ChatCoin

ChatCoin (CHAT) is the cryptocurrency employed on the OpenChat messenger platform. According to the whitepaper, the OpenChat project is a set of spread protocols based on blockchain technology. OpenChat provides an application network that is a decentralized, global, and symbiotic application market. The network users can download the products delivered by third-party application developers. The users earn access to the app by delivering practical action, and developers can earn ChatCoin by issuing decentralized applications (DApps).

OpenChat seeks to maintain the network and make periodic adjustments to the developer reward strategy to control the strength of the symbiotic environment. Simultaneously, OpenChat aims to facilitate more developers to deliver creative DApps. The platform aims to create an open-source symbiotic economy where users and DApp developers become a community with shared concerns. OpenChat also provides many ChatCoin rewards to developers who make notable contributions to technological progress to encourage more developers.

CHAT is the native token of the ChatCoin platform operated on the OpenChat network. The CHAT tokens made by the BIMP protocol supported in BIMP-based chat tools. BIMP refers to the Blockchain-Based Incentive Mechanism with Privacy Preserving in background verification. The tokens are utilized to issue rewards, pay users, and other various functional applications. As a user, ChatCoin rewards provided by a DApp developer are granted by proof of valuable activity. Proof-of-activity (PoA) is a blockchain consensus algorithm employed in cryptocurrencies and similar systems.

The team members of the ChatCoin platform are: Oscar, the senior software engineer; Nell, the Java engineer; and George, the database and back-end senior software development engineer. Mia serves her expertise with ten years of experience in the legal background. The total supply of tokens is 1,000,000,000 CHAT.