About Memority project
Memority is the team of programmers, blockchain developers, legal and marketing departments. We are developing revolutionary new technologies in data storage field. For more than half a year our team has been working on the development of the Memority platform to help people and companies around the world keep their data entirely safe.
Memority is a blockchain-based platform for encrypted decentralized storage of valuable data. The system automatically keeps 10 files copies in independent storages all over the world at all time. Files are encrypted with a private key that only their owner has. Memority employs the same data protection technology as used in blockchain-based wallets.
The purpose of Memority is the safe and secure data storage for businesses, government organizations and individuals. Such a system will function with user data protection even if there are no more developers of platform-based applications, developers of the platform itself, or up to 90% of hosters will be lost at the same time.
Full self-sufficiency, the built-in self-cleaning mechanism and the decentralized nature of the functioning allow the system to exist and work for many years without outside management.
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.
Memority ICO Details
The MMR token is being offered available to be purchased between May sixteenth and October first, 2018. The authority ICO starts on May 31st, with a pre-sale going through May, however, it creates the impression that the pre-sale is totally open to the general population. An aggregate of 1,500,000,000 MMR tokens have been made before the ICO, however, just 57% of these are accessible to people in general.
Amid the ICO, the base cost of tokens is $0.10 USD each, however it creates the impression that a markdown is accessible all through the whole open sale; amid the pre-ICO, purchasers get a 20% rebate, and after that the ICO is isolated into three stages with 15%, 10%, and 5% decreases which last until its last day. Tokens can be purchased utilizing Ethereum, Bitcoin, Litecoin, and a few fiat monetary standards.
The ICO does not seem to require any know-your-client check, which could put the organization in a hazardous position as specific locales turn out to be progressively strict with cryptocurrency contributing.
Conclusion
Memority introduces a fascinating thought, and its vigorous nearness via web-based networking media proposes that the undertaking has pulled in far-reaching premium. A few other blockchain-based capacity stages exist that the organization should contend with, however as its site calls attention further bolstering, Memority's significant good fortune is its arrival of an API that will discover the administration utilized as a part of unique applications.
Be that as it may, Memority's careless way to deal with know-your-client directions could turn into the organization's Achilles' foot sole area; numerous locales are attempting to fix controls on cryptocurrencies, and ICOs that disregard to distinguish their speculators are confronting expanding examination.
Speculators in the MMR token ought to consider the interest for such an administration given the field of rivalry and be aware of the way that the stage utilizing this token won't be discharged for almost a year after its ICO.
Some Links -
Website - https://memority.io/
Whitepaper - https://memority.io/docs/whitepaper_memority.pdf
Telegram - https://t.me/memority
Facebook - https://www.facebook.com/mmority/
Twitter - https://twitter.com/frvrty
Author: https://bitcointalk.org/index.php?action=profile;u=856239
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