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Last Update
Jul 10, 2018
Vibeo aims to mitigate the current inherent deficiencies of instant messaging apps by building a mobile messaging application that gives access to a Worldwide blockchain economy and community. It would create communities where merchants can receive payments from users securely via the application; users can carry out financial exchanges; merchants can securely interact with customers and carry out transactions, and; users and merchants can build a stronger community around the blockchain.
The Vibeo protocol is designed to build the feeling of community among all users. The app incorporates a map location feature where you can discover a fully decentralized economy; find merchants and other Vibeo users in your locality and choose to engage with them. This motivates users and merchants alike to exchange currency, exchange ideas and even render services within the platform thus helping the movement for decentralization grow and develop more. The protocol also incorporates key security features, not only within the app's technology, but also in its application, to ensure that users can be safe both within the app and in real life. The security comes in sending payments within chats, and default encryption on all messages that is based on peer-to-peer protocols from decentralized servers. Key features such as the Safe Trip feature also ensures security in real life.
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Verified 14%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Summary
Mainly, Vibeo is the go-to messaging app if you enjoy private conversations. Not only does it have a messaging platform, but users are able to create their own brand with it. While its invention might not do too much for the social media industry, it will change the way how users conduct transitions within the platforms. Unfortunately the inexperienced team and lackluster MVP and development makes us believe Vibeo will struggle to succeed.
Positives
Security: Messages that are sent through the platform have a default encryption. And, there are peer-to-peer protocols which are placed on decentralized servers to prevent manipulation or hacking.
Decentralization: The decentralized economy has no central authority and helps merchants and users take place in the digital community.
Negatives
Saturated Market: We are concerned about how it will dominate the messaging market. There are hundreds of apps made already so that Vibeo will face some serious competition.
Inexperienced Team: By communicating with the team we’ve found them to be inexperienced and unable to show much for the amount they’re attempting to raise.
No Pictures Of The Team: Alongside the team being inexperienced they refuse to show their faces on their website, potential scam risk.
Message applications have for long been in use for blockchain function. However, using a blockchain messaging platform as a portal for economic transactions is a unique trend. For VIBEO’s case, the age of digital communication can facilitate its adoption especially for the crypto enthusiasts who want less effort when it comes to the efficiency of the application. In conclusion, VIBEO does have the potential to revolutionize not such the age of interaction but how we could transact in the future.
Market competitive environment:
The mobile messaging segment of the market is the largest, and continues to grow at a very significant rate due to strong adoption of mobile technology globally.
The Enterprise instant messaging network segment is also growing significantly, as more and more enterprises are coming on board in adopting enterprise-related functionality and security features.
Applications such as Snapchat have security features that destroy selected messages and media that are found to be suspicious. Similarly, applications such as BBM and Telegram provide extreme secure communication, while WhatsApp has encrypted messaging features on all messages. China's WeChat and Japan's LINE had a rapid increase in the number of their users of up to 500 million within two years of being launched.
The global Instant messaging market at enterprise level was valued at $6.42 billion in 2014. The consumer IM market is expected to grow at a faster rate and it is likely to reach close to $ 12 billion by 2019. According to Statista, total number of monthly active users on the top ten instant messaging applications come to a total of 5 billion accounts.
The major competitors to the Vibeo mobile application are some of the top instant messaging applications on the global market. They are Facebook Messenger, WeChat, WhatsApp, Snap Chat, Google Hangouts .
The largest IM are direct competitors actively study the opportunities of adopting blockchain-technologies into their systems.
WeChat currently has 1 billion active monthly users. It is worth €100 billion and is a major lifestyle spending contributor within China, helping earn up to €1.76 billion
WhatsApp is recognised internationally, with about 58% of its global coverage accessing the app several times daily. Currently, it is owned by Facebook, who acquired it for €19 billion in February 2014.
Snapchat had 300 million daily active users globally by the first quarter of 2018. Capitalization - $21.01 bln
Facebook Messenger: Registered users - 1.3 bln, Monthly active users - 1.2 bln, Capitalization - n/d
Telegram: Registered users - 200+ mln, Monthly active users - 180 ml, Capitalization - n/d
Skype: Registered users - 500+ mln, Monthly active users - 300 mln, Capitalization - $8.5 bln
LINE: Registered users - n/d, Monthly active users - 200+ mln, Capitalization - $9.8 bln
Kik (Kin):Registered users - 300+ mln, Monthly active users - 15 mln, Capitalization - n/d
Project advantages:
The Vibeo app gives more functionalities than conventional applications with Advanced Location features that offer travel updates to selected loved ones or groups, currency transfer from one user to another, the creation of a strong community revolving around a decentralised economy using crypto-currencies to carry out transactions, and where the VBEO token gives platform users leverage in the use and development of the application.
SOCIAL ACTIVITY
Project’s popularity in social networks and at topic forums
As of August 20, 2018, the user base in social networks of the project counts less than 13k users and the audience’s activity is low.
Medium – 27 followers, from 0 to 65 claps. The average number of comments per post - 0 pcs. Audience’s activity is low.
Reddit – 14 subscribers. Audience’s activity is very low.
Profile in BitcoinTalk – the level of Jr. Member. The topic was read 1k times, audience’s activity is low.
Twitter - 1.2k followers, from 0 to 10 likes per tweet. The audience’s activity is very low
