Subscribe to trk_capital
Subscribe to trk_capital
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Beoble is a communication infrastructure and ecosystem that allows users to chat between wallets. Product includes a web-based chat app, as well as a toolkit that allows Dapps to integrate. Chat app supports most major wallets and all messages are end-to-end encrypted
Security
In messenger applications like Telegram,Whatsapp,Signal and Facebook there are two main ways of storing data:
1. Cloud database and centralized server: All information about your messages is stored on the company's servers. When sending messages you connect to a centralized server that processes them. This approach ensures the preservation of your message history and provides access to it from different devices. However, some of your data is stored on the company's servers which creates a privacy risk as the company has access to this data.
2. On-device data storage: In this case, all data is stored on your device. When sending messages your device connects to a centralized server to transmit the messages. While this may provide a higher level of privacy since the data remains on your device, it also means you may lose access to messages when replacing your device if you haven't made a backup.If you made a backup - your data will be stored on the servers of the messager you are using.
3. On-chain Messaging on Existing Layer-1 Blockchains (Web 3.0)
Implementing on-chain messaging on existing layer-1 blockchains like Ethereum or Polygon seems simple for creating a decentralized messaging system. It involves deploying a smart contract to deliver messages. However, challenges arise, such as privacy concerns, high gas fees, and reliance on a single blockchain. Privacy is a major issue because transactions on public blockchains are visible to everyone, potentially revealing sender-receiver relationships. This lack of privacy could lead to significant issues as users' activities become easily monitored by the public.
Regardless of the chosen method, there is a risk that someone may gain access to your data in all this cases. So,Beoble created their unique and fully secure system.
Beoble's solution
Beoble's messaging system is decentralized, ensuring privacy and user ownership of data. It uses Web 3.0 wallets for authentication and end-to-end encryption for security. Messages are delivered through decentralized paths, preserving privacy by encrypting the delivery path. The platform employs multi-layered encryption and decentralized storage for efficient and secure messaging. With no centralized control, anyone can operate CDG nodes, ensuring scalability and performance efficiency without compromising user data ownership.
Sung Cho - worked at Morgan Stanley,Goldman Sachs,Citadel as software engineer.He has more than 8 years of experience in the field of development
Chanhyeok Yim - worked in JP Morgan as an Equity Derivatives Risk Management Application Developer.Also, has more than 8 years in the field of development
Jungwoo Yun - founded MadBoy games.Has more than 8 years if experience in building consumer tech applications
Beoble raised more than 7.6 million (It is unclear how many coins and for how much were sold in the funding round to Animoca Brands ) from DWF Labs,Hashkey,DCG ( parent company of Grayscale - 50 billion $AUM),Samsung NEXT,Animoca Brands and others.
Project has Certik( best auditor in crypto space) audit.
Inactive GitHub.I guess it is because team don’t want to show to competitors how they develop.However, it looks strange.
The project is still running in test mode so it's not relevant to count the number of users.However, you we look at the activity of Twitter and amount google searches.
Beoble got listed on exchanges on February 29th, so it's not surprising that there isn't much talk about it yet. However, the growth dynamics of Twitter followers are quite linear and promising. The project is expected to allow everyone to use its product soon. When that happens, I believe we will see significant interest in the project, as it is innovative and many people will be eager to try it out.
Market cap-$24,486,608
Volume (24h)-$9,222,717
Circulating supply-115,909,511 BBL (11.59%)
Total supply-1,000,000,000 BBL
Fully diluted market cap-$211,256,248
The majority of the coins are held in the project team's wallet. Almost all remaining coins are on exchanges. Since the token was recently released retail investors haven't had the chance to buy up a lot of coins and transfer them to wallets. The current coin distribution will have a very positive impact on the coin's price as there won't be significant selling pressure from retail investors.
Governance
B2B Payment Buyback (100% B2B revenue capture to token)
In-app / In-protocol Advertisement (a.k.a. "superchat") Fee (100% revenue capture on fee)
In-app OTC and Social Trading Support (trading fee share)
Chatroom Economy (Chatroom Entrance Fee / Donation) and Fee Share
Ecosystem Game & dApp Utility
Access to Staking Reward (Airdrop Boost, Early Reward, Special Drop, and more)
In crypto space, the practice of pumping a project's value significantly before the vesting periods for funds and the team is quite popular. I believe that in this project, the model will be almost identical to what can be seen on Solana, Avalanche, WorldCoin, and many others.
Currently, there's only about a 6x return on investment from the main funding round. This is low and if VC's will start selling coins and other rounds like team and others the price will drop by tens of percent. Therefore, VCs need to pump the token at a much higher price and gradually distribute it to retail investors. Vesting for funds begins in August, so I suppose that the token price will rise by that time. At the same time tokens held by the team will begin to unlock.
Currently, the pressure on the price from funding rounds is minimal: 1.65% of all coins in the market are linearly unlocking to investors with the IDO on Bybit and Ape terminal. Additionally, coins have begun to unlock from the treasury, ecosystem development, and protocol development but vesting for this rounds is 36 months. So impact on price is very small.
Pprice doesn't strongly correlate with Bitcoin as the token was recently launched.
Beoble is a project with the greatest potential for mainstream adoption of web3. Even if we disregard the technology and the people initially behind the project, the potential opportunity to access audience of millions of users from messengers makes the project one of the most promising.
Cons:
Lack of precise information on funds raised
Lack of precise information on agreements with investors
Tough competition with popular and big companies with large userbase
No roadmap
Inactive GitHub
Pros:
Most secure messenger
Founders are influential people in IT
Successful audit
No hacking precedents
Large Investors
Same scheme vesting as in Solana,Avax,Wld
Weak selling pressure from funding rounds and retail traders
Project has the potential to attract a large number of users from popular messengers like whatsapp and telegram
Beoble is a communication infrastructure and ecosystem that allows users to chat between wallets. Product includes a web-based chat app, as well as a toolkit that allows Dapps to integrate. Chat app supports most major wallets and all messages are end-to-end encrypted
Security
In messenger applications like Telegram,Whatsapp,Signal and Facebook there are two main ways of storing data:
1. Cloud database and centralized server: All information about your messages is stored on the company's servers. When sending messages you connect to a centralized server that processes them. This approach ensures the preservation of your message history and provides access to it from different devices. However, some of your data is stored on the company's servers which creates a privacy risk as the company has access to this data.
2. On-device data storage: In this case, all data is stored on your device. When sending messages your device connects to a centralized server to transmit the messages. While this may provide a higher level of privacy since the data remains on your device, it also means you may lose access to messages when replacing your device if you haven't made a backup.If you made a backup - your data will be stored on the servers of the messager you are using.
3. On-chain Messaging on Existing Layer-1 Blockchains (Web 3.0)
Implementing on-chain messaging on existing layer-1 blockchains like Ethereum or Polygon seems simple for creating a decentralized messaging system. It involves deploying a smart contract to deliver messages. However, challenges arise, such as privacy concerns, high gas fees, and reliance on a single blockchain. Privacy is a major issue because transactions on public blockchains are visible to everyone, potentially revealing sender-receiver relationships. This lack of privacy could lead to significant issues as users' activities become easily monitored by the public.
Regardless of the chosen method, there is a risk that someone may gain access to your data in all this cases. So,Beoble created their unique and fully secure system.
Beoble's solution
Beoble's messaging system is decentralized, ensuring privacy and user ownership of data. It uses Web 3.0 wallets for authentication and end-to-end encryption for security. Messages are delivered through decentralized paths, preserving privacy by encrypting the delivery path. The platform employs multi-layered encryption and decentralized storage for efficient and secure messaging. With no centralized control, anyone can operate CDG nodes, ensuring scalability and performance efficiency without compromising user data ownership.
Sung Cho - worked at Morgan Stanley,Goldman Sachs,Citadel as software engineer.He has more than 8 years of experience in the field of development
Chanhyeok Yim - worked in JP Morgan as an Equity Derivatives Risk Management Application Developer.Also, has more than 8 years in the field of development
Jungwoo Yun - founded MadBoy games.Has more than 8 years if experience in building consumer tech applications
Beoble raised more than 7.6 million (It is unclear how many coins and for how much were sold in the funding round to Animoca Brands ) from DWF Labs,Hashkey,DCG ( parent company of Grayscale - 50 billion $AUM),Samsung NEXT,Animoca Brands and others.
Project has Certik( best auditor in crypto space) audit.
Inactive GitHub.I guess it is because team don’t want to show to competitors how they develop.However, it looks strange.
The project is still running in test mode so it's not relevant to count the number of users.However, you we look at the activity of Twitter and amount google searches.
Beoble got listed on exchanges on February 29th, so it's not surprising that there isn't much talk about it yet. However, the growth dynamics of Twitter followers are quite linear and promising. The project is expected to allow everyone to use its product soon. When that happens, I believe we will see significant interest in the project, as it is innovative and many people will be eager to try it out.
Market cap-$24,486,608
Volume (24h)-$9,222,717
Circulating supply-115,909,511 BBL (11.59%)
Total supply-1,000,000,000 BBL
Fully diluted market cap-$211,256,248
The majority of the coins are held in the project team's wallet. Almost all remaining coins are on exchanges. Since the token was recently released retail investors haven't had the chance to buy up a lot of coins and transfer them to wallets. The current coin distribution will have a very positive impact on the coin's price as there won't be significant selling pressure from retail investors.
Governance
B2B Payment Buyback (100% B2B revenue capture to token)
In-app / In-protocol Advertisement (a.k.a. "superchat") Fee (100% revenue capture on fee)
In-app OTC and Social Trading Support (trading fee share)
Chatroom Economy (Chatroom Entrance Fee / Donation) and Fee Share
Ecosystem Game & dApp Utility
Access to Staking Reward (Airdrop Boost, Early Reward, Special Drop, and more)
In crypto space, the practice of pumping a project's value significantly before the vesting periods for funds and the team is quite popular. I believe that in this project, the model will be almost identical to what can be seen on Solana, Avalanche, WorldCoin, and many others.
Currently, there's only about a 6x return on investment from the main funding round. This is low and if VC's will start selling coins and other rounds like team and others the price will drop by tens of percent. Therefore, VCs need to pump the token at a much higher price and gradually distribute it to retail investors. Vesting for funds begins in August, so I suppose that the token price will rise by that time. At the same time tokens held by the team will begin to unlock.
Currently, the pressure on the price from funding rounds is minimal: 1.65% of all coins in the market are linearly unlocking to investors with the IDO on Bybit and Ape terminal. Additionally, coins have begun to unlock from the treasury, ecosystem development, and protocol development but vesting for this rounds is 36 months. So impact on price is very small.
Pprice doesn't strongly correlate with Bitcoin as the token was recently launched.
Beoble is a project with the greatest potential for mainstream adoption of web3. Even if we disregard the technology and the people initially behind the project, the potential opportunity to access audience of millions of users from messengers makes the project one of the most promising.
Cons:
Lack of precise information on funds raised
Lack of precise information on agreements with investors
Tough competition with popular and big companies with large userbase
No roadmap
Inactive GitHub
Pros:
Most secure messenger
Founders are influential people in IT
Successful audit
No hacking precedents
Large Investors
Same scheme vesting as in Solana,Avax,Wld
Weak selling pressure from funding rounds and retail traders
Project has the potential to attract a large number of users from popular messengers like whatsapp and telegram
No activity yet