With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, TOK, a multifunctional decentralized chat application built on the Ethereum Blockchain has arrived.
"To say blockchain is a fast growing technology is an understatement — it’s actually the fastest growing innovation right now. For the most part, blockchain has disrupted quite a number of sectors chiefly payments and financial institutions. Of course, the biggest draw of this technology is its ability to offer efficiency and unmatched transparency; both of which are lacking in most of our traditional systems. What’s more, being able to transact with other users in a trustless and secure manner is huge.
That said, one can only imagine how blockchain technology can revolutionize social media. Or better still, how it can transform our existing chat applications. Today, it’s no longer news that everyone has a presence on social messaging sites. And of course, we’ll definitely love to have platforms that ensure maximum safety and security without sacrificing functionality."
With that being said, TOK is an integrated instant messaging application with features that are useful for personal and professional purposes. Webinars, collaboration documents, whiteboards, screen sharing, video broadcasts, advanced location features, and currency transfers are some of our core offers.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is TOK APP?
As depicted earlier and as indicated on the official website of TOK APP, This is a multi-functional decentralized chat application built on Ethereum Blockchain. While offering all the classic features of the chat application to users, it also offers a lightweight integrated cryptocurrency wallet. When communicating with family and friends through the TOK, this application will offer more functions compared to conventional instant messaging applications. TOK is an integrated instant messaging application with features that are useful for personal and professional purposes. Webinars, collaboration documents, whiteboards, screen sharing, video broadcasts, advanced location features, and currency transfers are some of our core offers.
TOK aims to build a new communication universe with faster, safer and personal communication that enables people around the world. TOK will be a new era of communication applications that will allow users to exchange data smoothly and safely not only through chat (Groups and Private Calls or Audio or Video but also empower their users with some additional features to help create a communication ecosystem that is not only conductive for personal but also for professional use or purpose.
Technology has its positive and bad sides. In the era of digital communication, one of the main weaknesses is the violation of user data; one that is a constant concern. With companies and hackers making money from consumer personal data, TOK aims to see the end of the fear that has engulfed the world with privacy leaks and hacking data.
Why You Should Choose Tok?
Secured User Data
One of the advantages of being on the Blockchain platform is the security of user data. User data breach will not be possible on TOK.
TOK alone serves as a multi-purpose chat application that can be used for personal as well as professional communication.
Flexibility & Easy to Use
Compatible on all devices and operating systems, TOK is easy to use across platforms. It's features are self explanatory yet unique in their offering.
Buy. Sell. Pay.
TOK features an in-built cryptocurrency wallet which will enable users to buy, sell and send tokens to anyone.
Talk to your friends, colleagues and relatives in the peer-to-peer encrypted chat offered by TOK which provides data security, high speed and efficiency.
We all know that it's easier to talk than text and thus we have enabled peer-to-peer audio / video calls for all our users. High speed ensures no lag time.
Video conferencing is getting easier with TOK. Whether it's 'one to many' or 'many to many' each network will enjoy a seamless and quality conference experience.
Geotagging & Direct tracking
Find your friends, and track their activities directly with the TOK. After the location is activated in the application, you can easily find friends near you.
Share collaborative files & documents
Be it a student project or a multimillion-dollar business plan, work together with your team to get the best results. Share files of all types and work collaboratively on documents easily.
Paying attention speaks louder than your enthusiasm. Served directly on the TOK, hosted a webinar and invited people to join. Your ideas / thoughts need a platform and audience, TOK gives you that.
You can share the screen just by clicking and giving a presentation or showing a business plan while traveling. Don't limit the 16-inch screen.
A lightweight internal cryptocurrency wallet will allow you to buy, sell or pay easily. All transactions are guaranteed through the blockchain framework.
The TOK architecture is developed based on P2P communication without server participation and therefore data cannot be stored anywhere at any given time.
The use of asymmetric end to end encryption along with peer to peer connections on the TOK eliminates the possibility of tapping user correspondence.
No Single Failure Point
TOK does not use servers to exchange messages, as well as to make audio and video calls, therefore, there is no central link, the damage can lead to unavailability of services.
Application of Smart Contracts
To attend or view a webinar, the user must pay. Neither the host or the participant pays to use this service payment made through a smart contract on the Ethereum platform using TOK tokens.
The absence of a server that stores user correspondence excludes disclosure of this information at the request of government agencies or hacker attacks.
This version of the TOK application was developed for all popular platforms.
IEO Coming Soon
Total Number of tokens for sale
325,000,000 TOK (65%)
Start: August 15, 2019 (00:00 UTC)
Tokens exchange rate
1 ETH = 203.970000 TOK
1 LTC = 88.610000 TOK
1 BTC = 9631.625000 TOK
Acceptable currencies: ETH, BTC, LTC
Minimum transaction amount: 0.05 ETH/ 0.0015 BTC/ 0.20 LTC
4%: allocated to the Advisory Board.
5%: allocated for Bounty, Referral, Community Bldg
6%: allocated for Market Penetration.
10%: allocated to growth and reserve funds.
10%: allocated to the Core team.
65%: allocated to Pre-sales investors and ICO.
Ideation Research & Development.
Team Planning Legal Consultation.
Recruitments VC Funding.
Centralized Chat & A/V Calling Feature Development.
Centralized Group Communication & Fire Sharing Feature Development.
Centralized Broadcast & Whiteboard Feature Development.
Centralized Screen Sharing & Paid Webinars Features Development.
Whitepaper Launch of Private Sale.
Launch of Pre ICO.
Beta Testing Cross.
Launch of ICO.
Mini Version Launch.
Launch of Centralized TOK App.
Multi Payment Gateway Set-up.
Launch of Decentralized TOK App (Beta Version).
Listing of Token on 3 exchanges.
Launch of Decentralized TOK App.
Raffaele Della Rotonda
Raffaele is a lawyer with significant experience in most areas of corporate law and data protection. He studied Data Protection law (GDPR) at the Groningen University and Cyber Security at the Deakin University and got a Master in Corporate Finance and Banking Law and a Master in Privacy and Data Protection. He works as an ICO & Legal Advisor for companies and public Authorities.
Erika has been working as Financial Reporter and Professional Trader before starting her career as ICO Advisor - covering financial aspects and investor relations. After studying corporate finance at the Trinity College Dublin and Business Law at the Heinrich-Heine-Universität Düsseldorf, she got a Master in Financial Risk Management. She works as an ICO & Financial Advisor for companies and public Authorities.
Nipoon is a Project Management and Business Strategy Professional with over 15 years of experience in various industries and has been responsible for the success of many projects across the globe. Nipoon is not only a Six Sigma Green Belt but also has a Dual Specialization in Marketing & International Business. He is on the board of Advisors for Project Planning and Execution of the entire TOK project.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
My Ethereum Address: 0xF3f7b9c45864006DBd1571De53d5847C0d11438c
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.