Topic: 【ANN】 【ICO LIVE !】 🔥WWAM🔥 - Decentralized messaging protocol - page 44. (Read 27034 times)

WWAM blockchain will be built from scratch of OBSIDIAN? What thinks make it's better WWAM than Obsidian?

What is Obsidian?
Obsidian is a Secure Messenger (OSM). Obsidian IDs are protected with Curve25519 signing keys. A secondary parallel network is utilized in order to create faster-than-blockchain interactions. Timed deletion ensures text messages and binary files are completely untraceable.

OSM is a light client for the Obsidian Network which offers end-to-end-message encryption with perfect forward secrecy (PFS) relying on Ephemeral Diffie-Hellman algorithm.

https://obsidianplatform.com/

Most of those answers can be found in the Whitepaper. To keep it simple : The blockchain will be built from scratch, as existing one doesn't exactly fits our needs. You can think of it as the bitcoin blockchain running at a 0 difficulty level with very fast block times. The concept of the blockchain will remains, and every interaction between users will be considered as transactions. A transaction will include the message to be sent, as well as the associated fee. The nodes are confirming the transactions are legitimate and include them in the next block. The nodes are being rewarded with the transaction fees for processing the messages.
The node source code and binaries are expected to be available around Q2-Q3 2018 and anyone would be bale to run a node. Again, this is still subject to changes depending on how the successful the project is going to be. It's hard to describe something precisely when we don't know yet the scope of the funds that will be available for us to work with. We prefer sticking with a basic concept as of now rather than promising things that won't be possible to do.

As said in the previous post, we have our reasons to not publicly give out personal information. I'm still up to get my identity verified by a reliable and trusted member of a crypto community or institution, as long as it's for verifying purposes only and not publicly available.
I'dd add to that that ICO is not the essence of the project. What we are promoting is our project, not the ICO. It's just a way for us to raise money for our cause.
We tried being as transparent as possible with the ICO contract, providing a reasonable funding goal and a solid codebase.
an ICO is not a legal agreement in any way, a developer could give his real info and still run away with the money. There's not much that can be done about it to be honest, it's just an illusion of safety.
If someone doesn't trust our team, or feels the project is not going anywhere, then they just do not invest in it. If people that invested feels like the road the project is taking do not interest them anymore, they can exchange their tokens as well.
The only safety in the current ICOs is the fact that you have actual tokens existing on the Ethereum blockchain.


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.
 

 

This is a very good project and everybody will see this peroject including me and i will offer to arabic translate if needed. And please pm me if it is accepted.
tanks so much dev.

For now it's just a concept. We know for sure it's achievable, however we don't want to spend time developing something that might end up being dead because of a lack of funds to support the project. That's why we are conducting an ICO with a minimal goal of 500 ETH


I'm glad you asked all these questions. They all are very good points we wanted to talk about but didn't found the right place to include. I'm gonna try to answer the them the best I can, do not hesitate to ask for more precision !

We will be developing our own blockchain to process interactions between users. Everything regarding the messaging protocol and privacy issues will be managed by this blockchain. As mentioned in the whitepaper, we'd like to run a few hundreds (thousands ?) of nodes at the beginning to avoid network clogging. Scalability shouldn't be a concern, as various project based on blockchain proved before us. However, we can not foresee every problem that might be occurring in the future, especially on those points as they highly depends on the success of the project and how quick the users are willing to adopt it as a mean of communication. Only time will tell, and necessary actions will be taken to fix potential issues with the protocol.

We do not see ourselves in a "competition", even though I understand what you mean by asking this. We aim at creating a new messaging protocol, not an application/service. What we are talking about in our whitepaper concerns mostly protocols and not how they are actually implemented.
By enforcing encryption and anonymity at the protocol level rather than application level, you ensure users that applications actually using that protocol must comply to these rules to be able to work. It eliminates the risk of a point of failure in implementation at application level.
Checking the example you've given, FrozenChat and ChatSecure are applications using the XMPP protocol. Wickr as far as I know is entirely closed source (?) while Signal actually provide source code and probably a proprietary protocol but they are not communicating on it. It also misses the point of Decentralization and Zero-knowledge principle.
We want anyone to be able to build his own application on top of the WWAM protocol, and not just provide one implementation of a chat client.

About the crowdsale structure :

We have a minimum funding goal of 500 ETH actually implemented in the source code of the contract, a refund will be automatically triggered and available in the contract itself if that funding goal isn't reached at the end of the ICO. We think that it realistically the bare minimum to be able to develop and maintain and project of this scale. It also provides investor a guarantee of investing in a project that will be alive and backed up by enough funds, as well as providing a comfortable small market value for the ERC20 tokens issued.
If we reach that minimum goal, the ICO continues with the guarantee that the project will go live, to maximum amount of 500,000 ETH (We do not want this to go out of hand either, that is just a safe cap in case the projects gain insane popularity).
We do have a lot of ideas for possible future improvements and extension of the projects, but we do not want to make promises that will be left unfulfilled. Everything will depend on the amount raised during the crowdsale, and we will make proper announcement of what we are planning to do and how we are going to do it depending on the amount raised during the crowdsale. We do not have any escrow service for the ICO as we've been part of the "silent" community for years and no not have any meaningful contacts we trust in the crypto community. However our contract source code is publicly viewable, and has been verified on etherscan.io. We did our best to be as transparent as possible on the ICO and will publish regular breakdowns on how the funds are spent.
 
There's no vesting period for the funds collected during the ICO, we need the investment to actually start the project, that's why we are conducting and ICO in the first place. As for now everything has been payed from our own money, that's already a big personal investment but it would be unreasonable for us to try to go anywhere with that project without a proper investment. There are no pre-allocated tokens, they are dynamically generated by the contract every time an investment will be made. The team will receive 1% of the total token supply at the end of the ICO that will be generated and added on top of the total existing supply.
Considering the unlikely event where we reach the hard cap of 500,000 ETH investment during the first round and that the bounty budget has been used to 100%, the total amount of tokens available would be 100 000 000 + 15% bonus + 1% team share + 1% bounty = 117 000 000 WWAM tokens (Or 117 000 000 000 mWWAM as it is a 3 decimals token, and contracts works in the lowest decimal unit). That's the theoretical maximum supply of tokens.
The minimal supply would be in the event of only the bare minimum funding goal is reached, and every funds are invested into final rounds, with a 0% usage of the bounty share, leading to 100 000 + 1% team share = 101 000 WWAM tokens (101 000 000 mWWAM).
So the total supply will range somewhere from the bare minimum of 101 000 000 mWWAM to the absolute maximum of 117 000 000 000 mWWAM.

About the team : We are passionate software engineers (Including myself, even if I don't take that role in the team). We met during our school education, quickly finding common interest in new technologies and global security and anonymity over the Internet. We all attended the same software engineering master degree education, which is mostly based on pure group project software engineering. We've worked for small and big companies over the years, however we're not willing to share that kind of information to the public as of now. We're not tinfoil hats, but still we are very concerned about how Internet is exposing private life of individuals nowadays. That's why we're not much into giving out public information that could backfire on us freely on the Internet. However, I, Xavier, as a founder of WWAM am endorsing responsibility for this ICO. I will be pleased to provide official ID documents if any publicly recognized representative of a viable crypto-related entity wants to confirms our identity.

There's also another quite important thing that is the legal aspect. In France (Where we're all located), crypto-currencies are still a grey area. We would need to convert a good part of the ICO funds into fiat, and that's need a lot of paperwork, creating a company for it and doing things right isn't something that can be done over the course of a few days. We're not willing to expose ourselves before anything is done, as the project won't even start if the minimal funding goal isn't reached.

About your last question, we've not received any funding from an external source, the only funds we are using right now are ours as we do believe in our project. The total funds raised for the project will be by the mean of the ICO, and what this project will become is now in the hands of the crypto enthusiasts willing to support WWAM.

Thanks for reading, I hope that will clear most of the points everyone could have doubt on

I have a question about amount of tokens. How many tokens do you plan to issue? Why do you have such a high cup - 500.000 ETH?

Hmmmm, an empty Github and no proof of concept or whatsoever. Moreover, a hard cap of 500.000 ETH, really? Over $100M of funding for a team of 4 would be $25M each? And a lead time of 1 year with this amount of funding would be ridiculous. Sounds like an attempt to get easy money, especially since the last names are hided.

This sounds like a promising project with an important concept. I'll be keeping my eye on it over the next few days! best wishes!   

In Telegram local message database is not encrypted by default so you have to set a password. The encryption algorithm used for secret chats, MTProto, was created by the Telegram developers – so there are no guarantees on the security front here.

Why not just take telegram source code and remove the phone number authentication?

Seems this project so different
Will keep my eyes on this thread to keep updated

Hello and good luck with the project.

I Just finished reading your whitepaper and i have a few questions.

1. Which blockchain will be used to broadcast the messages between the users?
2. Are you developing your own blockchain? Depending on the answer, followup questions are about scaling and network clog.
3. Are all privacy issues tackled by the same chain? Addresses, Timestamps, Chat etc.
4. Your competitors are not clear in the paper, you mention Jabber; who are your main competitors? What about Signal, FrozenChat, ChatSecure, Wickr Me and others.
5. Could you please provide more information about the crowdsale. How will it be structured? You mention 500.000 ETH (max), is that the soft cap? Is there an escrow service?
6. What about the funds you will collect, is there a vesting period? What is the breakdown of the coins, how many will be sold during the crowdsale and how many will be kept by the developing team.
7. What is the total number of coins?
8. Talk to us about the team. About previous start up experience, about the CVs, work experience and education.
9. On your website the team seems anonymous since the surnames are not mentioned. Why do you need anonymity for such a project?
10. Have you received any funding from other sources? VCs, Angel Investors or some grant.

Please don't consider my questions as an attack. I need the information in order to understand better and possibly promote it on my blog / social media

I look forward to your answer,

Do you already have a working prototype or just a whitepaper with pen?

Indonesian Ann thread has been done
https://bitcointalksearch.org/topic/ann-bonti-wwam-anonymous-messaging-protocol-ico-2049225

The Filipino version of this Announcement is available and can be found via this link: https://bitcointalksearch.org/topic/ph-ann-wwam-anonymous-messaging-protocol-ico-2047090
It's a wonderful project that would be helpful for every internet users for it prevented the invasion of our privacy over the internet.

A decentralized and secure anonymous protocol that enables instant and delayed communication between two or more users.
In my opinion, this idea is the most important point of an interesting WWAM project in terms of security.
One question how to develop WWAM quota to be an advantage?

There is no Pre-Sale for the project.
We are conducting a 4 weeks ICO, divided in 3 stages :

• First stage starts on August 9, 2017 and last until August 16, 2017. People investing in that time frame gets awarded a 15% bonus in tokens on top of the total amount of their investment.
• Second stage starts on August 16, 2017 and last until August 23, 2017. People investing in that time frame gets awarded a 10% bonus in tokens on top of the total amount of their investment.
• Final stage starts on August 23, 2017 and last until September 6, 2017. People investing in that time frame are awarded tokens according to the base rate without any bonus.

You can find a live status of the ICO on our website along with useful tools and tips on the following url : http://wwam.io/ico

You can also check the contract source code on github here : https://github.com/wwam/WWAM
Or alternatively on etherscan.io where the contract source code have been verified (You can also interact with the contract functions there if you wish) : https://etherscan.io/address/0x59a048d31d72b98dfb10f91a8905aecda7639f13

What will be the tokens available for "- Second stage investors will receive a 10% bonus on their investment."? Does pre-sale start when?

ANN thread now available in Spanish too: https://bitcointalksearch.org/topic/ann-wwam-protocolo-de-mensajeria-anonima-ultimas-horas-2048519

Thanks everyone for your words, yes a bounty program is already live, you can get the details at http://wwam.io/bounty !
If you have any idea about something you could do to promote our project, feel free to send us a PM or an e-mail at [email protected] with details about what you can do for WWAM