|Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.|
|Start||June 1, 2019|
|End||September 30, 2019|
ICO description, Technical Details and Documents
The crypto market is once again exploding, and Bitcoin (BTC) is already well beyond halfway towards its former all-time high (ATH). However, the current development goes well beyond that. Numerous major companies are approaching crypto, whether by adding support for crypto payments, or by developing their own coins and tokens.
In other words, the crypto space is making massive leaps towards mass adoption. As a direct result, more and more people are accessing the crypto market, which is constantly getting bigger, receiving new use cases, and more popularity.
Meanwhile, the crypto space is also advancing in terms of security. More often than not, security is being improved due to a harsh lesson. Hacks are still quite common in the space, but so are scams and alike. With that in mind, it is more important than ever to have a secure wallet, and approach DEXes, rather than centralized exchanges. On DEXes, all of your funds remain in your possession, which really means that having a secure wallet is the top priority. Because of that, numerous new wallets are emerging, with upgraded security features and support for countless tokens. Spatium is one great example which is also developing its own token.
Spatium is a project that has developed ultra-secure software and hardware wallet, with support for more than 100 different digital assets. It claims to have made a major breakthrough when it comes to signing transactions without having to store any private keys. In theory, this would make the wallet completely unhackable, which is just the type of advanced security that the crypto space desperately needs right now.
The Spatium project claims that its technology is not just theoretical. In other words, they have a working product, that was already audited by independent third parties. Further, the software wallet is available for download and can be tested from anyone. It can be found on any of the three main app stores.
The team behind the project wanted to complete the product before conducting an ICO so that investors would not have to trust in their success — they can already see it for themselves at any time. The project has also developed the so-called Spatium Protocol, which allows users' wallets to be stored on a combination of several physical devices. That way, even if a single device is compromised, the user can still access their funds from others, which is great, in terms of security.
At this time, Spatium has not released a lot of details regarding its ICO. Even the token's name has yet to be confirmed. There is also no information regarding when the ICO might take place, which areas (if any) will be restricted, or what the price per token is going to be.
There is really only a few pieces of information that are known at this time, and that includes the fact that the token will be a utility, and that it is being developed on Ethereum's network, as an ERC-20 token. It is also known that the project is registered in Singapore. Due to the fact that it is created on Ethereum's network, it is likely that it will be purchasable in exchange for ETH, although it is unknown whether this will be the only coin that the project will accept.
Nothing else is known at this time, but do keep an eye out, as a lot of new data is likely to come in following weeks.
* Crypto Rating accepts no liability for any errors in the Spatium ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
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