Geneva, Switzerland; May 6, 2020 —We are pleased to inform our community that major updates to SonoCoin wallets and smart contracts are progressing on schedule. This follows a recent expansion of the Software Engineering Department in efforts to accelerate system-wide upgrades.
Vlad Mitrofanov, CTO says, “The long-anticipated updates are undergoing final review and stress-testing by our technical team. We are very eager to rollout the wallets by end of Q2 and smart contracts sometime in Q3. I believe these enhancements will amplify our commercial solutions and open the door to new verticals of development.”
About SonoCoin
SonoCoin is Swiss blockchain venture offering white-labeled data-over-sound solutions to enterprises based on its native blockchain protocol. The coin’s .WAV file format gives anyone the power to transmit value and information using simple methods of delivery such as sound (similar to Shazam), messenger, QR and Bluetooth, etc. SonoCoin’s blockchain platform is a “b-to-b-to-c” (b2b2c) model, where SonoCoin builds data-over-sound solutions for businesses upon its blockchain network. SonoCoin uses a Proof-of-Stake protocol (PoS) where members of the community owning a specified amount of coins has the possibility to join the consensus algorithm and create new blocks in return for rewards. The selection for the next creator of a block is based on various factors such as: random selection, and stake size.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of SonoCoin. The words “will”, “may”, “anticipate”, “intend”, “plan” and similar words and expressions are used to identify forward-looking information. The actual results of the specific items described in this release, and the Company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of SonoCoin’s team as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, SonoCoin’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of SonoCoin. SonoCoin disclaims any obligation to update the information contained in any forward-looking statement unless required by applicable securities laws.
