We have come to know Blockchain as the digital structure of the internet around which several services are established on. It helps keep transactions transparent, fast and economical and is the basis of the decentralized ecosystem of the cryptocurrencies.
After its initiation in 2014, the financial services industry has finally come to realize its true potential and the value it can provide by using its distributed ledger technology. The blockchain ecosystem could prove to be integral in the elimination process of the post-trade infrastructure and inculcate a system that is convenient, transparent, accessible, inclusive and cheap.
Maybe it's because of these unique and tremendous features that the digital ledger has managed to make such significant strides in the industry three years later.
Mingo
Mingo is an Ireland based startup that aims at bringing the digital world of cryptocurrencies to the masses through its user-friendly interface. The team wants it to become the forerunner for the crypto adoption wave. This they plan to do by introducing the MingoMessenger, the MingoWallet, and the MingoCoin.
It has been introduced to exploit the potential 75% market of internet users and bring them to join the mere 0.05% cryptocurrency users. The growth of the cryptomarket and inclusion of internet users is integral to further the growth and development of blockchain. With companies such as Google, Goldman Sachs and Deloitte participating in the crypto craze, it is now become important to have a platform that will enable the masses to ease into the new generation of financial services.
Mingo has created a platform that will help users understand the world of the digital economic market and will help create a sense of inclusion and accessibility through its apps. It may even change the way how all future ICO's take place.
The platform
Mingo tries to simplify the rather complicated world of cryptocurrencies and walk the user through the process step by step. It does so by using the MingoCoin as the default currency and incentivizes good behavior with achievements and MingoCoin until the user is confident enough to unlock more advanced features.
The MingoMessenger will act as the vehicle, the MingoWallet will take up the role of tutor and the MingoCoin would be the value.
MingoMessenger is a working mobile application that currently has over 50,000 users in more than 100 countries. It is messaging app that is available for both Android and iOS mobile systems and will manage to sync all the contacts of the user and merge accounts of other messaging apps into one, in order to provide easy setup. The main purpose of the MingoMessenger is to help establish Business-to-Consumer relations. This would enable companies to promote and increase their social media influence by providing services such as customer support, sales, billing through bots and live attendants.
The MingoWallet is a platform that will help the user to familiarize themselves with the cryptocurrencies. It is a simplified and gamified cross-currency wallet that will be connected to the MingoMessenger and will allow users to store and carry out transactions with their MingoCoin. It will provide faster and low-priced transactions via the Lightning, Raiden, and Plasma networks.
The MingoCoin is an ERC-20 Ethereum token that is primarily used as an incentive for good behavior, with board gamification as its core utility.
Review
In order for blockchain to truly live up to its potential, it is essential to acknowledge that industry organizations, technology providers, market participants and market structure providers need to come together. This will enable the expansion, growth, and development of the public ledger. With the introduction of Mingo, we will be able to move towards this goal.
Mingo will bring together new users and potential business to harmonize the ecosystem of the cryptomarket. By creating an app that is currently in demand and successfully accumulating more than 50,000 users from 100 different countries, shows that the team of Mingo will prove to be successful in accomplishing their goals.
Moreover, their strategic partners will help in creating a magnetic effect on consumers. Their partners will include Xunison which is an international and entertainment Device Company, One Direction member Niall Horan and CYFX which is a money transfer and foreign exchange service. Mingo has even managed to win the Enterprise Ireland Competitive Fund, something that will help further its credibility as a profitable project.
Mingo has already come a long way owing to the consistent faith of their users and a strong backing by partners. It is a project that definitely has a tremendous potential for growth and appears to have a demand that will only keep increasing. This will truly prove to be a worthwhile investment for consumers.
Visit: https://mingocoin.com/
