Review on ChatCoin by Fabrizio Zampieri
OpenChat is an open-source and community driven organization, and is committed…
OpenChat is an open-source and community driven organization, and is committed to building the best instant messaging protocols and innovative technology products. The team's core mission is building an instant messaging software as a platform to serve advertising, mobile games, e-commerce, personal services and accessories services, constructing a well-established online market ecosystem, creating a “one-stop shop” emerging market life and work platform.
The team will continue to promote these services especially in the Middle East, South Asia, Central and South America, Africa and other growing emerging markets.
The main protocol deployed is a blockchain-based chat protocol called BIMP that is engineered from the XMPP protocol, empowering the use, transfer, and transmission of digital assets on top of communication functions. The OpenChat protocol is already widely used (currently being implemented by various products adopting its technology, totalling over 300 million end users around the world).
The OpenChat Reward Engine provides ChatCoin as a natural incentive for digital service providers.
OpenChat was founded by former Google engineers; other members of the core team have worked in globally recognized companies such as Apple, Amazon, and Huawei and have built many applications that are widely used all over the world today.
ChatCoin (CHAT) is a cryptocurrency. ChatCoin has a current supply of 1 billion CHAT with 690 000 640 CHAT in circulation.
CHAT is tradable on many and famous exchanges (Huobi Global, OKEx, ZB COM, BigONE, HitBTC, EXX, Coinnest and more).
Pros
- - High quality product (the protocol developed by the OpenChat team and the community has already been used to support many blockchain messaging and communication projects). - Social connections (in the OpenChat ecosystem, users can keep in touch with family and friends and build their own social circle, share social moments or other decentralized apps with their social network). - Virtual wallet (OpenChat will consolidate and integrate the wallet features for each account so users can monitor their balance, send money and other). - Digital Currency airdrops (through airdrops, new tokens will be introduced to the interested participants in the ecosystem as a way to increase circulation and gain attention as well as new followers for the blockchain project). - Well experienced team (former Google, Apple, Amazon, Huawei) even if they are represented with nickname on official website.
Cons
- - ChatCoin ROI: -97,55% (return on investment if purchased at the time of launch). - CHAT current quotation understimated. - Users must be patient: the project will show its great potential in the medium-long term.
