June 21, 2018

Neuromachine crowdsale announced

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This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to TokenMarket and TokenMarket has no involvement in it (including any technical support or promotion). Token sales listed from persons that TokenMarket has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and TokenMarket is not the seller of such Tokens. TokenMarket has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein. Please refer to our website terms and conditions.

If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact compliance@tokenmarket.net with detailed information about your concerns. Please also review our Sector Risk Warnings page here before you decide whether to commit any of your assets in respect of this product or service (or any other). TokenMarket’s association with this Token project can include providing services such as white paper review, market conduct insights, marketing and technical insights, token functionality and economics, creation and distribution of token, smart contract creation, multisignature wallet, widgets for white label implementation, PR and marketing management with customer, social media and forum management with customer, feature of client in newsletter and website. Each Token project is different and the need for TokenMarket services varies – therefore sometimes all services are not provided and sometimes additional services are requested. TokenMarket receives compensation from the Token project for the provision of the services. The exact nature of the compensation varies. Depending on project and stage of the Token Sale TokenMarket receives a fixed fee and/or a percentage fee based on the volume of the sale. The average size of the total compensation is a mid to low single digit percentage. The fee paid is paid in the currency of the Token sale or in the Token itself.

Published at Mon, 18 Jun 2018 21:42:10 +0000

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December 7, 2017

Here’s How SonoCoin Is Trying To Use Sound To Transfer Value

Companies are rushing to try and make peer to peer, blockchain based value transfer quicker and simpler right now and this company thinks it’s been able to do just that.

bitcoin just broke through a major resistance level and interest in the space has never been higher. Companies of all shapes and sizes are popping up, looking to take advantage of the rush to develop and establish the blockchain-centric infrastructure that’s going to serve as the foundation for technological advance for many years to come and many of these are conducting ICOs to try and pick up funding. The ICO space, however, and likely as a direct result of the above statement, is pretty crowded right now and a company that wants to stand out and – in turn – to attract investor capital through an initial offering has to serve up something unique. Reports have just hit press that a company called SonoCoin is about to launch its efforts to do just that and, at a glance, the company looks as though it certainly checks the ‘unique offering’ box.

SonoCoin has developed a blockchain based peer-to-peer value transfer system that uses a digitally encrypted audio file as its transfer token. In contrast to bitcoin, which uses a Proof-of-Work (PoW) protocol, SonoCoin uses a Proof-of-Stake (PoS) protocol to verify transactions and, again unlike bitcoin, the exchange token can be sent via any means through which a standard data/audio file can be sent – email, messenger application, etc.

So how does it work?

The company has developed an algorithm that takes a transaction hash, a secret key and the index (which is defined as the number of outputs when the coin was formed) and converts it into a .wav file.

This file can then be sent from one device to another (basically, so long as the devices have a microphone and a speaker that can emit, recognize and interpret sound, which pretty much all mobile devices do right now) and, on receipt, an application (which is already available for some devices) specifically designed to interpret these SonoCoin sound files will record and register the transaction.

And why is this news now?

The company is currently conducting a presale of its tokens and intends to move into the second phase of this presale on December 14, at the end of next week. During phase one and phase two (phase one has been active since this time last week), a total of 30 million coins will be issued. Subsequent to the presale, 40 million coins will be issued as part of the full ICO.

How successful the ICO will be remains to be seen but the assumption is that, post-completion, SonoCoin will look to pick up a listing for its coins on the major exchanges in the space – Bittrex, Poloniex, etc. and it’s at that point that we’ll really get an idea of the market appetite for this sort of alternative-format type value transfer.

Here’s the company’s Whitepaper for anyone looking to get a better idea of how SonoCoin works.

What do you think of this sort of application of blockchain technology? Will the ability to transfer value via sound files aid mainstream adoption of algorithm-based peer-to-peer transactions? Let us know in the comments section below!

Image courtesy of Tess Watson via Flickr

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