Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I'm going to introduce you a new cryptocurrency based project called #Memority
What is Memority?
Memority is a blockchain-based platform for encrypted decentralized cloud storage of valuable data. Memority’s mission is to create a self-suffient ecosystem that in- cludes many applications to meet the needs of businesses, government organizations and individuals in the ultra-secure storage of all kinds of valuable data.
The platform includes a collection of independent repositories from around the world, which are based on computers of users who have provided a part of the memory of their hard drives for file storage. To ensure a high degree of data security, 10 copies are created for each of the stored files, integrity and authenticity of which are constantly monitored. 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. The processes for verifying availability, authenticity and recovery of files are independent from the file owner and will work autonomously as long as the files storage in the system is paid for.
Why Memority?
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.
How does it work?
Memority has developed a decentralized platform where the users can store their valuable data in encrypted form on a secure blockchain. Many of you might be wondering that Memority’s data storage solution is quite similar to the cloud storage services offered by different agencies. Though the services look similar, there are many differences that make Memority a better data storage facility for any individual and any agency.
Whenever a user stores his data on this platform, the data get stored permanently on the blockchain. So, whether the storage center is destroyed in a storm or any other disaster, your data will be there for always. You can access the stored data anytime and from anywhere you want. When it comes to the security of the data, even Memority’s developers can never access the information you have stored. It is only you who can access the data and use it. This platform is amazing and the best storage facility in the world because it is using the state-of-the-art technologies to ensure exceptional safety and vast storage capacity.
Memority advantages
· Data encryption using your private keys
· Protection of the data from accidental deletion
· Protection of data from forgery
· Completely self-contained and independent system
· Motivation of all participants
· Mining technology: Proof of Authority (does not require costly equipment)
· API for applications development
Fuatures of memority platform
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 and ico details
Sales Token
20% Pre-ICO bonus: May 16 - May 30th
15% ICO bonus: May 31st - June 30th
10% ICO bonus: 1 July - 31 July
5% bonus ICO: August 1 - October 31st
Price token: 0.1 USD
Soft cap: 5,000,000 USD
Hard cap: 85,500,000 USD
Token Distribution
4% public presale
53% of Token sales
15% Team
15% Seedlings
10% Reserve fund
2% Bounty
1% of initial miners
Roadmap
More information :
WEBSITE: https://memority.io
TELEGRAM:https://t.me/memority
WHITEPAPER: https://memority.io/docs/whitepaper_memority.pdf
ANN THREAD:https://bitcointalk.org/index.php?topic=3952669
FACEBOOK: https://www.facebook.com/mmority/
TWITTER: https://twitter.com/frvrty
MEDIUM:https://medium.com/@memority/
GITHUB:https://github.com/Memority/memority
Author: thedinh96
Bitcointalk Account: https://bitcointalk.org/index.php?action=profile;u=1692254