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A Top-Tier Security Protocol for pe3qing into, validating and bridging offline cold storage hardware wallets in real time.

Basically, connecting both your public (hot) wallet and your private (cold) hardware wallet together and making both accessible in real time to whomever you choose.

A hot wallet and a cold wallet are terms used to describe where and how cryptocurrency is stored. The main difference between these two types of wallets lies in their connectivity to the internet and the subsequent implications for security and convenience.

  • Hot Wallet: A hot wallet is a digital wallet that is connected to the internet. It allows users to quickly access and transact with their cryptocurrency. It is typically used for day-to-day trading and transactions. Hot wallets can be accessed from anywhere as long as there is an internet connection, making them highly convenient. However, because they are online, hot wallets are vulnerable to cyber threats, including hacking, phishing attacks, and malware.

  • Cold Wallet: On the other hand, a cold wallet refers to an offline wallet used for storing cryptocurrencies. This type of wallet provides an added layer of security as it is not connected to the internet, making it immune to online-based cyber threats. Cold wallets are considered a safer place to store large amounts of cryptocurrency, especially for long-term holding. Examples of cold wallets include hardware wallets (like Trezor or Ledger), paper wallets (where private keys are printed on paper), or even metal wallets (where private keys are etched onto metal for durability).

 

It’s important to note that while cold wallets provide a higher level of security, they lack the convenience of hot wallets. Transactions cannot be executed in real-time and require a process to transfer assets from the cold wallet to an online platform. Therefore, many cryptocurrency owners use both types of wallets, storing the bulk of their assets in cold wallets for safekeeping, while keeping a smaller amount in hot wallets for active trading and transactions.

PE3Q Security Tokens are ERC-721 NFTs on the Ethereum blockchain.

They are always ‘Minted’ in pairs allowing for a quantum-style entanglement of their properties that effectively ‘ping’ one another allowing for a remote location beacon to become activated. 

Basically, one token always knows where the other one is located across the vastness that is the crypto blockchain; effectively allowing the 1st token to PE3Q into a remote wallet’s contents.

Not as of today.

Our plan is to charge $50 USD to mint (2) PE3Q Security Tokens in the future. Expect this to happen late summer 2023.

Of course, you will always have to pay Gas to move those tokens from wallet to wallet.

It’s pretty simple and shouldn’t take more than 10 minutes to complete the procedure. Please be sure you have access to both a hot wallet (metamask/coinbase) and your cold storage wallet (trezor/ledger) before beginning.

  1. Click “Connect Wallet” in the top corner of the screen and Mint (2) PE3Q security Tokens with your HOT WALLET ONLY (never your cold storage). After a few explanation videos/pages, you will be taken to a “Mint Now” page.
  2. Click the “Mint Now” button and then the “Connect Wallet” button.
  3. Choose the Hot Wallet program/app you are going to use. (like Metamask)
  4. The app/plugin should open and ask you for your password/thumbprint/authorization to connect. If you have multiple wallets, it will ask you what wallet you wish to connect to proceed.
  5. Before fully authorizing your app rights, you will please notice that we are only requesting “See address, account balance, activity and suggest transactions to approve”. We DO NOT and WILL NOT ever ask for anything other than these permissions. 
  6. Click the “Connect” button to connect the minting site to your wallet.
  7. Please choose (2) tokens to Mint. No more, no less.
  8. Your app will then ask you to “Confirm The Transaction” and pay Gas (usually in the $1-$3 range), Click the “Confirm” button.


Wait a few minutes for the transaction to propagate throughout the Ethereum network and your transaction to be completed.  (a hack is to goto opensea.io and connect your wallet to view all your NFT tokens, you should see both PE3Q Security tokens in your wallet usually much faster than it would show up in your app’s token list)

Now that you have your tokens, let’s begin the “Security Loop”:

  1. Send/Transfer BOTH Tokens from your hot wallet to your Cold Storage wallet. Yes, Both. You must send each of them one at a time and pay gas for each transfer separately. Remember: It is VITAL that you never try to retype your cold wallet address, you are 100%  guaranteed to mistype your 42 number/character wallet combination. Always copy/paste… always!
  2. From within the OpenSea.io website,  click on the 1st PE3Q security token and look for and click the “paper airplane” icon near the upper right corner of the webpage.
  3. PASTE your cold storage wallet address into the box labeled “destination” (DO NOT TYPE) and click the “transfer” button.
  4. Your app should open and ask you to confirm the transaction and pay gas. Click the “Confirm” button.
  5. REPEAT steps 2, 3 & 4 with your “other” PE3Q Security Token. Remember, you must move BOTH tokens from your hot to your cold wallet. 
  6. Once you have moved both tokens to your cold storage wallet, open your hardware wallets program/app and confirm that both tokens have indeed been transferred over successfully. 
  7. Now for the LAST STEP: Simply Send/Transfer either one of those tokens back to your original warm wallet address. Be sure to COPY/PASTE your hot wallet address into the send/transfer box and then confirm the transaction.  This process ensures that you do indeed own, have direct access & rights to this cold storage/hardware wallet.

Let’s double check that you have a single PE3Q security token in each of your hot and cold wallets and that our security loop procedure was followed correctly. 

Go to: https://dev.pe3q.io/pass  (Still in beta)

Connect your hot wallet. This will test the security loop and ensure that your tokens are setup correctly. If there are issues, the security tool will let you know the point of failure and how to fix it.

Simply put, being able to use, show, flex, display and validate that you do indeed own the cold storage assets that you say you own directly from your hot wallet .. in real time.. 

Some examples of this include, but are not limited to:

  • Using your highly sought after and expensive NFT as a ticket to an event, convention, yacht party or nightclub without ever having to connect your cold storage wallet to any potentially compromised website.
  • Providing proof of crypto token ownership to a 3rd party. It has become common for shareholders to be paid out in crypto and if those shares are of any real value, a hardware wallet tucked away in your safe is the only real solution for long term storage.
  • Corporate shared wallets can now be pooled and displayed from multiple members’ hot wallets (phone) and can be used to prove secret identities all the while allowing the member to ‘flex’ at whim.
  • Financial consideration for loans against the value of your NFTs & Crypto can now be valued in real time directly from a user’s hot wallet (phone).
  • The renting out of NFTs does not need to entail actual transfer of ownership, sharing of security keys or wrapping the NFT up in a ‘vault’. By integrating with PE3Q, a simple token security procedure allows for the rental industry to flourish without the fear of connecting assets to a service.

Simply “Burn” either one of both of your PE3Q NFT tokens and the connection is destroyed. 

You do not need to log into any special website or ask us to sever our connection to your wallet.

To burn an NFT, simply Send/Transfer the NFT to this address and pay the gas to confirm the transaction: 
0x000000000000000000000000000000000000dEaD

Simple, easy and 100% in your court.

All NFTs/Crypto are stored on the blockchain.. always and forever. The blockchain is an immutable public ledger that is not owned or managed by any person or company. Everything on it is 100% public, provided you know how to read it.

The ‘secret’ of cold storage/hardware wallets is that the layer containing your security keys are stored in your offline hardware. That’s what’s actually going in your safe… the key, not the crypto.  This revolutionary idea makes it virtually impossible to gain access to them without also having access to the physical hardware and some sort of Passphrase/PIN.

Most marketplaces/crypto websites can tell if your wallet is either hot/warm/disposable OR if it’s cold/offline/secure/tied to a hardware key.  If the ‘flag’ is set to secure, they typically choose not to show/share the assets attached to that wallet address. It’s important that you know that 100% of your assets can still be found if you are reading directly off of the blockchain. 

Our technology simply exploits this knowledge and through our patented security looping process, we can not only validate your remote assets but also ensure they do indeed belong to you; all while having ZERO access to any of your wallet’s contents.

We are a “Read-Only” company.. merely pe3qing 😉

Basically, if hackers gained access to our entire backend servers and rummaged through our databases, they would recover nothing but a collection of wallet addresses that are using our service; that and a few timestamps.  Literally, they would get the same results as if they were to read through the blockchain contracts that govern our minting procedures and trace everyone’s wallets that own an NFT of ours. 

Our philosophy: 
If we don’t have actual access to anything…

              …neither will any groups that penetrate our defenses! 

tldr; Your wallets are safely connected to us because you never gave us rights to do anything with them in the first place. 🙂

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