Topic: 【ANN】 【ICO LIVE !】 🔥WWAM🔥 - Decentralized messaging protocol - page 36. (Read 27033 times)

The hard cap is 500k ETH. It's a far target, but I feel 500 ETH will be reached in few days at most.

However I'd close the 2nd ICO stage in case the minimum is already reached in the 1st stage. That would help on keeping the token's value.

The minimum is 500 ETH for the ico,it is very easy to reach!
The maximum limit is so high,if not reach the maximum, how to deal with the unsold coins?

Yes the bonus will motivante early investors, 500 eth is not so many, we will reach it without difficulty.
And with the team communication the ico will go very well for sure, they will manage it easily.
And with that we have a good project how can revolutionate a market and where blockchain still not exist, WWAM is going to be a great sucess !

Don't forget that first stage investors will receive a 15% bonus on their investment, so I think the 500 ETH will be collected in the first stage easily 

Don't forget that ETH went a lot up in the past few days, but generally agree that should not be problem for this project hit 500 ETH minimum.

Wow sir, you've been provoked to deep by people who want to bring down those companies, I've seen a lot of news like this before.
But they keep going okay, because of what?
Because the fair trade isnt for some people, but its for every people who know about what they actually do when they register there, for every user of those social media who can use his brain to know the ToS or the consequences if they are registered there.
So my point is, its not about being surveillanced 24/7, being sold as commodity, giving the hackers and other blackhat entities to hack your bank accounts, house, etc, have the chance of being bullied and blackmailed online. They are not actually like this.
And the real thing like this that ever really happened was the edward snowden case and it was very surprising to everyone. This is really a bad thing from the USA government.

So this project is not about get back our privacy, but its about giving something new, its about giving an opportunity to those people who want more freedom.
And thats why i think this project is very interesting.

how to add this token to personal wallet? i didn't find the instruction there

Ya , 500 ETH not to much , it's very easy to hit that target, I saw that other project hit more than 5000 eth from their investor, If it's a potential project as good idea and technology .... I will invest some $$ to support WWAM

I'll take the time to answer to this now, as I probably won't take the time to answer unfounded accusations in the future :
The github is actually providing the source code of the Ethereum contract. As explained many times, the project is still a concept that we needs funds for to realize. Our funding goal is a modest 500 ETH, which, let's be honest, is just a reasonable amount to fund a project of this size. The 500,000 ETH hard cap is mostly to avoid things getting out of hand, we do not believe to reach it at all. But as developers, we always try to expect the unexpected. By the way that's not how funds are used, we're working as a team, not splitting the investment in a 25% part for each of us ...
Around a year of development for such a project is realistic. You should actually be far more concerned about teams announcing unrealistic development times for huge projects, rather than people being honest about the time a project will take to be released.
There are easier way to get easy money than putting so much time and effort into building such a project. Maybe reading a bit about it, checking the website, the contents we published, and the source code of the Ethereum contract will make you realize it's not something that can be made by any monkey wandering on the Internet. We actually know what we're doing, and what we're talking about.
 

 
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I think this is a good answer to the accusation. I actually find it detestable developers overpromising something from their Whitepaper and not delivering. I think this project is very promising. It has a huge potential in the privacy field. They can take many other directions to consider and this is a very young field. It's unexplored. I think it's ok not to underpromise and overdeliver devs. I would prepare that. Surprise us!

To be honest, I really think this to be taking off. Why? Because of their feature on privacy and anonimity. Do you know why Facebook, LinkedIn, YouTube, Twitter and other social media are earning so much even though we are using their services and products for free? It's because of your information. That's why they kept on asking everything about you. In fact you are their real product. They sell your info to advertisers, governments, organizations, politicians etc. so basically their services are not free. You pay it for a price, a hefty price. And the price is your privacy. To some people they see this as a fair trade. They get to use their platform (Facebook, YouTube,etc) by giving their info to them. That depends on how you look at it. If it's ok with you on being surveillanced 24/7, being sold as commodity, giving the hackers and other blackhat entities to hack your bank accounts, house, etc, have the chance of being bullied and blackmailed online, then go.

So I think the arrival of wwam will be a game changer to this field. Let's get back our privacy. I'll be watching this very closely. This has huge potential.

When you say logging mechanism, do you mean logging into an account, or logging as in logbook?

Just to be clear, when I said "keylogger" I'm talking about the situation where the user's device has already been breached and the attacker can eavesdrop the symbols that are entered into web client, before encryption takes place. That way the attacker can steal the user's credentials as they are typed into the web client's log-in form, but possibly also parts of the unencrypted message.

If you mean logging into accounts is not encouraged, I am interested how the user is associated with the address. If we take cryptocurrency wallets as an example, which I think is essentially not so difference from a hypothetical WWAM messaging app, it's possible to load a wallet.dat file (= identification in the form of a public/private keypair) and decrypt/encrypt it. If the wallet software is not installed on the user's device, but on a remote server, (those things exist, eg. MyEtherWallet), the communication between the user and the remote server is open to eavesdropping with a keylogger or a MITM attack.

So, if you are actually saying "don't make web clients", well it already happened.

The project is good. But it's an harsh period for ICOs, one good example : Blocklancer, very popular, but decided to report the ICO because not enough people participating.

It's getting harder to get funds with ICOs since everybody do ICOs, it's becoming less and less interesting for investors.

That's why projects now need to think smaller, to build a true community, a true support, then an ICO when the development of the product has already begun.

I really hope that WWAM succeeds, the project is different, the objective is very crypto-related. We'll see 

The minimum is 500 ETH for the ico, if WWAM dont reach this cap investors will be refunded.
But i really think that we will hit 500 eth very very fast. A disruptive project like that deserve it and will have it for sure. Dont miss the ICO, be here tomorrow !

Yes, the minimum funding goal is 500 ETH. I'ts been mentionned multiple time through the topics, checks the Q&A in the second post of the thread and our ico page : http://wwam.io/ico

Is there a target for the ICO? Is there cap on it?
Im interested in this, but would like to have more details about the financials

Well the thing with end to end encryption is that it does not make it vulnerable to MITM attack. I mean, what an attacker would get in an MITM attack would be the same as reading the bare blockchain.
We do not encourage the use of the WWAM protocol with any logging mechanism, that would be kind of missing the point of the project. Ideally, an application should not communicate anything about the user itself, and let the messages be decrypted client side.

I stand by my opinion. If there were a web client for WWAM-messaging, one that besides the anonymous part would function exactly like an e-mail app, you would end up with the exact same situation.

Or let's turn it around. Suppose WWAM is as ubiquitous as e-mail, what feature does WWAM have that makes it invulnerable to phishing and MITM attacks?

The MITM could be anywhere between the input device and the authenticating server. How is WWAM going to stop keyloggers and packet sniffers?

For phishing the attacker could create a fake mirror copy of the login page. I concede that if the user verified the sender correctly, the chance of getting a message with a forged sender field and links to the fake mirror copy is 0. But the weak spot will move to the authorization messages. For example, a bank may say on their website "Only accept WWAM authorization requests from our address 88e531b85f072474926f88053b70b05d". And then a phisher sends one from 88e531b85f872474926f88053b70b05d.

That can be found in the second post of this thread. If some points are still unclear after reading that, feel free to ask 

Can you explain the use of the token, and give a detailed breakdown of the reward system? If I'm not mistaken, in the white paper, it says that if you participate as a node, you receive some of the transaction fees? Is this correct?