WHAT IS SEAL
Get genuine products
Seal is a blockchain powered product authentication and services platform which will provide consumers and manufacturers with product trust.
Seal enables anyone the ability to confidently, quickly and economically verify the authenticity of any product which is Seal enabled.
The Seal proprietary technology utilizes NFC compatible Seal chips which can be effectively, securely and discretely incorporated with any physically manufactured product. Upon integration of the Seal chip, the product is paired with the digital counterpart on the blockchain. Verification of authenticity is instantaneous with a simple tap or scan with any smart device.
To create a more genuine world, out of love for creation.
Seal wants to bring back confidence to consumers and allow for brands to interact with their most heavily vested customers in the most direct way the internet has ever seen. Together, we build a better world in which consumers appreciate the creative work of makers and stop feeding the counterfeit economy.
- scope of the problem
- Loss of faith
People are losing faith in products because of counterfeiting. Low quality and dangerous products are being sold as genuine, disregarding the wellbeing and safety of others. Brands get a bad reputation because of counterfeited products and people are unable to sell their items on the secondary market. It gets more and more difficult for people to recognize counterfeits from the outside, but the quality of the products never lies.
$2.8 trillion worth of goods are being counterfeited every year. One out of five products made in China is a counterfeit. Not only clothes, shoes and bags are being counterfeited, but also airbags, airplane parts and medicine are being counterfeited. This is a huge problem for businesses, politics and people internationally.
out of love for creation
The world is full of creators: designers, scientist, programmers and makers. They dedicate their lives to bring us the best. Humbled by years of failure, driven by a dream they can’t let go, powered by force of will until one day it turns into brilliance.
It is the brand that seals it all, that connects us to the creators, captures the birth of culture, and fulfills us with originality, inspiration and quality.
But it’s an effort often overlooked trampled by an overload of fake and soulless products, making it seem normal to expect empty mediocrity in return. Now, let’s celebrate true creation, pay tributes to dedication, and enrich our lives with worthwhile brands.
Buy with confidence
Be sure you get the product you expect. Recognize genuine products from fakes.
Make the world a safer and better place. Fight against the financial support of cartels and dangerous products.
Increase product value by adding supply-chain information and providing trust in the secondary market.
How does it work?
The Seal platform consists of several components, namely (i) products with an embedded Seal-chip that uniquely identify physical products (ii) the Seal-app installed on an NFC-compatible smartphone, (iii) the Seal-token which allows communication between the different parts of the platform and (iv) the Seal-network, an immutable blockchain database where each transaction is recorded and validated by its nodes.
Brands are the sole issuer of product-pairings on the blockchain. This way, brands can ensure exactly how many authentic copies are released. Disingenuous manufacturers are no longer able to produce imitations that can be passed off as authentic, because they cannot replicate the token.
A maximum of 1.2b tokens will be minted and will never exceed this amount. No more than 492m tokens will be allocated for the token sale rounds. Discounts and bonuses depend on strategic partnerships and deal size.
KYC and AML is required prior to buying tokens. Buyers need to provide their details and the address that will be used to send Ether from. If tokens in the presale round remain unsold, they will be offered in the mainsale. Offered tokens that remain unsold after the main sale will be distributed proportionately to ALL token sale participants.
Example: a Buyer purchases 3.69m Seal tokens during mainsale, 123m (25%) of tokens remain unsold. Buyer receives 1.23m [ (3.69 / (492-123)) x 123 ] additional tokens for a total of 4.92m tokens.
• Actual prices will be in Ether and will be available on the website, along with the bonus structure
• Prices will be in Ether instead of dollars to reduce exposure to ETH-USD volatility.
We plan to allocate the tokens as shown in the following table.
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 Mainsale Buyers.
13% Team & Advisors
156m tokens will be used for rewards to the team, advisors, bounties and future staff members. This pool is also used to attract senior executives. Tokens will vest every 6 months over a period of 3 years.
7% Influence 84m tokens will be used for lobbying, influencing, and other pr. Tokens will vest every 6 months over a period of 3 years
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 future R&D such as 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.
USE OF PROCEEDS
We plan to use the funds generated in the token sale as follows:
The following projections indicate the intended scope of the work and scale of the organization per milestone. This is subject to change depending on internal and environmental factors. Our go to market strategy is to target boutique designers, art and limited edition products. After the model and demand has been proven we can scale the business and target a broader range of products.
Soft hat is achieved
Seals will use existing chips and develop operations organically. Target prospects will only include small brands, boutique designers and collective art.
Milestone 1 is reached
Build company scale, develop sales channels in EU & US, and target recognizable brands. Integrate chips with various inlays to support various use cases.
Milestone 2 is reached
Marketing impulse to generate entry interest from major brands. Partner programs & certification models for value-added retailers (eg independent brand protection consultants, brand agents) are created.
Expansion of service portfolio.
The hard cap reaches Build blockchain itself and migrates from the Ethereum ledger. Open offices in South Korea & Japan.
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The bitcointalk name: Aray80