Astrome Launches ICO, Gears up to Revolutionise Satellite Internet for Emerging Economies
Astrome has launched the public sale of their tokenised internet-from-space service. The company is on a mission to revolutionise the delivery of broadband internet in developing economies.
Astrome, a deep tech space start-up, is making headway towards its mission to radically transform the satellite internet with the broadband services it plans to provide. It has designed a satellite constellation that will complement terrestrial fibre and support the expansion of 4G and upcoming 5G networks. It will also meet the ever-increasing data demand from consumers and Content Distribution Networks like Netflix and Amazon. Having developed and patented its millimetre wave wireless communication technology, Astrome is now gearing up to launch SpaceNet, a Low Earth Orbit (LEO) constellation of 198 ultra-High Throughput Satellites (ultra-HTS). The company has built its financial layer using blockchain technology. Its recently launched Initial Coin Offering adheres to the guidelines set out in the new French PACTE law, allowing people to pre-purchase internet capacity as tokens.
Today, the demand for internet traffic is skyrocketing due to the dominance of video content and is expected to surge even higher with the imminent 5G wave. Astrome is uniquely positioned to cater to this voracious appetite for data, thanks to the total network capacity of 24Tbps that SpaceNet offers. This in turn, will fuel the 5G revolution with SpaceNet satellite backhaul services. These satellites will also provide high bandwidth and affordable connectivity over oceans, bringing unprecedented, shore-like services to maritime users. This would remarkably improve the current state-of-the-art maritime connectivity which is sparingly available and exorbitantly priced. The constellation will also provide Direct-to-home (DTH) internet. Users will require just a flat-box shaped integrated antenna equipment mounted on a rooftop to avail these services.
These services will be provided to emerging economies located in South-Asia, South-east Asia, Africa, Middle East, South America, Australia, and a portion of North America, including several major shipping and air routes in these regions. In order to stay at the forefront of internet revolution, Astrome has built its financial layer on the SpaceWave blockchain. The satellite constellation enables a distributed network architecture allowing for location agnostic delivery of internet services. By integrating this solution with a distributed public ledger, Astrome aims to encourage smaller players in the space and internet industry.
These SpaceWave tokens are initially based on ERC20 platform. Astrome will issue a total volume of 1 billion tokens to begin with, of which 200 million will be issued in a private sale and 400 million will be available for the public sale of tokens in the form of an Initial Coin Offering (ICO).
The private sale of the token is currently underway. This is an opportunity for purchasers to make large investments at preferential rates; those interested should contact Astrome immediately. The public sale started on July 23rd, 2019 and will close on September 23rd, 2019. These tokens can be purchased in Fiat as well as in several crypto currencies.
Once Astrome’s mainnet is launched, each ERC20 based token will be traded for one native token. After this migration, the token circulation will steadily increase to 2 billion from block rewards over a period of 15 years. These rewards will be given for mining the 120-second-blocks. Astrome has chosen to employ the Delegated Proof of Stake (DPoS) consensus mechanism to validate these transactions on the blockchain, making it more energy efficient.
Website: astrome.io https://www.astrome.co/
Twitter: @AstromeTech
Facebook: astrometech
Telegram: astrometech_group
Disclosure: This is a sponsored article
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Guest, Khareem Sudlow