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The centralization of messaging data is a hotly discussed topic; we as humans value privacy above many other facets of our life, it’s an instinctual desire to know that our conversations aren’t being peered into and stored away. That notion carries with it significant feelings of discomfort for a vast number of instant messenger users who use these applications as part of their everyday life.
The collection of conversation data is itself a very dated practice and other than keeping watch for criminal activity, what other use is there for the majority of conversations that are simple and without malicious intent? The Orwellian practices are to be taken to task and a Blockchain startup from St Julian, Malta is releasing a phone and messaging app designed to bring about a radical change in how individuals and organisations interact through communication applications.
ySign are releasing a decentralized messaging App based on Blockchain technology and the NEM network. It introduces the tech into the mainstream through a conventional format; this makes it accessible to users who wish to keep their conversation data anonymous and under their control, which is likely billions of people.
The still-in-development ySign messaging application doesn’t collect personal user data, requiring only a username and password to register. Every user will have a unique ID address of which only the last six digits are displayed, or they can switch to their username if they so wish while also giving the user the freedom of choice to store their messages or delete them whenever they want to to do so.
ySign CEO, Ivan Vujic stated:
“Our vision is that of total freedom of communication – a world where technology enables people to enjoy full freedom of speech and freedom of expression. We are confident that, through our expertise and hard work, we can use technology to both advance and simplify the concept of global communications as a whole and promote enhanced connectivity between people – wherever they might be located.”
The ySign Token Sale
ySign will be using an ERC20 standard token, YSN, and also accept XEM tokens; users will be able to utilise these tokens for future applications. The YSN token private-sale has ended (March 15th, 2018) and now they are in the midst of their Pre-sale token generation event (TGE) which began March 21st, 2018 and will end April 18th, 2018. The Company has a bonus structure for the Pre-Sale TGE which goes as follows:
– 1st week: 10 000 000 Tokens for 0.00018 ETH/0.43 XEM per Token
– 2ndweek:10 000 000 Tokens for 0.00036 ETH/0.85 XEM per Token
– 3rd week: 10 000 000 Tokens for 0.00054 ETH/1.28 XEM per Token
– 4th week: 10 000 000 Tokens for 0.00072 ETH/1.71 XEM per Token
The main sale period will begin shortly after, starting April 19th, 2018 and ending just over two weeks after on May 4th, 2018.
To find out more, visit the ySign Website: https://www.ysign.io/#coin