Seele Price

Seele is an open-source, decentralized blockchain platform that utilizes the Neural Consensus protocol enabling it to scale linearly with the growth of the block size. It seeks to eliminate the challenges faced by other blockchains of scalability and fast transactions. It uses bottom-up technologies to ensure that resources are able to trust one another for easier data exchange and business efficiency. The ability to create numerous child chains creates a system where different blockchains andShow more [+] other resources can communicate efficiently and effectively.

It also incorporates smart contracts to execute transactions. Seele smart contracts have an advantage over other blockchains thanks to layered protocols, Web assembly, provides EVM with pluggable support, JVM among other advantages. According to the developers, this platform can execute millions of transactions per second.

SEELE token is the currency used on the Seele ecosystem to carry out transactions. It is an erc20 utility token that is not premined. The total supply for this token is at one billion, of which 48.25% were floated for sale during its ICO (Initial Coin Offering) that ended on April 3, 2017 and raised approximately $12 million.

Seele is managed by a team of experienced engineers from Microsoft, Baidu, Tencent and other renowned tech giants.