SeaCoast Will Host COAST Token Sale on October 25th

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[PRESS RELEASE – Madrid, Spain, 25th Octo­ber 2022]

Sea­Coast, the mar­itime start­up using web3 tech­nol­o­gy to pio­neer new ways of explor­ing the world’s water­ways, has announced its pub­lic token sale. The event will com­mence on Octo­ber 25, giv­ing mem­bers of the pub­lic their first oppor­tu­ni­ty to pur­chase $COAST tokens.

The $COAST token will sit at the heart of the nau­ti­cal ecosys­tem Sea­Coast is devel­op­ing, cen­tered around curat­ed data of water­ways and inlets. This will enable explor­ers to access rich and up-to-date infor­ma­tion that enhances their inter­ac­tions with local touchpoints.

Sea­Coast has devel­oped a trio of appli­ca­tions to sup­port this goal in the form of Shore­View, PortView, and Paper­Boat. Togeth­er, the apps unlock new ways of inter­act­ing with coastal resources while reward­ing human cura­tors for the knowl­edge they share.

Shore­View is a vir­tu­al assis­tant that facil­i­tates coastal nav­i­ga­tion through aug­ment­ed real­i­ty and shows the user in real time both what they see and what is invis­i­ble to the naked eye. PortView facil­i­tates moor­ing boats using aug­ment­ed real­i­ty and audio assis­tance. It is the mar­itime equiv­a­lent to Google Maps’ “how to get there” func­tion since 70% of acci­dents with rent­ed boats occur at the point of moor­ing. Paper­Boat is a moor­ing reser­va­tion man­ag­er that serves as the Booking.com of sailing.

“We do not think of tokens as a pos­si­bil­i­ty to cap­ture resources, but as a way from which we can pro­mote some ser­vices and boost the recur­rence of users on the plat­form,” says Jose Manuel Arnaiz, CEO of the com­pa­ny and founder of Jaz­z­tel, Digi­Mo­bil and a dozen of oth­er companies.

As a mat­ter of fact, the $COAST token rewards users who share the infor­ma­tion they acquire when nav­i­gat­ing or dis­cov­er­ing places along the coast. Tokens are earned by shar­ing geo-ref­er­enced ele­ments that can then appear on aug­ment­ed real­i­ty maps for oth­er users. The more infor­ma­tion about coastal areas that is shared on the plat­form, the more users will earn as tokens and will lev­el up to obtain var­i­ous rewards. These can range from pri­or­i­ty access to mari­nas or buoys to dis­counts at local venues and invi­ta­tions to events.

About SeaCoast

Sea­Coast is har­ness­ing web3 tech­nolo­gies, includ­ing tok­eniza­tion and blockchain, to rev­o­lu­tion­ize the way peo­ple inter­act with the world’s coast­lines. From sailors to ram­blers, any­one who inter­acts with the world’s water­ways, includ­ing canals, coast­lines, and har­bors, can con­tribute to SeaCoast’s tri­fec­ta of apps and earn rewards for the valu­able data they sup­ply. The $COAST token aligns incen­tives between par­tic­i­pants and accel­er­ates the aug­ment­ed real­i­ty future that Sea­Coast is building.

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