Describe ALLY in a nutshell.
Ally is focused on providing users the most secure and decentralized online communication solution. With private P2P chats, group chats, broadcast channels, ephemeral messaging, and crypto transfers, Ally offers a multitude of features to ensure users have the richest experience possible. As the first dApp built on Skrumble Network’s public blockchain, Ally is primed to be the go-to communication application for managing crypto communities, discussing sensitive political matters, and exploring a variety of fun and engaging topics.
The ALLY Ecosystem leverages the power of blockchain focusing specifically on privacy for communication and fast and secure financial transactions. Utilizing a proprietary Proof of Authority (PoA) consensus, it will offer a future independent incentivization protocol layer that can be scaled to all blockchain projects. With over 200,000 users, ALLY has become the hub for those looking to freely speak and come together.
What is the relationship between ALLY and Skrumble Network?
ALLY is the first dApp built on Skrumble Network. As a public blockchain, Skrumble Network is open for all to utilize our proprietary technology to innovate and build cutting-edge applications on top of our network.
Is the SKM team also working on ALLY or does ALLY have its own employees?
ALLY has its own employees and is a separate team.
How does the launch of ALY token complement the Skrumble Network ecosystem?
ALY token is designed to unlock various functions on ALLY and will serve as the currency within the dApp. The launch of ALY token validates our goal of bringing secure, private, and decentralized communication to a global audience and creating a robust incentivization layer that other blockchain projects can build on. Eventually, even more projects will be built ALLY, creating a more vibrant ecosystem overall.
What does the introduction of ALY token mean for holders of SKM?
To express our gratitude to holders of SKM, we plan on allocating a certain percentage of the supply of ALY tokens to community building. As a community-owned and governed project, it is really important for us to incentivize our community members to focus on the long-term of the project and health of the ecosystem.
What are the ALY token allocation percentages?
|Linear vesting period = 2 months; 50% before listing, 50% after one month of listing
|Linear vesting period = 6 months, unlock linearly after one month of listing
|Linear vesting period = 12 months, unlock linearly after one month of listing
|Linear vesting period = 12 months, unlock linearly after one month of listing
|Linear vesting period = 18 months, unlock linearly after one month of listing
|Vesting schedule = 18 months, unlock linearly after one month of listing
Describe the use case for ALY token?
ALY is a utility token that will offer benefits across the entire Ally Ecosystem. These ecosystem privileges will enable access to various features and actions including premium channels, in-chat and wallet-to-wallet crypto transfers, premium storage, premium stickers and many more.
What is the maximum supply of ALY and which standard is it based on?
ALY token has a maximum supply of 10,000,000,000 and it is based on ERC-20.
Who are the brains behind ALLY?
Jonathan Greenspoon, a graduate of the University of Michigan, has worked with a variety of cutting-edge businesses with a focus on IoT, FinTech, and HealthTech solutions. After working at Wealthsimple (over $5B AUM), a rapidly growing international platform focused on demystifying the investing process, Jonathan became drawn to blockchain’s disruptive potential and opportunity to upend many industries. As CMO of ALLY, Jonathan is focused on bringing crypto to people globally by making it easy, accessible, and functional.
How does ALLY build the connection between peer to peer?
Using a unique, derivative algorithm, ALLY builds the connection between users by utilizing information such as their public key, Device ID, log in info, etc. … to create a completely unique session ID and secret key.
How many users do you currently have?
The ALLY dApp currently has over 200,000 users worldwide and is rapidly growing.
What makes Ally unstoppable, and why can’t it be blocked by firewalls?
Leveraging Skrumble Network technology, ALLY doesn’t use a central server, thus all communication happens through a peer to peer Network. There is no IP address or URL to block. So, any device that can access the internet will be able to download the ALLY dApp.
Who are the advisors and partners of the Ally Project?
ALLY has an A list of advisors ranging from major institutions to FinTech. Our advisors are:
- Jeff Pulver - VoIP Pioneer and Co-Founder of $3B Vonage
- Richard Wang - Venture Capitalist, Partner at DFJ Dragon Fund
- Joshua Margolian - Director, Strategy and Business Development at Manulife Asset Management; early investor of AION, Jibrel, ICON and ICX
- KK Tan - Founder of Coinhenge, early investor of Ethereum and Coinberry
How secure is Ally really?
The blockchain will achieve truly decentralized file storage by utilizing an algorithm that uses unique session identification and randomized key data per user to ensure file information is encrypted. It will employ a novel patent-pending method of hybrid storage strategy. This method was created and developed by us. Using this hybrid approach, files will be encrypted using an algorithm that will be derived from the unique session ID and its seed key. Once encrypted, the individual files will be sliced into several pieces, distributed and stored on disparate servers. These files can only be reassembled with the appropriate key. Therefore, if any file server is to be compromised, the data obtained will be unintelligible, further providing secure data storage for all users.
Provide a brief technical overview of ALLY.
ALLY’s novel and proprietary incentivization layer will put users first by enabling our community’s stakeholders to participate in economic opportunities and earn token rewards as a result of their support for the network. ALLY will eventually exist as a standalone chain in order to better accommodate other projects that choose to leverage ALLY’s technology to build on top of. The ALY token makes all of this happen by implementing a mechanism into the network to encourage user activity and the scaling of future dApps on the network. Possible use cases for ALY token include a marketplace for decentralized storage on the network and many more practical applications.
What is the current progress of the project?
The ALLY ecosystem leverages the power of blockchain focusing specifically on privacy for communication and fast, secure financial transactions. Utilizing a proprietary Proof of Authority (PoA) consensus algorithm, it will offer a future independent incentivization protocol layer that can be scaled to all blockchain projects. With over 200,000 users, ALLY has become the hub for those looking to freely speak and come together.
What are some of the goals and plans for the team going forward?
Check out our roadmap to learn more about our plans:
Can you generate smart contracts in conversation on ALLY?
Currently no, but it’s on out road map, and schedule for release in 2020.
What are the key components of the ALLY Ecosystem?
There are four main components of the ALLY Ecosystem.
- ALLY Chat
- ALLY Wallet
- ALLY Bot Marketplace
- ALLY App Profile
- Incentivization layer
What does ALLY Chat consist of?
ALLY Chat is the new, decentralized and private place to foster communities and connect with people globally. Private and group messaging, secure audio and video calling, decentralized file storage, an in-app multi-currency wallet, in-chat P2P crypto transfers, content publishing, paid media, and more, ALLY Chat is the first dApp poised to bring crypto mainstream around the world.
What exactly is the ALLY Bot Marketplace?
Built directly into the ALLY Chat dApp, crypto and blockchain projects alike will have priority access to a growing userbase to advertise their community management bots as well as buy exclusive ALLY bots in a globally accessible marketplace. Utilizing the ALLY native tokens, users will have the opportunity to buy and download multiple bots and services.
How will the ALLY Wallet work?
ALLY (Chat) already has a built-in crypto wallet that can perform P2P in-chat crypto transfers as well as transactions between wallet addresses. The wallet also supports an exclusive VIP Program for ALLY users. To expand the ALLY Wallet capabilities, an external wallet accessible on any standard web browser was been developed (in Beta) to ensure more users have access to their funds from anywhere in the world.
What is the ALLY App Profile?
Verified community groups on ALLY Chat that also have a dApp of their own will have the option to enable an App Profile on their ALLY group or channel for ALLY users to easily find the latest version of other DApps whose communities they are a part of. This UI showcasing will make it easier to bring communities together and support other blockchain applications around the world.
What is the incentivization layer all about?
While being a powerful force in bringing new users and stakeholders to the network, ALLY’s incentivization layer will be instrumental in attracting new projects to the ecosystem, enabling them to scale faster and improving the overall project diversity of the network. The ALLY ecosystem delivers a unique incentivization layer that can scale to any blockchain, privacy for communication as well as fast and secure financial transactions, designed on a Proof of Authority (PoA) consensus model and offer unique decentralized storage. The future of ALLY rests on the development of a robust ecosystem where many projects choose to build on top of the incentive layer, leveraging our proprietary technology and partaking in our ecosystem’s rewards incentives.
Where will the information be stored?
Conversations will be stored using decentralized, distributed file servers in the cloud. Only users with the unique conversation key who participated in the original conversation will be permitted to access the saved information.
How will ALLY establish a real time communication on the blockchain?
The blockchain will employ the Secure Real-time Transport Protocol (SRTP), a profile of the Real-time Transport Protocol (RTP), which provides confidentiality, message authentication, and replay protection to the RTP traffic and to the control traffic for RTP, the Real-time Transport Control Protocol (RTCP).
The Secure Real-time Transport Protocol (SRTP), a profile of the Real-time Transport Protocol (RTP), which can provide confidentiality, message authentication, and replay protection to the RTP traffic and to the control traffic for RTP, RTCP (the Real-time Transport Control Protocol).
SRTP provides a framework for encryption and message authentication of RTP and RTCP streams. SRTP defines a set of cryptographic transforms, and it allows new transforms to be introduced in the future. With appropriate key management, KRTP is secure for unicast and multicast RTP applications.
Is ALLY Free?
The basic use and function of ALLY is free, however more advanced features and capabilities require that users hold ALY tokens.