3.2.1 Purpose & Scope

Purpose & Scope

SUM+1 is committed to enhancing trader collaboration through wallet-to-wallet communications, enabling direct and secure interactions between users. By integrating seamless peer-to-peer (P2P) messaging, SUM+1 provides traders with a trustless environment where all communications are authenticated through their verified cryptocurrency wallets.

Key Features

• Verified Wallet Interactions Users engage directly with others, with all communications tied to their verified cryptocurrency wallets, ensuring authenticity and reducing the risk of impersonation.

• Multi-Channel Communication The platform supports text, voice, and video channels, allowing traders to quickly collaborate on trades, discuss market movements, and coordinate within syndicates.

• Real-Time Messaging & Trade Execution Users can negotiate trades, share signals, and execute transactions within chats, ensuring faster trade confirmations and reducing reliance on external platforms.

• End-to-End Encryption All messages are secured using advanced encryption protocols, preventing unauthorized access and ensuring private communication between traders.

• Group & Syndicate Spaces Private team spaces allow users to strategize, share market insights, and coordinate group trading in a secure, structured environment.

Industry Context

The integration of wallet-to-wallet communication is rapidly gaining traction in the Web3 space:

• Push Protocol introduced a wallet-to-wallet video chat feature, enabling users to engage in live video conversations directly through their wallets.

• Solchat offers a communication protocol on the Solana blockchain, providing text, voice, and video calls within a fully decentralized environment.

By incorporating these communication capabilities, SUM+1 provides a seamless, real-time, and secure environment for traders to connect, collaborate, and make informed decisions—bridging the gap between social trading and blockchain technology.