It’s not very often you come across an ICO that outlines a clear vision for the future growth and has a working product to substantiate it’s claims. ICO’s often lack the details regarding the exact target market, size of the industry, market share aimed, revenue estimates and a fair value of the project etc. Therefore, it was refreshing to see an ICO with tremendous potential providing a crisp and clear picture of what the company is doing, what the company aims to achieve and what the future looks like in its Whitepaper. I am referring to Suchapp, the world's first 5G messaging ecosphere. A quick look at Executive Summary will give a rich insight into the present and the future of Suchapp.
Suchapp is aiming to disrupt the social media/messaging industry with its revolutionary multi-channel messaging platform built on enterprise-level blockchain. It addresses real-life problems that currently plagues the social media/messaging industry. The established players provide messenger services in fragmented target segments and a few features as differentiators with limited ability to integrate and communicate with other platforms. This forces a user to use multiple platforms to communicate with various groups and individuals.
Suchapp provides an all in one integrated app that not only combines the features of nearly all popular messenger platforms, but also a multi-notch stepped up platform that offers a powerful app for the blockchain era. The feature-rich platform offers an enterprise-level security and robustness. It has some powerful features that will put the popular messaging platform to shame.
Privacy
Established players have failed the users by leaving them vulnerable to exploitation by using personal data unethically, often without consent. The recent Facebook-Analytica scandal is one such disgrace came to light recently. Being built on blockchain platform, Suchapp is secure and privacy of your data will never be compromised.
4K video calling capabilities
Ever wondered why we can stream ultra HD movies and videos without any lag and buffering time, but when we make a video call, the quality of the images degrade considerably and call drops often? Well, not anymore. With Suchapp’s 4K filters, broadcasting live 4K videos to friends, families and businesses would be seamless.
Find new friends and interests
The GPS enabled radar group finder can assist you in finding new friends who share your passion and interest in your neighbourhood. Unlike applications like meetup, you will be constantly connected to your friends and interest groups through Suchapp and can receive updates from them in real-time.
Mobile commerce
The global mobile commerce market today is dominated by giant retailers such as Amazon, Alibaba. Small and medium businesses struggle to compete with them as there is no integrated platform exists for them to communicate, trade and transact. Suchapp can change all that by providing a single platform for communication, trading of goods and services and making/receiving payments through Suchapp’s SPS tokens.
Potential market and valuation
Suchapp is targeting a global market that is ready for disruption with matured audience prepared to make a switch when a better alternative is available. Suchapp aims to be amongst the top 5 players in the social media/messenger industry in the next 5 years. With a worth of $90 billion currently, which is expected to be worth more than $120 billion by 2020, the global social/messaging industry presents a huge opportunity for Suchapp to capitalise on the blockchain revolution, and grab market share from existing players known for data integrity and privacy concerns. In addition, the estimated mobile commerce market worth $467.3 Billion by 2019 offers another growing revenue stream for Suchapp to benefit from.
With so much going for Suchapp, growing to be top 5 messenger app seems fairly possible. Even on conservative estimates, Suchapp can be worth $10-12 Billions in about five years by gaining market shares from existing players and capitalising on the blockchain revolution. It would give an estimated value per coin of $4-5 (given Total Supply of 2.5 Billion), potential 80-100x return in five years. I am definitely investing in such a potentially life-changing opportunity.
Pushpraj Joseph