Geneva, Switzerland, May 09, 2018 –(PR.com)– SonoCoin is pleased to announce that Prask Sutton has officially been appointed as a non-executive advisor to the SonoCoin team. Prask’s considerable experience and expertise in data-over-audio and business development will allow him to advise and support regarding the commercialization of SonoCoin’s audible cryptocurrency, with particular respect to the advertising industry.
With over two decades of experience in the advertising industry working within the field of interaction design and non-visual communications, Prask is no stranger to audio-based technologies. A serial entrepreneur and veteran of the tech startup and scaleup scene, he is also well placed to help the SonoCoin team exploit the commercial aspects of their blockchain enabled business.
SonoCoin’s Founder, Leonid Afanasyev, commented:
“Prask’s vision, commercial expertise, technical knowhow and extensive professional network will greatly benefit the SonoCoin ecosystem. I’m excited to have him onboard and look forward to the positive impact he’ll no doubt have on our future development.”
SonoCoin is a digitally encrypted audio file that operates on a proprietary blockchain system, using the Proof-of-Stake (PoS) protocol to verify transactions. The SonoCoin audio file is a sound interpretation of a code that can be recognized and recorded by any device that reproduces sound. The SonoCoin solution is similar to Bitcoin’s peer-to-peer value transfer, with an improved and more user-friendly platform similar to PayPal. To reduce the cost for end-users, the service has been streamlined to a less complex, lighter protocol. Operations and interfaces use a light version of the blockchain network, allowing for a decentralized operation with faster transactions. The framework also provides transaction flexibility across various popular peer-to-peer messaging platforms, social networks, and email.
Cautionary Note Regarding Forward-Looking Statements
The statements made in this press release may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of SonoCoin. The words "will," "may," "anticipate," "intend," "plan" and similar words and expressions are used to identify forward-looking information. The actual results of the specific items described in this release, and the Company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of SonoCoin's team as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, SonoCoin's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of SonoCoin. SonoCoin disclaims any obligation to update information contained in any forward-looking statement unless required by applicable securities laws.
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