e-Chat, a social network startup for a new generation that allows you to be in touch with loved ones and make new acquaintances, has announced the first stage of initial coin offering (ICO). The product developed by the e-Chat team combines such functions as: the possibility of a classic messenger, finance (multi-currency crypto-wallet, with the ability to connect bank cards and other payment services), quality content and data protection.
e-Chat is the first to offer decentralized messenger with capabilities of a multi-currency crypto-wallet. Over the years, cryptocurrency market increased more than 7 times from $12 billion up to $90 billion in 2017. With e-Chat, you can initiate an instant transactions to your friends, pay for online and offline services, as well as payment for the services within its internal messenger ecosystem.
e-Chat does not disclose the location of its development team for fear possible pressure from law enforcement agencies and governments. So how is e-Chat different from the traditional messengers? According to the company, e-Chat is a secure, decentralized messenger not controlled by any state and can not be blocked, because it does not have any centralized servers and all information is stored in a distributed storage. Also, multi-currency wallet is integrated within e-Chat, where you can store various currencies. You can use these funds to cheer your friends for interesting content in the news feed by so-called “cryptolike”, a unique feature that has never been implemented. The cryptocurrency wallet built-in the messenger gives the opportunity to take a fresh look at the interaction with the content.
On a final note, e-Chat is not currently available to US users. “We certify that the ECHT tokens can not be classified by SEC and / or other competent national authorities as “security” and can be freely traded in any country of the world, including the USA,” the company said.