Session crypto protocol is a decentralized, private messenger that allows users to chat with each other without leaving any digital leads on the web. According to its docs, it is going to have a utility Session token, the primary utility of which is rewarding node runners, subscribing to a pro version of the app, and staking to access revenue-sharing.
Although the current funding of the project remains undisclosed, it is publicly available that the developer and main backer of the product was Oxen - a developer of a privacy-based payment platform.
Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.
Session is a pioneering messaging protocol designed to grow into a $30B industry by 2030 using core principles of blockchain technology and end-to-end encryption. It offers an unmatched level of security and privacy, competing with the industry leaders - Signal and WhatsApp in these areas.
Session crypto app achieves this mainly by implementing a few key technologies:
Additionally, the privacy and security concerns related to the lack of demand for any personal information, such as email, or mobile phone, such features also improve the overall login and sign User Experience. Instead, it utilizes the Account ID to find a specific user and send their message. Hence, while complicating the process of finding the right contact, it completely eliminates sign up process while guaranteeing
🪙 Session token: According to the documentation of the project, Session will have a native utility token that will serve multiple purposes, such as acting as the main currency for in-app subscriptions, rewarding node runners, and accessing revenue-sharing programs via Staking Pool.
Recently, the Legion Launchpad listed Session on its website hinting at the upcoming Session tokensale. However, the start date of the sale remains undisclosed.
In light of the upcoming Legion sale, the CoinLaunch team completely analyzed the Session crypto project. Here are some pros and cons we found:
✅ Session pros:
❌ Session cons:
<a href="https://coinlaunch.space/projects/session-messenger/" title="Session Messenger (N/A)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/session-messenger.png" width="224" alt="Session Messenger (N/A)"></a>