An increased number of phones, computers, as well as facilitating access to the global network directly affects the amount of data generated by users and companies worldwide. The Project Module creates a decentralized platform and ecosystem with its own token for data storage.
According to the Module’s statistics, there are about 2 bln of smartphones all over the world. On average, a data storage of each modern smartphone is 32 Gigabyte. The half of this data storage is not occupied by user’s files. It means that about 32 Exabyte on smartphones are unoccupied and can be used for data storage.
All users who own free memory space on their phones, servers, PC will be able to apply this free space as data storage. Anyone can get a cryptocurrency from the Module platform.
Problems and solutions
What main problems of the current data storage industry can be solved by the Module platform?
Inefficient memory usage. Most users buy smartphones and PCs, while not using more than half of their in-built data storage and device’s memory. And this computing power can be effectively rented in exchange for a user’s reward paid in tokens thanks to the Module ecosystem.
Increased amount of expensive servers for data storage. All information needs to be stored somewhere. That’s why massive data servers and centers are constantly being built. Large enterprises spend billions on data storage servers, although they can get access to cheap data storage sources on user’s devices right now thanks to Module!
Mining is becoming a centralized activity and it’s really bad for a whole cryptocommunity. Right now only large companies with great budgets are free to enter the global mining market, since all computing power is provided by enterprises. But with the help of the Module ecosystem any owner of the smartphone can earn cryptocurrency, making mining a more decentralized activity.
Data security is not very good. The Module platform strives to solve this problem as well by using the ECC encryption algorithm. Constant leaks of databases and confidential information undermine confidence in both large and small enterprises with centralized servers. The Module platform can solve this problem by providing cheap data storage with a high level of security and strong encryption.
Uses of the Module’s blockchain
Module offers a revolutionary blockchain platform with new PoSTT algorithm. PoSTT stands for Proof of Space, Time and Transaction. The Japanese team offers:
technology of new smart contracts;
mining available for everyone;
speedy transactions;
low cost solutions for storing data on user’s device confidentially;
management of their data in a quick and independent way;
ICO details
The Module team offers the sale of their ERC20 token called MODL. The pre-sale was very successful and the team decided to prolong the campaign. Everyone can take part in ICO, buy MODL tokens and get benefits. During ICO 1 MODL equals 0,008 USD. The Module team is going to raise at least $5,000,000 (soft cap). Hard cap (maximum aim for fundraising) equals $18,000,000. At the moment of writing (27.10.2018) the team raised $ 5 414 670.16. Soft cap was reached!
According to the roadmap, the raised funds will be distributed in such way:
40% — development of the platform and major services;
30% — hiring employees and motivation of the existing team;
30% — marketing and user engagement (PR activities);
In general, the Module team issued a fixed amount of 15,000,000,000 MODL. They are divided in the following way:
60% for mining;
15% for team and advisers;
15% for the public sale;
5% for bonuses and bounty campaign;
5% for the close, private sale;
Module has all chances to reach the main financial goal. Right now it’s a very perspective investment opportunity in the long term.
