Seal Network price is $0.00012909
The current price of Seal Network (SEAL) is $ 0.00012909. The price has increased over the last 24 hours by around +5.17%. The 24-hour trading volume stands at .
Seal Network is a blockchain-based solution designed to safeguard intellectual property rights and combat counterfeit goods. By employing the blockchain and creating a unique digital token, the Seal Network seeks to authenticate products and protect consumers from counterfeit.
Seal Network was founded by Bart Verschoor and Joris Verschoor. Both are experienced in the tech industry with backgrounds in IT and business development.
Seal Network utilizes NFC (near-field communication) chips embedded within products and a mobile application for scanning these chips. Once the chip is scanned, the mobile application verifies the product's authenticity by checking Seal Network's blockchain for the corresponding NFC chip's unique ID.
The product's information, including its authenticity and ownership details can be updated on the blockchain, creating an auditable record. This encompasses the lifecycle of the product, from manufacturing to the end of product lifecycle, when a product is recycled or disposed of.
The unique selling point of Seal Network is its integration of blockchain tech and NFC chips to produce a reliable authentication and tracking mechanism for products. This aims to protect both businesses and consumers from the effects of counterfeit goods.
It also provides an additional layer of security as the blockchain's immutability ensures the authenticity of the product data, once registered, cannot be changed.
The Seal Network employs the Ethereum blockchain, benefiting from Ethereum's security and decentralized architecture.
As of today, there are 515.1M SEAL tokens in circulation. The network's maximum supply cap is 1.2B SEAL tokens.
Like other digital currencies, the value of SEAL is influenced by market supply and demand dynamics, investor sentiment, and broader crypto market trends. It's always important to remember that cryptocurrency prices can be highly volatile.
You can purchase SEAL tokens on the IDEX where Seal Network is currently listed. However, remember that cryptocurrency investments carry risk, due diligence should be exercised before making an investment decision.
It's crucial to store your SEAL tokens safely. Many people prefer to use digital wallets, which can be a hardware device or a software application. These wallets generate a pair of cryptographic keys: one public (for receiving funds) and one private (for signing transactions). Your private key should always be kept secret. It's also recommended to use wallets that have a good reputation in the community for their security measures.
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