Solong Wallet AMA Transcript

Top extension wallet in Solana ecosystem.

By
Solana News
on
June 7, 2021
Category:
AMA

Andrew:

Hello all and welcome tothe AMA with Solong Wallet!


@markkwok@henry2122thank you for joining us


Mark (Solong Wallet) K:

thanks for having us


Andrew:

Of course! You ready toget started?


Mark (Solong Wallet) K:

yeah, I think we are ready


Andrew:

Okay great!


So for the firstquestion...

1. How did you come upwith the name “Solong” is it kind of a play on words? As insaying goodbye to your wallet?


Mark (Solong Wallet) K:

lol, good question, solong= SOL + LONG, since we love SOL, so we LONG $SOL,done


Andrew:

Hahaha nice! I love that


2. Tell me more aboutyour background, your team and what made you come to develop SolongWallet.


Mark (Solong Wallet) K:

I used to work in one ofthe FANG companies, it was a very great experience and learned a lotfrom there, then I got to know blockchain and I found things moreinteresting there


so I started learningabout all the chains and found that one of the bottleneck is thespeed and scalability, then I found that Solana is very fast, maybethe fatest for now


so I wanted to buildsomething there, where shall I started, I found out that there was nowallet like metamask for ethereum in solana


that's how solong walletwas born


Andrew]:

Oh I see so you could saythat you are a pioneer of sorts for wallets within Solana


Mark (Solong Wallet) K:

lol, I think so


but there are many goodwallets now


Andrew:

3. As a wallet, how doyou feel like you are contributing to the Solana ecosystem?


Mark (Solong Wallet) K:

I think a good wallet canget users onboard easier, since most people come from ethereum andthere are already a lot of tools and good wallets like metamask there


so they also expect thesame experience in solana, although we cannot be compared to metamaskfor now, but I think users can do most things like transfer andsigning transactions


use it to play with solanadapps


so I think that's what awallet should be able to do


Andrew:

Yes of course, and asSolana is a young ecosystem there is lots of time to keep onfurthering the development


Mark (Solong Wallet) K:

definitely


Andrew:

4. In terms ofcompetition, what in your opinion do you think sets you apart fromthe other wallets that are established on Solana?


Mark (Solong Wallet) K:

Since our wallet was bornat a very early stage of solana, we have gained some loyal users andalso a very good amount of experience. we know what solana users likeand expect


Andrew:

That's very good, so youand your team capitalized on being first to market!


5. Do you have anyplans on adding any new features that will definitely put yourproject in the spotlight?


Mark (Solong Wallet) K:

we do not want to restrictus to just a wallet, we want also be part of the DeFi ecosystem, soapart from all the traditional wallet features, we will also add somecool stuff like yield farms or aggregators in our wallet, since ourusers have funds in our wallets, they can also put the money in thefarms to use money to make money


Andrew:

Wow, that is exciting! Doyou have an approximate timeline for this?


Mark (Solong Wallet) K:

maybe in couple of months,we will have something out 😃


Andrew:

Looking forward to it!


6. Can you explain the“merge” function within your platform?


Mark (Solong Wallet) K:

Oh, it just a feature thathelps users to gather all the tokens in their different SPL accountsto their ATA(associate token account)


Andrew:

Gotcha, glad you touchedon this because this leads me into my next few questions


7. How has theassociated account program benefited users?


Mark (Solong Wallet) K:

Most users from ethereumused to use the same address to receive both ETH and ERC-20 tokens,but that's not how solana works, for sol and spl. they all havedifferent addresses, but with ATA, you can use your SOL address toreceive both  SOL and SPL tokens


make the experience almostsame as ethereum


Andrew:

Ohhh okay I see, so youcould say that Ethereum wallets were a big influence for you whendeveloping solong ?


Mark (Solong Wallet) K:

yeah, lol, they set verygood examples


Andrew:

8. Can you explain theneed for multiple accounts when dealing with a single SPL token?


Mark (Solong Wallet) K:

yeah, in solana you cancreate multiple accounts just for one SPL token, it's the design ofsolana, also you can say it's a feature, but most people may not needthat, for now, we more prefer users to use the ATA way to managetheir SPL token


Andrew:

Is there a reason youwould prefer for users to use ATA?


Mark (Solong Wallet) K:

simple and clean 😁


the reason is ATA is moresimple and clean 😁


Andrew:

Haha of course, that's theway it should be!


9. With NFTs gainingmore and more popularity, do you plan on adding a feature for usersto store NFTs in their Solong Wallet?


Mark (Solong Wallet) K:

actually,  yes, we want tothe make the wallet theme as an NFT, the more loyal, the more likelyusers can  get these themes, the since these nfts will be the symbolof our users' loyalty, they are more likely to get more benefits fromour future features


Andrew:

Nice! Looking forward toseeing that soon!


Mark (Solong Wallet) K:

thanks


Andrew:

So as in wallet themes doyou mean various backgrounds and such for the wallet ?


Mark (Solong Wallet) K:

yeah, backgrounds,badgers, icons. etc


something you can show off


Andrew:

Awesome!


That would really giveusers a sort of customized feelings by being able to showcase suchNFTs


10. Do you have anyexciting news that you want to share with the viewers today?


Mark (Solong Wallet) K:

yeah, hope so


Sure, crypto users likeairdrops, and we also want to give some benefits to our users, we arenow talking with several solana projects about they airdrop tokens toour users, since our users are the most targeted users of them it'slike win-win for both of us


Andrew:

Yeah a win-win foreveryone! Everyone loves a good airdrop haha


Mark (Solong Wallet) K:

exactly!


Andrew:

Well that concludes thequestions


Mark (Solong Wallet) K:

thanks @DrewtheAce


Andrew,:

Thank you for taking thetime out of your day to join us


Goodluck andcongratulations on how far you have gotten today


Looking forward to hearingfrom you more😁👍🚀


Mark (Solong Wallet) K:

Thanks for having us,looking forward to hearing from you also!


Andrew:

Big thank you to everyonewatching! Hope you all have an AMAzing day haha


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