Dechat is an open and secure Web3 communications protocol designed for decentralized user interactions. It aims to blend the functionality of messaging apps with the security and innovation of Web3 technology, transforming online interactions in decentralized environments.^[1][2]

Overview

Dechat, introduced on November 10th, 2023 on X (formerly Twitter), is an open and secure Web3 communications protocol led by CEO James Radford. It aims to facilitate decentralized user interactions by enabling users to chat, discover, and transact digital assets across various applications. Dechat seeks to combine traditional messaging functionality with Web3 security, focusing on decentralization, encryption, and community ownership.

Dechat's architecture includes peer-to-peer chatting, content discovery, and digital asset transactions, utilizing user-owned edge nodes for storage and bandwidth. Blockchain integration aims to support digital wallets and secure data storage, providing end-to-end encryption and secure video calling.

Key features include the SocialFi integration with the "DCHAT" inscription on the BNB Chain, which has 58,000 wallet holders, and an on-chain quest odyssey system designed to transition users from Web2 to Web3 through interactive experiences.^{[1][2][3][4][5]}

Technology

Dechat's technology framework aims to facilitate secure and decentralized communication through a peer-to-peer (P2P) network. Instant messaging clients function as nodes, enabling direct message delivery without central servers. Offline messages are managed by users' own edge nodes or trusted edge nodes.

Edge nodes, owned by users or trusted providers, provide computing services and store offline data. The system ensures that only offline messages are temporarily stored in the edge network, with highly private data encrypted and stored solely on users' devices.

Blockchain technology is utilized to store social graph data and support network trading protocols, aiming to maintain data integrity and security in a decentralized manner.^[6]

AI-Store

The Dechat AI Store offers a variety of AI tools payable with cryptocurrencies or DECHAT AI NFTs. For cryptocurrency payments, 90% is used to repurchase and burn $DECHAT tokens, with 10% going to the referring partner.

Key tools include DechatGPT for text-based assistance, AI Translator for accurate translations, and AI Assistants for task management. Text-to-Speech, AI Emojis, AI Artface, and AI Voice complete the suite, enhancing communication experiences on the platform.^[7]

Tokenomics

Dechat Token ($CHAT)

The Dechat token ($CHAT) aims to support governance, utility, and network development within the platform. With a total supply of 25 million tokens, $CHAT facilitates user participation in governance, access to platform features, and network engagement.^[8][9]

Utility

$CHAT has multiple utilities:

• Governance and Access: $CHAT aims to allow holders to influence development decisions and access exclusive ecosystem features.
• Token Burning: Specific platform interactions and third-party app access to API features require burning $CHAT, reducing the circulating supply.
• Staking Incentives: Users can stake $CHAT for fixed annual yields. Higher tiers, like “Super Nodes,” aim to enable community organization and dividend rewards.
• Referral Mining: Users can earn $CHAT by inviting others and promoting Dechat, with rewards proportional to their contribution level.^[2]

Allocation

The allocation of $CHAT tokens is structured to support various aspects of the Dechat platform. The allocation details are as follows:

• Teams: Allocated 5% (1,250,000 tokens), locked for 2 years and then released linearly over 24 months.
• Seed: Allocated 4% (1,000,000 tokens), with 7% released at the Token Generation Event (TGE) and the remainder released linearly over 12 months.
• Private: Allocated 16% (4,000,000 tokens), with 10% released at TGE and the rest released linearly over 12 months.
• Public Sale: Allocated 7.09% (1,772,500 tokens), with 15% released at TGE and the remainder released linearly over 12 months.
• KOL Round: Allocated 1.27% (317,500 tokens), with 15% released at TGE and the rest released linearly over 4 months.
• Liquidity, Market Making, and Incentives: Allocated 10% (2,500,000 tokens), with 40% released at TGE, locked for 6 months, then released linearly over 6 months.
• Chat to Earn: Allocated 40% (10,000,000 tokens), with a 4-year vesting period.
• Community Treasury: Allocated 1.64% (410,000 tokens), released over 2 years.
• Node Rewards: Allocated 15% (3,750,000 tokens), with a 4-year vesting period.^[2][8][9]