MEMORITY PLATFORM REVIEW

Kelvin Onyeka
3 min readNov 12, 2018

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INTRODUCTION

Decentralized storage is required to bring the best characteristics of blockchain technology together. The highlights of decentralized storage will take care of the down to earth demand of putting away tremendous measures of information. In decentralized storage, data is appropriated over a broad system of hubs simply like in the dispersed ledger technology feature of blockchain.
The profoundly concentrated nature of traditional cloud-based and single framework databases supports conceivable hacks. Centralisation exhibits a solitary purpose of shortcoming; should the controlling organization be assaulted, the whole stockpiling framework will endure.
decentralization kills such issues by utilizing hubs disseminated over a locale or the whole world. An assault or issue in one of the hubs won't cause wrecking impacts since alternate hubs will keep on working of course. Circulation of the hubs crosswise over tremendous topographical regions likewise gives decentralized storage the upside of being adaptable. That is why you should check out this cloud storage platform called MEMORITY

WHAT IS MEMORITY?

Memority is a decentralized platform that leverage the power of blockchain technology for encrypted cloud storage of valuable data., by definition, giving the most secure and totally decentralized storage of important information. The platform speaks to an accumulation of autonomous archives worldwide dependent on the PCs of hosters giving the physical memory of their gadgets for record storage. Such an independent biological community is described by entire freedom from any brought together frameworks and outside administration.

The Memority platform ensures client records with advances like those utilized in blockchain wallets.

FEATURES OF MEMORITY

ENCRYPTION. All client records stacked into the framework are scrambled with a private key just their proprietor has, so nobody else can get access and view the substance.

PROTECTION FROM ACCIDENTAL DELETION AND FORGERY. As a matter of course, the framework dependably makes 10 duplicates of each put away record on free stockpiling areas worldwide and after that screens their accessibility, respectability, and realness. The blockchain database stores extraordinary hash identifiers of information, which are routinely checked for conceivable fakes or forgery.

MOTIVATION MECHANISM FOR HOSTERS. As a byproduct of giving their disk space, hosters can store their own information for nothing out of pocket or get inner MMR tokens, which will be utilized for all tasks inside the ecosystem.

SOME ADVANTAGES OF MEMORITY

· Data encryption using your private keys

· Protection of the data from accidental deletion

· Protection of data from forgery

· Completely self-contained and independent system

· Motivation of all participants

· Mining technology: Proof of Authority (does not require costly equipment)

MEMORITY MMR TOKEN ICO DETAILS

The MMR token is being offered for sale between 2018-05-31 - 2018-11-30. A total of 1,500,000,000 MMR tokens have been created prior to the ICO, though only 57% of these are available to the public.

During the ICO, the base cost of tokens is $0.10 USD each, though it appears that a discount is available throughout the entire public sale; during the pre-ICO, buyers receive a 20% discount, and then the ICO is divided into three phases with 15%, 10%, and 5% reductions which last until its final day. Tokens can be bought using Ethereum, Bitcoin, Litecoin, and several fiat currencies.

The ICO does not appear to require any know-your-customer verification.

TOKEN DETAILS

Token: EMT Token
PreICO Price: 1.2 EMT = 0.1 USD
Price 1 EMT Token = 0.1 USD
Bonus: Available
Bounty: Available
MVP/Prototype: Available
Platform: Ethereum
Accepting: ETH, BTC, LTC, BCH, Fiat
Soft cap: 5000000 USD
Hard cap: 85500000 USD
Country: Estonia
Whitelist/KYC KYC
Restricted areas: USA, China, Japan, South Korea, Cuba, Iran, North Korea, Syria, Crimea.

Website: https://memority.io/

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

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

Twitter: https://twitter.com/frvrty

Telegram: https://t.me/memority

My bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=1120501

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