Solana-Based Unicorn: Secretum!

While many people are looking for a secure messaging app, Blockchain-based Secretum is a real solution.

Messaging apps can pose a risk to users

Messaging apps are everywhere – more than 3.1 billion people worldwide use them and send more than 140 billion messages every day. Their ubiquity, size, and value to their users have often translated into stratospheric market valuations:

  • After being launched just 5 years ago, Whatsapp was bought in 2014 for an unprecedented amount – $19 billion. At the time of purchase, Facebook paid $42 per WhatsApp user.
  • Started by Pavel Durov in 2013, Telegram has more than 500 million users today and recently turned down a $30 billion investment offer.
  • Skype, one of the first VoIP services, was sold to Microsoft for $8.5 billion in 2011.

The growth of mobile messaging apps shows no signs of stopping: the number of mobile messaging app users is expected to increase by more than 10% by 2025, or another 300 million people. While the growth has been phenomenal, it has brought to light a number of previously unknown dangers to the privacy, finances and personal safety of mobile phone users:

  • Data sharing violations – The EU’s privacy watchdog fined WhatsApp 255m euros for data processing and data sharing breaches in September 2021.
  • Cyber ​​theft – Cybercriminals used Telegram’s chat script tools to hack other users’ bank account data.
  • Private data theft – Private data of 533 million Facebook Messenger users was leaked online in April 2021.
  • Spyware – Hackers allowed WhatsApp users to eavesdrop on private conversations by adding spyware to their phones.
  • Blackmail – WhatsApp users have been warned that even if they delete messages, they can be retrieved by hackers and used to blackmail them.

Traditional mobile carriers aren’t any more secure either. Used by T-Mobile and Vodafone, among others, Syniverse has revealed that hackers have accessed billions of text messages from its database since 2016. With the accelerating explosion in data transmission, the privacy of user data and communications will be increasingly compromised. The world is desperately looking for a messaging solution that is safe from hackers, cybercriminals and government interference. A group of visionary tech developers leveraged the latest Blockchain technology to finally develop it: Secretum.

Secretum: Using Blockchain to start a messaging and commerce revolution

Secretum is the world’s first and only fully decentralized, encrypted and secure messaging DApp (decentralized application) built on Solana Blockchain. Thanks to its cutting-edge design, it allows users to exchange crypto assets as easily as sending an SMS. The following advantages are important for users:

  • All messages are fully encrypted and stored on verified nodes in the Secretum network; i.e. hackers cannot access them like they do with cloud-based messaging services like Whatsapp.
  • It offers the most secure and anonymous registration process that only needs the user’s crypto wallet address – no more risk of private data leaks.
  • Staking and rewards with native SER token for users who send messages and provide new nodes to expand the Secretum network.
  • Easy, intuitive and fully P2P trading interface for sending and receiving cryptocurrencies and non-fungible tokens (NFTs).
  • Low fees and near-instant transaction recording thanks to Solana’s 50,000 transactions per second and average cost of just $0.00025 per transaction

By combining a premium messaging app with advanced P2P crypto trading, Secretum’s strategy is ambitious yet simply becoming the most popular messaging app of the crypto era.

Secretum: Turning crypto and messaging into a Blockchain-focused ‘unicorn’

As Secretum’s Blockchain-messaging innovation revolutionizes communications, its over-the-counter (OTC) P2P trading capabilities bring the following unique benefits to crypto-asset holders:

  • Instant liquidity – Traders can communicate directly with each other and find hidden liquidity in crypto markets – improving execution.
  • NFT trading – NFTs are booming, sales soared to $10.7 billion in Q3 2021, a staggering 700 percent increase from the previous quarter

  • Secretum helps match NFT buyers and sellers by allowing them to communicate with each other securely, directly and with the lowest fees in the market via their wallet addresses.
  • Better trading prices – With wallet-to-wallet trading, Secretum balances prices and market flows, eliminating the impact of “whale trading” and their negative impact on prices.
  • Secretum is entering the market as cryptocurrency adoption grows, with the number of wallets reaching a record high of over 220 million:

As more people own crypto wallets, they will be able to seamlessly use Secretum for all their messaging needs – essentially the messaging app market that is coupled with crypto. Leveraging its unmatched commerce and messaging capability, Secretum is positioned to serve a market of more than 3 billion users in fact. The upside of being a globally used messaging app is important – experts estimate that WhatsApp generated between $5 and $10 billion in revenue for Facebook in 2020. Therefore, realizing Secretum’s vision of a secure and user-friendly communication and commerce solution for the entire world is more than a reasonable chance to become the world’s next messaging unicorn.

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