Cobo Vault

Cobo announces pre-orders for Cobo Vault, a military-grade cryptocurrency hardware wallet with 360° of security

engineered in three individual parts — its body, case and battery — all of which work in symphony to weather impacts, water damage, and even battery corrosion.

Durability

Cobo Vault’s body boasts a 4-inch, 300 PPI LCD display and resists water damage with an IP68 waterproof rating. Its rugged, IK10 and MIL-STD-810G certified, brushed aluminum case withstands accidental drops, icy conditions, vibrations, or even the pressure of a car driving over its body. Finally, its battery is practically designed, to not only be easily detached from Cobo Vault’s body, but also to prevent battery corrosion which would otherwise irreparably damage a cold storage wallet.

Hardware Security

As a hallmark of Cobo’s philosophy of prevention, all physical points of attacks are removed in Cobo Vault’s design. In lieu of a USB port — the single most common access point for hackers to root a cryptocurrency hardware wallet — Cobo Vault instead can be upgraded by inserting a TF Card, which upgrades your Cobo Vault, without necessitating the purchase of a new device altogether. Transactions can also be conducted instead over the air, which prevents man-in-the-middle attacks, by simply scanning a dynamically changing QR code. Adding a secondary level of hardware security, Cobo Vault instantly triggers a self-destruct mechanism that wipes all stored private keys and data in the event of an attempt to physically force open its body to conduct a circuit hack.

Software Security

Not without attention to the most important security layer, Cobo Vault offers industry-leading protection through multiple software defense points including online multi-factor authentication, multi-password protection, and recovery of your wallet with a 24 word mnemonic phrase. However, Cobo Vault takes extra measures, beyond industry standards, to protect your private key. Most cold storage wallets use open source security libraries that only temporarily store private keys in their encryption chip, oftentimes leaving it to an operating system to futilely protect your key. Cobo Vault on the other hand uses a bank-grade encryption chip, combined with a proprietary BIP 32, 39, 44 compliant firmware, designed from scratch, that for the first time in the industry keeps your private key stored in the encryption chip at all times — the safest possible means of securing your key from hackers.

While only weighing about as much as the average smartphone, Cobo Vault is a new class of cryptocurrency hardware wallets, introducing a bank vault-level of security for crypto investors, but fits into your pocket.

“With the increasing investment into cryptocurrencies, the only truly safe means of securing your crypto is to store it in a cold storage wallet,” said Changhao Jiang, Co-founder and CTO of Cobo. “Cobo Vault sets a new, groundbreaking standard for cold storage wallet, with the first truly all-around secure hardware wallet designed for holders that can’t risk losing their investment.”

Cobo also announces that it has raised $13 Million USD in Series A funding, lead by DHVC and Wu Capital, which will be used to further develop Cobo Vault. The new investment will help Cobo expand its various product lines in overseas markets, including software, hardware and more in the future.

“Crypto has come a long way since I first ventured into this space. While I’m excited to see that crypto investment and enthusiasm is on the rise globally, a majority of crypto assets remain dormant in an exchange or wallet for extended periods of time, which creates many lost opportunities,” said Jiang. “As crypto becomes widely recognized as a legitimate financial instrument, our goal is to provide a rewards system that leverages unutilized assets to enrich investors and accelerate the growth of the entire crypto ecosystem.”

Cobo Vault will be available for pre-order on Indiegogo beginning October 17, 2018.

Cobo Vault Features

·         T6 aluminum metal body & outer case

·         Multi-language support

·         Multi-chain support

·         Multi-address management

·         Waterproof (IP68)

·         Drop resistant (IK10, MIL-STD-810G) with outer case

·         Multi-password protection

·         Passphrase-protected hidden vault

·         24 word mnemonic phrase

·         Hardware encryption

·         Self-destruct mechanism

·         QR code as sole interactive interface

·         TF card upgrade to update firmware to support more coins, tokens and features

·         Supported tokens: BTC, BCH, ETH, LTC, ETC, DASH, EOS (and EOS tokens), TRON (and Tron tokens), ERC20 Tokens

To learn more about Cobo Vault visit http://cobo.com.

The media kit for Cobo Vault can be accessed here.

Pre-order Cobo Vault on Indiegogo https://igg.me/at/CoboVault

Watch Cobo Vault’s launch video on https://youtu.be/WQJ2ObfYaC4

About Cobo

Founded in November 2017 by former Facebook engineer, Changhao Jiang, and founder of F2Pool, Discus Fish, Cobo is a leading developer of consumer blockchain products that make it easy for anyone to own and use cryptocurrencies. Cobo’s flagship software wallet, Cobo Wallet, debuted in February 2018 and is the first Proof of Stake cryptocurrency wallet that passively earns cryptocurrency rewards for its users while supporting both a Cloud wallet and HD Wallet with an embedded DApp store.

To date, Cobo Wallet has 500,000 users globally and supports up to 30 cryptocurrencies and 500 tokens on main blockchains including ETH, EOS and Tron. Adding to its portfolio, Cobo Vault, is the world’s first all-around secure cryptocurrency hardware wallet, with military-grade security.

Cobo is headquartered in Beijing, with offices in Shanghai.

For more information about Cobo, visit cobo.com

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