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-sufficient 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.
Data security is ensured by encrypting the file when it is loaded into the system with a private key, which is stored only by the data owner. Access to the content of the data is possible only with the help of this private key.
Unique hash identifiers of data are stored in a blockchain database, so it is impossible to delete files, to forge them, or to forge information about storing files
All above mentioned allows unprecedented files protection from deletion and forgery
The motivation mechanism for hosters (people who provide a physical memory of electronic devices for data storage) is aimed at connecting as many ordinary computer users as possible with the system to maximize the number of independent repositories.
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 are lost at the same time. Full self-sufficiency, the built-in self-cleaning mechanism and the decentralized nature of the function ing allow the system to exist and work for
many years without outside management.
The work of Memority is based on its own MMR tokens, the transaction history of which is also recorded in blockchain.
The payment functionality is provided by the system of smart contracts, which protects interests of all system participants and constantly cleans the platform from unnecessary files.
About Memority
Memority - company involved in the development of the project is registered and regulated by the legislation of Estonia:
Registry code: 14453811
Name: Memority OÜ
Legal form: Private limited company
Address: Harju maakond, Tallinn, Kesklinna linnaosa, Parda tn 4-411-1, 10151
Memority is the platform for a completely decentralized, ultra-secure storage of valuable data on the blockchain, which ensures the continued availability of several encrypted copies of data on unrelated storage locations around the world.
The data is encrypted with your private key
No one except the owner can physically view the contents of the files, because they are encrypted with a private key, which is stored only by the data owner
Data is protected from accidental deletion
The system always stores multiple copies of data (default is 10), the monitoring system will periodically check their availability and creates new copies in other stores in case of insufficient number of duplicates
Data is protected from forgery
Unique data identifiers are stored in the blockchain database, the system regularly searches for fakes and restores the correct number of copies with genuine data if files have been forged
The system is completely self-contained and independent
Data storage, the process of files copies monitoring and recovering, data encryption and validation for authenticity are completely decentralized, there is no dependence on any centralized systems
ICO (INITIAL COIN OFFERING)
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
During Pre-ICO and ICO, you will only be able to buy the utility Ethereum-based Tokens EMT
(Ethereum Memority Token). They do not as sume any profits and exist only for the conve nience of investors at the ICO.
INVESTING IN THE MMR TOKEN
TOKEN HOLDERS POTENTIAL REWARDS
Memority has a system of participants motivation (regardless of their roles).
Below we explain how exactly the system attracts users, investors,miners and hosters.
Motivation of data owners
Data owners receive an absolutely secure and
decentralized repository. They can be sure that
no one else will have access to their files and
that they will not be lost anywhere during the
entire paid storage period.
Hosters Motivation
With the development of cloud technologies
and the spread of the high-speed Internet, users
use less and less disk space on their PCs to
store their own data. Inclusion of this unused
disk space into the Memority storage will result
in rewards for its owners and will help expand
the platform.
Hosters will receive 90% of the funds spent
by data owners for their storage
INFORMATION FOR MEMORITY
Website : https://memority.io/
Facebook : https://www.facebook.com/mmority/
Twitter : https://twitter.com/frvrty
Telegram : https://t.me/memority
Whitepaper : https://memority.io/docs/whitepaper_memority.pdf
ANN Topic : https://bitcointalk.org/index.php?topic=3952669
AUTHOR :
Bitcointalk username : Driean
Fropil link : https://bitcointalk.org/index.php?action=profile;u=545651
Wallet Adress : 0x0872bf5Fb779e726D5438ed144B304322117b697
