ICO Review: Seal

Name of ICO: Seal

Summary of ICO: Seal authenticates products using NFC chip and blockchain technology. Products are embedded with a NFC chip which is linked to a decentralised database. Customers can use the seal mobile app to scan the product and determine whether the product is authentic or not. They can also use the Seal app and blockchain network to claim ownership of the product.

Token symbol: Seal

Total number of seal tokens: 1,200,000,000 seal tokens

Number of seal tokens for sale: 492,000,000 seal tokens

Price: 7000 seal tokens = 1 ETH

Soft cap: 36,000,000 Seal tokens

Hard cap: 492,00,0,000 Seal tokens

Seal website: https://seal.network/

Seal white paper: https://seal.network/seal-whitepaper.pdf

Seal Telegram: https://t.me/sealnetwork

Seal Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2929809.0

Seal Facebook: https://www.facebook.com/SEALnetworks

Seal Twitter: https://twitter.com/seal_network

Seal Medium: https://medium.com/sealnetwork

Team:

CEO: Bart Verschoor
COO: Joris Verschoor
VP Relations: Ilya Role
VP of Seal USA: Micheal de Blok
Business Development Manager: Yuri Scholte
Blockchain Engineer: Alexandra Moraga Pizarro
Blockchain Engineer: Adil Haritah
Marketing Strategist: Kian Ghiri

Benefits of Seal:

Determining whether a product is genuine or not can be extremely difficult. Counterfeit products can be either nearly or fully identical to the genuine product. Consumers consequently have no easy way of knowing whether they are purchasing the real product. Seal addresses this problem by making it very simple to authenticate if a product is real or not. With a single tap or scan from any smart device any product can be instantly identified.

From the manufacturers perspective the process is also very straightforward. The NFC chip can be added discretely and securely to any manufactured product during the manufacturing process. This helps brands to easily verify products which are being sold are being manufactured by them.

Brands will also be able to earn revenue from the secondary trade in a product. this is because ownership of a product is stored on the blockchain and buyers need to pay seal tokens to claim ownership.

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