Memority ICO - Blockchain Based Data Ecosystem [Secure Storage]

norainly (0)(1)in #cryptocurrency • 6 years ago (edited)

Memority is a blockchain based decentralized platform that offers secure space for sensitive and valuable data by incorporating blockchain technology. The platform makes sure the uninterrupted availability of data copies which are encrypted by a secured blockchain protocol and stored on various unrelated locations all across the globe. The platform offers a high level of security to sensitive data by implementing four core features including private key encryption, forgery protection, accidental deletion safeguard, and self-containment and independence. The platform also allows third-party vendors to develop data storage application on the platform. The platform uses low-cost mining technology that is equally beneficial as compared to costly mining equipment.

Memority is a blockchain based decentralized data storage platform, we now would like to mention how it works. In order to use the platform, people need to get registered with it. Registration can be done online after accessing the official website of the company. The company has explained each and everything concerning its different services including how to lease out computer memory, how you can store your files with the memority and how to buy tokens using other cryptocurrencies. You just need to press the instructions tab available next to whitepaper option on the official website of the company.

The Memority platform protects user files with technologies similar to those used in blockchain wallets. The key features that ensure an unrivaled degree of security and make Memority a game-changer in the data storage solutions space are:

Encryption. All user files loaded into the system are encrypted with a private key only their owner has, so no one else is able to get access and view the content.
Protection from accidental deletion and forgery. By default, the system always creates 10 copies of each stored file on independent storage locations worldwide and then monitors their availability, integrity, and authenticity. The blockchain database stores unique hash identifiers of data, which are regularly checked for possible fakes or forgery.
Motivation mechanism for hosters. In return for providing their disk space, hosters can store their own data free of charge or receive internal MMR tokens, which will be used for all operations inside the ecosystem.

To ensure reliable operation, the system constantly checks the presence of all file copies, the availability of hosters on the network, the download date, size and hash codes of files. Information about the files is stored in blockchain database, so it can not be faked.

During the check, a unique hash code is extracted from the random part of each file, which is compared between all the hosts. If one of the hosters has a hash code different from the others, the file is considered to be modified or deleted, so the hoster is excluded from this file network with a downgrade, and a new copy of the file is created at the next random hoster’s storage.

If the number of file copies is insufficient or the copies have been forged, new copies of the original file are automatically created for new hosters.

MMR tokens are necessary for the functioning of the entire ecosystem. Tokens can be obtained for:

providing space for data (hosting files of other participants);
becoming an investor in the ICO process and exchanging purchased tokens to MMR;
becoming a miner;
developing applications for Memority platform.

The ICO Distribution
TStart date of public Pre-ICO: May 16, 2018
End date of the public Pre-ICO: May 30, 2018
ICO start date: May 31, 2018
ICO end date: October 1, 2018
Starting price of the EMT token: 0.1 USD
During Pre-ICO and ICO, you will only be able to buy the utility Ethereum-based Tokens EMT (Ethereum Memority Token). They do not assume any profits and exist only for the convenience of investors at the ICO.

MMR tokens are used inside the platform for all operations and are necessary for the functioning of the ecosystem.
All EMTs that are exchanged to MMR will be automatically destroyed.

The current number of EMT tokens is 1,500,000,000. 57% of all tokens are available.
The strong point of the project is that we go to the ICO with a completely working alpha version of the product. It has the main part of the functionality (you can store your files, become a hoster, and the data is encrypted and automatically restored), but does not support the development of external applications, and many additional functions have not yet been tested or developed.

for purchase during Pre-ICO and ICO, namely 855,000,000 tokens. Unsold tokens will be destroyed.
Types of payment are accepted: Ethereum, VISA, MasterCard, Bitcoin, Bitcoin cash, Litecoin

The strong point of the project is that we go to the ICO with a completely working alpha version of the product. It has the main part of the functionality (you can store your files, become a hoster, and the data is encrypted and automatically restored), but does not support the development of external applications, and many additional functions have not yet been tested or developed.