SEALCOIN AG Announces Final SEALCOIN Timeline, Whitepaper Release, and Tokenomics Details
26 Septiembre 2024 - 12:00AM
SEALCOIN AG Announces Final SEALCOIN
Timeline, Whitepaper Release, and Tokenomics Details
Geneva, Switzerland – September 26, 2024: WISeKey International
Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ:
WKEY), a leading global cybersecurity and IoT company operating as
a holding company, today announced that its subsidiary Sealcoin AG,
which focuses on decentralized physical internet with DePIN
technology and house the development of the SEALCOIN platform, is
announcing the final timeline for the SEALCOIN project, including
the highly anticipated release of its whitepaper in October 2024.
The whitepaper will unveil the strategic vision, technical roadmap,
and comprehensive tokenomics of SEALCOIN, marking a major milestone
in the platform’s development.
Key Milestones and Timeline:
- Proof of Concept (PoC): Successfully executed
on July 25, 2024, demonstrating the platform’s ability to
facilitate secure, autonomous IoT transactions.
- Pre-Seed Investment: Raised $2 million in
mid-2024, positioning SEALCOIN for accelerated growth and
development.
- FINMA Application: SEALCOIN AG is about to
submit its application to the Swiss financial regulator FINMA,
ensuring full regulatory compliance as the project advances.
- Platform Development: Officially launched in
Q3 2024, the SEALCOIN platform’s development is underway,
leveraging Hedera Hashgraph technology for enhanced scalability and
security.
- Platform Production Release and Token
Issuance: The SEALCOIN platform will go live, and the
token will be officially issued, expected in mid-2025.
- Token Listing: SEALCOIN is targeting a digital
exchange listing by Q3 2025, to provide liquidity and accessibility
for token holders worldwide.
Whitepaper Release in October 2024
The SEALCOIN whitepaper, set to be released in October 2024,
will provide an in-depth look at the platform’s technical
architecture, governance model, and tokenomics. The document will
outline SEALCOIN’s approach to enabling secure, decentralized, and
autonomous transactions between IoT devices, powered by Hedera
Hashgraph. Detailed tokenomics will include the allocation and
distribution structure, vesting schedules, and SEALCOIN’s role as
both a utility and payment token within the platform.
The SEALCOIN Platform and Token Beta Version will be released as
an MVP (Minimum Viable Product) on Hedera’s TestNet in Q1 2025.
This milestone will allow users and developers to test SEALCOIN’s
core functionalities in a controlled environment, showcasing the
platform’s decentralized transaction capabilities between IoT
devices and ensuring the smooth operation of the SEALCOIN token
within the ecosystem before the full production release, set in
Summer 2025.
Carlos Moreira, CEO of SEALCOIN AG, commented, “With our PoC
successfully completed and development in full swing, we are
excited to share our roadmap and vision for the future of IoT
transactions. The upcoming whitepaper will provide the community
with full transparency on our tokenomics and the strategic steps
we’re taking to achieve full decentralization.”
About SEALCOIN
SEALCOIN is a decentralized platform designed to facilitate
secure, autonomous transactions between IoT devices. Built on
Hedera Hashgraph, SEALCOIN allows devices to engage in seamless
service-for-payment exchanges without the need for intermediaries.
With a focus on privacy, scalability, and decentralized governance,
SEALCOIN is poised to revolutionize the Internet of Things (IoT)
landscape.
About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq:
WKEY) is a Swiss-based computer infrastructure company specializing
in cybersecurity, digital identity, blockchain, Internet of Things
(IoT) solutions, and post-quantum semiconductors. As a computer
infrastructure company, WISeKey provides secure platforms for data
and device management across industries like finance, healthcare,
and government. It leverages its Public Key Infrastructure (PKI) to
ensure encrypted communications and authentication, while also
focusing on next-generation security through post-quantum
cryptography.
WISeKey's work with post-quantum semiconductors is aimed at
future-proofing its security solutions against the threats posed by
quantum computing. These advanced semiconductors support encryption
that can withstand the computational power of quantum computers,
ensuring the long-term security of connected devices and critical
infrastructure. Combined with its expertise in blockchain and IoT,
WISeKey's post-quantum technologies provide a robust foundation for
secure digital ecosystems at the hardware, software, and network
levels.
WISeKey operates as a holding company through
several operational subsidiaries, each dedicated to specific
aspects of its technology portfolio. The subsidiaries include (i)
SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI,
and post-quantum technology products, (ii) WISeKey SA which
specializes in RoT and PKI solutions for secure authentication and
identification in IoT, Blockchain, and AI, (iii) WISeSat AG which
focuses on space technology for secure satellite communication,
specifically for IoT applications, (iv) WISe.ART Corp which focuses
on trusted blockchain NFTs and operates the WISe.ART marketplace
for secure NFT transactions, and (v) SEALCOIN AG which focuses on
decentralized physical internet with DePIN technology and house the
development of the SEALCOIN platform.
DisclaimerThis communication
expressly or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties
and other factors, which could cause the actual results, financial
condition, performance or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd is
providing this communication as of this date and does not undertake
to update any forward-looking statements contained herein as a
result of new information, future events or otherwise.
This press release does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities, and
it does not constitute an offering prospectus within the meaning of
the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor
legislation or advertising within the meaning of the FinSA.
Investors must rely on their own evaluation of WISeKey and its
securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
Press and Investor Contacts
WISeKey International Holding Ltd Company
Contact: Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey Investor Relations (US) The Equity
Group Inc.Lena CatiTel: +1 212 836-9611 / lcati@equityny.comKatie
MurphyTel: +1 212 836-9612 / kmurphy@equityny.com |
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