Memority

Memority

Created using Figma
Created using Figma

Last Update

Jun 15, 2018

Memority is the first self-contained platform for perpetual, entirely decentralized data storage on blockchain.
ICO
Oct 20, 2018
Dec 31, 2018
75% completed
Raised funds - no Data
121
ongoing
  • 1 EMT
    =
    0.1 USD
Pre ICO
Aug 15, 2018
Oct 15, 2018
100% completed
Raised funds - no Data
121
Goal 5 000 000 USD
Cap 5 000 000 USD
past
  • 1 EMT
    =
    0.083 USD
Token Details
Total supply
1,500,000,000
Token Distribution
53% - main ICO
4% - Pre-ICO
15% - team
15% - seed investors
10% - reserve fund
2% - bounties
1% - early miners
Accepted Currencies
ETH, BTC, LTC, FIAT
Company Details
Registered Company Name
Memority
Registered Country
Estonia
Bonus Structure
Pre-ICO - 20%
ICO 31 May-30 June - 15%
ICO 01-31 July - 10%
ICO 01-31 August - 5%
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
KYC
Yes
Restricted Countries
China, Japan, Cuba, Iran, South Korea
Categories
Platform

About Memority

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

Data security is ensured by encrypting the file when it is loaded into the system with a private key, which is stored only by the data owner. Access to the content of the data is possible only with the help of this private key.

Unique hash identifiers of data are stored in a blockchain database, so it is impossible to delete files, to forge them, or to forge information about storing files. All above mentioned allows unprecedented files protection from deletion and forgery. The motivation mechanism for hosters (people who provide a physical memory of electronic devices for data storage) is aimed at connecting as many ordinary computer users as possible with the system to maximize the
number of independent repositories. Such a system will function with user data protection even if there are no more developers of platform-based applications, developers of the platform itself, or up to 90% of hosters are lost at the same time. Full self-sufficiency, the built-in self-cleaning mechanism and the decentralized nature of the functioning allow the system to exist and work for many years without outside management. The work of Memority is based on its own MMR tokens, the transaction history of which is also recorded in blockchain. The payment functionality is provided by the system of smart contracts, which protects interests of all system participants and  constantly cleans the platform from unnecessary files.

The data owner can provide space on his device, thereby gaining the ability to store his data free of charge. This possibility is directed, among other things, to expanding the network of hosters, by including ordinary users in the system of computers.

Memority API allows third-party developers to create desktop and online applications for decentralized encrypted storage of various types of data without a lengthy investigation into the technical details of blockchain technology. Developers are rewarded with 5% of payments for all stored files uploaded through their applications.

The creation of new applications will trigger the popularization of Memority, and an even greater influx of hosters and users, which will positively affect the work of the platform.

Miners receive MMR tokens reward for ensuring the system is operational. Between all the miners who participate in the creation of the block, 5% of the payment for all files, entries of which are contained in the block, is distributed.

The platform uses Proof of Authority, so the computing power is irrelevant to the process of blocks creation and will not increase with time. This is substituted with miner’s authority that they prove by having a large stake in the system. Therefore, a limited number of tokens is issued, and mining commissions will be charged when paying for file storage.

Token investments and the token cost are protected from inflation. This is achieved by limiting the number of tokens and rewarding all participants in the system. In its turn, this will popularize the project and increase invectores’ profits in the long term perspective.

Features

Storage decentralization

Creation of several file copies in independent storages

High payments to hosters for providing space for users’ files storage

Decentralized process of file copies checking and restoration

Storage protection from cluttering with useless data

Anonymous cryptocurrency as means for storage payment

Interface for third-party app developers

Material rewards for third-party app developers

Data encryption with a private key that only data owner has

Free data storage availability

Complete anonymity

Storage safety and files restoration independent from file owners

Complete independence from centralized systems

Files’ hash-codes storage in blockchain for data authenticity verification

Technical Info

The Memority system operates on the basis of EVM (Ethereum Virtual Machine) using a new algorithm of PoA (proof of authority) consensus. This approach allowed us to multiply the network speed and reduce the computational cost of maintaining its performance.

The choice of EVM is the result of the following factors:

1. a vast community of developers who are constantly developing this blockchain technology;

2. the possibility of using our own private blockchain network, which allows us to be independent from the market rate of Ethereum (which would significantly affect the cost of recording transactions in the blockchain system);

3. the availability of ready-made EVM tools for solving Memority tasks.

Encryption of files is provided by the algorithm: cryptography, Fernet (AES-128) - https://cryptography.io/en/latest/fernet/ and https://github.com/fernet/spec/blob/master/Spec.md
Keys generation is provided by a mechanism ecdsa.
The local database is built on the technology SQLite + sqlalchemy.
The graphical user interface (GUI) is built on the basis of PyQt5.
Interaction with Ethereum is conducted through web3.py. Interaction between users is implemented via aiohttp.

Memority Roadmap

  • 2016

  • The idea of Memority was born.
  • May 2017

  • Memority platform development Start.
  • December 2017

  • Closed Alpha release.
  • April 2018

  • Memority Open Alpha release.
  • Read More
  • May 2018

  • Users feedback collection.
  • July 2018

  • Beta release.
  • August 2018

  • Memority platform 1.0 development Start.
  • Q3 2018

  • Client application optimization.
  • Q4 2018

  • Platform architecture optimization.
  • March 2019

  • Memority platform 1.0 release.

Activity

Activity:
33
VERY LOW
Posts:
193
LOW
Views:
2 141
LOW
Activity:
33
VERY LOW
Merit:
0
VERY LOW
Posts:
11 645
VERY HIGH
Views:
70 256
VERY HIGH
Users:
1 241
VERY HIGH
Posts:
556
VERY HIGH
Followers:
44 780
VERY HIGH
Likes:
44 744
VERY HIGH
Rating:
5
VERY HIGH
Followers:
1 325
LOW
Tweets:
428
HIGH
Fake Users Detected:
29.58%
30 Days Growth:
-42
Members:
9 703
HIGH
Investors Detected:
18.84%
30 Days Growth:
-506
Alexa

Rank:
3 197 622
VERY LOW
Delta:
2 776 784
Year commits:
247
Watchers:
5
Stars:
5
Forks:
3
Open issues:
0

Materials

Team

Verified 100%

CEO
verified
CTO
verified
PR Manager
verified
Head of Legal Department
verified
Marketing Manager
verified
Blockchain Developer
verified
Blockchain Developer
verified
UX/UI Designer
verified
Java Developer
verified
QA Engineer
verified
Swift Developer
verified
Backend Developer
verified

Advisors

Verified 100%

Business Advisor
verified
Financial Advisor
verified
Advisor, Co-Founder at Pinxter Digital
verified
Business Development Advisor
verified
Blockchain Advisor
verified

Memority Interviews

Ilya Ratovsky
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Memority - is a revolution in data storage.
You can store data and files safely in decentralized network with no single point of failure.
The most important is that nobody can see, remove or change your data.

Our difference from other companies who tried to make something like that - we already launched working alpha version to public.

Checkout it on our website.
Stanislav Rubtsov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
It is great opportunity to take part in such interesting and novation project with amazing team.I'm sure we are changing the way files stores on the web.
Alexander Pivtorak
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
This is the most reliable storage service currently available. And completely decentralized, too, unlike competitors. I believe it will revolutionize the whole data storage market.
Vladimir Marchinskiy
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
...
Vitaliy Minyaylo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
The model of decentralized encrypted data storage offered by the developers of Memority allows to ensure the security of data storage of the highest level.
Andrew Vityk
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I'm developing a desktop application.
The idea is really good. Important information should indeed be stored in independent decentralized storages.
Alexander Petrenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
It's excellent project)
Oleh Reshtak
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I helped the team in developing and creating product design
Alexandra Andriyishyna
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I’m Java and Android developer in Memority team.
The idea is interesting and I’m glad to help this project to go live.
Alexander Kalmykov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Hi! I am a QA engineer in this team.
Memority - is a great platform for decentralized data storage, I’m excited to be a part of this awesome team.
Eugene Harkavenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
IOS Developer
Michael Dvornichenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
This is the great platform for storage of your important data on the blockchain. Memority have the most professional team of developers from those with whom I have worked over the years of participation in startups.

As a platform user, I personally plan to store my most valuable data on it.
Denys Saprykin
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As financial advisor with extensive experience in banks and e-commerce I can tell that the idea about decentralized data storage is great and can be integrated to almost any business.
Memority - is a great platform and the most important that the team already have working product and proof of concept.
Dmitry Semiryazhko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I am very exited to be an adviser of this team, thank you and good luck!
Alexander Shulga
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Memority - is a revolution in data storage and as a specialist in e-commerce i can recommend this platform for storing important files.
Eugene Kuznetsov
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Code review of smart contracts.
Recommendations for improving information security.
Tips for implementing blockchain.
Alexey Kostenko
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I program product tasks

Last News

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