Considering the fact that communication has been a key component of human existence since time itself began, it is only fitting that we regularly find new ways to make the conveying of information more secure.
The technological advancements over the past few decades has brought us to a point where we can literally connect with people in real time without physical contact. However, like every other invention before this, it is not without it's own downside. Communication through social networks enables us to share messages, visual and even audio files in a supposedly secure manner. But, do we actually think our data is as secure as it seems?. Sadly, the answer is “No". All the social networks currently available for use have loopholes which have frequently been exploited by hackers which could have damning consequence for the user. Another issue comes in form of the self seeking management companies who can often monetize your data and the stats generated by selling to third parties.
If there is a major point that can be inferred from the previous paragraph, it is the fact that “Insecurity of data" happens to be a major concern of people who make use of chatting applications and social media in general. However, a major good news for us at this point is that Man has not retired in the hunt for perfection and I believe that I have come across a project that could propel us into a futuristic chatting industry.
Introducing Hypnoxys
Hypnoxys is a multifunctional decentralized messenger which has it's architecture based on P2P communication, distributed data storage in IPFS and end-to-end encryption. The team behind the platform is focused on decentralization of data, confidentiality and resistance it to attacks (security).
What do you stand to gain while using Hypnoxys?
The Hypnoxys protocol offers it's users a number of interesting features which include;
- Payment for using the app: The Hypnoxys protocol offers users the opportunity to earn while using the app as long as you can afford to stake 5 million HYPX tokens which is the local token within the Hypnoxys ecosystem. You will then automatically earn if you decide to view ads and based on the length of time spent on the app.
- P2P and end-to-end encypted chats: All chats on the platform go directly from the sender to the recipient without the participation of servers. By building the Hypnoxys platform on the Ethereum blockchain, any chance of user correspondence being intercepted is eliminated.
- Enjoying the best of blockchain technology without concerning yourself with the fundamentals: The Hypnoxys platform leverages on blockchain technology to offer you the best possible chatting app without requiring you to have any prior knowledge of blockchain technology.
Features of the Hypnoxys platform
- Individual and group text chats
- Public groups and chats
- Audio calls
- Video calls
- HYPX transfers between users
- The accelerator of ads revenue
Tokenomics and ICO details
The official token of the Hypnoxys platform has a ticker “HYPX" and it is of ERC-20 standard. The total supply of HYPX tokens stands at 42.5 billion but the circulating supply will be about 26 billion due to private investors token being locked. The HYPX has a unit price of $0.0002 and exchange listing can be expected by 11th of March.
The ICO closed after the project hit it's hardcap (about 31 billion tokens).
Closing thought
There is no denying the fact that Hypnoxys seems like a really great development in a world where people often feel insecure when exchanging valuable information. Hypnoxys definitely looks a project with a bright future. However I will like to to do your own research about the platform before making any commitments.
If you intend to learn more about Hypnoxys, you can visit any of the links listed below;
Official Website: https://www.hypnoxys.com
Telegram: https://t.me/hypnoxys
Whitepaper: https://hypnoxys.com/docs/HYPX-whitepaper-0.8.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5112908
Twitter: https://twitter.com/hypnoxys
Android App: https://hypnoxys.com/apps/android/hypx_0.6.2.apk
Authors Btt Username: mtbosede
Authors Btt Url: https://bitcointalk.org/index.php?action=profile;u=2407189
