The Dublin Tech Summit being held this week was all abuzz with the news of the launch by homegrown messenger app Mingo of its ICO. Mingo is the first major cryptocurrency project to be fully developed in Ireland. To spice things up, even more, the project team announced a 20 percent bonus for any Mingo utility token (MGT) purchase before May 1, 2018. The platform consists of a messenger app built to consolidated messages across various apps, with plans to create a plugin economy that will include, among other things, the MingoPlay plugin.
MingoChat is a free instant messenger aggregation app that supports Facebook, Twitter, Steam, Discord, Slack, Skype, and IRC Cloud. The app is designed to reduce missed messages and delays in response time, to do away with redundant messages, and eliminate the need for app switching by streamlining all conversations across platforms into one convenient conversation stream. Mingo will automatically synch your contacts across applications and arrange message streams accordingly, making Mingo the only place you need to go to find all your messages. In addition to the seven currently supported messenger apps, development for the popular messengers WhatsApp and Telegram is currently underway with planned incorporation to the platform this summer.
In addition to messenger aggregation, Mingo plans to build a plugin economy on its platform. This will enable service providers and merchants to sell their goods and services via plugins on the Mingo platform. The platform will also allow for micropayments, something that was previously too costly using conventional payment methods. The platform currency is MingoCoin, which will be useable for transactions in the Mingo plugin economy. MingoCoins can be transferred between users and stored in each individual’s MingoWallet.
The third element of the Mingo platform is MingoPlay, where users can challenge each other in skill-based games and tournaments with the ability to win MingoCoins. Through the plugin system, developers will be able to launch their own games on the Mingo platform as well. MingoPlay and the plugin platform will undergo beta testing this summer, with full implementation planned before the end of the year.
Speaking at the Dublin Tech Summit, Mingo CEO and blockchain enthusiast Joe Arthur remarked:
“We were so excited to be able to announce our ICO launch at the Tech Summit here in Dublin. It’s the largest event of its type in Ireland. The ICO will not just help us implement our business plan; it will help develop the community and bring us into contact with new and motivated users. Mingo’s goal is twofold, to introduce cryptocurrency to the masses and to finally make messaging simple and easy.”
Recently Mingo announced a partnership with Swirlds, who created the Hedera Hashgraph public distributed consensus platform. Swirlds is helping Mingo revolutionize their message aggregation technology and create a unique platform for communication, cryptocurrency transfer, and gaming. This will make Mingo a pioneer in using the Hedera Hashgraph, a technology capable of disrupting the blockchain industry.
The Mingo ICO will run until May 30, 2018, with a soft cap goal of 8,000 ETH and a hard cap set at 45,000 ETH. The Mingo token (MGT) is an ERC-20 compliant token and will be issued on the Ethereum blockchain. For more on Mingo and its ICO, visit their website at mingocoin.com.
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