Taho Wallet | The wallet web3 deserves
Taho Wallet (formerly known as Tally Ho Wallet) is a browser-based, open-source, and community-owned Web3 crypto wallet that permits users to transact, store, swap, or trade crypto tokens and connect to the dApps (decentralized applications) on ETH (Ethereum) and other supported chains. Taho works like the MetaMask Wallet, which aims to replace MetaMask as a wallet of choice for DeFi (decentralized finance) or Web3 users. Moreover, unlike the Web3 wallets owned and managed by centralized corporations, users of the Taho Wallet via a DAO structure own and operate it. Also, the revenue earned by the wallet goes back to the community via the DAO.
Developers have designed Taho with the view that Web3 must be created on Web3 principles or technology and not employ a centralized Web2 approach to development. Taho Wallet is accessible as a web browser extension for Firefox, Brave, and Chrome, with a mobile app designed for its phase development coming soon.
Why Use Taho Wallet extension?
The wallet is still in Beta but has some features worth highlighting here.
A More Accessible and Open Web3
Taho stands for community hold over centralized profiteering, open source over restrictive licensing, and access over privilege. If it intentionally creates open-source, decentralized, community-owned infrastructure to restore present centralized monopolies. Taho is a decentralized, community-owned wallet supporting a decentralized world's longevity.
Add Several Addresses
Users can add multiple addresses to their Taho Wallet with one tap. This is handy when users must maintain anonymity or diversify their risk over different wallet addresses as they interact with various decentralized applications.
Moreover, it is for accounting purposes and holding assets for different activities. For instance, users can create several addresses and use one for staking, another for trading, etc. You can take it forward by utilizing a separate address for each chain.
Swap
Recently, Taho has launched its in-wallet Swap service, which lets you swap one crypto token for another on supported chains. This swap feature works in the same manner as the MetaMask Swaps but prices 50 percent less in swap fees. On the other hand, MetaMask takes a 1% swap fee, Taho takes 0.5% for each swap, and the fees go to the community (users) via the DAO.
Ledger Support
Taho supports a Ledger hardware wallet, which allows users to connect their hardware wallet to their Taho Wallet.
Open Source and Free
Users can fork or contribute to the Taho code for their work. And such forks are free and open-source for anyone to reuse and access.
Guide to Get Started with Taho Wallet Extension
First, move to the official Taho Wallet website and choose the desired web browser. Taho supports Chrome, Brave, and Firefox.
After installing the extension, hit the Wallet logo at the top of your browser. You will have a brief introduction to the wallet. Tap Continue.
Then, you should hit the Get Started button. You can import your existing wallet using the secret recovery phrase, generate a read-only address, or generate a new wallet.
If you're new, hit the Create New Wallet tab.
On the next screen, input a strong password for your wallet and tap on the Begin the Hunt tab to move forward.
Now, tap on the Reveal Secret Recovery Phrase button.
After this, jot down your 24-words recovery phrase and place it somewhere secure.
After safely noting down the phrase, select the I Wrote It Down option.
On the next page, you must validate your seed phrase by providing the missing words. Then, hit the Verify My Wallet tab.
Lastly, you should tap the Take Me to my wallet option to open your new wallet.
All done; your Taho Wallet is ready to obtain the first funding and explore DeFi and Web3.
Frequently Asked Questions
How can I swap tokens on Taho Wallet?
First, sign in to your Taho Wallet and tap on the Swap tab on the homepage.
Next, pick the tokens you need to swap and specify the desired amount. The wallet will display the amount of the corresponding assets you will obtain.
When done, hit the Get Final Quote tab to proceed. Then, you will see the final cost you will get.
If all looks good, hit the Continue Swap tab and sign the transaction.
How do I rename addresses on Taho Wallet?
Access your Taho Wallet using the sign-in credentials.
Then, you must select the address you wish to rename and hit the Three dots next to it.
Tap on the Edit Name option and specify a name.
Lastly, hit the Save Name tab.
Note: You don't need an address; hit the Remove Address tab to delete it.
How much does it cost to use Taho Wallet?
Taho takes a 0.5 percent swap fee, and that revenue goes to its community. So by using Taho Wallet, users get to pay the lowest fees, Keep more of their benefits, and use the wallet's development.