Augmate Introduces MATE Token to Power IoT Security and Interoperability
Launches Crowdsale on SAFTLaunch.com
NEW YORK CITY - December 15, 2017 (Investorideas.com Newswire) Internet of Things device management company and "Gartner Cool Vendor" Augmate today introduced the MATE token, a cryptocurrency to power IoT device security and interoperability through its Augmate Connect platform. The MATE token (Machine Access Token Exchange) will allow anyone to participate in the rise of a global ecosystem of human and device connectivity, starting with the enterprise and quickly expanding to the consumer space. Rights to receive future MATEs are currently available for sale as a SAFT (Simple Agreement for Future Tokens) on SAFTLaunch.com, and will be sold in a series of offerings at decreasing discounts.
"Distributed ledger technology is the future of connected device security and interoperability," said Pete Wassell, CEO of Augmate. "Augmate was the first wearable device management platform, and we are now the first in IoT device management using distributed ledgers. The MATE token will help us fully realize this goal and grow a community to support it the future of device management."
IoT is projected to be a $15 trillion market by 2030, yet innovation is so rapid that privacy and data are compromised at a staggering rate. Augmate Connect is a scalable solution: with a new, distributed ledger device layer using smart contracts aimed at creating a secure ecosystem for device connectivity.
While at its core a blockchain-agnostic platform, Augmate Connect will start with integrating the IOTA Tangle, a blockless distributed ledger that allows interactions and transactions between devices without fees. Augmate Connect may eventually integrate other private and public blockchain protocols bringing interoperability to device management. Customers activate services on the Augmate Connect platform with MATE tokens, which act as fractional license-access tokens with cryptographic coupon attributes. Augmate will continually add services including a DApp and App Store with resources for developers. This will make it easier for enterprises and consumers to manage a growing arsenal of connected devices, from one secure and streamlined platform.
Augmate was originally founded in 2014 in New York City as a B2B enterprise company specializing in wearable devices, and was recognized as a Gartner Cool Vendor in 2017. Investors include William Hickey, UPS Ventures, Simon Property Group, Tim Draper, Siemens Venture Capital, Rothenberg Ventures, and many others. For more information on Augmate and Augmate Connect, please visit www.augmate.io and https://www.saftlaunch.com/project/augmatesaft.
ABOUT AUGMATE CONNECT
Augmate Connect is the first IoT device management platform using distributed ledger technology. The Augmate Connect Platform will be activated and utilized using tokens called MATEs™ (Machine Access Token Exchange). For more information, please visit: https://www.augmate.io/connect/
SAFTLaunch is a United States based company committed to providing investors a secure platform for investing in SAFTs and token sales. SAFTLaunch offers individuals and professionals a platform to connect with companies issuing SAFT agreements and token sales with secure accreditation and KYC/AML checks. More information is available at SAFTLaunch.com
Thanks and regards, X.
Xenia von Wedel
SrVP, Transform Public Relations
Office: +1 (408) 740-5630
Investorideas.com features content for Bitcoin, Blockchain and Digital Currency Stocks and ICO's at Cryptocurrencyinvestorideas.com, Blockchaininvestorideas.com and Investorideas.com
View our growing Bitcoin, Blockchain and Digital Currency Stocks Directory
Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
Check out our crypto blog on blogger.com
Recently added - Bitcoinandblockchainstocks.com at http://www.bitcoinandblockchainstocks.com/
630 Dundee Road
Northbrook, IL 60062
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.