Space and communications technology company located in France has recently launched a public sale of its tokenized internet-from-space service. Astrome Space Technologies SARL is aiming to revolutionize the delivery of broadband internet and capture a significant market share of the booming demand for internet connectivity especially in the emerging markets that do not have the terrestrial infrastructure, and the underserved market of maritime internet connectivity.
The company was incorporated last December 2018 as a wholly-owned subsidiary of the Indian company Astrome Technologies Pvt. Ltd. which also owns subsidiaries in Isle of Man and Delaware in the United States.
To be able to achieve this the company has developed and patented its ** millimeter wave wireless technology (MMW)** for satellite communications the will serve as the core technology of its SpaceNet, a Low Earth Orbiting (LEO) constellation of 198 Next-Gen Satellites to provide connectivity from Space.
Millimeter-wave wireless technology for satellite communication delivers 180 Gbps aggregate throughput which is 10 times more current than state-of-the-art technologies for the same infrastructure cost. The said technology has the potential to deliver bandwidth comparable to Fibre optics without much of the logistical and financial challenged required for deployment of the latter.
With SpaceNet's total network capacity of 24Tbps it would be in a unique position to cater to the ever-increasing data demand from consumers and content distribution networks such as Youtube, Netflix, Amazon Prime, Hulu, and others. Its one of a kind innovative and proven technology enables them to deliver an internet service that is distributed, transparent and ubiquitous.
To make their vision a reality the company has built a financial layer dubbed as the SpaceWave Blockchain which will have its own native token SPW Token which will play a vital role in the SpaceWave Blockchain Ecosystem and will have a Delegated Proof-of-Stake (DPoS) consensus mechanism.
The Spacewave blockchain is designed to run general-purpose smart contracts at scale, powered by provably secure protocols that are energy-efficient and incentive-compatible.
The main utility for the SPW Tokens are for** internet consumer** who will use the internet from space service, it can be purchased on the SpaceWave Marketplace which has an order book bidding based mechanism where SPW Token holders can sell their tokens to consumers.
Astrome't Token sale adheres to the guidelines set out in the new French PACTE law allowing people to pre-purchase internet capacity as tokens. The funds will be used to help develop and operate the SpaceNet constellation. The Total supply for the token sale will be 1 Billion coins and initially be based on ERC20 tokens. These tokens will then be exchanged 1:1 to SPW mainnet tokens on a later date. The token sale started last July 23rd and will end on September 23rd 2019.