Memority Brief Review

What is Memority?

The new platform is a blockchain based cloud storage platform. They state in their whitepaper that they plan to target both businesses and individual users.
Data security will obviously be enhanced as the only way to access the data will be with the users own private key.
The whole system will be decentralized, with users rewarded for helping to store content with the platforms new MMR tokens.

There are 4 types of users in Memory:
The owners of the data: They use Memory to store information, paying for services with MMR tokens.
Hosters: Provide memory for their devices to store data. The host can be both the owner of the data.
Miners: Provide computing power (based on the algorithm Proof of Authority) to support the platform and get a reward for it in tokens MMR. The maximum number of miners is only 10 000, so if you want to participate in the development of the project and earn — hurry.
Third-party developers: Use Memory to create your own solutions.
The Advantages of Memority

The new platform offers many advantages to those wishing to store data, a full list can be found in the Memority whitepaper, with just a few of the main ones being:

Decentralization of storage: One of the main problems with the current cloud storage market is that the storage is completely centralized, this obviously creates potential security issues, the Memority platform will help to decentralized this process and store files all across the globe.

Multiple copies: The new platform will store multiple copies of files to further increase security, they aim to store 10 copies of all files that are uploaded to the network.

The new platform will also users to store data for free, they'll receive credits if they're helping to store others files.

Hosters on the network will receive 90% of the payment for helping to store data, this should obviously attract a lot of people to the network.

The MMR Tokens are the universal currency token to be used in the platform, it is to be use for making any transactions,means of payment as a reward to the operators.

The company’s platform intended to roll out its tokens sale starting-date May 31, 2018.

The ICO will be active for a period of one month. The company plans to end its token sale on June 30 2018 or if its target funding is achieved.

The soft cap target is $ 5,000,000 USD while the hard cap target is $ 85,500,000 USD.

Memority’s platform is based on ethereum tokens and individuals are required to use ethereum to buy the Memority’s tokens. The initial cost of the ICO token is set to be 0.1 USD.

What I Think
The Memority platform aims to provide decentralized and encrypted sophisticated applications for the secured storing data of any type based on blockchain technology.

Memority provides tools for development of third party applications while rewarding developers in the process which gives them an edge over other existing platforms.

For more information, please visit links bellow:

Whitepaper: https://memority.io/docs/whitepaper_memority.pdf
Website: https://memority.io/
Telegram: https://t.me/memority
Twitter: https://twitter.com/frvrty
Facebook: https://www.facebook.com/mmority/
Author: https://bitcointalk.org/index.php?action=profile;u=1230839