Memority ICO (EMT)

Decentralized Ultra Secure Data Storage


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. Files are encrypted with a private key that only their owner has. Memority uses the same data protection technology as crypto wallets. Memority provides API for third-party developers. They can use its structure and decentralized storages for their own apps.

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ICO PROFILE
TEAM
VISION
PRODUCT
10 days left
Token EMT
Platform Ethereum
Price 1 EMT = 0.1 USD
Country Estonia
ICO Start Date 31 May 2018
ICO End Date 01 Oct 2018

About 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 includes many applications to meet the needs of businesses, government organizations and individuals in the super-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 functioning 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.

The data owner can provide space on his device, thereby gaining the ability to store his data free of charge. This possibility is directed, among other things, to expanding the network of hosters, by including ordinary users in the system of computers.

Memority API allows third-party developers to create desktop and online applications for decentralized encrypted storage of various types of data without a lengthy investigation into the technical details of blockchain technology. Developers are rewarded with 5% of payments for all stored files uploaded through their applications.

The creation of new applications will trigger the popularization of Memority, and an even greater influx of hosters and users, which will positively affect the work of the platform.

Miners receive MMR tokens reward for ensuring the system is operational. Between all the miners who participate in the creation of the block, 5% of the payment for all files, entries of which are contained in the block, is distributed.

The platform uses Proof of Authority, so the computing power is irrelevant to the process of blocks creation and will not increase with time. This is substituted with miner’s authority that they prove by having a large stake in the system. Therefore, a limited number of tokens is issued, and mining commissions will be charged when paying for file storage.

Token investments and the token cost are protected from inflation. This is achieved by limiting the number of tokens and rewarding all participants in the system. In its turn, this will popularize the project and increase invectores’ profits in the long term perspective.

Team

Ilya Ratovsky member of Memority ICO
Ilya Ratovsky
CEO
Stanislav Rubtsov member of Memority ICO
Stanislav Rubtsov
CTO
Alexander Pivtorak member of Memority ICO
Alexander Pivtorak
PR Manager
Vitaliy Minyaylo member of Memority ICO
Vitaliy Minyaylo
Marketing Manager
Andrew Vityk member of Memority ICO
Andrew Vityk
Blockchain Developer
Alexander Petrenko member of Memority ICO
Alexander Petrenko
Blockchain Developer
Oleh Reshtak member of Memority ICO
Oleh Reshtak
UX/UI Designer
Alexandra Andriyishyna member of Memority ICO
Alexandra Andriyishyna
Java Developer
Alexander Kalmykov member of Memority ICO
Alexander Kalmykov
QA Engineer
Eugene Harkavenko member of Memority ICO
Eugene Harkavenko
Swift Developer
Michael Dvornichenko member of Memority ICO
Michael Dvornichenko
Business Advisor
Denys Saprykin member of Memority ICO
Denys Saprykin
Financial Advisor
Dmitry Semiryazhko member of Memority ICO
Dmitry Semiryazhko
Advisor, Co-Founder at Pinxter Digital
Alexander Shulga member of Memority ICO
Alexander Shulga
Business Development Advisor
Eugene Kuznetsov member of Memority ICO
Eugene Kuznetsov
Blockchain Advisor
Alexey Kostenko member of Memority ICO
Alexey Kostenko
Backend Developer

Milestones

  • 1

    2016

    The idea of Memority was born.

  • 2

    May 2017

    Memority platform development Start.

  • 3

    December 2017

    Closed Alpha release.

  • 4

    April 2018

    Memority Open Alpha release.

  • 5

    May 2018

    Users feedback collection.

  • 6

    July 2018

    Beta release.

  • 7

    August 2018

    Memority platform 1.0 development Start.

  • 8

    Q3 2018

    Client application optimization.

  • 9

    Q4 2018

    Platform architecture optimization.

  • 10

    March 2019

    Memority platform 1.0 release.

Financial

Token Sale Info
Token EMT
Token Type ERC20
Platform Ethereum
Price in ICO 1 EMT = 0.1 USD
Tokens for Sale 855000000
Investment info
Accepting ETH, BTC, LTC, BCH, Fiat
Distributed in ICO 57%
Soft cap 5,000,000 USD
Hard cap 85,500,000 USD

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