Jellyfish Mobile to Curb the SIM-Swap Menace That Led to Losses Worth $140 Million in Two Years
by Ethan Huang ([email protected])
PRESS RELEASE. The cryptocurrency market lacks regulation, leading to potential risks for investors, including SIM-swap scams. By this technique, hackers manipulate mobile carrier customer service to gain access to a userโs phone number, allowing them to bypass security measures and access accounts. Bart Stephens, co-founder of Blockchain Capital, fell victim to a SIM-swap attack, resulting in a $6.3 million Bitcoin theft. He has filed a lawsuit against the hackers. From all this itโs clear thereโs a lack of effective safeguards and timely notifications from mobile phone carriers. Jellyfish Mobile provides a solution to prevent SIM-swap attacks and other vulnerabilities arising from cell phone carriersโ negligence.
All About Jellyfish Mobile
JellyFish Mobile is the worldโs first Web3-enabled 5G mobile network. The team behind the project identified the loopholes and vulnerabilities in the telecommunication system and introduced a futuristic solution that will entirely redefine the space. With Jellyfish, users no longer just communicate on mobile phones, but become true owners of their digital assets. They are in complete control of all transactions and command absolute authority over their digital experience.
Jellyfish Mobile has developed a secure Wallet-On-SIM technology wherein users will obtain a SIM card with a built in cold wallet. The cold wallet is completely isolated from the host device and is only accessible through the ownerโs seed keys, thus eliminating the risk of SIM swapping. Also,users donโt need an Internet connection to process transactions. Decentralization and transparency are Jellyfish Mobileโs USP!
Concerning functionality, Jellyfish Mobile employs DIDs (Decentralized Identifiers) for identity management. Instead of a mobile number, users get a Web3 wallet address. In addition, the platform offers access to a wide array of projects to promote engagement, be these De-Fi (Decentralized Finance) applications, decentralized social networks, and a host of other dApps, all from the mobile device.
For enhanced security and seamless operations while using Wallet-on-SIM, Jellyfish Mobile provides the following features:
True Cold Wallet Privacy: Isolates the wallet from the OS and the installed apps, thus eliminating any interaction.
Secure Boot Process: Checks the integrity of processes running on the device and prevents untoward modifications.
The Jellyfish Mobile ecosystem is an advanced and sophisticated creation that connects influencers with relevant brands and helps them monetize their activity. And both parties can utilize the transaction system provided by the platform for efficient and low-fee transactions.
Besides all this, Jellyfish Mobile also offers affordable roaming services across Asia. Travel within eligible regions and never face hassles with the network. Reliable connectivity from Jellyfish Mobile benefits not just businesses and influencers, but also regular users who are always on the go!
About JFISH, the Native Token
The JFISH token, native to the Jellyfish Mobile ecosystem, is crafted with great consideration towards critical market parameters and volatility analysis. The total token supply is capped at 1 billion, of which 4% would be available during the Pre-seed Event, 6% during the three air-drops, 75% allocated to the three CEX launches, and the remaining 15% developer tokens will be released post the third CEX launch.
In addition to that, Jellyfish Mobile follows a DAO (Decentralized Autonomous Organization) style of function, wherein token holders vote on important decisions, some of which will decide the projectโs future course. For those who believe they have the right intellect and proper understanding of the blockchain space, this could be the chance to drive a project towards success. Just get as many tokens as possible, become a decisive voice in the Jellyfish Mobile ecosystem, and lead the way!
Jellyfish Mobile is holding itโs much-anticipated IEO
Developed by a team of experienced professionals, Jellyfish Mobile aims to put an end to SIM swap attacks, provide a seamless network connectivity to users, offer absolute authority over digital assets, minimize third-party interference, become the path that guides users toward Web3, and reward them handsomely in the process. For those who believe Web3 is the future, gear up for Jellyfish Mobile and become a part of the ecosystem.
For a deeper understanding of Jellyfish Mobileโs offerings, check out their informative explainer videos on YouTube.
To find out more about Jellyfish Mobile, visit the official website: https://jellyfi.me/
Also, follow Jellyfish Mobile on all social platforms to stay up-to-date with the latest developments and sales:
Twitter: https://twitter.com/jellyfishmobile
Telegram: https://t.me/jellyfishmobile
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