What is Seele?
Seele describes itself as the blockchain 4.0. This is because it improves on Bitcoin (blockchain 1.0), Ethereum’s smart contract (blockchain 2.0), Lightning Network (blockchain 3.0) which is used to improve the speed of transactions.
Seele states that it can handle previous blockchain’s features and more. However, due to recent news, it appears that the project has yet to see what occurred otherwise.
- Heterogeneous Forest Network: Consists of multiple subnets, each of the subnets can be viewed as a partition tree based on hierarchy. On the beginning is the meta-chain. It gives a global scheduling and configuration service. From the top to the bottom, it has multiple business forms. The upper layer gives scheduling and addressing services to the lower layer.
- Value Chain and Value Transport Protocol: VTP is created on a heterogeneous network architecture. It covers the unique identification of assets and the strategy for digital asset discovery. VHTTP uses the exchange of human values between off-chain and on-chain.
- Neural Consensus Protocol: The ε-differential agreement is an algorithm that’s used to sort large scale nodes, and the consensus works in this order. The consensus reports tend to increase in a linear fashion with the number of nodes present.
- Quick Value Internet Connection: Meets and adapts to the various needs current blockchain networks face in the application and transport layers. Once it deals with additional connections, its low latency gives it an obvious advantage. This goes for the specified block size which increases the transmission efficiency by 1.
What Happened to Seele?
Two verified admins of Seele’s ICO group used Telegram to solicit ETH payments from public members who recently joined the group. This occurred before the Pre-ICO even started. As a result, Seele had started to lose its credibility amongst the crypto community.
Seele’s team members have reacted to the situation by creating a scam warning for the users that were in the group. They have found the scammers and removed them from their team.
Seele states that their Telegram account was hacked and compromised. However, bitsonline.com noted that the users nicsmith (Seele’s data analyst) and SeeleSupport were team members listed on the website. Some suspected that the scam was more planned than what Seele was letting on, however this could be a case of social engineering leading to compromised accounts.
Token Sale Information
- Accepted Payment: ETH
- Total Amount of Tokens: 1,000,000,000
- Token Sale: TBA
- Website: Here
- Whitepaper: Here
Disclaimer: All of our posts are made for informational reasons only, not investment advice. Research every ICO you’re interested in and invest at your own risk.
- Innovative Idea: Seele’s plan to improve on previous blockchain framework attracted multiple users to its cause.
- Vague Whitepaper: There is too much extra technical information that might confuse the reader.
- Noticeable Scam: Seele has stolen 2 million off of their follower base.
- Lack of Advisors: The website has only two advisors which can be rather suspicious to some.
Avoid this ICO. It’s already been suspected of a scam and is being openly avoided within the community. When investing ICOs always remember to stay safe and pick ones that your advisor recommend that you use.