Sendcoin crowdfund sale has started

Sendcoin is the official crypto-currency of SendChat, a messaging application built on top of the Telegram open-source software, which “aims to use the power of blockchain technology to create a seamless experience by providing an easy and fun way for users to create, share, and earn in crypto-currency”.

The app will allow users to transfer Bitcoin and Sendcoin to other users without technical knowledge, but also to convert cryptos to fiat currencies (and vice-versa) and to get discounts at stores accepting Sendcoin.

On the technical side, Sendcoin is a Proof of Stake (POS) crypto-currency, with 1% yearly interest and 1 minute transactions. The crowdfund sale, managed by BlockTrust, will end on February 6, 2015 and, upon successful completion,  will help the developers to finish the beta version of the SendChat app, which will include the ability to message Telegram users as well as make in-app purchases.