SEALSQ Announces Launch Date of Revolutionary Hybrid Payment & Utility Token, SEALCOIN
April 05 2024 - 8:42AM
SEALCOIN is Poised to Transform the
Cryptocurrency Landscape Within the Decentralized Physical
Infrastructure Network (DePIN)
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ:
LAES), a company that focuses on developing and selling
Semiconductors, PKI and Post-Quantum technology hardware and
software products, announces the launch date of SEALCOIN as a
Hybrid Payment & Utility Token for its Decentralized Physical
Infrastructure Network (DePIN). SEALCOIN is designed to enable
billions of internet-connected devices to autonomously engage in
seamless data and currency exchanges. The SEALCOIN platform is
expected to launch in the fourth quarter of 2024, followed by Token
issuance and a proposed listing of SEALCOIN on a digital
exchange.
With this exciting development for the
cryptocurrency industry, SEALSQ is setting a new benchmark in the
space. SEALCOIN’s innovative approach combines the best features of
both payment and utility tokens, offering unparalleled flexibility
and utility to its users, for both physical and digital P2P
transactions' network.
Key Highlights:
- Hybrid Payment & Utility Token: SEALCOIN
is designed to serve as both a medium of exchange and a utility
token within its ecosystem, providing users with a versatile tool
for transactions and access to exclusive services.
- Machine-to-Machine (M2M) Proof of Concept
(PoC): A significant milestone is being reached with
the release of a M2M PoC enabling the disintermediation of
service providers for interconnected devices. The release is
scheduled for mid-July 2024, with a comprehensive demo planned
shortly thereafter, showcasing the innovative capabilities of
SEALCOIN in enabling Service vs Payment transactions between
machines.
- SEALCOIN Platform Launch in Q4 2024: The
launch of the SEALCOIN platform is expected to take place in
October 2024. This launch will introduce the Purchasing and
Tokenization of Certificates (MVP), marking a major step
forward in bridging a strong physical network to the secure
Digital infrastructure of Hedera’s network.
- Token Issuance & Proposed Digital Exchange
Listing: Following the launch of the SEALCOIN platform,
SEALSQ will proceed with Token Issuance and subsequently list
SEALCOIN on a digital exchange . Counting Hashgraph Association as
one of its key partners in the SEALCOIN project underpins SEALSQ’s
ambitions with this landmark project. The Company plans to secure
further partnerships amongst its Networks in a move designed
to build momentum among the web3 community and SEALCOIN’s presence
in the market.
"Our vision with SEALCOIN is to redefine the boundaries of
secured P2P transactions, in the physical and the digital
world," said Carlos Moreira, CEO of SEALSQ. "By launching
SEALCOIN, we are not just introducing another cryptocurrency; we
are setting the stage for a future where transactions and services
in the digital space are seamless, secure, and efficient. Our work
to validate a M2M PoC, upcoming platform launch, to be followed by
a strategic listing on a digital exchange, are all steps toward
realizing this vision. We are excited about the future and invite
the community to join us on this journey."
About SEALSQ
SEALSQ focuses on selling integrated solutions
based on Semiconductors, PKI and Provisioning services, while
developing Post-Quantum technology hardware and software products.
Our solutions can be used in a variety of applications, from
Multi-Factor Authentication tokens, Smart Energy, Smart Home
Appliances, and IT Network Infrastructure, to Automotive,
Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to
cryptographic methods that are secure against an attack by a
quantum computer. As quantum computers become more powerful, they
may be able to break many of the cryptographic methods that are
currently used to protect sensitive information, such as RSA and
Elliptic Curve Cryptography (ECC). PQC aims to develop new
cryptographic methods that are secure against quantum attacks.
For more information, please visit
www.sealsq.com
Forward-Looking Statements
This communication expressly or implicitly
contains certain forward-looking statements concerning SEALSQ Corp
and its businesses. Forward-looking statements include statements
regarding our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the success and
timeline of SEALCOIN's launch; the timeline for and the successful
release of the Machine-to-Machine (M2M) Proof of Concept (PoC);
SEAL’s token Issuance and Exchange Listing before the end of 2024;
SEALSQ's ability to continue beneficial transactions with material
parties, including a limited number of significant customers;
market demand and semiconductor industry conditions; and the risks
discussed in SEALSQ's filings with the SEC. Risks and uncertainties
are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp 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.
Press and Investor Contacts
SEALSQ
CorpCarlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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