Memority

ABOUT IS MEMORITY ICO

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 ultra-secure storage of all kinds of valuable data.on unrelated storage locations around the world.

FEATURE MEMORITY

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

WHY MEMORITY

File encryption

Files are encrypted with a private key that only their owner has.

Decentralized storage

The system supports storage of 10 file copies in independent storages.

Protection from data forgery

Completely decentralized monitoring systems check data availability and authenticity.

Motivation of all participants

Payments for storage are distributed between hosters, app developers.

Proof of Authority mining

We use mining technology that does not require pricey equipment.

API for applications development

Third-party developers can create applications for data storage on Memority platform.

Blockchain-based data storage ecosystem

Memority’s mission is to create a self-sufficient ecosystem that includes a variety of applications to meet the needs of businesses, government organizations and individuals in ultra-secure storage of all types of valuable data.

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

Token sale

Crowdsale terms

20% bonus Pre-ICO: May 16th – May 30th

15% bonus ICO: May 31th – June 30th

10% bonus ICO: July 1th – July 31th

5% bonus ICO: August 1th – August 31th

Token price: 0.1 USD

Soft cap: 5,000,000 USD

Hard cap: 85,500,000 USD

Tokens distribution

4% Public presale

53% Token sale

15% Team

15% Seed investors

10% Reserve fund

2% Bounties

1% Early miners

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.

TOKEN HOLDERS POTENTIAL REWARDS

Motivation for application developers

The platform 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 of such applications receive 5% of the total amount of MMR for each kilobyte of data uploaded and paid for through their application.

Motivation of miners

Miners receive an additional 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.

INVESTMENT PROTECTION

To attract attention and resources from investors,they can become miners and get rewarded with the share of tokens for storage of all information in the system. This allows us to create a mechanism of beneficial rewards.Development of the system is also conditioned by the development of applications that use system resources. This will greatly aid the platform with attention from both developers and users. As a result we get a self-sufficient system.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.

All participants have a direct incentive to store tokens and promote the platform.

The profitability of investments in MMR tokens can be provided by two main factors:

1. Miners get a constant share of tokens from all

storage payments in the system.

2. The growth of token value, which is a result of

interest in the product by users, developers and

miners.

ROADMAP MEMORITY

2016

The idea of Memority was born

May 2017

Memority platform development Start

December 2017

Closed Alpha release

April 2018

Memority Open Alpha release

May 2018

Users feedback collection

July 2018

Beta release

August 2018

Memority platform 1.0 development Start

Q3 2018

Client application optimization

Q4 2018

Platform architecture optimization

March 2019

Memority platform 1.0 release

OUR TEAM MEMORITY

Ilya Ratovsky (CEO)

Stanislav Rubtsov (CTO)

Andrey Vityk (Blockchain Developer)

Alexander Petrenko (Python developer)

Vladimir Marchinsky (Head of Legal Department)

Vitaliy Miniyailo (Marketing manager)

Alexander Pivtorak (PR manager)

Dmitry Semiryazhko (Co-Founder and CIO at Pinxter Digital)

Oleg Reshtak (UX / UI Designer)

Alexandra Andryushina ( Java Developer )

Alexander Kalmykov (QA Engineer)

Eugene Kharkkovenko ( Objective C Developer )

Mikhail Dvornichenko (Business analyst)

Denis Saprykin (Financial Advisor)

Alexander Shulga (Business Development Advisor)

More Information Contact :

Website: https://memority.io/

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

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

Telegram : https://t.me/memority

Author : Upik05

My profile bitcointalk

https://bitcointalk.org/index.php?action=profile;u=2205131

Address wallet

0x6B4D2B44e4FB4648FE87029C4ddf00Da999127c