutes financial advice. Please do your research before investing in any crypto projects.