Interups Inc (ITUP)

[snow]

One thing to consider for both Laxmi and his people and all owners of the tokens:

I googled utan issue when it comes to the risk of having high value in one digital wallet. Digital wallets are very vulnerable and if the private key is somehow lost all value in the digital wallet is lost. I made a very quick google search to see if it is possible to circumvent this risk. Here is a quick comment I found (it is expatiated but I cite only the conclusion: "Bottom line

Use at least 4 wallets: one for managing day-to-day transactions on a centralized exchange, one for hooking up to DeFi, and two for storing larger amounts of crypto in cold storage either on a hardware device or a vault.

Avoid storing significant amounts of crypto on a mobile device or in one particular wallet."

Of course the same goes for tokens as for crypto because they are based on the same technology. In our case one option would be to have a digital wallet for every vertical, or even two if the value is for instance more than a million dollars. Doing this would entail a bit more work for both parties but it seems an obvious choice to me when a lot of money is involved.