IOTW plans to launch MainNet in June/July 2019 to support Set-Top Boxes Hitting Retail Market

(Hong Kong, 10th May 2019.) Project IOTW is pleased to announce that the IOTW MainNet is planned to be launched in June or July 2019 to support a vast amount of set-top boxes with IOTW technologies hitting the retail market in Europe and the Middle East in the third quarter of 2019.

IOTW has been working closely with a number of set-top box manufacturing firms and brand owners to embed IOTW’s native blockchain technologies — Proof of Assignment (PoA) and Micro-Mining Protocols — into various brands of set-top boxes by upgrading the firmware without changing the hardware. The electricity cost of each IOTW-enabled IoT device to mine IOTW cryptocurrencies is expected to be only 0.5 USD annually.

Once embedded, a high volume of set-top boxes, together with smart LED light bulbs and power plugs with IOTW technologies, are expected to be available in the retail market in the third quarter of 2019, implying that IOTW will probably set to be the leading project in the world with a vast volume of IoT blockchain deployments in the industries. The retailers and owners of different brands will promote their set-top boxes products with IOTW technologies to their customers in Europe and the Middle East market, targeting to reach out millions of end users in the coming years.

To prepare for a high volume of set-top boxes and other IoT devices with IOTW technologies hitting the retail market, IOTW plans to launch its MainNet in June/July 2019. The MainNet will be an integrated mobile application that allows end users to assign IoT devices with IOTW technologies such as Set top boxes into the MainNet Apps and start mining the IOTW coins. End users will also be able to remotely control the IoT devices, do instant payment, micro-transaction, and purchase in the marketplace with IOTW coins, while the IoT manufacturers, sellers in the marketplace, and other parties can purchase user behavioural big data generated from cross-brands of IoT devices to make informed decisions. The latter group are welcome to put advertisement, as one of the IOTW business models, in the MainNet as a high volume of users are expected to join the MainNet.

The CEO and founder, Fred Leung, has commented on this by saying, “Thanks to the tremendous effort of the tech team over the year, I am so glad that we will launch the MainNet soon and a large amount of IoT devices with IOTW technologies will come to the market in coming years. This is a great milestone as it may represent that IOTW is probably the world’s first project that can launch such as a high volume of IoT blockchain deployments. With many end users upcoming in our Mainnet, we will be able to unify IoT big data across different brands.”

About IOTW

Project IOTW (https://iotw.io/), under AnApp Blockchain Technologies Limited, is building a fast-growing Blockchain-enabled IoT Data Platform in the world, where Big Data is unified from a cross section of IoT devices and different applications based on a native blockchain technology using Proof of Assignment (PoA) and micro-mining protocols. The blockchain software can run on different IoT devices to mine cryptocurrencies. The micro-mining software can be embedded into different IoT chipsets and also downloaded into existing IoT devices through a firmware update without changing their hardware. The founding team has about 30 years of experience working in the Silicon Valley, semiconductor, and IoT hardware industries, which can help make IOTW real business globally at a rapid scale. It has been backed up by 500 Startups accelerator program, one of the topmost incubators and VCs in the US.

Join IOTW TestNet: https://iotw.fun/
Join IOTW Community: https://t.me/iotwcommunity

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