On October 16th, 2017, the e-Chat development team launched their token pre-sale of the decentralized messenger based on blockchain technology. e-Chat combines all the advantages of a classic instant messenger and a modern financial management tool (multi-currency crypto wallet with the ability to connect bank cards and other payment services to your messenger), which allows users to store, transfer, and invest digital and fiat currencies right in the messenger.
The main advantages of the messenger include:
- decentralized system of personal data protection;
- built-in multi currency wallet;
- completely new experience of interaction with the content
Protocol of encryption
e-Chat is using MTProto – the best encryption algorithm, which was developed by the creators of Telegram.
Now we can observe that at the request of state authorities, messengers decide what data can or cannot be exchanged. And even if the company refuses to provide such data, they can always be received using force, because all your correspondence and content on social networks are stored on physical storage media (servers) under the control of a particular country.
Decentralization is the solution to this problem. As the developers say, e-Chat provides a unique protection system for its users. In order to implement it, we used technologies such as IPFS, P2P, and blockchain. e-Chat is designed in such a way that even if entire countries or continents are cut off from the Internet, the system will continue to work.
Multi Currency wallet
All of us observed how the cryptocurrency market increased more than 7 times from $12 billion up to $90 billion this year, while the mobile payments market in 2017 amounted to $780,000,000,000 which shows their relevance for a modern messenger. With the help of e-Chat, you can make instant transactions to your friends, pay for online and offline services, as well as payment for the services in the internal messenger ecosystem.
The developers claim that in six months the application will reach 1,000,000 installations and 100,000,000 messages per day. This should significantly increase the price of the ECHT token. During the pre-ICO period, the token price is set at the level of USD 0.7.
The e-Chat whitepaper is available with more information.