One the most interesting aspects of the blockchain technology and the cryptocurrency market is how they are enabling many interesting products to be launched. The company which we’ll review today, True Reply, is a great example of this.
What Is True Reply?
True Reply is a company which offers solutions for voiced surveys using the blockchain technology. TrueCoin, the tokens of the company, will allow people to launch their own automated voice-based surveys and to earn cryptocurrency with them. The company believes that voice-based interfaces are the future of the internet, so it is investing in them right now.
The company plans to work on segments of the industry like patient engagement, helping the bridging between the patient knowledge gap and increasing the monitoring of the patient; organizational panel research so organizations can understand their members better; and, obviously, consumer research, which is where surveys are most popular even today.
This platform is the first blockchain platform to be approved by the giant company Amazon, which is not a small feat. This company was founded by three professionals with experience in launching start-ups: Jose Cotto (CEO), Jeremy Manjorin (Chief Operating Officer) and Robert Moore (Chief Alliance Officer).
How True Reply TrueCoin Automated Voice-Based Surveys Works
This platform uses the Amazon Alexa powered device to create and send voiced surveys around the web. You can answer surveys and get money or you can use your cryptocurrency to create surveys and have them answered quickly.
The tool is made to be simple to use, so anybody can use it, whether they are professionals or not. The company uses cloud-based technologies and proprietary engines to drive the collection of data for administration and analysis. This enables voice to be used by anyone in surveys. The product is also engineered to be 100% in the cloud and to use take advantage of the cloud-based architecture.
True Reply uses TrueCoin, an Ethereum based cryptocurrency, as a currency. Everything that you will pay or receive in the platform will be in the form of this token. These tokens enable the users to store them in any Ethereum wallet and for fast transactions and lower transaction fees.
One interesting feature that the company plans to implement is the translation of surveys in English to another language. The question will be translated and the answer of the person too.
The mobile app for Android and iOS will be released during the second half of 2018. The TrueCoin token will also be listed on exchanges at this same time.
True Reply UTO ICO Details
If you liked the idea of True Reply, you can always invest in the company during the Initial Coin Offering (ICO). The ICO will start on March 1 and it will last during the month. With 1 ETH, you will be able to buy 10,000 TrueCoin. 350,000,000 TrueCoins, 70% of the total tokens, will be sold during the sale.
If you want to buy Truecoin, you will have to acquire Ethereum and use it in the transaction because ETH is the only cryptocurrency accepted.
True Reply Verdict
Is True Reply a good option for investment? That depends. If you are interested in the service of voiced surveys, then True Reply is surely offering the kind of service that might make you very interested about this company, but if you are not looking for this, then this investment might end up looking more lackluster to you.
You can still invest in TrueCoins even if you are not interested in the product being offered by True Reply, but this action is less interesting for you because while this company offers a very specific service, it is still unclear how successful it will actually be in the end, so you might be investing in a company which is not as successful as you might want.
In any case, you have to think very well before you decide how you are going to spend your cryptocurrency. If you want to invest in True Reply, go for it, this cryptocurrency seems like a very interesting option for our readers. If you do not want to invest, you can always just look for another cryptocurrency that might suit you more than True Reply on our blog.