Geneva-based encrypted e-mail service ProtonMail confirmed that it is planning to raise funding through token crowdsdale. Developers are also thinking to integrate blockchain and smart contracts in the email service.

The ProtonMail team confirmed that it may decide to issue a token and hold an initial coin offering (ICO) to attract funding in the future. Bart Butler, technocal director of ProtonMail, wrote in twitter that it will be an alternative to traditional venture financing.

 

The future token is called ProtonCoin, and already has its own website, registered in February 2017, although little is known about the technology it is based on.

ProtonCoin's purposes, mentioned on this site, are "a way for the general public to participate in the growth and expansion of ProtonMail and the entire Proton ecosystem, centered around the ideas of security and privacy", as well as "building blocks for what may be the world's first decentralized organization that distributes the participation rights of Proton widely so that no single entity can exert complete control over the ecosystem that we are developing" and creation of a decentralized ecosystem governed with the help of blockchain.

ProtonMail's origin website now also has a vacancy of a blockchain developer. It was this announcement that became the source of rumors about future ProtonMail ICO, which then received confirmation from the ProtonMail team.

"The crypto community has supported ProtonMail since 2014 when we raised over half a million dollars and many Bitcoins through crowdfunding. Over the years, we have integrated Bitcoin as a form of payment and became the go-to email for cryptocurrency users demanding the best security," the announcement reads.

It notes that ProtonMail has several "exciting blockchain-related ventures underway", and they are looking for a developer who will help "make the blockchain easy to use and empower millions of people around the world." Applicants are required to have qualifications in the field of operating full blockchain nodes and wallets, writing Ethereum-based smart contracts, and have experience in launchung successful ICOs and "deep understanding of blockchain on a code and math level."