Seal ICO

blackhazerf (25)in #seal • 6 years ago

What is Seal?

Seal is the best way for anyone to check if a product is genuine or fake. Seal combines NFC chips, which are embedded into physical products, the Seal app, and the Seal Network to provide a fast, simple, and secure way to provide products authenticity and other services. By facilitating a secure tokenized version of a physical product, Seal allows product-specific services to operate such as transferring ownership, theft prevention, insurance, but also brand activation campaigns and product analytics. Seal lets brands earn money every time their products change owners. For the first time in history, brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters. Using the power of the blockchain, authenticity can be checked and ownership can be transferred decades from now, even if the product itself is discontinued, as long as people contribute to the decentralized Seal network.

How it works

In simple words, the entire process of scanning the goods is instantaneous. Simply to open a custom app and bring the phone to the chip on the product, the required information will appear on your device. Brands may charge a small additional fee, depending on the additional products and services and functions provided by the chip. This will be very helpful in the fight against impure entrepreneurs, who produce fake copies of famous brands and damage their reputation.Consumers will also remain satisfied, as it is guaranteed to receive the tangible product of a loved brand. In the secondary market, the sale of branded products will not complicate the traders. You will benefit from fraud in the form of confirmation of the authenticity of your merchandise. Thus, brands can still sell their products in the secondary market, where sellers themselves will also be satisfied.Seal token holders receive additional benefits in the sense that they can pay for goods with their tokens, and at great discounts. This is how the app looks on the phone, in no time you can test it yourself.

The idea of the network

SEAL network goals to disrupt a counterfeiting field that is worth about one Trillion USD, by joining NFC chips and modern block-chain tech. I think this is an enormous use case for modern block chain tech that could help hugely decrease the wide amount of fake products that presently exist.

SEAL Token Metrics

The hard-cap is decent considering the value of the fake sector, the bonus is not that much, so it's unlikely to dump after listing on crypto exchange and what we I like the most is that the group has SEAL token locked for the first year and after that, steadily vested over a term of three years. This states that they're here for the long run and truly wish to make the idea succeed.

The utility of the token

The SEAL token is mainly applied to identify the verification of a product and to transfer and register the ownership of it by using advanced block-chain. This could also help stopping theft, tracking parallel deals on the second-hand market or creating specific item analysis. An extremely vital thing to think is that SEAL network will regularly decrease five percent of the charges. It receives from companies, which is extremely likely to boost the token value.

The Seal Token Sale

Companies and users can spend SEAL tokens on service on the SEAL platform. There'll be a total of 1.2 B SEAL tokens minted, and the total supply of the SEAL tokens will never exceed this value. No more than 492 M SEAL tokens will be allocated for the SEAL token sale. Every SEAL token is set at a cost of 0.056 USD during the token sale pre-sale, and 0.80 USD during the main sale. Of the total supply of SEAL tokens, 40 percent allocated to the token sale, 13 percent to the team and consultants, 7 percent for influencing and lobbying 22 percent for future operations and 17 percent for future R & D.

Competition

There's a lot of oppositions in this field, with the likes of Walton, Wabi, VeChain, Origin Trail, but they manage in diff areas/niches, so I see many of potential for SEAL network to take over a huge part of the market share, particularly in US and EU. They've many benefits over its opposition, but the major one is the usage of NFC chips in its place of RFID, which are way more safe and sound against hacks and also have a long run life pan cycle.

The Team

The team has some very encouraging advisers and team members. You can read more about the team on there website here. Seal Network team link. The two main team memebers are brothers Bart and Joris.

They have two advisers who work at or were involved with NXP semi conductors which shows how close their relationship is with the company they source their chips from. I have asked many questions on their telegram and they have a stand out team member Michael De Blok who really goes out of his way to answer questions. If he doesn’t know the answer he gets back to you. I have vetted the team to a high standard and I can find no issues or question marks. They have turned up at several blockchain conferences and many people I know have met them in person and talked to them and had good things to say.

Roadmap