echat-messenger-ico-review
Company: e-Chat
Industry: Messenger / Social Network
Website: https://investors.echat.io/
Whitepaper https://investors.echat.io/static/doc-pdf/en/e-Chat_Whitepaper_ver1.3.pdf
Headquarters: Hong Kong
Token: ECHT
Platform: Ethereum
ICO Timeframe: 11/16/17 – 01/31/18 (Pre-sale & ICO)
Token Supply: 300,000,000 ECHT (92% Crowdsale)
 Score:  59/100

 

eChat is a decentralized multi-tasking messenger with multi-currency crypto-wallet capabilities. The project incorporates a messenger app (chat, audio and video calls), personal finance (receive, transfer and exchange money using integrated multi-currency crypto-wallet or attach your credit card to pay for goods and services) and viral content combined with privacy and security ensured by the blockchain.  e-Chat Messenger has all the standard functions such as the transmission of text, images, voice, video, files, stickers, secret chats, etc. but also offers additional functionality, such as swiping left or right to switch between chats, rooms and channels.  The e-Chat platform will also allow bots for a variety of tasks.  All data is encrypted with MTProto and diffused over the network of millions of computers around the globe. The highest level of security and privacy will be provided by proof-of-replication and proof-of-spacetime consensus.  eChat will also allow users to monetize their social profile on the platform through paid chats and advertising using the ECHT token as well as generating revenue from “likes” on an individual’s content.

 

PROS:  Already functioning system, large potential market of 3 billion users, decentralized personal data protection, difficult to monetize messengers successfully.

 

CONS:  The messenger / social network segment is a highly competitive marketplace with large established players, significant marketing spend will be required to drive user adoption, lack of identified blockchain programmer on their management team.

 

SCORE:  59/100