The Secretum Revolution powered by Solana: Making Trading as Easy as Messaging
November 01 2021 - 4:00AM
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The proliferation of messaging apps is unprecedented, with more
than 3.6 billion people worldwide using them and over 145 billion
messages being sent every day. Among the top players stand two
ubiquitous giants, WhatsApp and Telegram, but for very different
reasons: WhatsApp was the first truly global VOIP solution, a
pioneer of the sector, launched in 2009 and later acquired by
Facebook for over $19 billion in 2014. With over 2 billion
registered users, it’s the world’s most popular messaging app.
Telegram, launched in 2013, is still today considered an improved
version of WhatsApp, featuring more advanced features including
end-to-end messaging encryption, expanded storage, and secret
chats. Today, it has over 500 million Despite their success, both
apps share a common weakness: having become the targets of multiple
personal data leaks, cyberthefts, and violations of privacy: The
EU’s privacy watchdog fined WhatsApp €255 million for data
processing and data sharing violations in September 2021. Telegram
was subject to a hack in August 2020 that exposed the personal data
of over 500 million users. In 2019, hackers were able to insert
spyware in the phones of WhatsApp users, enabling them to intercept
private communications. These events inspired a group of Lithuanian
developers to create a Blockchain-based messaging app that can
ensure total messaging security and privacy: Secretum. Secretum:
Going Beyond WhatsApp and Telegram Secretum is the world’s first
and only fully decentralised, encrypted, and secure messaging app,
built on the Solana Blockchain. Thanks to its architecture, and the
inherent characteristics of Blockchain technology, it offers many
advantages: End-to-end messaging encryption for all communications
– no censorship, no moderation, and complete user privacy. Messages
and file storage only on trusted and independently verified nodes
in the Secretum network – no single point of failure as for all
other cloud-based messaging services. A fully anonymous sign-up
process via the user’s crypto wallet address only. Users don’t have
to input their names, phone numbers, or any other personal data –
eliminating completely the risk of data leaks and hacks. No data
collection/harvesting for marketing purposes – a common practice in
other messaging apps. An ecosystem built on the SER token, which
allows staking and rewards for users who message, store files, and
help expand the Secretum network. Added to its user-friendly and
intuitive app design, Secretum’s functionalities establish a
significant competitive edge over both WhatsApp and Telegram:
Secretum is, however, much more than a messaging app. Its
uniqueness is an integrated crypto trading function that allows
users to trade P2P all crypto assets (fungible and NFTs) almost
instantly and at the lowest costs on the market, thanks to Solana
technology. Secretum: The Messaging & Trading Solution For The
Global Crypto Community Just as its messaging features set it apart
from existing messaging apps, Secretum’s over the counter (OTC)
trading features set it apart from existing crypto trading
solutions: By allowing traders to contact each other one-to-one or
one-to-many with message “blasts”, Secretum unleashes hidden
liquidity pockets in the crypto markets – improving trade prices
and execution times. OTC trading is especially ideal for NFT
tokens, which do not have publicly quoted prices. Secretum helps
match buyers and sellers, who can find each other and contact each
other via their wallet addresses – rapidly, securely, and fully
anonymously. The existing panorama of centralised and decentralised
crypto exchanges (CEXs and DEXs) make for a market with fragmented
liquidity, where block trades can strongly impact on prices. By
replacing exchanges with wallet-to-wallet trading, Secretum
stabilises prices and market flows. Secretum’s OTC trading features
take advantage of the ongoing boom in crypto trading, which has
seen volumes top $1.5 trillion a month in 2021: By combining
innovative trading capabilities with unique messaging features,
Secretum aims to become the go-to communication and trading
solution for the global crypto community. As crypto ownership
becomes mainstream, the market need for seamless trading and secure
messaging will merge into a single one, which Secretum will be
ideally positioned to service. Achieving this vision would make
Secretum go far beyond the scope of being just the next WhatsApp or
Telegram – it would instead build the foundations for making it a
pioneer of the Blockchain era.
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