SEAL- Blockchain powered product authentication

WHAT IS SEAL?

Seal is the greatest way for anybody to check whether a product is genuine or fake. By providing a safer tokenized version of a physical product, Seal permits product-specific services to operate such as transferring ownership, but also brand activation campaigns and product analytics. Every time the products change owners, Seal lets brands earn money. For the first time in history, brands can earn money from items sold through the secondhand trade, while simultaneously protecting their markets from counterfeiters. Authenticity can be checked and ownership can be transferred decades from now using the power of the blockchain. This can be done even if the product itself is discontinued, as long as people contribute to the decentralized Seal network. Seal wants to allow for brands to work together with their best customers in the most direct way by bringing back confidence to consumers. This creates a better world in which consumers appreciate the creative work of makers and stop feeding the counterfeit economy.

Architecture

API-Gateway
The Seal API is the main method of interacting with the Seal Network. The gateway dispatches requests to them underlying microservices. This allows to easily change and upgrade the underlying platform while still maintaining backward compatibility with the Seal App and other API consumers.

Microservices
Microservice architecture is a flexible and efficient approach for building and operating the software. Microservices split large applications into smaller components which are independent of each other. Each microservice does one thing and does it well. This allows dividing the massive workload which goes into building, deploying and updating the Seal Network into smaller, more manageable, and more isolated components.

Blockchain
To store all transaction regarding a specific product, the Ethereum blockchain is used. These transactions include product information references, photo references, brand information, history about ownership, and supply chain information.

TOKEN SALE

Token Cap
Total of 1.2b tokens will be issued and will never go beyond that amount. No more than 492m tokens will be allocated for the token sale rounds. Discounts and bonuses depend on strategic partnerships and deal size.

Token Emission
KYC and AML are required prior to buying tokens. Buyers need to provide their details and the address that will be used to send Ether from. Tokens will be offered in the main sale if they remain unsold in the pre-sale round. Unsold offered tokens will be distributed respectively among all the token sale participants after the main sale.

TOKEN ALLOCATION

⚡️ 41% | Token sale |
A maximum of 492m tokens will be distributed during the token sale. Unsold tokens will be distributed proportionately to ALL Private Investors, Presale and Main sale Buyers.

⚡️ 13% | Team & Advisors |
To reward the team, advisors, bounties and future staff members 156m tokens will be used. This pool is also used to attract senior executives. Tokens will vest every 6 months over a period of 3 years.

⚡️ 07% | Influence |
84m tokens will be used for lobbying, influencing, and other pr. Every 6 months over a period of 3 years, tokens will vest.

⚡️ 22% | Future Operations |
264m tokens will be held by Seal. Tokens will be used for strategic relationships, business acquisitions, institutional investors, other operations, architecture, execution of master plan phase 2 & phase 3, and in case we require extra cashflow. Tokens vest every year over a period of 4 years.

⚡️ 17% | Future R&D |
204m tokens will be held by Seal. Tokens will be used for custom chip development, Inlay integration, development of a proprietary blockchain, bApp functionality, service extensions, analytics platform, other R&D, and in case we require extra cashflow. Tokens vest every year over a period of 4 years.

Please follow official Seal Network channels for more details:
Seal Network Website
Seal Network WhitePaper
Seal Network Telegram
Seal Network Announcement Channel

AUTHOR
Telegram: CPKMahawithana
BitCoinTalk: Cryptoo1

H2
H3
H4
3 columns
2 columns
1 column
Join the conversation now
Logo
Center