Simplex is also going down the crypto drain, they're starting their own coin.
We do not plan any coins.
We plain a private payment mechanism for the servers that will utilize blockchain for valid reasons - we call it Community Vouchers. But they are not coins, they are service credits that cannot be created out of nothing (as coins) and cannot be sold - they can only be used to pay for the servers.
It's covered here: https://simplex.chat/vouchers
Whitepaper on that design will be published in early 2026.
Disclaimer: I designed SimpleX network
I understand that servers need to be paid for but that's why I run my own matrix server. So I pay for that and for the users on it. Much nicer than having to trust another party to run them.
You're literally requiring people to buy specific cryptocurrencies to buy your community vouchers.
Not exactly making their own "coin", but definitely involved with cryptocurrency, and if I understand correctly, the vouchers themselves involve blockchain.