ICO Review: Memority

Memority

Name of ICO: Memority

Summary of ICO: Memority provides secure, decentralised storage of data. Memority achieves this by having 10 copies of every file that is being securely stored. These copies will exist in independent location across the globe. Users of the network will provide storage space on their own hard drives in exchange for being able to use the network. The token being issued is EMT, an Ethereum based token which can be exchanged on a 1:1 basis for the MMR token. MMR tokens will be used on the Memority Network.

Token symbol: EMT

Type of token: ERC20

Number of tokens issued: 1,500,000,000 EMT

Number of tokens available for sale: 855,000,00 EMT

Price of EMT: 1 EMT = $0.10

Payment Method: ETH

Softcap: $5 million

Hardcap: $85 million

Bonuses: 5 – 15%

Memority Website: https://memority.io/

Memority Whitepaper: https://memority.io/docs/whitepaper_memority.pdf

Memority Twitter: https://twitter.com/frvrty

Memority Facebook: https://www.facebook.com/mmority/

Memority Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3952669

Team:

CEO: Ilya Ratovsky
CTO: Stanislav Rubtsov
PR Manager: Alexander Pivtokrak
Head of Legal Department: Vladimir Marchinsky
Marketing Specialist: Vitaliy Minyaylo

Benefits of Memority

One of the biggest benefits of Memority is secure encryption. All of the data stored on the Memority network uses private key encryption. Only the owner of the data who holds the private key can view the contents of the file.

The system also tackles the issue of accidentally deleting content. The system always stores a minimum of ten copies of the data. The system checks the network to make sure that there is this minimum number of copies. If there isn’t it makes additional duplicates.

Memority is completely decentralised. This means that it doesn’t have the same types of vulnerabilities that a centralised system would. Each of the copies are stored on unrelated hard drives, across the globe.

https://bitcointalk.org/index.php?action=profile;u=1138788

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