Astrome, a space start-up, launched an Initial Coin Offering (ICO). Astrome’s French subsidiary created the Safe Pay Wallet (SPW) token — which tokenizes all of the data services from SpaceNet, Astrome’s upcoming satellite constellation. The tokenization will allow the company to pre-sell its internet services. Users possessing the tokens can avail its internet services in the service regions or enable other users to access the company’s internet services after the constellation is launched. Astrome’s Initial Coin Offering (ICO) is ongoing under the French jurisdiction, and the ICO adheres to the guidelines set out in the new French PACTE law.
Astrome designed SpaceNet to complement terrestrial fiber and support the expansion of 4G and upcoming 5G networks into remote and rural areas. It also aims to meet the increasing data demand from consumers and content distribution networks. Having developed and patented its millimeter wave wireless communication technology, Astrome is now gearing up to launch the Low-Earth Orbit (LEO) constellation of 198 ultra-High Throughput Satellites (ultra-HTS). The company is building its financial layer using blockchain technology.
Today, internet traffic is skyrocketing due to the dominance of video content and it is expected to surge even higher with the imminent 5G wave. SpaceNet, with its total network capacity of 24 Terabits Per Second (Tbps), is positioned to help meet the growing demand for high capacity networks. In addition to fueling the 5G revolution with quality satellite backhaul. SpaceNet will also provide affordable, shore-like services to mariners and tourists sailing on the high seas. This would be a remarkable improvement from current state-of-the-art maritime connectivity which is sparingly available and exorbitantly priced. SpaceNet will also provide Direct-to-home (DTH) internet and users can access the service with a flat, box-shaped integrated antenna equipment mounted on the rooftop.