I can see that plenty of people are skeptical about Texochat because of its supposed competition with the tech giants. But they all should remember a tale about David and Goliath, where a small and seemingly weak man defeated a giant. The same could happen to Texochat, just look at the success of Slack. Sure, Texochat won't have a global reach of big corporations, but it can easily form a sizable pool of loyal users. Therefore, Texochat should be afforded a chance to enter the market.
Forgive my skepticism, but I don't see how Texochat would be able to compete with the industry behemoths like Telegram and Facebook. But I do know the advantage that these two have over this emerging project, and it is the already existing massive pool of active users, who will migrate to the corporations' new crypto solution in an instant. I don't see how Texochat would be able to overcome this factor. Sure, they can make all efforts to gather as many users as possible before the official launch of the mentioned competitors, but I highly doubt that it would ever be enough.
I reckon that Texochat couldn't have chosen the worst time for the launch of their crypto-powered chat. 2019/2020 would be the period when social media and messaging powerhouses, Facebook and Telegram, introduce their respective cryptocurrencies - Libra and GRAM - which should send the small-time competitors, Texochat, for instance, into oblivion. Besides, Facebook wants to have a pilot launch of Libra in India, and Texochat evidently has been designated for the same market.
The project has a lot of potential, and if they manage to do what they wish to do, their app might be good enough to exceed Discord and Telegram. However, creating the ultimate chat app is still quite a challenge, and the project's competition consists of well-known apps that are being used worldwide, and that have been dominating the field for years. However, the vision still seems solid, and the project has a good team, and a good, working product.
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| ICO | Start | End | |
|---|---|---|---|
| 1 | Ledder | Aug 01 | Dec 31 |
| 2 | BitWings | Jun 03 | Nov 30 |
| 3 | Pbet | Jun 18 | Dec 15 |
| 4 | UCBI Banking | Oct 18 | Jan 18 |
| 5 | Cinemadrom | Feb 03 | Apr 30 |
| 6 | Yachtco | Aug 04 | Feb 04 |
| 7 | GOVEARN | Jun 23 | Dec 31 |
| 8 | BrandProtect | Apr 27 | May 31 |
| 9 | PointPay | Jul 22 | Jul 22 |
| 10 | WINBIX | Jul 01 | Sep 28 |
| Currency | Price, USD | 24h | |
|---|---|---|---|
| 1 | Bitcoin | 8 693.868 | 1.83% |
| 2 | Ethereum | 187.532 | 2.31% |
| 3 | XRP | 0.269 | 2.14% |
| 4 | Bitcoin Cash | 273.527 | 2.38% |
| 5 | Tether | 1.016 | 0.96% |
| 6 | Litecoin | 60.551 | 3.62% |
| 7 | EOS | 3.468 | 2.37% |
| 8 | Binance Coin | 20.425 | 0.84% |
| 9 | Bitcoin SV | 126.108 | 1.86% |
| 10 | Stellar | 0.073 | 1.32% |
