e-Chat ICO Review
. I t k a while investigating it l ks quite legit вЂ“ the project, the team and the working product theyвЂ™ve already got to offer about it and.
e-Chat is a chat that is mobile just like WhatsApp or Telegram. Its founders have released the app both on the play and application stores. The app is basically a clone of Telegram that allows you to send and receive encrypted messages across a decentralized P2P network as for today. Quite c l, but in accordance with devs that are e-Chat this really is only the start.
The team behind the project got plans that are quite amazing e-Chat. If all goes as planned, e-Chat might become the next thing that is big. I’d like to explain why by comparing it to Telegram first.
e-Chat vs. Telegram
You probably understand and possibly even use Telegram. Telegram may be the WhatsApp for folks who like privacy and decentralization. Telegram encrypts messages on both ends, enabling users to take pleasure from personal conversations without anybody spying in it.
e-Chat offers the kind that is same of by having a twist. You can say that e-Chat is Telegram having a lot of additional functionalities ( the majority of that are nevertheless under development), making it a solution that is all-in-one day-to-day tasks, when the software becomes what it really is prepared to be.
The ICO is aimed to (a) improve the funds to allow team that is e-Chat develop the app and (b) launch ECHT tokens to the public which can be essential for some of the most important e-Chat functions to the office (more on that in a little)
Some tips about what e-Chat aims to become next 12 months
вЂ“ Decentralized encrypted messenger. This really is something e-Chat already is вЂ“ an app that allows you to send and receive messages while enjoying full privacy. The network is P2P, which means that no government or hacker can shut the servers down and kill the application or steal sensitive user data by hijacking one of many servers.
вЂ“ Personal finance center, letting you deliver, receive and exchange currencies that are multiple. State, you wish to deliver some cryptos or fiat money to the person chatting that is youвЂ™re. e-Chat will allow you to accomplish that directly from e-Chat user interface. It is possible to connect your charge card to that it is in a position to buy services and products t .
вЂ“ Multi-Currency Crypto Wallet. To help make the feature that is previous, e-Chat messenger includes a multi-currency crypto wallet that is, of course, totally private and not supervised by anyone you.
вЂ“ Content browser. E-Chat enables you to make your own talk teams and join ones that are existing. The innovation the following is that e-Chat provides having a rating system and numerous team options, making it easier for folks to find the best content. You can also personalize your feed by following the content creators you want.
вЂ“ Social Media. The above mentioned means that e-Chat aims to become some form of social networking, where individuals can select how they share their content. This can create a operational system which will make it easier for content creators to obtain followers and make money from it
вЂ“ Income Generator. People receives a commission for posting content that is great YouTube, Blogspot and other sites. Nonetheless, it’s no secret that for every single term we compose on a blog, you can find 1000s of terms we write into the talk screen. Just What if we could monetize what we compose on chat? E-Chat allows you to monetize your best chat communications by allowing you to receive recommendations.
Essentially, any great joke or helpful comment in a chat group can potentially bring about some cash that is extra. Any great picture or video you give your connections will potentially trigger income.
Also, since e-Chat can be a kind of social networking, your supporters will be able to support you without the necessity of utilizing Patreon or every other services that are third-party. In brief, thanks to the finance that is personal functionality, e-Chat causes it to be simpler for you become rewarded for posting quality messages and content.
e-Chat Coin (ECHT)
Why Would e-Chat Need Its Own Token?
According to e-Chat web site, вЂњAll tokens holders get additional r m in the distributed information shop (IPFS), due to which correspondence and user content is not saved regarding the device and does not have a central host.вЂќ
So this fundamentally implies that your entire conversations that are e-Chat shared files are not saved for a committed server. Rather, the given info is encrypted and scattered around other usersвЂ™ devices. Tokens are designed to control the total amount of information every user gets the directly to store through IPFS.
Every purchase is eternal, meaning that the right to make use of specific amount of storage area doesn’t expire as time passes. Each time you purchase certain quantity of storage, a equivalent number of tokens is destroyed.
e-Chat ICO and Investment Leads
e-Chat ICO is on its very first stage, during which you are able to get tokens at a discount that is huge. I will make contact with it ina moment. You will be probably interested in getting your hands on some ECHT tokens while those are quite cheap if you are a person who would use e-Chat on a daily basis.
However, can there be method an investor can benefit from the discount?
From the things I know, ECHT tokens might be a serious nice investment that is long-term. This is because simple вЂ“ as time passes, the tokens will experience serious deflation. Combine that because of the escalation in demand of this token with every brand new e-Chat individual and as a result we get a token that naturally rises in price on a monthly basis.
Now, How about the ICO?
e-Chat ICO is on its very first round. Contributors have a wh ping 25% discount вЂ“ the token, being originally priced as $ 1 USD per ECHT, has become priced at just $ 0.75 USD per ECHT. Round 1 can last for another 22 days, after which it the discount shall be decreased to 20%.
There is certainly another means of getting your hands on some ECHT tokens, which can be by mining. Mining ECHT is mostly about lending your free HDD area to other people. You know how it works if youвЂ™ve done SIA or Storj mining before. The only difference is that here, every gigabyte you allocate increases the odds of you obtaining a reward. This algorithm is called вЂњPr f of ReplicationвЂќ.