# Pre-Funding - MVP

**Initial Development of MVP (Minimum Viable Product)**

The first quarter of development will focus on the creation of the MVP. The BlockChat team will focus on creating a working prototype of the platform. The initial version of the platform will have the basic features of a messaging app, including text chat and file sharing capabilities. The team will work to ensure that the platform is user-friendly and easy to navigate.

The team will also begin to work on the smart contract that will power the BlockChat token. This will involve creating the token's tokenomics, including the initial supply and distribution of the tokens. The team will also work on the creation of the BlockChat wallet, which will allow users to store and manage their tokens.

Additionally, the team will work on the legal aspects of the platform, including obtaining any necessary licenses or permits, and ensuring that the platform is compliant with relevant regulations.

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