Topic: 【ANN】 【ICO LIVE !】 🔥WWAM🔥 - Decentralized messaging protocol - page 43. (Read 27033 times)

The idea is great. But is your team going to be able to do it? Any prototypes?

Translated announcement topics have been added to the second post of this topic -Do not hesitate to visit your country's topic
There's still some positions to take for translating the ANN topic in other languages - Contact us by PM or e-mail if you can provide a translation that is not yet listed

Approved and added to the spreadsheet !

I don't mind answering as much questions as you have in mind. Actually I'm glad that someone took the time to show such interest in the project and highlighting legitimate and in-depth questions for a perfect understanding that will probably serve as a reference for any future user that might be interested in the project
We didn't realized that the project would look such complex for people external to it, so I'll try to keep it simple to answers those questions, hoping that I won't loose anyone.

As you said there will be no additional creation of coins. the WWAMcurrency will be fixed at a 1:1 supply rate with the WWAMtokens. Both are one, in fact, 1 WWAMtoken on the Ethereum blockchain will have it's equivalent 1 WWAMcurrency in our blockchain. There will be no premium for converting WWAMTokens to WWAMcurrency, as the only way to actually acquire WWAMcurrency will be WWAMTokens. It will just be like switching the currency from the Ethereum blockchain to ours.

The conversion from WWAMTokens to WWAMCurrency will be external, most likely by providing an automated platform interacting with an upgraded version of the WWAMToken contract, burning tokens in exchange of WWAMcurrency. Integrating it at the protocol level is out of the question, as it will impact the performance heavily and rely on another blockchain to process transactions.
It will be a one-way conversion, burning tokens definitively in exchange of WWAMcurrency. At that point, probably both currencies will be listed on exchange, and their price should be the exact same for a given supply. Days after days, the supply of WWAMTokens should reduce to increase the WWAMcurrency supply, until we reach a the point where no WWAMTokens will be leftm and the full supply is converted into WWAMcurrency (Ideally). The currency used by the protocol will be the WWAMcurrency, the WWAMTokens serve the only purpose of being converted to WWAMcurrency.

Moving onto the application development part, the blockchain will be unique, there's no branching system for applications. It's just aprotocol, and each application will have to comply with the protocol rules to be able to use the blockchain. As it will be standardized, it will allow any application to be able to initiate a communication with a different messaging application (As it would be the case with an IRC or Jabber client for exmaple, you don't need to use the same client as the person you're chatting with).

Regarding your last question - Yes, the WWAMcurrency is expected to gain value over time, due to the limited supply.

to ease our communication i will call:
WWAMtoken the ERC20 used in the funding rounds
WWAMcurrency which is what the new blockchain will use for the transactions/information exchange.


1. Will the WWAM team create a system that will redeem WWAMtokens for WWAMcurrency?
2. Which coin will be listed in exchanges? the WWAMtoken or the WWAMcurrency ?
3. In order for a developer to create a chat application using the WWAM protocol he needs to stock up in WWAMtokens or WWAMcurrency?
4. Is there a premium converting WWAMtoken for WWAMcurrency? what is the competitive advantage of an ICO investor? does he get more WWAMcurrency because he/she redeemed WWAMtoken (proving to be an early investor) thus buying the service at a discount.
5. Does each application have its own "'branch" of the chain? or all messages from all sources use the same chain?
6. How does this kind of blockchain interoperability work out? are you using rootstock/cosmos/smart bridges or something similar?
7. The more an application uses the chain the coins the users (or service provider needs), will the coins needed gain value due to their scarcity? (a fixed number of coins with no additional minting)
8. If all the tokens will be created at the funding events, the "end users" will need to buy the coins off the initial investors at whatever price they set?

Sorry for asking so many questions but your project is complicated even at a concept level and i really dont want to misrepresent you.  

Italian translation completed and translated ANN posted: https://bitcointalksearch.org/topic/ann-wwam-protocollo-di-messaggistica-anonima-ico-2051325

 

That's a very good point ! The contract is actually including an interface to make the tokens upgrade-able. This give us the possibility to issue a child contract (tied to the main contract) on the Ethereum blockchain when the time comes , allowing users to switch to new tokens. These new tokens will be burnable in exchange of the WWAM currency running in our blockchain, givng WWAM a full autonomy, running on it's own without depending on Ethereum.

I am struggling to understand what the ERC20 tokens will represent. An ERC20 will be used to gather funds, investors will send you ETH and they will get WWAM token (?) but how this WWAM token will be tied to the success of the project? Since the nodes, ledger with the info and fees will be in a new blockchain the ERC20 tokens will not be useful to end users, how will they carry their value?

We are aware of the current events happening, and we will make every paper work needed for everything to be legal. We do not want to face criminal charges for laundering money or god knows what, cryptos are a threat to governments and banks, and that's why we're not willing to expose ourselves until then. We are not company yet, just individuals, and we don't have the juridic protection some can benefit of. Some people are seeing this as a competition, and you don't know what people are capable of to take you down until you experience it. And we don't want to experience it. Hope that clears this point !

500,000Ethers for this project, I don't know how  anonymous this project can be but what I learnt from recent activities this week is that when government comes against you they get you.

Unfortunately we do not accept users with lower ranks than Jr. member for the signature campaign. However, you can check at http://wwam.io/bounty if you are eligible for another part of our bounty campaign !

Viewed from the concept of your project pretty good enough I am interested to join your bounty program, good luck.

Thanks ! Just fixed it

Just an info for you OP, the link to your website isn't working... Where it says "FIND MORE INFORMATION ABOUT THE PROJECT ON OUR WEBSITE", the link has invalid characters in it.

Thanks ! Added to the spreadsheet

Looks like an interesting project

Hindi ANN thread Live : https://bitcointalksearch.org/topic/m.20428698

Not yet, that will come after the protocol and nodes software is up and running !

Any sneak-peek of the Messanger?

I don't see how we could built something from theirs source code as we began working on our project before they even announced it from what I'm seeing. From their website, they are aiming at being "a familiar platform for decentralised app development." which is a way more ambitious goal than our. Their messaging client is a just a POC of their blockchain concept, and it doesn't seem to be the final goal of this project.
We, on the other hand, are only focusing on our main goal of developing a messaging protocol, and nothing else. That do not really compare with this project.