SuchApp SPS ICO: Multi-Channel Social Messaging Blockchain?
SuchApp is a blockchain-based multi-channel messaging platform. Find out how it works today in our review.
What Is SuchApp SPS?
SuchApp aims to combine world-class messaging with a social network to create “the world’s first 5G messaging ecosphere.” Using SuchApp, users can communicate, collaborate, and do business “like never before”.
The platform is built on an enterprise-grade blockchain.
The team describes SuchApp as “the killer cryptocurrency app we’ve all been waiting for.” The core goals of the platform are to integrate end-to-end encrypted messaging, create a secure video conferencing platform, and implement blockchain-based loyalty points built off SuchApp tokens.
How Does SuchApp Work?
SuchApp creates an entire blockchain-based ecosystem. That ecosystem aims to lead to a better overall messaging experience.
SuchApp has an integrated wallet that allows you to easily manage your SPS tokens. group admins can also create their own custom loyalty points based on their SPS tokens. For example, if you want to reward or incentivize different members of a group chat, then you can create an SPS token-based loyalty program.
Other key features include “GPS RADAR” functionality, which allows you to find other SuchApp users in your area and meet up with those people.
Users can also join, create, and administer groups of any size using 4-way videoconferencing. SuchApp also claims to support 4K video feeds, letting users broadcast live 4K video to friends.
Businesses can contribute to the SuchApp ecosystem by buying, selling, and marketing products through the app. These products don’t have to be related to messaging in any way: you can sell any products through the ecosystem, then depend on SuchApp to build your own custom loyalty program.
Ultimately, here are the core features and functions of the app:
- End-to-end encrypted messaging
- Open, closed, and private groups that range in size from 2 users to “millions”
- Real-time 4K video calls between up to 4 users
- Integrated digital wallet
- Anyone who creates a group can launch a fully functional loyalty program
- Geo-based messaging
- Real-time video broadcasting
- Multi-channel functionality for corporate groups (like Slack)
- Granular security and administrative tools for group admins
Overall, SuchApp is a blockchain-based multi-channel messaging program that can be adapted for a variety of different uses. The main goal of the messaging platform is to allow users to communicate effectively while also shopping for products.
Use Cases For SuchApp
Some of the identified use cases for SuchApp include:
Promote your Music:
A songwriter can use SuchApp to release an album on the blockchain. Then, songwriters can sell licenses to download and stream that album through the SuchApp ecosystem.
SuchApp lets users buy gifts for one another around the world. The SuchApp whitepaper features an example of a man who’s across the world from his wife, but can still buy a necklace for her as a gift, then communicate with her later that night.
Grow a Business:
SuchApp lets business owners create their own loyalty points, helping them grow their business and earn repeat customers.
Find New Friends:
SuchApp has GPS-based RADAR group finding, allowing users to meet new friends in their local area – say, if you want to go on a hike with someone new.
Make a Difference:
You can organize with your neighbors to form a community group. Find local activists through SuchApp, then organize them through a coherent messaging interface.
As you can see, these use cases are kind of weird. These are the use cases outlined on the official website. They don’t do a good job explaining the unique features of the platform. There’s no explanation of why this is better than an end-to-end encrypted messaging solution like WhatsApp, for example. You can already organize groups on Facebook and other platforms. Why do we need blockchain to do it?
SuchApp’s website mentions all of the following features:
SuchApp has a feature called “GPS RADAR”. That feature lets you find other SuchApp users in your vicinity. The company claims you can use this to find like-minded people for hikes, meals out, and other activities. You can set a radius from 2 to 5km.
SuchApp supports 4K video communication. It uses H265 technology to efficiently transmit 4K video.
SuchApp has 4K filters – so even if you don’t have a 4K camera on your phone, you can make your photos look like they have 4K resolution.
Businesses can create loyalty programs based on SuchApp tokens.
Branding and Marketing:
Businesses can promote their brand via live video broadcasts or location-based advertising.
Use the SuchApp digital wallet to hold your ERC20 SuchApp tokens.
SuchApp lets you create private, open, and closed groups of any size. You can conduct group video chats or issue loyalty points to your group.
The SuchApp SPS ICO Token Sale
The SuchApp ecosystem revolves around the use of the SP Coin, or SPS. The company is holding a token sale for SPS tokens.
There’s a total supply of 2.5 billion SPS tokens. 1.25 billion are being distributed during the sale. The sale has a hard cap of $40 million USD. You can contribute to the token sale using ETH, BTC, BCH, and LTC.
The SuchApp pre-sale starts on February 26, 2018.
Who’s Behind SuchApp?
SuchApp’s website lists a number of individuals involved with the project. Those individuals include Ronny Shany (co-founder and CEO), Vladimir Dobrov (project manager and “Chief Crypto Officer”), Justin Borrelo (Head of Business Development), Jo Nakav (Chief Techonlogy Officer), Rafael Deramas (PR and Marketing Director), Dennis Lewis (PR and Marketing Director), and Idan Lakritz (Chief Financial Officer).
Ronny Shany (co-founder and CEO) is described as “a senior executive with over 16 years of experience in the field of media & entertainment.” He’s the co-owner of Footprint Technology Ventures, an investment firm that invests in cryptocurrency and blockchain startups.
SuchApp is based in New York City.
SuchApp SPS ICO Conclusion
SuchApp aims to create a better blockchain-based messaging ecosystem. That ecosystem includes end-to-end encrypted messaging, 4K video, and location-based services like RADAR that let you find people near you.
The token sale for SuchApp tokens begins on February 26, 2018. To learn more, visit online today at SuchApp.io.