SonoCoin Reschedules The Launch Of Their ICO In Order To Shore Up Regulatory Compliance And Buyer Security

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SonoCoin, a new blockchain technology company, will be partnering with a cryptocurrency-focused law firm based in Switzerland

SonoCoin

The decision to postpone the ICO does not mean that interested parties will not have an opportunity to invest in SonoCoin now. The platform will be extending its pre-sale in the intervening time.

After the initial pre-sale of the Sono coins, SonoCoin has been focused in pursuing its business development activities by building solid commercial relationships. Targeting the Media, Advertisement, Gaming & Entertainment industries, SonoCoin is in talks with market players in order to define the ideal application of the audible coin. The Sono team believes the ongoing commercial activities require additional focus and time in order to crystalize.

In a fast evolving crypto-environment, SonoCoin’s team has been recently focused in fine tuning the optimal ICO structure from a Swiss regulatory standpoint. SonoCoin is in talks with a prestigious law firm active in the crypto-world and having advised a large number of cryptocurrency companies. In order to optimize in the entire ICO process as well as to provide future ICO participants with a solid participation platform, SonoCoin believes there is more to be done. Therefore, SonoCoin has decided to postpone its Initial Coin Offering until beginning of Q2 2018. The exact date will be announced shortly. In the meantime, the current Pre-Sale II will remain open until the ICO date.

In parallel to optimizing the ICO structure, SonoCoin has spent considerable amount of time developing local academic and governmental partnerships in Switzerland, in order to foster the establishment of the Sono ecosystem. Currently in discussions with representatives of the research labs in high-technology and blockchain as well as with the government economic team, SonoCoin is set to benefit from precious support. The opportunity to tap in to the talent pool of local academia while being supported by the Swiss authorities, has the potential to boost SonoCoin’s ecosystem to another level.

The software development team at SonoCoin has been constantly improving the SonoCoin technology infrastructure by providing new exciting updates, enhancing the client interface, improving the functionalities and operability of the platform and increasing the scalability of the technology. All the new features are believed to increase the user experience and make the SonoCoin platform more appealing for the community.

The current efforts and work done will provide the project with the right fundamental basis and framework to develop a successful application of the Sono cryptocurrency. While we are constantly working around the clock to perfection the SonoCoin solution, we invite the community to participate in this process by giving us your feedback on the SonoCoin experience you might have had, as well as recommendations on how we apply the SonoCoin to the current payment applications.

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Mike Templeman
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