1- The idea of a ring with a wallet inside sounds good but not secure. As you mentioned on the other thread, you shouldn't put your life savings there. So, you are creating a product to protect small amount of funds.
The problem is that people is not going to know that and they think that a HW is always secure.
2- Correct me if I am wrong. It seems you are creating the classic HW without any open source third-party software wallet compatibility. So, users are forced to trust you and use your closed-source software wallet in a single-sig setup.
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Sure, those are very fair questions so let me try and answer them all. Some of it is still not out there because we only recently started publishing things about the company, so we will be slowly phasing out various updates and more information about the product over the next couple of months. Intiially, the ring will support BTC, SOL, ETH and EVM-compatible blockchains. This means, upon release and delivery of presale orders. Unfortunately, it means we won't have things like Tron or Multivers upon release; however we will be adding all the relevant blockchains in a timely manner. In regards to EVM, we will probably include the large ones directly with the release like BSC, Polygon, Optimism etc. Some of the lesser-known ones we might phase out as well.
Regarding the backup (Ace Cards), their sole and exclusive functionality is to act as a backup. They have a different chip inside of them as compared to the wallet (ring) and they're not meant to be a wallet because we think that would defeat their purpose a bit. Ideally, these are things you set up and then store somewhere securely (i.e hide them somewhere) and never use them unless you need to restore your wallet. If you were asking this in the sense of whether we will also have a card-form hardware wallet like Tangem does, the honest answer is I don't know; it's quite honestly not a focus for us right now. First we want to launch and ship the rings along with the Ace Cards; those will also be the only 2 initial products we will have on our website.
After that, we already have a second product in the pipeline which with a bit of luck we should be able to release & start shipping before end of Q1 next year, but I can tell you it's not a card wallet. It's naturally still a wallet, and it is also a wearable, but we'll release more info about this only after we ship out the initial batch of rings.
Of course, I see that you are mostly just responding to satscraper, yet as a courtesy, it is probably best to keep your responses fairly succinct in threads like this (and maybe OP should have created this one as a self-moderated thread, but did not).. I did see that in the last couple of days you guys have created a Ringwallet forum thread (also not self-moderated), which also is receiving some pushback and skepticism, and I have not looked at any of that thread in detail (even though it is so far a short thread, and not that I am any kind of a technical expert), yet it might be a bit early in terms of coming to too many conclusions if the product (or products) is not quite in a released stage.. but still good to refer folks to either that thread that you guys created or some other locations that might answer the questions.
I see, sorry for that, I didn't really give it much thought. And yes we have that existing thread which wasn't very well done to be perfectly honest, we will probably make a more professional one a bit later on. And yes we did receive some skepticism which is generally fair and a good exercise, I did my best to answer all the questions there and will continue to do so. The product is not live yet as of now and cannot be ordered, perhaps I'll come back in this thread after there's more things made public. Thanks for the answer nonetheless.
