Memority ICO – Data Storage Revolution on Blockchain
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Memority ICO – Data Storage Revolution on Blockchain

Memority Blockchain aims to provide a secured storage to data for institutions and individuals. The platform is entirely decentralized and secured. Furthermore, access to the data will be simplified, as each storage unit will have unique encryption.

Memority Token

Token

Token: MMR
Total Tokens: 1,500,000,000
Tokens to be Sold on Pre ICO and ICO: 855,000,000
Platform: Ethereum
Type of Token: ERC20 ICO
Accepting: Ethereum, VISA, MasterCard, Bitcoin, Bitcoin cash, Litecoin
Min or Max Personal Cap: TBA
Soft Cap: $5,000,000
Hard Cap: $85,000,000
Start date of public Pre-ICO: May 16, 2018
End date of the public Pre-ICO: May 30, 2018
ICO start date: May 31, 2018
ICO end date: October 1, 2018
Starting price of the EMT token: 0.1 USD
Prohibited Countries: USA, China (except Hong Kong, Macau and Taiwan), South Korea, Cuba, Iran, North Korea, Syria and the Crimea

Website | Whitepaper | Telegram | Twitter

Memority RoadmapThe Problem

Companies have been using cloud computing to store their data. Various service providers have been offering limited futures whose vulnerability exposes then data to security breaches from third parties. Some of these features are:
• Storage decentralization
• Creation of several file copies in independent storages
• High payments to hosters for providing space for users’ files storage
• Decentralized process of file copies checking and restoration
• Storage protection from cluttering with useless data
• Anonymous Cryptocurrency as means for storage payment
• Interface for third-party app developers
• Complete anonymity
• Free data storage availability
• Complete anonymity
• Complete independence from centralized systems

Some of these abilities are offered by traditional cloud storage platforms such as Dropbox, Amazon S3, and Google Drive, most of these platforms offer only one or a few of these features to their clients that exposes data to third-party interceptions. On the other hand, the newly established Blockchains add to the features but still fail to offer a comprehensive package for maximum security, anonymity, and ease of retrievability.

The Memority Blockchain has all the features. This technology is cutting edge and timely given the fact that data is increasingly becoming sensitive, as most parties prefer to store their data on digital platforms. Additionally, the total data in the world is expected to hit an all-time high of 160 zettabytes in 2025 from a low of 30 zettabytes as at 2018. This platform will, therefore, serve as a perfect storage ecosystem due to its timing, scalability of storage and the need for cloud computing.

From an economic perspective, Memority will be at the forefront of driving the growth of the cloud computing and further encourage near 100% digitalization of information. This fact makes Memority be a high return investment especially since the global data market is estimated to be worth more than $36 billion as at 2014.

Benefits of Using Memority Blockchain

Memority secure data storage

• Private key encryption
The data on the ecosystem will be assigned a private key, this will make retrieval easier.

• Protection from Data Loss
The ecosystem has a default number of 10 that ensures that data has duplicates in case of accidental deletion or future need for deleted data.

• Zero Forgery
The ecosystem will automatically analyze data to ensure that there is no duplication or theft of data.

• Proof of authenticity
The system will be incorruptible from hackers due to the validation mechanisms in place.

Conclusion

Memority offers a safe and secure platform for cloud data storage. Users will be able to store, retrieve and transfer data on a decentralized Blockchain with complete anonymity. Further, the process of data storage will earn users Tokens to be redeemed for fiat money at personal convenience.

Username Bitcointalk: ICO Reign

July 4, 2018

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Samantha Mitchell


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