Geneva, Switzerland; New York, USA, March 9, 2021 — SonoCoin is rolling-out 1-click tokenization planned to go live Q2 2021. The token launchpad will be featured in the SonoWallet app.
The tokenization industry is growing rapidly but leaders in the space continue to suffer from limited throughput. Creating an ERC-20 on Ethereum is relatively straightforward — but your token’s transaction speeds will be constantly weighed down by heavy demand from the gigantic DeFi network. To make matters worse, transaction costs have shot-through-the-roof starting from $10 reaching upwards to $1,000 for complex logic. By default, these inefficiencies have led to the exodus of many small projects — communities we believe our launchpad is likely to attract.
Since the release of SonoCoin 2.0 in August 2020, smart contracts have made it possible to create tokens of any level of complexity in our developer tool kit. We look to go one-step further in opening our doors to low-cost, effortless solutions for non-technical individuals. The SonoWallet is already live and provides support not only for coins but also for tokens based on corresponding blockchains. We hope to lower the barriers of entry for small communities seeking ways to tokenize their relationships, brands, and loyalty programs. In addition, our team is open to help onboard schools and universities in providing access to tool students interested in experimenting with virtual economies for educational purposes. It is impossible to foresee all future use-cases for audible tokens, but believe our 1-click launchpad will help bridge the gap for many creative minds in the industry. — SonoCoin is rolling-out 1-click tokenization planned to go live Q2 2021. The token launchpad will be featured in the SonoWallet app.
“We see huge upside potential in tokenizing real-world assets. Soon, anyone seeking to launch their own audible token will be able to do so with our 1-click token builder. Democratizing access to our ecosystem is critical for encouraging creativity and innovation within our community”, said Leon Afanasyev, Founder & CEO of SonoCoin.
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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.