[MIRA ICO]- CRYPTOCURRENCY SIMPLIFIED

Ever since the success of blockchain on bitcoin, a number of companies have been trying out the true extent of bitcoin’s power. There are a number of blockchain based platforms that have come up and some are still coming up each filling up niches that are still existent in various market sectors. The blockchain applications are turning out to be great as there is indeed potential for the services blockchain can make possible. Even governments are working on their own blockchain applications as they can solve a number of problems that administrative offices have been facing; the unique way in which blockchain stores information has made it popular in the tech world. It offers transparency and allows platforms to be fully decentralized thus eliminating the problems associated with centralized systems. This can greatly reduce fraud in institutions. When coupled up with immutability, any platform using blockchain can virtually operate with the highest form of transparency available.

Mira is one of the upcoming blockchain applications. It has realized a need that it feels should be met with utmost simplicity while focusing on the usability and practicality of the platform. Mira’s platform is concerned with the struggles people go through while operating with cryptocurrencies. Cryptocurrency operations are not as straightforward as its users would want it to be. There are a lot of twists and turns involved when dealing with cryptocurrencies. Anyone who is not aware of how to operate in this marketspace risks losing a lot of money in terms of cryptocurrency lost and misleading purchases. Operating with cryptocurrencies requires one to be equipped with knowledge concerning the market, where to purchase the cryptocurrency and the best options for storing the purchased cryptocurrency. Not many people are interested in knowing as much, most are interested in making these purchases in the simplest way they can and that is why buyers are unknowingly scammed by fraudsters in internet platforms.

Storage options offered for cryptocurrencies are not as flexible or secure as they should be. There are two methods of operating with cryptocurrencies. Virtual wallets are one of the ways. They come in two categories; online and offline wallets. Each has its own disadvantage. The online wallets are most popular among new cryptocurrency buyers. There are a number of them in existence and they are easy to create and manage. Requirements for the online wallets are also low enough for anyone to open a wallet. Online wallets may seem convenient but they are weak security wise. Most are operated in a centralized manner which makes them vulnerable to cyber-attacks. There have been recorded cases of losses arising from online wallets. Hackers may gain access to a wallet platform and wait until a desired goal has been reached before making way with their loot. A safer way to store cryptocurrencies would be through offline wallets, but what they make up for in security they lose in convenience. There are a lot of technicalities involved with setting up offline wallets that it may be too bothersome for those intending to store cryptocurrencies. There is also the issue of slow cryptocurrency transfers in both. Most transfers may even take a week for them to be completed. The ownership of the cryptocurrency stored, especially in online exchanges, may not be clearly defined. There is also the use of exchanges for cryptocurrency operations. Exchanges also have their own advantages but operating from an exchange platform is a risky affair. They suffer from the same problem of security that online wallets suffer from. For exchanges, it is even worse as the creator of the exchange has the power to get away with all the cryptocurrency available. The owner could just decide to take up all cryptocurrencies and there would be very little the platform users could do.

The Mira platform will be a cryptocurrency haven for people who have suffered different ordeals while seeking for a place to buy and operate cryptocurrencies. It will host great features that will serve both new comers in the cryptocurrency trading industry and also serve those who have been in this market sector in other platforms.

Purchasing cryptocurrency should be easy for anyone. With the available technology, a lot of conveniences can be made possible. For the Mira platform, all you would have to do is select the amount of cryptocurrency you want to purchase. The Mira team will do whatever is necessary to ensure that you get your cryptocurrency. All requirements will be displayed for all buyers to see. Purchases will be made through online services that Mira will make available for their clients. Mira will do more than just purchasing; it will function as an all-round solution for cryptocurrency challenges that are still there up to now. It will offer quick transfer of cryptocurrencies through its platform. It will also offer storage options for users of the platform. Their storage concept is unique and is sure to attract people to the Mira platform.

The Mira platform has MiraBoxes. The MiraBox is like a container that holds important details in the platform. Within the MiraBox is a file and a contract which will be essential to the service being provided. Whenever a buyer makes a cryptocurrency purchase, the details of this purchase and the contents are converted into a file. This file is then linked to the contract that made this purchase possible. The two are stored in a MiraBox which is kept with the owner or recipient of the MiraBox. The MiraBox are password protected. Only those with the password can access the contents of the MiraBox. Moreover, these contents can only be opened from the Mira platform. In the same way that private keys are used for securing bitcoin, MiraBox owners will also have their own private keys on top of the passwords which will make the MiraBox ownership unique to them. The MiraBox will also have different levels of privacy. There will be a MiraBox specifically for maintaining anonymity known as the private MiraBox. An open MiraBox will be available for normal use in the Mira platform.

MiraBoxes also come in three distinct categories which include; Nominal MiraBox, MultiBox and Smart Box. Each box is designed for a specific purpose in the Mira platform. The Nominal Box is designed for basic actions in the Mira platform. It is simple to use with a very direct set up. Basically, the buyer specifies the amount in cryptocurrency he or she requires. Mira sorts out all acquisition issues. The cryptocurrency purchased is then packaged in the Nominal Box in the form of a file which is then sent to the buyer. Mira charges a fee for this service. A given percentage of the transaction will be charged by Mira. This commission is structured in a way that it may actually end up being free or as small as possible. The Mira platform will have its own utility token. Payment of commissions in the Mira platform will be made through the utility token. Mira will have a number of programs that will make getting the Mira tokens easier for users. Users may opt to offer certain services which they will end up being paid in Mira tokens which they can then use to pay for the transactions.

There is also the MultiBox which is like a step up when compared to the Nominal Box. The Nominal Box can only support the keeping of one cryptocurrency at a time. Multiple cryptocurrencies can only be kept in multiple, individual Nominal Boxes. The MultiBox strategy was devised to accommodate more than one cryptocurrency hence creating a more streamlined structure for the platform by providing practical options. The MultiBox has more requirements for ownership or even creation of the MultiBox. User information is needed by the Mira platform. This information becomes important during the process of authentication and validation. The MultiBox service is not as cheap in terms of commission compared to Nominal Boxes but it is way below what any other platform charges. Only a 0.3% commission is charged when transacting with MultiBoxes compared to the 0.05% that is charged with Nominal boxes. Payment is still made in Mira tokens just as in Nominal Boxes. Cryptocurrency require to be packed into file in the Mira platform, for MultiBoxes, it will only allow file sizes that do not exceed more than 25MB.

Smart Boxes operate at a higher level compared to the other two MiraBoxes. Smart Boxes have Smart contracts that make them more superior to the two other Nominal Boxes. It can serve in a better way compared to the two. Smart contracts are good for creating binding conditions for any transaction. For the Smart Boxes, the smart contracts will have conditions which need to be met for the Smart Boxes to be opened or for the contents of the Smart Boxes to be used for trading; it sorts of functions like a fixed account but with less options for withdrawal. All conditions have to be met as dictated by the creator of that Smart Box before it offers its content to the recipient. It may also serve as a way of controlling the owner from spending investments before they fully mature. The commission for Smart Boxes is higher. 1.5% is charged on the transaction but this is justified as the services it offers are more specific. The 1.5% rate is also quite favorable as it is also probably the lowest in the market. The registration of user data is important in Smart Boxes. Mira plans to introduce a Smart Box laboratory in the future which will have a team of developers coming up with new smart contracts for use by Smart Boxes. The work that will be done by this team will be paid for via Mira tokens. They will get a 50% commission on the smart contract they design for clients in the platform.

Mira will have more programs for users which will increase their Mira token count. There is the ICO which will be the first place where purchasing of Mira tokens can be done but the platform will be paying users to offer services that are essential in running the platform effectively. There will be node services required which can be done by any member as long as they have a 3000 Mira token reserve. Compensation for this service will pay for the tokens kept and even help them gain more. Arbitration services may be needed in the platform which is also a token generating activity for users of the platform. The use of Mira tokens will be highly encouraged through these programs and more that are slated for the future. The Mira team will purchase these tokens from their users and burn about 25% to 35% of the tokens they will purchase to increase the value of these tokens through having a decreased supply.

The Mira platform also plans on using Mira tokens as a capital generating tool. The pre ICO for Mira has already taken place and the Mira tokens were up for sale. The pre ICO event was successful and the crowdsale is what Mira is looking forward to. Now, the crowdsale is scheduled to start on April 20th, 2018. Mira tokens will still be up for sale to the public. A number of bonuses will be given to those who buy Mira tokens earlier. Once the sale is over, no more tokens will be produced or sold through a crowdsale. The unsold tokens will be burnt to prevent any entry of more tokens into the platform that will mess up with the value of Mira tokens. All the token details including registering for purchases and how the proceeds are going to be used can be found on the official website of the Mira team which is https://miralab.io. It contains links to their whitepaper and technical paper together with a host of other significant links. You can still access the whitepaper directly through https://miralab.io/Mira_WhitePaper_EN.pdf. The platform is explained more in the whitepaper. Mira, once fully functional, will be the practical solution to purchasing, exchange and transfer of cryptocurrencies.

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