Crypto

Secretum DApp: Solana’s Next Messaging Unicorn

Secretum DApp - Solana's Next Messaging Unicorn

Messaging apps are ubiquitous; over 3.1 billion people use them every day, sending more than 140 billion messages. Their ubiquity, size, and worth to their users have frequently translated into exorbitant market valuations:

WhatsApp was acquired for an all-time high of $19 billion in 2014, only five years after its creation. Facebook spent $42 per WhatsApp subscriber at the time of acquisition.

Telegram, founded in 2013 by Pavel Durov, now has over 500 million users and recently turned down a $30 billion investment deal.

In 2011, Microsoft purchased Skype, one of the first VoIP businesses, for $8.5 billion.

The rise of mobile messaging apps shows no signs of slowing down: by 2025, the number of users of mobile messaging applications is expected to expand by more than 10% or 300 million individuals.

While the increase has been phenomenal, it has also brought to light several previously undiscovered threats to mobile phone users’ privacy, finances, and personal safety:

Offenses of Data Sharing — In September 2021, the EU’s privacy watchdog penalized WhatsApp €255 million for data processing and data sharing violations.

Cybercrime — Hackers exploited Telegram’s chat scripting tools to steal bank account information from other users.

In April 2021, the personal information of 533 million Facebook Messenger users was leaked online.

Hackers were able to install spyware software on WhatsApp users’ phones, allowing them to listen in on private talks.

Hacking — WhatsApp users have been cautioned that even if they delete communications, hackers can recover them and use them to blackmail them.

Neither traditional mobile carriers nor traditional mobile carriers are safe. Since 2016, hackers have had access to billions of text messages from Syniverse’s database, which is utilized by T-Mobile and Vodafone, among others.

The privacy of user data and communications will become increasingly vulnerable as data transmission speeds up. The world is clamoring for a messaging solution that is unaffected by hackers, cybercriminals, or government meddling. Secretum was created by a group of innovative software developers using the most recent blockchain technologies.

Secretum: Using blockchain to usher in a new era of communicating and trading

Secretum is a fully decentralized, encrypted, and secure messaging decentralized application (DApp) built on the Solana Blockchain. It also allows users to exchange crypto assets as easily as sending an SMS, thanks to its cutting-edge design. The benefits to users are substantial:

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Unlike cloud-based messaging services like WhatsApp, all communications are fully encrypted and stored on verified nodes in the Secretum network, so hackers cannot access them.

The safest and anonymous sign-up process, which only requires the user’s crypto wallet address – no more worries about personal information being leaked.

Users who message and contribute additional nodes to expand the Secretum network are rewarded with staking and the native SER coin.

Send and receive cryptocurrencies and nonfungible tokens using an easy, straightforward, and entirely peer-to-peer (P2P) trading interface (NFTs).

Solana’s potential of 50,000 transactions per second and an average cost per transaction of around $0.00025 allows for record low costs and almost immediate exchanges.

Secretum’s approach is ambitious yet straightforward, combining a superior messaging platform with powerful P2P crypto trading to become the go-to messaging service of the crypto era.

Secretum is a blockchain unicorn that combines crypto and communications.

Secretum’s blockchain-messaging innovation is changing the game in communications, and its over-the-counter (OTC) P2P trading capabilities provide crypto-asset owners several distinct benefits:

Instant liquidity – Traders can communicate directly with one another and discover hidden liquidity in crypto markets, which improves execution.

NFT trade — NFT trading is flourishing, with sales jumping 700 percent from the previous quarter to $10.7 billion in Q3 2021.
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Secretum connects NFT buyers and sellers by allowing them to communicate securely, directly, and at the lowest fees possible via their wallet addresses.

Secretum stabilizes prices and market flow using wallet-to-wallet trading, removing the influence of “whale trades” and their detrimental impact on pricing.

Secretum is entering the market at a time when cryptocurrency adoption is at an all-time high, with over 220 million wallets.

As more users acquire crypto wallets, they will be able to utilize Secretum for all of their messaging needs, thereby combining the messaging app and crypto markets. Secretum is effectively positioning itself to service a market of over three billion users by exploiting its unique trading and communications capabilities.

The benefits of establishing a widely used messaging software are substantial: experts estimate that WhatsApp will produce between $5 and $10 billion in revenue for Facebook by 2020. Realizing Secretum’s vision of a safe and user-friendly global communication and trading platform. As a result, it has a better than even chance of becoming the world’s next communications unicorn.

The Author

Samuel Adeshina

Samuel is a financial reporter whose interests include blockchain, market, business, insurance, and Crypto to provide relevant information to all interested.