The platform, called Memority, uses a cloud system based on the decentralized principle of Blockchain. The main objective of the project is to create a repository with a high level of security that will ensure the preservation of both large organizations and individuals.Nowadays, the problem of data storage is very relevant, since it is necessary to ensure the high safety of information and convenience in its use. Memories can be used in the field of finance, or just to store files.
Already open projects that provide data storage using blockchain technology cannot be called complete. This is due to the fact that they do not delete unnecessary data and there is no guarantee that their data will be saved after any malfunctions, hacks and other problems.
Also, such projects cannot be called completely decentralized, since they often use centralized servers for storing some basic data, for example, identification data and legal information. The lack of a reward system is also a factor that prevents decentralized storage facilities from becoming more popular. Memority takes into account all these problems and tries to embody their solution in itself.The owner of the file by status is considered a legal entity. It operates according to the following algorithm:
- Application download.
- File upload via an application.
- The file is encrypted with a 128-bit key. It is retained only by the owner.
- Selects the number of copies of the file.
A hoster may already be an individual. He can receive remuneration in MMR tokens for providing the hard disk capacity of his computer. These processes do not concern blockchain and encryption. The following steps should be taken to become a hoster:
- The memorial application is loaded.
- The participant is provided with a wallet for receiving MMR and a private key.
- Indicates the amount of hard disk that will be used for storage. It can always be changed in the settings.
Those who have on the account from 10000 ММR and more, can become miners that will provide additional income.This project can be seen as a lot of advantages:
- Use Blockchain;
- For the storage of information several copies are used, located on different servers;
- Useless data is erased;
- The possibility of free use in addition to paid features;
- Complete anonymity;
- Use of own cryptocurrency for various operations;
- Material incentives to third-party developers.
This list cannot be called exhaustive, but it lists the main advantages of a platform.During the period of pre-sale of cryptocurrency, investors can receive 20% of tokens in addition, provided that the purchase will be from a dedicated pool. All that remains unsold will go to the reserve. There is also a bonus depending on the period of time of purchase: May 31 – June 30 – 20%; July 1 – July 31 – 15%; August 1 – August 31 – 5%.
Information About Memority Project
The total number of tokens — 1.5 bln EMT. The initial price of the token is 1 dollar.
About 57% of tokens will be sold in Pre-ICO and ICO sales. That which is not sold will simply disappear and will not take any part.
Payment methods are quite extensive: Ethereum,
VISA, MasterCard, Bitcoin, Litecoin and Bitcoin Cash.Despite are you a player, businessman or investor, it can be good idea for you to go to the official ICO website, learn more about the project and invest in it, if you really keen on this industry.Discuss and share your experience – it’s the only way to become better
On the other hand, if you’d like to learn more about investing, trading and everything about crypto, visiting our forum might be a good chance to do all of these in one place.