SonoCoin joins forces with Velas AG in support of (VLX) blockchain development & deployment

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SonoCoin is pleased to announce its partnership with Velas AG, a Swiss blockchain venture backed by, the largest altcoin payment processor platform.

The alliance between SonoCoin and Velas AG pools together top software developers in distributed ledger technology and artificial intelligence. SonoCoin’s successful native blockchain launch in partnership with Swisscom Blockchain AG is a testament to their experience and innovation in the industry. The combination of SonoCoin’s technical expertise and Velas’s extensive involvement as a leader in the merchant payment processing industry will assist the latter in solving the ongoing challenge of scaling a blockchain network to new heights. The scope of collaborative involvement includes the development of a stable Velas blockchain with an AI — Operated Delegated Proof of Stake consensus; AI blockchain deployment and testing; and expansion of its multi-wallet support for leading virtual currencies.

Alex Alexandrov, Founder and CEO of Velas, commented: “Our partnership was made possible by teamwork, vision, relentless work ethic and a shared goal to push the boundaries of blockchain technology. I look forward to further cooperation and joint success in our respective ventures.”

About Velas AG

Velas TM is a self-learning and self-optimizing blockchain platform for secure, interoperable, extremely scalable transactions and smart contracts. The Velas blockchain uses neural networks optimized by artificial intelligence to enhance its consensus algorithm, which maintains decentralization, stability and security. The purpose of Velas is to address and fix existing issues and challenges faced by most existing blockchains including scalability, security, and expense.

About SonoCoin

SonoCoin is Swiss blockchain venture offering white-labeled data-over-sound solutions to enterprises based on its native blockchain protocol. The coin’s .WAV file format gives anyone the power to transmit value and information using simple methods of delivery such as sound (similar to Shazam), messenger, QR and Bluetooth, etc. SonoCoin’s blockchain platform is a “b-to-b-to-c” (b2b2c) model, where SonoCoin builds data-over-sound solutions for businesses upon its blockchain network.

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 the information contained in any forward-looking statement unless required by applicable securities laws.