[MIRA ICO] - PRACTICAL CRYPTOCURRENCY INVESTMENT PLATFORM

Innovations come up to make the world a better place. They inspire change in different sectors of the world. Existing entities that have been there for a long time usually find it difficult to initiate change. Most of the changes that we are seeing in the world today are initiated by start-ups. Large companies even buy up these startups because they know they are the only source of new and fresh ideas that are vital in making the world a more convenient place to live in. Mira is one of those start-ups that is bringing its innovation to the world. It is going to be a useful platform that will make it simpler for anyone to invest in cryptocurrency. It could not have come at a better time. Multitudes are gearing up everyday to invest in the cryptocurrency world. There are market analysts who are predicting great returns on investment in this market sector. People are getting excited about the prospect of gaining good profits for the future. People want to secure their future in the safest way possible.

The returns that were seen in 2017 where there are some who became instant millionaires from the rise of bitcoin has attracted more people to the world of cryptocurrency. History many times repeats itself and there is hope that other cryptocurrencies will follow the same trend and increase in value rapidly over a short period of time. This has led to a lot of people making investments in a number of cryptocurrencies. This has also created a ‘market’ for conmen. There are those who have dedicated their time to dupe people into losing their hard-earned cash through giving them false information on how one becomes an owner of cryptocurrency. They even go beyond word of mouth and create actual platform which work for a few months before they disappear with money that people had thought was being used for cryptocurrency purchases. This was done in a number of exchanges where the originators of those platforms promised to make cryptocurrency purchases on behalf of their members or store cryptocurrency that their members already own. They ended up leaving those platforms with dejected cryptocurrency investors after clearing all their cryptocurrency accounts. Their actions gave cryptocurrencies a bad name as many people thought and still think that investing in cryptocurrency is just a scam. Mira is also being developed to dispel this notion that people have by representing cryptocurrency investments in good light.

When investing in cryptocurrency, where to purchase them and how to store them and transact using them are factors that always have to be considered. Most people who are coming up to invest in them usually do not have the knowledge required to do all this that is why they end up losing most of their investments. For those who know how to operate with cryptocurrency, the market does not really offer safe and secure ways for investing in cryptocurrencies. Storage facilities offered are more often than not easily compromised especially online storage options as most of them are centralized. There have been complaints by a lot of cryptocurrency owners about loss of their investments through their online wallets being hacked. Offline wallets may be a better option but even they have problems that need to be addressed before they can fully serve their users conveniently. However, these issues may take long before they are addressed leaving those who would want to buy and store cryptocurrencies at a great disadvantage.

The Mira platform is timely in its market entrance. All factors that need to be taken into consideration when purchasing, storing and transacting in cryptocurrency have been well thought out by the Mira team. Mira is building its platform on top of a robust blockchain protocol, the Ethereum blockchain. There are many advantages that Mira will have while using blockchain and more so the Ethereum Blockchain. Security and transparency are just some of the advantages the Mira platform will enjoy. The user interface of the Mira platform will be simple, easy to understand and direct. These characteristics will make it usable by anyone from anywhere around the world.

The platform is pretty straight forward even with the features that it offers. The platform will introduce a concept they call MiraBox. There are different categories of the MiraBox. They will act as containers whose primary purpose is to store cryptocurrencies for clients of the Mira platform. The method of storage is also different from other storage services currently being provided. They store cryptocurrencies in files. The amount stored in these boxes can be seen by the owner or the recipient of the box. The boxes need to be opened on the Mira platform for the owners to have access to the contents of the box. The boxes also come with different security levels depending on the type of MiraBox selected. There is the option of having an open MiraBox or having a private MiraBox. For the open MiraBox, the contents can be seen by the owner of the box and also the recipient of the box. For the private one, it conceals the details of the box only revealing whether the box has been opened or not. The contents remain hidden and only the one who created that MiraBox has information about what is inside it. The contents remain anonymous until the creator decides otherwise. All these options are provided for by the Mira platform to give a wide option for their prospective clients to choose from.

Each MiraBox will be used for a different purpose. There is the Nominal Box which is the simplest and most basic box in the MiraBox arsenal. It can be said to be suitable for those who are just beginning their journey in cryptocurrency purchases. The Nominal Box has the capacity to store only one type of cryptocurrency. If it is Ethereum you want to store, only Ethereum will be stored. If it is Litecoin, it is Litecoin only. Mira will make it possible for their clients to purchase these cryptocurrencies without any hassle. The requirement for purchasing will be to pay the required amount of money in fiat for the cryptocurrency you want and in the quantity you want it in. The convenience of Mira goes even further as they split cryptocurrency into smaller fractions which are cheaper and easy to purchase.

Mira has an option for a MiraBox that will support more than one cryptocurrency. This MiraBox is known as the MultiBox. The interface will still be as simple as that of the Nominal Box. Mira is banking on its simplicity to attract even more potential cryptocurrency buyers. For the MultiBox, users will have to undertake registration in the Mira platform. MultiBox will use the same purchasing format as in the Nominal Box. Users will select whatever cryptocurrency they want to buy, pay for it and Mira will do the rest. The cryptocurrencies bought will also be stored in a similar fashion as the Nominal Box stores cryptocurrency. They will be stored in a file format. The MultiBox will only support files up to a storage capacity of 25MB. Beyond this capacity the user will be required to purchase a new MiraBox. There are fees and commissions that will be charged for using this service. Mira will make the payments of these services also as simple as possible. There will be a token system in place that will help reduce the cost of using this platform.

Mira also has another MiraBox that will combine the MultiBox concept with the smart contract feature of the Ethereum protocol to come up with a Smart Box. Smart contracts will be receiving information from oracles and this information will determine the conditions under which the Smart Box can be opened. The Smart Box will therefore be the most flexible of boxes in the platform. It will give its creator control over the box for as long as they want to. They can be used to carry out risky transactions where trust between the trading parties is low. It can also be used as a safer form of investment especially for those who do not trust themselves with investments. They can lock them up there for a period of time of their choosing. Just as it is with the MultiBox, the potential users of the Smart Box will have to register with the Mira platform. There will also be convenience fees charged by Mira for making this feature accessible. The fee will be as small as possible and Mira will provide a token through which these fees can be paid.

Mira has a great plan that it has laid out clearly in its roadmap. This is the plan that it will use to develop its software suite. There are different stages within the roadmap where various features will be implemented until the final product can fully be realized by the developing team. As part of their plan, they have four different suites which they will implement overtime and four different platforms which will be implemented during the implementation stages of these four suites.

The four platforms include a web application, a mobile phone application, a PC application and MiraNet. Each will serve a different purpose in the platform. For the web application, it will be the primary place where MiraBoxes will be opened from. The contents that will be contained in these MiraBoxes can then be sent to their owners through the platform. There will be two different types of Mira wallets where these cryptocurrencies will be stored by the owners or recipients. The web application will also be a place where users can create MiraBoxes and sell them. Users will also have the option of sending the MiraBox they have created without even downloading them to their final owners. This will be done through the telegram platform or through e-mails.

The Wallets mentioned before are also part of the four applications that will be made available by the Mira team. The wallet for PC will have similar functions to the web application. It will be similar to the web application but just tailored for PC. Activities such as creating and selling MiraBoxes can be done using this platform. Users can also unpack their boxes on the wallet for PC. These activities will be linked such that they are reflected in the web application. This will prevent any double unpacking or any other problem that may arise from a system that is not linked. A similar application will also be available for smartphones. This is probably going to be the most widely used Mira application due to the numbers and convenience that smartphones have over PC. The smartphone wallet will be available for both android platforms and iOS.

MiraNet will be the blockchain for the Mira platform and will support the platform in terms of security and transparency. As mentioned before, the blockchain will be based on the Ethereum platform. MiraNet will be run by nodes. Mira will pick these nodes from their user base. For a user to offer node services, there are a given number of tokens that the user must possess. 3000 Mira tokens will be needed by anyone who wants to offer this service. There will be returns for the services provided. Those providing node services will receive commission depending on the transactions they have helped through their computers being used as nodes. Owning the tokens will also give users the chance of designing smart contacts which will be used in the creation of Smart Boxes. There will be a commission given for the design of these Smart Boxes. Users can gain Mira tokens through this service. They can also gain Mira tokens by helping in conflict resolution in the platform where users that have a particular disagreement pay them in Mira tokens to offer conflict resolution services.

Mira will be holding their ICO event from the 20th of April, 2018 to help them raise money that they need to come up with this practical platform. Participation of this platform can be done directly through their website which will be linked below. Other information can also be obtained from their as well.

Website- https://miralab.io/
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