MODULE - The Cryptoeconomic Ecosystem on A Decentralized File Storage Network

PRESENTATION

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, MODULE, a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, etc. as an asset has arrived.

Before I take you on this voyage, please check out this video presentation

Now that I have your attention, let’s get right to it.

What exactly is MODULE?

MODULE is a blockchain-based platform designed to utilize the free storage of smartphones, PCs, servers, etc. as an asset. Using the MODULE platform, one will be able to participate in mining even from a smartphone. Servers and enterprises can also participate in mining.

MODULE employs a new transaction approval algorithm. It is a new technology platform that enables everyone to participate in mining, even from a mobile device. In addition to building DApps, users will also have the ability to issue new currencies on the platform. Module’s consensus (mining) algorithm makes it possible to earn rewards by lending out storage space. As the storage capacity of devices progresses and expands, one can expect the various services offered to expand. In addition to issuing new original coins, users will also be able to develop Dapps (decentralized applications) on the platform.

MODULE AS AN DAPPLICATIONS PLATFORM

Module makes it simple for developers to build and deploy blockchain datastorage applications.

Gain access to Module’s solutions, which enable, you to store and manage your data privately, securely, independently and quickly.

Your data assets are stored at a blockchain address, which is fully controlled by you – the only person who can access them.

Take advantage of our platform’s Secret Sharing concept. Rent space and start mining – it’s easy with Module.

Use blockchain for fast deployment of your own service, pay for data, data storage and transfer services.

Use tokens to pay for system integrity and award miners, send payments to developers and contributors, support scientific labs and universities, create affiliate and loyalty systems etc.

FEATURES

MODLAPP PRODUCT DEVELOPMENT

Internal testing will start from October 2018. The beta version will be distributed to users in December, after the completion of testing. The official release in Google Play and App Store is scheduled for January.

THE VALUE OF THE MODULE PLATFORM IS PROPORTIONAL TO THE NUMBER OF DL (USERS)

One of the features of our project is that a token holder = MODL user. The beta version of the MODL application will be distributed to the users who purchased a MODL token during the ICO. The more activity on the application, the more value of MODL to be distributed. Influencers will be used to propagate the App and acquire users. Press releases will begin in the Asian region from August 2018.

PLATFORM OPERATION

The goal is to develop content in which users can participate, such as advertising models and crowd funding. The release of unique content will improve user satisfaction.

EXPANSION OF THE TOKEN ECONOMY (ECONOMIC SPHERE)

MODL will expand user content and bring platforms to the world, thereby acquiring Module’s commercial area.

The Ecosystem Module

Module is a platform where any user of a smartphone, tablet or personal computer, having installed the appropriate application, will be able to earn tokens by allocating a certain place in the memory of his device for a certain period of time. This location will be involved in a cloud storage network for encoded information provided for storage by desirous based on p2p (equal to equal) smart contracts.

Despite the fact that the distribution of content is planned around the world, the emphasis is on the third world countries, for whose residents even small amounts of additional earnings play a significant role. Testing the beta version of the application is expected in October this year. Due to blockchain security and distribution secrecy, the MODULE application can be used in the field of Finance, logistics and other areas related to official documents.

With the expansion of the number of participants, it is expected to provide opportunities for everyone to develop their own blockchain applications. The existing smart contracts and secure blockchain will also allow startups to launch their own ICO (initial coin placement)

The Ecosystem Participants

The unique Protocol PoSTT (proof of space, time and transaction) – confirmation of space, time and transaction - allows customers to pay for the storage, data transfer tokens of the ecosystem in proportion to the amount of memory and time for storage, the number of transactions. The following nodes are involved in the process of storage formation for rent:

Verifier-a node that needs a place to store its information, in other words, the client.

Farmer – a site that provides a free memory for hosting the data and making these coins.

Miner-node confirming transactions by smart contract by creating new blocks in the blockchain.

The linking server is located separately from the blockchain and is designed to connect the farmer and verifier, control the network and blockchain, as well as store metadata and select the farm network, which is based on the calculation of the location of the closer device.

The Principle of Operation

ESS cryptography is a method based on the use of an elliptic curve over a finite field. The ESS needs a smaller key to provide greater resilience than other systems. Using this method of encryption, the verifier encodes the information and divides it into several fragments, which are randomly distributed to save to farmers. For additional protection, the encrypted fragments are copied repeatedly. The connecting server sends to the verifier the data of the farmer for the transmission of the coded fragment preserved in exchange for the tokens in accordance with the smart contract.

For calculations as a result of transactions, users pay a fee depending on the load on the network. The consistency of this Commission is indicated in units called "gas".

The Advantages

Safety and lower costs

Tracked mining fee

Efficiency thanks to smart contracts

Great potential for development and expansion

High protection of information from hacking and loss

The Module MODL Token and ICO Details

MODL (Ethereum ERC-20 token) is a utility token in Module's cryptographic economy, where Module consumers can pay and producers can earn.

Token Details

Token Name: MODULE

Token Symbol: MODL

Price token: 0.008 USD

Platform: ERC-20

Accepted Currency: ETH

Sale amount: $4 101 686.00

Soft cap $5M

Hard cap $18M

PRESALE

16/JULY/2018 12:00P.M(UTC)

1MODL COSTS 0.008USD

PUBLIC SALE

1/AUG/2018 12:00P.M(UTC)

1MODL COSTS 0.008USD

Token and Fund Distribution

ROADMAP

May 2018
Management of the token sale
Participation in Consensus 2018
Start of Module platform development
Start of MODL App development

July 16, 2018
Start of presale

July 31, 2018
End of presale

August 1, 2018
Start of ICO

September 30, 2018
End of ICO

September 2018
Listing on exchange
Start of development of the Secret Sharing service

October 2018
Building of mining server
Testing of MODL App beta version

November 2018
Testing of Module platform

December 2018
Start of Module platform operation
Distribution of MODL App beta version

January 2019
MODL App in Google Play and App Store

Meet The Amazing Team

Advisors

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://modltoken.io/

Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf

One Pager: https://modltoken.io/doc/onepager_en.pdf

Facebook: https://web.facebook.com/moduleproject/?_rdc=1&_rdr

Twitter: https://twitter.com/MODULE_Project

Telegram: https://t.me/module_project

LinkedIn: https://www.linkedin.com/company/module-project/

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.