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Meet Mingo – A multi-platform messenger and wallet

Imagine having one app that lets you chat with all of your contacts from all of your various messenger accounts, such as Facebook and WhatsApp, while allowing you to send your mates crypto coins. That’s exactly what Mingo is aiming, with an addition of an educational aspect.

Mingo has already developed its messaging platform and the project’s future plan is that the platform will also carry a crypto wallet and will have its own token. The wallet will include a “Tutor”, which will gradually teach newcomers how to use cryptocurrencies and how to successfully complete a transaction. The users will receive rewards in the form of MingoCoin and badges for following the Tutor and completing tasks.

On September 25th, Mingo will launch their token pre-sale, with the goal of raising 2 million Euros. The purpose of this pre-sale is to be prepared for their upcoming ICO on Q1 2018.

The Project

The project’s whitepaper reveals three parts for the product: Mingo Messenger, Mingo Wallet, and Mingo Coin.


MingoMessenger: The messenger is an already working app that allows users to see all of their messages from various messaging platforms. The app currently supports messages from Facebook, Slack, Discord, Steam, IRCCloud, Skype (in beta), Telegram (in beta) and Twitter.
A portion of Mingo’s presale and ICO funds will be dedicated to adding support for Blizzard Chat, Google Hangouts, Instagram, Kik, Line, LinkedIn, Origin Chat, Renren, WeChat, and… WhatsApp. The system works by merging contacts from various accounts into one chat screen per contact, as seen on the screen below:


Mingo Wallet: The wallet will be focusing on gradually educating its users on how to properly use cryptocurrencies. Upon progress, after learning the fundamentals, more advanced features will be enabled for the user. Performing various operations, such as connecting your messaging accounts and sharing the app with them, will reward the user with MingoCoin tokens. Users will also earn badges for their achievements.
The wallet’s tutor will be focused on gamification, in order to quickly pull back the user to engage with the app and wallet. This will be executed by showing reminders in the form of notifications, in-app messages and virtual helpers that trigger the user to take a specific action or initiate the desired routine. Mingo’s solution will allow beginners which never used any wallet or any cryptocurrency, to get their first footstep into this world, in an education-oriented environment.
The team at Mingo sees the need to create a cross-currency supporting environment. One of their core principles is to make transacting in cryptocurrencies as simple as sending a text message. For this reason, the team is planning on integrating the Interledger Protocol (ILP), a protocol which allows transferring currencies from one ledger to another. For off-chain optimizations, Mingo will connect to Plasma (ETH), Raiden (ETH), and Lightning (Bitcoin) networks. Mingo’s wallet will be potentially suitable for retail use (Point of Sale transactions), as it aims to support speedy transactions at a decreased cost.
As today’s messengers standards are high (users are expecting to have emojis, video support etc..), we have asked Ken Anderson, Mingo’s CTO, to elaborate on their roadmap when it comes to implementing those advanced features: “We’ve already built many of those functions (emojis, gifs, general attachments) in an earlier server-side version of the app, but we pivoted to a client-side version and are still building those functions back in. Our team also comes from the telecom space and has built VoIP/WebRTC services before. We plan to add those features and maybe add some twists that Kik & Toshi may struggle with.”

Mingo Coin: MingoCoin is Mingo’s core unit of value. The team’s strategy is to increase the coin’s value by utilizing its partnership with Xunison, an international company that provides home automation and streaming solutions. Xunison will install Mingo on approximately 100,000 devices each month, this will help Mingo reach a minimum of 1.2 million users within their first year (a massive amount comparing to total cryptocurrency users). In addition, Mingo will encourage Xunison’s subscribers to pay their subscription fee through Mingo’s platform. Xunison will also incorporate MingoCoin with its online market, allowing over 2500 vendors to accept payment through their platform.
An additional partner of Mingo, is CYFX, a company which provides money transfers and foreign exchange services in a cheaper way than most of the market. The partnership between both parties will lead to the inclusion of MingoCoin and MingoWallet as part of CYFX’s offering. In addition, both parties are jointly exploring the option of issuing a card to serve MingoCoin users.

Token Role

Every cryptocurrency needs to have a reason for its value, the same rule applies for MingoCoin. “The utility of MingoCoin is the behavior of its users. Because of the achievement mechanism, users will begin to respond to MingoCoin rewards.”, Anderson says, “That translates very well to advertising. Also, we have one small traditional exchange that wants to trade MingoCoin against fiat currency and potentially commodities & metals (gold, silver, etc). So it will have commodities backed exchange value. We’re also working to get it on major crypto exchanges that will allow the coin to be traded against other cryptocurrencies. There is a lot to unwind in that question,
and that is all aside from the fact that people will just use MingoCoin to pay for services of merchants we integrate with. So there will be a merchant-level market value. and plenty of those merchants aren’t interested in BTC or ETH”


By inspecting Mingo’s website, it is noticeable that the team behind the project consists of members with experience in the crypto space and other relevant fields. Amongst the advisory board is Ryan O’Donovan, who is acting as the CEO of Xunison (Mingo’s strategic partner), James Roy Poulter, the CEO of Blockchain Reserve and Stephen Taylor, a senior service manager at Microsoft.
The company is based in Ireland, they have won the “Enterprise Ireland Competitive Fund”, a fact that can always provide positive indicators on any new venture.


As mentioned before, MingoMessenger is already an available product, it was launched in April 2017. According to the company’s roadmap, MingoWallet’s beta version will be released during Q1 2018, together with the public token sale. On Q3 2018, the company plans to officially launch MingoWallet and some strategic partner programs.

The Market

The market of chatting and instant messaging is probably the biggest when it comes to technology and internet usage, it is one of the most fundamental use-cases for the average user nowadays. On May 2014, Mark Zuckerberg said that “Messaging is one of the few things people do more than social networking.”

Major Competitors

Kik – Founded in 2009, Kik’s agenda back then was to enable chat between BlackBerry, Android and iOS users. Today, there are 300 million registered Kik users and their main focus is on teenagers.
Kin is Kik’s answer to the latest cryptocurrency wave, it is the name of their token which is currently running an ICO. Kik aims to create a new ecosystem which is combined with the messaging app.
“Kik is actually complementary to what we are doing. They are a single channel of communication.”, Anderson continues, “Mingo allows users to link multiple channels to one feed. There may even be an opportunity to incorporate Kik into Mingo at some point in the future. We’re already evaluating all of the major messaging channels in addition to the big ones we already have.”

Toshi is a browser for the Ethereum network which gives access to financial services by allowing users to perform instant global payments, browse third-party financial services and send encrypted messages.

Anderson added that “Kin & Toshi are probably our two biggest competitors, but both are limited to a single channel and don’t focus on the on-boarding and educating of new crypto users. At the same time, both have a headstart on crypto transactions. I see Line and WeChat joining the race pretty quickly which will make it harder for Kin & Toshi to keep traction. Mingo still may sit on top of all of them (Over-the-top -OTT- as we say in telecom).”

Trillian has released their first product in July 2000, and since then they are presenting various solutions for multi-channel instant messaging, both for home users and businesses. Though not involved in the crypto space as of yet, Trillian is a strong player in the instant messaging market with vast experience.
Twilio – provides multi-channel messaging API, currently aimed for businesses, but possessing a strong relevant technology.
There are more competitors in the multi-platform messaging solutions market, each one provides support for different channels while running on different operating systems.

The Future of Mingo

Anderson described to us his vision six years from now: “Messaging will make a bit of a shift, but I don’t think it will change dramatically in the next 6 years. Video may become more common, AR/VR/3D will pick up steam, but where I do see the real value of messaging shifting is in financial transactions. Transfering money will get easier and more widespread. That is why we’re in the crypto + messaging + learning space. Mingo is in a good spot to help people make that transition into crypto. In 6 years the plan is for Mingo to be THE learning platform for the rest of the world to get involved in crypto.”

Pros and Cons of Mingo


1. Mingo aims to teach the masses how to use cryptocurrencies.
There’s no doubt that one of the main obstacles which repel people from using cryptos, is the technical aspect. People are afraid of hackers, mistakes and generally, do not understand how this whole business works. Mingo’s strongest advantage is the educational aspect.
2. Strategic partnerships with Xunison and CYFX can provide Mingo with a “logistic and operational” advantage and large audience exposure.
3. The team behind Mingo is comprised of experienced talents and an advisory board with an understanding of many related fields.


1. Serious competition – described above, mostly from Kik-Kin and Toshi.
2. The potential risk of having weak token usability, as of the fact that currently, many cryptocurrencies are competing on creating intrinsic value as a currency rather than an asset or a “stock”.

In Conclusion

Mingo is creating a product that aims to lure the mainstream masses by giving a great solution for messaging with contacts from all various channels and accounts in one place. Their vision includes integrating the wallet into their messenger, thus creating a simpler and more intuitive way to send money to contacts (instead of addresses). The company aims to increase demand, gain exposure and provide liquidity by utilizing strong partnerships, starting with Xunison for exposure and CYFX for operational and trading solutions.
The quality of their messaging solution and the level of effective user engagement will affect greatly on the project’s success.

Pre-sale numbers and technical data

Pre-sale date: Sep 25, 2017.
Goal: €2,000,000, Hard Cap: €8,000,000
Token Value: 1 ETH = 5,000 MGT (undiscounted price). Pre-sale contributors will enjoy a discount which will decay over time.

Public ICO Date: Q1, 2018.

Total Supply: The total supply of MingoCoin will be determined upon the completion of the ICO. The total amount of funds raised during the pre-sale and ICO will constitute a 70% of the total coin supply.

Infrastructure: MingoCoin will be an ERC20 compliant token which will work on the Ethereum blockchain.


MingoMessenger App is available on Google Play and App Store


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Author: Currency

Updated: October 7, 2017 — 7:12 pm

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