● Bitcointalk ● Telegram ● Facebook ● Twitter ●Steemit
Development progress MESSENGER
To ensure the decentralization of the e-Chat network, we’ve combined technologies such as IPFS, P2P, and blockchain. Primarily, it concerns with the correspondence of users. Peer-to-peer (P2P) computing or networking is a distributed, application architecture that partitions tasks or workloads between peers. Peers are equally privileged participants in the network and form a peer-to-peer network of nodes. InterPlanetary File System (IPFS) is a protocol designed to create a permanent and decentralized method of storing and sharing files.Nodes in the IPFS network form a DSN - Decentralized Storage Network. The development of IPFS started in by Protocol Labs (with help from the open-source community). Initially, it was designed by Juan Benet.
When you send a message from one user to another, you connect through a P2P connection. If the instant access to data is not required, all information is being stored to the IPFS-based decentralized storage network (DSN). Thus, all user data remains protected from any interference.
Market
PROTOCOL OF ENCRYPTION
We are using MTProto - the best encryption algorithm, which was developed by the creators of Telegram. This protocol has the following features: High-level component (API query language): defines the method whereby the API queries and responses are converted to binary messages. Cryptographic (authorization) layer: defines the method by which messages are encrypted before being transmitted through the transport protocol.
MULTI-CURRENCY WALLET
e-Chat is a multitask messenger with the possibility to make P2P (person-to- person) transfers in cryptocurrency. ICO e-Chat is a multitask messenger with the possibility of P2P (person-to- person) payments using ECHT token.
It is created on the Ethereum blockchain, maintaining the ERC20 standard. e-Chat will be implemented on a public Ethereum blockchain as an ERC20 token of Ethereum blockchain. ERC20 is the current industry standard for the emission of digital assets and smart contracts.
The ERC20 token interface allows you to deploy a standard token which is compatible with the existing infrastructure of the Ethereum ecosystem, including development tools, wallets, and exchangers. The ability to deploy Ethereum turing complete smart contracts without any mediator (guarantor) which supports the implementation of a complex cryptocurrency issuance, financial agreements, and automated incentive structures. This ecosystem is ideal for e-Chat function and multi- currency wallet, allowing you to make transactions using ECHT token, as well as the most popular cryptocurrencies - ETH, BTC, LTC, ZCH, etc. An additional benefit is a minimum commission between the interlocutors, all with a single click.
Additional pros for e-Chat token holders At the moment, users have only 2 options to generate income from their investments in ICO projects:
• Mining of a certain cryptocurrency
• Coins trading on crypto-exchanges
Mining will cease to have economic feasibility without a huge investment of money and time. Trading on crypto-exchanges is also subject to risks and requires much experience and skill sets. For these reasons, e-Chat envisages a more traditional and transparent plan for monetizing the funds invested during ICO by paying dividends for the holders of ECHT tokens.
Explanation for increasing the growth of the exchange value of the ECHT token
1. As the number of users, the amount of information, and content in the messenger grows, the amount of memory allocated to users will be filled, which will require the addition of other tokens from the users. This will be a symbolic number for large amounts of memory, but in the context of millions of users such a demand will be significant for increasing the exchange rate of the token on the market.
2. The second aspect of increasing the exchange rate is the ability for users to purchase the eternal volume of memory for a fixed price in tokens. With this «purchase», the token will be burn out, which in the medium and long term will cause the deflation process and with the decrease in the number of tok ens in turnover, additionally contribute to the increase in the value of the token and its exchange rate on the market.
Tokens Distribution. Emission
This amount is based on the fact that in 2017 the messengers mark et has 3.5 billion users. Moreover, we know that all popular instant messengers suffer considerably from one common problem - monetization. e-Chat creates a new integrated model, allowing for the use of all messenger functions for free, as well as to earn money and make purchases. Thus, we create the infrastructure to monetize the project efficiently. It includes areas for communication, streaming, blogging, financial transactions, data transmission, telephon y, integration of obile games, and applications.
Token Sale (distribution)
Token distribution phase #1 Pre-ICO
Start date: 16th of October 2017 (12:00 PM London Time, GMT-0)
End date: 15th of November 2017 (12:00 PM London Time, GMT-0)
e-Chat tokens distribution cap (phase #1): 5,000,000 ECHT
Currency accepted: ETH, BTC, LTC, ZEC, BTS
Token exchange rate: 1 ECHT = 0.7 USD
Amount of tokens per one person: unlimited
Minimum transaction amount: $10
Maximum transaction amount: unlimited
Token distribution phase #2-3 ICO
Start date: 16th of November 2017 (12:00 PM London Time, GMT-0)
End date: 30th of December 2017 (12:00 PM London Time, GMT-0)
Currency accepted: ETH, BTC, LTC, ZEC, BTS
Amount of tokens per one person: unlimited
Minimum transaction amount: unlimited
Maximum transaction amount: unlimited
Token distribution phase #2 ICO round 1
Start date: 16th of November 2017 (12:00 PM London Time, GMT-0)
End date: 15th of December 2017 (12:00 PM London Time, GMT-0)
Token exchange rate: 1 ECHT = 0.75 USD
Token distribution phase #3 ICO round 2
Start date: 16th of December 2017 (12:00 PM London Time, GMT-0)
End date: 30th of December 2017 (12:00 PM London Time, GMT-0)
Token exchange rate: 1 ECHT = 0.8 USD
Use of funds
• 30% - Development
• 48% - Marketing & PR
• 10%- Reserve Fund
• 12% - Founders
The distribution of tokens
• 92% - Token Sale
• 7% - Referral Program
• 1% - Bounty Campaign
Marketing Plan
The cost of marketing a project is one of the most vital items of expenditure. By understanding this business function’s role, we have built a competent team with significant experience in the field of promotion for mobile applications. Therefore we can calculate the entire budget and create promotion for our application with extreme accuracy. To calculate the subsequent budgets and the expected results, let’s take the
The goal of the marketing campaign is distribute engaging content about the existence and benefits of the project. And with that contenta community of people who see that they can trust all their communication to our application.. In addition to the community of active users, we also build and nurture of a community of interested investors who have a unique opportunity to gain access to the distribution of profits.
The marketing campaign of the application includes the following, but not the final lines of activity. It is important to take into account that the overall success of the marketing campaign is built on the combination of various marketing tools.
● Bitcointalk ● Telegram ● Facebook ● Twitter ●Steemit