- PO8 is based as a Blockchain technology which is focused on making the machine archeology industry available to all people who seek to explore the world historical treasure and cultural relics which has forgotten and lost in the seas. In order to build a tenable industry which permits those who are enthusiasts in conserving and discovering prized antiquities that lay buried in the seas.
- Piece of 8(PO8) has taken the initiative by fusing marine archeology and Blockchain technology this merger is a novelty.
- PO8 has completely decentralized the marine archeology industry. One of the ways the functions were dispersed is the making of smart contracts by PO8 to avoid individuals the opportunity to search and recover treasures, and also be rewarded for completing bounty tasks that aids the recovery efforts.
PO8 will come with some decentralized applications that will support the recovery and distribution of the artifacts:
- Maritime Artifact Data System (MADS): This application will give everyone around the world the possibility to be part of the recovery process of artifacts. Through bounty tasks such as sonar, magnetometer, geo mapping, historical records, weather patterns, video feeds and more, participants will be able to earn tokens as a reward, which can be traded for other tokens or can be sold for fiat money.
- Historical Open Auction Platform (HOAP): Through this auction platform, people will be able to sell their valued treasures on a decentralized platform without the need of a costly middleman. The platform therefore will use every advantage of the blockchain technology such as security and transparency of transactions, as well as authentification record of the artifact.
- Government Artifact Auction System (GAAS): This platforms is for governments, museums or non profit organizations (NPOs), which are looking to buy and sell treasures, but also register and authenticate their artifacts.
- PO8 Historical Artifact Registry System (PHARS): This registry system ensures the identification and authentification of any artifact by giving it a unique signature, which will be saved on the blockchain. Therefore this can be a revolution for the proof of authentification systems to fight against existing artifact frauds.
The goal of PO8 is the restoration and preservation of marine treasures, without violating the ecological integrity of the ocean floor or the sea. The platform system creates many micro tasks at the Ethereum block, accessible to the platform users around the world for collaboration, after which all data is stored in one node. PO8 from numerous sources collects information on the possible location of wrecks, ships, tectonic movements, hurricanes, which allows expedition teams to conduct research more successfully.
Token:
- PO8 is a utility token based on the Ethereum Blockchain
- Softcap of 10 million USD (already reached)
- Hardcap of 30 million USD
- 1 PO8 Token costs 0,012$
- 6.000.000.000 tokens are available for sale
- Sale starts on the 15th june 2018
This industry is gradually growing because of the technological advancements that has made the treasure hunting easier in some sense; sonars , magnetometers, GPS and autonomous Vehicles
(ROV/AVV) are now being used to aid the process.
This could cost alot. Only financially buoyant companies can embark on this expedition because of its enormous cost. Asides the financial barriers, that prospectors would face, government, and other competing interest groups will all want a piece pf the cake, if not all of it.
Roadmap:
More details:
Website: https://po8.io/
Whitepaper: https://po8.io/#whitepapper
Telegram: https://t.me/joinpo8
Twitter: https://twitter.com/PO8Coin
Facebook: https://www.facebook.com/po8tech
Author: https://bitcointalk.org/index.php?action=profile;u=2128756>