Blockmesh – MESH ICO Free Messaging App Cryptocurrency?
Blockmesh, found online at Blockmesh.io, is a messaging app that promises to pay you in exchange for helping to build and maintain a mesh communication network. Here’s our review.
What Is Blockmesh?
Blockmesh aims to connect the world through free data sending, which means individuals will be able to engage in secure communications at a fraction of the cost. In fact, Blockmesh aims to create free worldwide communications channels using a network of “nodes” worldwide.
The platform is catered towards developing parts of the world (the Blockmesh whitepaper specifically mentions Africa). There are 2.6 billion mobile phone users around the world, including billions of users in developing countries. Instead of targeting just those users, Blockmesh wants to target the 4 billion people worldwide who don’t have a phone. Many of these users cannot afford a phone, which means they struggle to communicate with the modern world.
Users interact with the platform through a mobile app. As long as your phone can install the mobile app, you can use Blockmesh to facilitate secure communications.
Users are rewarded with Blockmesh tokens for supporting and maintaining the network. You “support” the Blockmesh mesh network by installing the Blockmesh app on your phone. When you install the app, your phone can be used for secure communication across the network.
What Problems Does Blockmesh Seek To Solve?
Overall, Blockmesh seeks to solve the problem that many people worldwide live outside of mobile network coverage. Some of the specific identified problems include:
- Phones aren’t affordable, and 13% of people worldwide live below the international poverty line
- Only 29% of countries have affordable broadband for 100% of the population
- 31% of people live outside of 3G coverage
- 80% of online content is only available in 1 of 10 languages, which only about 3 people speak as their first language
- 95% of survey participants in 12 developed and developing countries have used online government services
Blockmesh aims to solve this problem by making mobile communications more affordable than ever before.
How Does Blockmesh Work?
Blockmesh works as a mesh communication network where users install a mobile application onto their smartphones, and then each device connected to the app acts as a communication relay.
A mesh network, by the way, is a group of devices that communicate and pass information from one device to another in sequence until the intended recipient is reached.
For example, a text message is sent from A to B, with A and B being two different locations around the world. The message is sent by A, then relayed via users, from user C to user D, until it reaches B.
The platform revolves around the use of Blockmesh tokens, which are ERC20 tokens built on the Ethereum blockchain. There’s a total of 2 billion Blockmesh tokens.
Possible revenue streams identified by the Blockmesh whitepaper include MeshAD, the MeshDev-Platform, MeshEX, MeshAID Disaster Redundancy Networks, and the Mesh token’s transaction costs.
How does Blockmesh plan to cater to the billions of users worldwide who have a mobile device – but struggle to participate in a modern economy or financial system? The secret to Blockmesh’s plan is to make their system free to use, with no data required from network providers. You can earn Mesh coins by supporting the network. Coins are transferable, and coins are liquid (through the Bancor protocol). You can also earn an estimated reward of 30% for holding Blockmesh within the first year.
Users will be able to load their ERC20 tokens onto a debit card for easy spending.
Targeted users for Blockmesh include any smartphone holders, any communities with high data costs or low coverage, disaster areas, and rural customers.
Another unique feature of Blockmesh is that the company doesn’t need to build its own infrastructure. In fact, it requires no infrastructure whatsoever because it uses existing phones. It doesn’t need to use cell phone towers or satellites.
The end result of Blockmesh is cost-free communications – something that could be revolutionary for developing areas of the world.
Who’s Behind Blockmesh?
Blockmesh is led by Bjorn Dingemans (Founder), Tyron Caithness (Head of Financial), and Eureka Zandberg (Legal Cousel).
The company has partnered with Bancor and P-ACS, among other members of the blockchain community.
By Q4 2018, Blockmesh hopes to launch its mobile app for iPhone and Android, with a Mesh hotspot reward rolling out before the end of the year. By Q1 2019, they hope to be listed in app marketplaces.
Blockmesh originally formed as a mesh network solution provider in October 2015. They’ve been an existing, profitable business prior to launching their cryptocurrency project.
The Blockmesh ICO is scheduled to take place on February 28, 2018.
There are 220 million tokens available through the ICO at a rate of $0.05 per token, out of a total supply of 2 billion Blockmesh tokens.
50% of the total supply of tokens is reserved for mining. The remaining tokens are reserved for future development and mainstream adoption (25%), Blockmesh founders (4.9%), pre-ICO (1%), reward air drops (5%), service providers (4.1%), and an ICO (10%).
Reward airdrops will be given 3 times a year for 1 year. This is to encouraging “hodling” behavior (yes, Blockmesh uses the term “hodling” in its whitepaper). Users with the Blockmesh app on their mobile device will be rewarded for data sent via the app. Users with Wi-Fi routers or boosters can also earn tokens by providing internet to the mesh.
Overall, Blockmesh tokens will be given as a reward for launching and supporting the Blockmesh network. They’ll also be used for peer to peer payments and in-app purchases.
Blockmesh aims to enable cost-free communication by creating a network of mobile devices worldwide. Today, billions of people worldwide own phones. However, someone in one country might struggle to communicate with someone in another country due to high communication costs – including long distance rates. Blockmesh solves this problem by creating a “mesh” network of nodes, where communications are routed through mobile phones worldwide as part of a global network. The end result is cost-free communications.
Blockmesh will be in development throughout 2018. To learn more about the platform, visit online today at Blockmesh.io.