MEMORITY - DECENTRALIZED CLOUD STORAGE OF VALUABLE DATA ON BLOCKCHAIN

- Juli 13, 2018

Memority is a blockchain-based platform for encrypted decentralized cloud storage of valuable data. Memority’s mission is to create a self-suffient ecosystem that in- cludes many applications to meet the needs of businesses, government organizations and individuals in the ultra-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.

The advantages of Memority system in comparison with other solutions :

1. Data owner - can store data in an encrypted form in a decentralized and completely secure manner, paying for the stor- age with MMR tokens. Also, he can provide his disk space for data of other users, becoming a hoster, and receive tokens to pay for the stored data.
2. Hoster - can receive MMR tokens for providing their disk space to users of the Memority platform to store their data.

3. Third-party developers - will be able to im-plement their ideas and create their own applications, using the infrastructure of Memority, and receiving MMR tokens for this.

4. Miner - receives rewards in the form of MMR tokens for supporting the working capacity of blockchain executing their authority (only 10,000 or more token owners can become miners).

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.

ICO (INITIAL COIN OFFERING)

Start date of public Pre-ICO: May 16, 2018
End date of the public Pre-ICO: May 30, 2018
ICO start date: May 31, 2018
ICO end date: October 1, 2018
Starting price of the EMT token: 0.1 USD

During Pre-ICO and ICO, you will only be able to buy the utility Ethereum-based Tokens EMT (Ethereum Memority Token). They do not assume any profits and exist only for the convenience of investors at the ICO.

Crowdsale terms