Key highlights:
- SeaCoast is launching the first phase of its COAST token sale
- The COAST token is designed as a utility and loyalty token for the SeaCoast ecosystem, which provides services for (amateur) sailors
- The ShoreView app uses augmented reality to assist in navigation, while the PortView app helps users navigate in ports and moor their boats safely
SeaCoast is launching its public token sale
Spanish startup SeaCoast is set to launch the first phase of their public token sale on October 25. During this phase, the company plans to sell up to 5 million COAST tokens at a price of €0.20 each.
COAST is a utility token that provides access to services and a rewards program offered by the SeaCoast platform. The platform consists of three applications designed to make life easier for (amateur) sailors when they’re out on the sea or looking for a place to moor their boat.
- ShoreView: The ShoreView app uses AR (augmented reality) to simplify the process of navigating the coast. The AR technology allows users to visualize dangers and points of interest that are not visible with the naked eye.
- PortView: PortView also uses AR tech, but has a different focus. While ShoreView is designed for users out on the sea, PortView enables users to safely navigate ports and moor their boats. In addition to AR, PortView also uses audio prompts to help users.
- PaperBoat: The PaperBoat app connects to marinas and yacht clubs, enabling users to make mooring reservations. The app displays real-time information about mooring spots and their prices, helping users make informed decisions.
The COAST token will be issued on Polygon, an Ethereum-compatible blockchain that offers fast transactions and low fees. This will help the project address a wider market, as many users are priced out of Ethereum due to its substantial transaction fees.
COAST is a utility and loyalty token for the SeaCoast ecosystem
The SeaCoast team is planning a variety of utilities for the token. For example, users will be able to access rewards based on their COAST token holdings, monetize their mooring, pay for SeaCoast services, and so forth. Depending on how many COAST token the user holds, they will be placed into one of three levels:
- Crew member: at least 5,000 COAST
- Sailor: at least 25,000 COAST
- Captain: at least 100,000 COAST
As one would expect, users with a higher level get access to better perks. This includes enhanced rewards programs, access to events, priority mooring and buoyage and other benefits. Captain-level users will also have access to Cncierge services and VIP access to events and clubs.
The COAST token sale will be taking place across three phases, and will be concluded in July 2023. Earlier participants get a better rate for tokens—the price for 1 COAST during the first phase is €0.2, and will ramp up to €0.3 and €0.5, respectively, for the second and third phases.
