ComingChat: Focus on finance and supported by social function
Web2 is read+write, web3 is read+write+own. this is the classic definition of web2 and web3. In the era of the read-write web, there is always a lack of economic efficiency in the ownership of the content created by users. Users are forced to consent to personal information being collected or over-collected, and some platforms may also abuse their technological advantage to use each user’s data for profit-making, all of which happens without the user’s permission and without any benefit distribution. In this case, the feature of web3 ‘own’ seems to solve the pain point of the web2 era: with the help of blockchain technology, break the barrier of the Internet, clarify the data subject right of users, quantify the data to each user, and ensure that users have the right to realize the data at any time.
The web3 product is for users to own, engage, and gain benefits. Therefore, the product only makes sense if it comes with its own quantitative pricing data. After the user has the data autonomy, it is important to realize and profit. ComingChat has always defined itself as ’finance+social’. The Internet has financialized people’s lives, with finance as the main focus and socialization as a supplement.
Finance: ComingChat not long ago accessed SoSwap on the mobile side. SoSwap is a cross-chain hub, a chain-wide decentralized exchange, and a financial center that supports swaps for ecosystems on different chains. simply by connecting your wallet through a helper, you can manage digital assets on different chains. Unlike web2’s centralized exchange, where you need to be authenticated upon registration and funds are hosted on the platform, not only is the transparency low, the operation complicated and the verification cumbersome, but your personal information is also controlled by the platform and there is always the risk of privacy leakage. In the web3 world, however, the unique asymmetric encryption technology has greatly improved security.
When you create a wallet in ComingChat, the contract will export the private key based on the password entered, thus generating a set of helpers. having helpers gives you control over the wallet, and the digital assets under the wallet address. When you import a wallet on SoSwap, we do not have access to your identity or private key information. SoSwap is currently integrating the layerzero protocol and plans to implement a chain-wide token swap by the end of June.
In addition to this, we are planning more financial services, futures, and lending to go live in the near future. In addition, we are also planning a native swap feature in ComingChat, with the aim of allowing users to experience decentralized full-chain applications as they would a centralized exchange. Currently, Binance, OKEx, and other centralized exchanges are accessing web3 wallets and transitioning to on-chain financial services, as their assets are also rapidly transferred into various pools on the chain. This seems to be more proof that the future trend of financial products is decentralized, or that finance is the biggest immediate need of web3.
Social: ComingChat is a privacy communication software, in the ComingChat world we have a blockchain native identity system with programmable privacy called CID, which is a new type of digital identity that can be implemented verifiably for the web3 world. Allowing individuals or organizations to be able to have full ownership, management, and control of their digital identity and their data. Once the CID is known, the freedom to choose encrypted or unencrypted chat is possible. All chats are stored locally and are not known to third parties, including the ComingChat team.
After binding the wallet, users can also use the CID to unify the wallet address with only 5–13 digits to realize peer-to-peer transactions, freely switch assets under different chains, and transfer money quickly. And the mobile SoSwap is adapted to most of the functions of the PC side, users can realize cross-chain swap in ComingChat.
ComingChat’s unique privacy communication technology is a good solution to the buying and selling needs of some of the big players and facilitates their transactions. The purpose of social is to attract users and get traffic and to provide a free and trustworthy environment for financial business. The financial business allows users to experience the business of centralized exchange while retaining their own data. Finance and social complement each other, instead of mechanically replicating and imitating the web2 operation model, leading the way to the real web3 world.
ComingChat’s mission is to build a metaverse for the entire ecosystem. With the economic structure of Bitcoin, it aims to reshape the digital economy system for billions of people around the world by building a simple, secure, and private global payment system and financial infrastructure. It further strengthens the interaction between the Internet and the real world by serving as a gateway for users to enter the Web3.0 world where a programmable identity system is established with CID as users’ digital identity, thus achieving unprecedented interoperability.
It will be a trustworthy, and user-centered metaverse platform that enhances user interaction services including:
- Decentralized social system
- Bitcoin wallet
- NFT ecosystem