On August 25, the Indian cryptocurrency platform SunCrypto announced the launch of a new feature called Web3 Mode within its application, aimed at enhancing the experience of its 2.5 million users. This new functionality allows users to access a vast array of more than 50,000 decentralized tokens effortlessly, complete with Indian Rupee (INR) on-ramps.
According to Umesh Kumar, the co-founder and CEO of SunCrypto, the introduction of Web3 Mode is a game-changer for individuals looking to engage with the Web3 ecosystem. The feature simplifies what was previously a complex and multi-step process into a single-click action. Kumar expressed pride in the fact that this significant advancement was achieved entirely by SunCrypto’s internal development team. “We have focused on advancing our presence in the Web3 space,” he stated, emphasizing the commitment to making crypto and Web3 access streamlined for everyone in India.
The Web3 Mode allows users to explore and invest in tokens not yet available on centralized trading platforms, thereby offering unique opportunities to participate in a more dynamic range of digital assets. Kumar noted that managing numerous tokens can be an operational challenge for centralized exchanges like Binance, which typically handle fewer than 1,000 tokens at a time. In contrast, the decentralized finance (DeFi) model thrives on automation through self-executing smart contracts, which alleviates the heavy burden of manual management.
With this new feature, SunCrypto users can access fresh and pre-launch tokens from a variety of established blockchain networks, including Base, Solana, Binance Smart Chain, and Polygon, among others. The integration of a straightforward INR on-ramp enables Indian users to purchase foundational tokens like ETH, MATIC, USDT, and USDC easily through the SunCrypto app. Once acquired, these tokens can be transferred to the Web3 Mode wallet, allowing users to engage in the broader decentralized environment.
To further enhance user experience, SunCrypto is working on a unified deposit and withdrawal system, making it effortless for users to move funds between their conventional wallets and the new Web3 Mode. Additionally, users will be rewarded with “Sun Alpha Points” based on their transaction activities within the Web3 Mode, creating a more rewarding investment and trading environment.
This development follows SunCrypto’s introduction of an Over-the-Counter (OTC) Trading desk earlier in the month, catering to high-net-worth individuals, family offices, and institutional investors—an increasingly lucrative segment of the market. The company has set an ambitious goal of reaching $100 million in assets under management (AUM) by the end of 2025 through this new offering.
A disclaimer notes that investments in crypto products and NFTs are unregulated and carry substantial risks, which can result in losses without regulatory recourse. The article further clarifies that it is part of a paid consumer connect initiative, underscoring the importance of independent verification of information and the necessity for investors to conduct their own research before making financial decisions.
