MEMORITY - DECENTRALIZED CLOUD STORAGE OF VALUABLE DATA ON BLOCKCHAIN

Hi, today I will talk about a promising project this year. Have you heard about Memority ? If not, I'm glad to introduce it to you today.

What Is Memority?

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.

Each participant of the system receives certain opportunities:

Data owner - can store data in an encrypted form in a decentralized and completely secure manner, paying for the storage with MMR tokens. Also, he can provide his disk space for data of other users, becoming a hoster, and receive tokens to pay for the stored data.
Hoster - can receive MMR tokens for providing their disk space to users of the Memority 15 platform to store their data.
Third-party developers - will be able to implement their ideas and create their own applications, using the infrastructure of Memority, and receiving MMR tokens for this.
Miner - receives rewards in the form of MMR tokens for supporting the working capacity of blockchain executing their authority (only 10,000 or more token owners can become miners).

How Memority Blockchain Data Storage Platform Works?

Memority is developing a decentralized platform that will allow users to store their data on a blockchain. For users, Memority will resemble a familiar cloud storage service, but the platform offers unique differences: its use of a blockchain guarantees that all data is permanently stored, since it could not be lost with the failure of any central server, and its use of strong encryption ensures that even the platform's developers can never access what users save.
Memority's users will need to pay for the service with the platform's internal cryptocurrency, the MMR token. However, users who host an entire copy of the blockchainon their computer (a “full node”) will be able to use the service for free.
Memority is also releasing an API, which can be used to create third-party programs that access the service. The company encourages developers to use the service for as wide a variety of applications as possible, and promises rewards each byte of data they draw to the platform.
The platform is still very in its progress: the open alpha version was released in April 2018, and a beta version is planned for a release in July. The full version won't be released until early 2019.

Why Memority?

File encryption : Files are encrypted with a private key that only their owner has.
Decentralized storage : The system supports storage of 10 file copies in independent storages.
Protection from data forgery : Completely decentralized monitoring systems check data availability and authenticity.
Motivation of all participants : Payments for storage are distributed between hosters, app developers.
Proof of Authority mining : We use mining technology that does not require pricey equipment.
API for applications development : Third-party developers can create applications for data storage on Memority platform.

The key feature of Memority

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.

Token Details
PRE SALE : 16 MAY 2018 - 30 MAY 2018 (0.1 USD = 1.0 EMT)
PUBLIC SALE : 31 MAY 2018 - 1 OCT 2018
TICKER : EMT
PLATFORM : ETHEREUM
COUNTRY : ESTONIA
ACCEPTING : ETH, BTC, LTC, USD, FIAT
TOTAL TOKENS : 1,500,000,000
AVAILABLE FOR SALE : 57%
KYC REQUIRED : NO

The ICO Distribution
The ICO plans to hold its tokens sale on May 31, 2018. The ICO will last for about a month. It will end its token sale on June 30, 2018, or when the target funding is achieved. It could be either be earlier or later than the specified date. The total token supply of the ICO has not been disclosed by the ICO. The ICO will observe a soft capping of 5,000,000 USD. The hard capping of the ICO is defined as 85,500,000 USD. The starting price of the ICO token is expected to be 0.1 USD.

Tokens Distribution
The ICO plans to distribute its tokens under the following proportion;
04% tokens are planned to be distributed to the Public presale of the ICO
53% tokens are planned to be distributed to the Token sale of the ICO
15% tokens are planned to be distributed to the Team members of the ICO
15% tokens are planned to be distributed to the Seed investors of the ICO
10% tokens are planned to be distributed to the Reserve fund of the ICO
02% tokens are planned to be distributed to the Bounties of the ICO
01% tokens are planned to be distributed to the early miners of the ICO

Funds Allocation
The ICO plans to allocate its funds under the following proportion
67% funds are planned to be allocated to the research and development department of the ICO
16% funds are planned to be allocated to the marketing department of the ICO
7% funds are planned to be allocated to the administration department of the ICO
05% funds are planned to be allocated to the team members and advisors of the ICO
05% funds are planned to be allocated to the legal department of the ICO

Roadmap

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Team

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More information about ICO and team can be found here:
Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
Website: https://memority.io/
Social network:
Telegram: https://t.me/memority
Twitter: https://twitter.com/frvrty
Facebook: https://www.facebook.com/mmority/

Author :
My Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1267542
Username: MyAnh