Smart contracts have gained serious traction in the past year
Along with the incredible value increases for Ethereum and the associated ERC tokens, these self executing contracts are being implemented and integrated into all aspects surrounding cryptocurrencies. As a valuable factor in the decentralized process, smart contracts work extremely well by providing safe and secure code executions.
But there is a major problem that severely limits it's usage and growth as a mainstream tool.
Unless your a skilled programmer who understands blockchains, coding a smart contract is nearly impossible. Not to mention the debugging and testing process to ensure the usability of the contract.
In short, smart contracts are amazing technology, unfortunately the vast majority of potential users don't understand the inner workings let alone could create one for a specific need. Which leaves this technology limited in it's use to a small handful of skilled programmers while ultimately denying the tech it's full potential to reach market value.
A Solution has Arrived
The Modex platform will provide the solution to bridge the gap between this highly technical, highly valuable product and the mainstream end users who require it by introducing a state of the art, blockchain based, fiat integrated, smart contract marketplace for any and all users needs.
A cross between Github and the AppStore, the Modex platform will enjoy first to market advantage by providing the go-to marketplace for smart contracts and associated applications (apps).
Features and products will include
- Ready Made - Pre-fabricated and peer reviewed, tested and ready to use contracts for general use
- Custom Design Markets - The Platform will provide a marketplace for developers to sell there services for custom building smart contracts specific to users needs
- Contract Builder - An easy to use smart contract builder where beginners can create basic to complex contracts without knowing the required programming
- App Integration - API's provided for 3rd party application integration
In the world of programming, Quality is a key factor to success
The Modex development team is dedicated to quality and bringing in the top talent to the platform. This will be done by implementing reward systems and including developer company profiles.
- Developers will be able to link and login using there Github profile while certain quality and established programmers will be personally invited to join the platform upon release
- Establishing a reward/ bounty pool for high demand contracts in order to incentive the prioritizing of development
- Establishing reward pools for app integration and partnerships
This might be a hard to digest as it's big bite to take... How will development provide these ambitious goals?
The Modex team will be leveraging the already developed and successful multi-fiat wallet application called MoneyMailMe and integrating it within the platform with upgraded cryptocurrency support.
You might be asking... how successful is this application?
Here's some achievements this team has accomplished with MoneyMailMe
MoneyMailMe was built from a network of regulated financial partners and through Modex, will transform into a multi-currency supported blockchain based global payments platform. But this integration is the just the beginning as it will be the primary wallet used to store MDX; the underlying utility token for the Modex platform.
Modex Token (MDX) - Specifications:
MDX is a ERC20 Token based on Ethereum blockchain following the Bancor (BNT) smart token design protocol.
(Bancor protocol can be explained in much greater detail in the BNT Whitepaper )
The main purpose of MDX is to facilitate utility on the Modex Platform by acting as the primary currency for functionality
- Pay platform service fees
- Pay product fees
- Pay for smart contracts
- Gain access to various API's
Modex will also provide options for virtual and physical credit/debit cards linked to your personal moneymailme account
- Supported in 180 countries
- 10 initial crypto/fiat currencies with more to follow
So there is a smart token MDX and an award winning peer-to-peer wallet, the next goal is to build a self sustained economy based upon smart contracts.
Modex Roadmap
This aggressive roadmap can only be accomplished by a dedicated development team backed by solid partnerships and serious investors
The Modex Team has already proven there commitment to providing exceptional products with MoneyMailMe and Investors have responded favorably to the upcoming MDX token sale.
Due to Popular Investor Demand
The crowdfund Pre-Sale and ICO have been postponed for a few weeks in order for the MODEX team to provide more platform transparency and to introduce a 'Proof of Concept' marketplace before launching the Token Sale.
(More info regarding the decision to delay can be found on the official Modex BLOG )
When the Token Sale does happen, the following chart explains how it will proceed for investors
Total Issuance during crowdfund is 197,333,328 MDX
If your a developer with Smart Contract programming skills...
- Plan on utilizing the Modex platform to Monetize your skills
If your a business looking for high quality custom smart contracts...
- Plan on utilizing the Modex platform for the best programmers ready to provide your smart contracting needs
If your involved in smart contracts in anyway
Plan for Modex Smart Contract Marketplace!
Platform & Investor addition Information:
Whitepaper: https://www.modex.tech/documentation/whitepaper.pdf
Website: https://www.modex.tech/
BitcoinTalk {Ann}: https://bitcointalk.org/index.php?topic=2194085.0
Thank you for reading my article on Steemit
If you found this posting enjoyable or useful - feel free to upvote, comment, resteem, or follow me
BitcoinTalk User Link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xe8c79B21B2FC35FA3E85c6a1E80aFf686c99A777
@generation.easy
a bitcoin fanatic and alt-coin enthusiast
Wow, this project has some potential. Smart contract marketplace sounds like something businesses could really use.
I don't think I would use smart contracts, but I could see where it would be wanted. I will write this one down and look out for it!
When is the ICO?
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Really anybody will be able to use smart contract with this platform. You might be suprised in 5 years when crypto really starts to integrate with everything, everyone might be using smart contracts.
As for the ICO, its been postponed for a few weeks to reviel the 'proof of concept' platform so people can see before imvesting. Head over to the bitcointalk page for updates
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Not sure how I feel about investing in Ico. Its pretty risky.
I will look into it
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All of crypto is risky.
But being that its still a relatively new concept, the rewards can be unreal.
Be picky and due research, and youll most likely come out way ahead.
Good luck
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Interesting... similar to EtherParty
https://steemit.com/bitcoin/@g-dubs/etherparty-is-bringing-smart-contracts-to-the-masses-token-sale-starts-october-1-are-you-ready-to-party
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Yes they are similiar projects as i checked both of them out. I like both actually, but i will have to give the slight advantage towards the Modex Team due to that p2p wallet with fiat/crypto.
Plenty of market to go around with smart contacts and some competition could be a good thing. I see the etherparty ICO is doing well in its first days.
I believe Modex ICO will be comparable
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Really interesting post...
The project has potencial, It could be a good investment.
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Yes, its very promising.
Make sure to check it out
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