MINGO – ONE PRODUCT FOR EVERYTHING
In the 21st century, the growth of the technological evolution is amazing. Ten years before, Nokia was the giant in the mobile phone industry and now keypad mobiles have become some kind of antique. Similarly, 20 years back, when they said you can talk seamlessly with another person on the mobile phone without any interruption, we were all awestruck. Now, we are using our phones for everything except for calling. Whatever we thought would just be a dream 50, 60 years ago, all came into the reality. Hollywood movies often envisioned so many things that might happen in the future and things such as voice translator, tablets, video conferencing were some of the few things that came into existence. We envision so many things and some of them might actually come into the existence. In case of messaging, we were once using SMS for texting and now we have WhatsApp, Telegram, WeChat, Messenger and so many apps are developed just for messaging.
Ten years before, if someone would have said that we might use a transaction method where transferring money would be as easy as eating a cupcake and does not have a central authority, we might have had a good laugh all together. But now after the invention of cryptocurrencies, it all became true. Even giants like Microsoft, Dell have accepted cryptocurrency as a payment method. Currently, only .05% people use cryptocurrency transactions but according to a report, more than 75% people will use cryptocurrency by 2030. Technology always makes things easier and it helps people to save more time. So, what if I say that there is an app that can consolidate all messaging apps into a single one where you can also online transact with your friends, colleagues? Mingo can do all these on both Android and iOS platforms.
MINGO - OVERVIEW
Mingo is a collection of a set of products. Currently, they have three products in their set namely,
• MingoMessenger, a messenger that supports all apps for messaging
• MingoWallet, a wallet specially designed for cryptocurrency transactions
• MingoCoin, a cryptocurrency developed to use within MingoWallet transactions
MingoMessenger
Generally, we use WhatsApp, Messenger, Telegram etc. for messaging purposes. If two different people are messaging from two different apps at the same time, it becomes difficult for you to text both and difficult to switch over apps and phone might become slow because of this. Now, that is where MingoMessenger comes into the picture. MingoMessenger can consolidate the messaging apps into a single one and it will look like they all are texting in you in a same app, while they are messaging from different apps. MingoMessenger not only sync all apps, it also syncs all your contacts. What it means that, if a person is messaging to you in both Messenger and WhatsApp, it will all look the same to you although it is not. It provides a single feed for each contact. So, hereafter you would not miss any message from your friends.
The MingoMessenger is currently supported by,
• Discord: 45M registered users; geared toward gamers and developers.
• Facebook Messenger: 1.57B daily mobile users.
• IRCCloud: 16K users.
• Skype (in beta): 300M active users.
• Slack: 5M daily users.
• Steam: 125M registered users with 7M-10M users online at any given time.
• Telegram (in beta): 100M monthly users.
• Twitter: 328M monthly active users.
Currently, this Messenger app has more than 50,000 users in more than 100 countries. The reach of MingoMessenger is the example on how Mingo team has planned their future roadmap.
MingoWallet
For the first time when you install Mingo, they will give gift you some MingoCoins, which you can share with your friends on Mingo and when they accept, you will get rewards again as MingoCoins. Like these, they are making it easy for the first-time cryptocurrency users by having an in-built tutor and there are much more tasks to enable us to use cryptocurrency transactions and will unlock more features after familiarization of cryptocurrency. So, now in order to store the MingoCoins, they have developed MingoWallets. There are 1.9 Billion people in the messaging community. They have combined both coin and app to tap into all those users in messaging community.
Gamification
Now, they have combined both coin and app into a single term. But how are they going to people make use of the cryptocurrency? They are following the concept of 3R’s namely: Reminder, Routine, Reward. By using this concept, they are creating a money-making method without a central authority.
They don’t want to make only MingoCoins can be used in the Mingo but also want other currencies such as Bitcoin, Ether, Ripple etc. for transactions.
Now, another question comes. What if you want to make a payment to a friend through MingoCoins and that person does not have a compatible wallet? The MingoWallet also has a cross currency converters, which will convert the MingoCoins to the currency which they support.
Strategic Partners
You cannot do all of these alone without someone to support you for the cause. Also, Mingo has always had their future well planned and one of their main focus is to develop more partnerships and maintain the current partnerships. Niall Horan, Xunison, CYFX and Enterprise Ireland are currently the strategic partners for Mingo.
Pre-Sale
Mingo is going to start their Initial Coin Offering(ICO) and start developing the MingoWallet and MingoCoins by March 2018. Through this pre-sale offering, they would get enough funds not only to develop their Wallet and Cryptocurrency but also to enhance their Messenger and to make them support more apps in the future. This is how they are going to manage their funds from their pre-sale offering.
This pre-ICO offering is only in the countries like the USA, Ireland, China and other countries where they have users of Mingo.
Conclusion
Mingo is the world’s first company to provide us with a Messenger, Wallet and a Coin as a set and helping people to use them easily with a built-in tutor and with good partnerships, they will reach heights which we can’t even imagine.
Visit: https://mingocoin.com/
Whitepaper: https://firebasestorage.googleapis.com/v0/b/mingo-2bdfc.appspot.com/o/Whitepaper.pdf?alt=media&token=e709359a-b76f-4230-b9a8-2c374ccc464d
Written by: karanj
