Blockchain-based social application TronChat released on the Tron blockchain on August 24, 2018, as per details of an official Medium post.
Social Media Alternative
The decentralized application (dApp) allows users to earn TRX, Tron’s native digital token, in a suite of innovative and engaging games, applications, and social networks.
Describing the dApp as “Instagram, Venmo, and Telegram’s baby,” TronChat’s developers seem primed to supersede existing social media networks – pointing out the absence of rigid data privacy rules and media giants leveraging sensitive customer for making billion dollar profits.
The post noted TronChat was created with the above-mentioned fallacies in mind, providing users with a blockchain-based alternative that could additionally make them money.
Explaining their product, TronChat’s developers stated:
“We wanted to do more than wait for someone to create the first “killer” dApp for the blockchain world. TronChat allows anyone and everyone to easily earn TRX for doing the things they love most on social media, bringing true use and utility for both cryptocurrency and blockchain technology.”
An amalgamation of Instagram and Telegram, TronChat comes with messaging, photo-sharing, and video-posting functionality and can process money transfers via TRX tokens.
The two-way transaction process awards both creators and consumers: While the former demographic can define a content as “premium” – requiring users to pay-per-access – the latter group can take surveys or be paid for watching advertisements.
Consumers can additionally “tip” content creators with TRX tokens, which TronChat developers mention is an absent feature of the broader social media industry.
To incentivize and promote interaction, TronChat’s messaging platform awards users in TRX for opening messages and record recipient reactions.
Chatroom creators can receive tips and, in case of a “premium” group, charge users to access their chat; completely eliminating credit card information or other fiat-based alternatives in this regard.
Another method to generate TRX is via updating or refreshing news pages to receive new information – with the platform awarding users’ in TRX for doing so.
TronChat developers unveiled the dApp is under-development but “completed most critical components of the app.” The group is actively seeking investments to expedite operations and launch.