# VEXT Wallet

## What is it?

VEXT Wallet is a custodial single-chain solution run on Polygon that acts as the gateway to the Veloce Ecosystem and an easy recovery option.

## Why VEXT Wallet is important?

* Large, well-established, and active community of users, developers, and other stakeholders who contribute to the VEXT Wallet network's growth and development;
* Scaling solutions reduce the emissions associated with transaction validation;
* Veloce ecosystem’s technology stack reflects it’s sustainability mission to align with Veloce’s value proposition to bring mass adoption to Web3;
* Compatibility with Ethereum's developer tools and ecosystem by one of the first and longest-running Ethereum Virtual Machine (EVM) chains;
* Similar to traditional payment card transaction speeds (e.g., Visa) - up to 65,000 tps.

## Benefits of having a VEXT wallet

* Easy email login onboarding with few clicks via dApp;
* Seamless banking apps like transactioning process;
* No overcomplicated features (12/24-word seed phrases and others) that usually make jumping into Web3 a headache;
* No gas/transaction fees (Veloce covers it to help VEXT holders fill their coin jar);
* Use the coin jar to play games like Boost in the dApp instead of paying for fees.