Vibeo is building a new era of Instant Messaging/Social app which allow to access a Worldwide blockchain economy and community. Our application is already available for download on App Store and Google Play.
With our integrated crypto wallet, users will be able to send and receive crypto-currencies, carry out exchanges within the community of Vibeo users and use crypto-currencies to make payments from within the application. Users can exchange crypto for goods and services with registered merchants around the world, and can even interact with such merchants (such as making orders or bookings) from the chat app.
In communicating with loved ones, the Vibeo app gives much more functionalities than conventional applications with Advanced Location features that offer travel updates to selected loved ones or groups, currency transfer from one user to another, the creation of a strong community revolving around a decentralized economy.
As a result of the increased global use of smartphones, which has surpassed the use of the conventional desktop and continues to increase, an increasing number of highly public social media networks are moving to private micro-networks to carry out their day-to-day communication. This group of people have adopted messengers as a primary means of digital communication, and with this increasing adoption comes the potential of making messaging platforms the novel portals to economic transactions.
Mobile messaging platforms now have more users than web 2.0 social networks, higher retention rates than these platforms, and have more smartphone users spend their time on the platforms than with other mobile applications. This presents the opportunity for developing messaging platforms beyond nodes for interpersonal conversations, but to communities of sub-cultures, economy and trends thrive.
In China, WeChat pay is used by over 90% of WeChat users to make offline purchases in Chinese cities. The WeChat App has been developed to be highly integrated into the day-to-day living of Chinese people. From social life, banking, transportation et cetera, almost all forms of payments can be made from within the messaging platform. One major problem however exists within the application. It is a closed-source, proprietary app which is subject to security risks, coercion and corruption as a result of its lack of a decentralised architecture. Other globally leading messaging platforms have not embraced the economic gateway potential of the large user base of such platforms (like WeChat has) and even if they do, they all face the same issue that results from their centralised architecture.
Vibeo aims to mitigate the current inherent deficiencies of instant messaging apps by building a mobile messaging application with a decentralised architecture on the Ethereum blockchain. It would create communities where merchants can receive payments from users securely via the application; users can carry out financial exchanges; merchants can securely interact with customers and carry out transactions, and; users and merchants can build a stronger community around the blockchain.
The Vibeo protocol is designed to build the feeling of community among all users. The app incorporates a map location feature where you can discover a fully decentralised economy; find merchants and other Vibeo users in your locality and choose to engage with them. This motivates users and merchants alike to exchange currency, exchange ideas and even render services within the platform thus helping the movement for decentralisation grow and develop more. The protocol also incorporates key security features, not only within the app's technology, but also in its application, to ensure that users can be safe both within the app and in real life. The security comes in sending payments within chats, and default encryption on all messages that is based on peer-to-peer protocols from decentralised servers. Key features such as the Safe Trip feature also ensures security in real life.
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Eric Sebastien DechauxICO team member replied on 11 Jul 2018
Hi,
I dont like to be compared to Telegram, we dont have a web client and we think that having a web/desktop version is useless, Telegram is also very popular thanks to ICOs, not sure they will ever reach numbers similar to WeChat and WhatsApp. Vibeo is to be compared with WeChat, let's say we have similar features to WeChat but with blockchain features, you will be able to access a worldwide economy and community based on blockchain thanks to our completely decentralized map and our Vibeo API to integrate merchants and services that offer payment with crypto-currencies. We will have a crypto wallet integrated into our app and we will also offer few other features to travel safely.
Why blockchain? To be the first in the market to offer an IM app with a decentralized map (not using Google Maps) and offering crypto payment from your phone. We firmly believe this is the future and we will be among the first ones.
Advisor | Consultant | PR and Communications | Data Analyst Rated on Aug 22, 2018 Modified on Aug 22, 2018
3
3
3
7%
The team is technically okay, and their goals and visions are clearly stated.
The major challenge is competing against the numerous competitions in the market, as there are many messaging and social apps (& ICOs) out there that is aiming to be or already are on blockchain.
This means the marketing has to be on-point, but at the moment it is only attracting bounty hunters and bots into their telegram.
The tokenomics could also be further developed in order to increase the circulation and usage of the Vibeo's own token as the use-case at the moment seems very limited.
Another worry is the list of the advisors, as most seems to already have more than 10 projects on their list. Is Vibeo their #1 priority or will there be any advisement offered to them?
Eric Sebastien DechauxICO team member replied on 29 Aug 2018
With your average project rating being at 2.8 I guess we should be happy with a scoring of 3... You are wrong on many points but I ll focus on competition point. There is actually 0 (yes zero) real and 100% blockchain Social/IM app at the moment! all the competitors you see advertising such thing are lying. The only one really 100% and pure blockchain will be Vibeo v4 with each single technology used being from blockchain.
Please check our Vibeo v4 architecture plan here:
https://medium.com/@vibeo/how-vibeo-v4-will-be-100-blockchain-based-8a76b4fb51e5
On the marketing side we believe we have a very good marketing plan, please check here:
https://medium.com/@vibeo/vibeo-user-acquisition-marketing-strategy-2afd1d3064bb
For Advisors yes we have some of the best so they are busy like for any other ICO project, but they are not here to develop Vibeo for us, they are here to advise and help. Our core team is here to do the job!
ICO Marketing / Influencer Marketing / Crypto Trader Rated on Aug 11, 2018
5
3
2
5%
I have to say the team solid. The idea seems decent but I find it hard to believe they’ll survive against the messaging giant. We saw BBM get crushed and at the pace WhatsApp, Line, Kakao Talk and WeChat are growing I find it hard they’ll be able to compete against them. Also we noticed a similar ICO done by KIK and we know how that went. I believe if the product had more traction it would be worth while looking into it but starting a chat app from scratch I find it a very challenging thing to do.
Eric Sebastien DechauxICO team member replied on 13 Aug 2018
You are entitled to your own opinion but that doesnt make you an expert at all. You totally miss the fact that we are seeing a very powerful trend toward the blockchain social app. People aim to use secured and decentralized social/im app, you only have an external view and you dont see what we are seeing with Vibeo app. We get traction and people interest every days including VCs and private investors. We have competitors but if you do some due diligence and if you really know how social/im apps work you will see that Vibeo is probably the best to invest in actually. Others' failure doesnt mean we will also fail. I d highly suggest you to read our latest whitepaper which include the v4 architecture doc, this has been a huge work to deal and seal technology partners, we actually have the best solution/offer and we are the only 1 that could claim to have a 100% decentralized and completely blockchain app!!! Maybe thats why other projects have failed... If you dont offer more than whats actually available then yes you will go nowhere.
Personally I ve been using IM apps since their asumption, I am from the MSN messenger and ICQ generation and I have grown with all the different IM app, I know lot of them wont be able to switch to the new generation coming, but thats my opinion only...
About WeChat and WhatsApp, yes those are monsters but again they wont be able to offer anything blockchain; we don't plan to have more users than WeChat but we do plan to get and grab 250MM users in the coming 5 years. Do you know how many people are using IM apps daily? Its around 4B and growing, I am happy to have such a potential market in front of me, even with competitors. I am not throwing numbers like this, we ve actually done a strong research. Yes we have competition but like you mentioned in your review we have a strong team (5 from your rating) so we strongly believe we will be the best blockchain Social/IM app. If you believe in blockchain then I think investing early in Vibeo could be wise, our ICO will give us a market cap between 2-10MM depending on funding we raise. High risk but high reward if we succeed in getting the Vibeo community to 250MM users...
PS: Aren't you one of those marketing guru that offered me something recently and I said no??
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant Rated on Mar 13, 2018
3
5
3
5%
Will definitely be a user if this works out as described. Love the idea of a secure wallet integrated with chat. Once you're up and running, you may want to look at other integrations other than ERC-20 tokens, as it reduces the size of your customer base and prevents it from being global.
Blockchain and Data Nerd - ICO Advisor - Helping enterprises build the Web 3.0 with decentralised technologies (Blockchain, IoT, AI) Rated on Sep 23, 2018 Modified on Sep 23, 2018
4
3
3
3%
They have a solid team and already the first steps of the app. I like the vision and where it is going in regard of not just having a messenger but also having the commercial aspect in it; connecting customers and merchants and offering them a platform for payments.
The big problem I see however is that this market is just about platform and user adoption. Without users, no merchants will join. Building this community will be very difficult but very important for the project.
Would like to see how they plan to build this massive community and with a very high adoption of the product
Eric Sebastien DechauxICO team member replied on 24 Sep 2018
Hi Julian and thanks for your review. You are correct, the biggest challenge is mass user adoption, I can not tell you all we have in mind and the exact plan because it's confidential but you may refer to our article about our marketing plan, this is something official, it includes few basic points we will work hard on, however we also have other things in mind to grow the user base but this is highly confidential as we don't want any of our competitors to steal our innovative marketing action plan.
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