Hello, cryptocurrency world. Nowadays, we are aware of the fact that we are starting to live with blockchain technology, just as the great transformation and change that internet technology has caused in the 90's. We will witness how the public blockchain network transforms human activities within a few years.
In this article, I would like to examine the MODULE PROJECT, which has collected nearly $ 4 million until now in the ongoing ICO sales.
What is Module Project?
This project is a blockchain platform that allows users to lease memory space which they don’t use in their own device. A person with a memory on their smartphone, laptop computer or desktop computer can determine and lease the amount of free memory and the length of time they are ready to rent.
With the proliferation and spread of the business, many users across the globe will be able to send their devices' memories to a large storage network with the help of special applications.
Module ecosystem will include the following types of participants: Validation / Confirmation Node - Customer wishing to use storage, User wishing to make money by renting backup GBs in the device, Node network of the miner - Smart Contract and Operations Authenticated User on the new Blockchain.
How Does the Module Ecosystem Work?
Users download the Module application and join the network as a "Farmer" Verifier. The authenticator encrypts information with the help of ECC (Elliptic Curve Cryptography), one of the most robust and trusted encryption types. After encryption, the information is divided into partitions. And each piece of data is copied and placed in a different Farmer repository.
Thus, encryption and decryption guarantee a high level of protection and information is not lost due to the fact that the information is copied in different stores. The PoSTT protocol will ensure that payments made from the verifier to Farmer and Mining are made in the form of payments called "gas".
The main issues resolved by the Module Project are:
• Memory space that is not used extensively in smartphones, laptop computers and PCs all over the world.
• Global business and government agencies need a cheaper storage space for information.
• You need to have special equipment and knowledge to participate in mining.
Although the Beta version of the platform will be released on the market in December this year, the application will officially be available in January 2019. The ecosystem of the project will allow people on the Module platform to create and publish their own applications.
MODULE App - Data Storage Service
MODULE is suitable for storing sensitive information; because the distributed storage area holds the data in many different places. It can be used to hide information that should be kept secret from others.
In particular, it can increase information security through "hidden sharing" by storing information on a distributed platform thanks to MODULE. In other words, if sensitive information is divided into pieces and stored separately, the information can not be reproduced with only one piece, but if several pieces are collected, the information can be reproduced. This Secret Sharing method will be used in BlockChain and to create a secure cloud storage area for secure storage of sensitive information.
The technique of concealing documents stored in the blockchain through the management of secret sharing keys under the project has already been developed. An obstacle to using blockchain to process sensitive information is that information about the blockchain is disclosed to the entire user community.
However, by combining blockchain technology and hidden sharing, higher security and comfort can be expected. All of these will be provided through the Module project and application. It is expected that the application will have a widespread use in the global sense.
ICO and Token Information
The token of the project is the MODL token on the ERC 20 standard and on the Ethereum blockchain network. MODL tokens can be stored in any Ethereum wallet that supports ERC20 tokens (MyEtherWallet, Mist, MetaMask, etc.).
- Token: MODL
- Standard: ERC-20
- Soft Cap: 5,000,000 USD
- Hard Cap: 18,000,000 USD
- Total Token Supply: 15,000,000,000 MODL
- Number of tokens divided for sale: 2.250.000.000 MODL
- Pre-ICO Date: 16.07.2018 -31.07.2018
- ICO Sales Date: 1/08 / 2018-30 / 09/2018
- ICO price: 1 MODL = 0,008 USD
- Banned Markets: US and other countries that are illegal.
- Accepted Currencies For The Sales: BTC, ETH, LTC, Dash, Zcash, ETC, USD (bank transfer)
You can use the link https://tokensale.modltoken.io/ to purchase MODL tokens.
Team Members
The Project Manager is Toshiki Tashiro who is an entrepreneur. He has more than 10 years of experience in the software industry, including the management of a software development company. In addition, He is still CEO of the company named System Design Works Inc.
Among the other team members of the project, there are experts who specialize in areas such as blockchain, software, marketing, advertising.
For more information, please visit links below :
Website: https://modltoken.io/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
Twitter: https://twitter.com/MODULE_Project
Telegram: https://t.me/module_project
ANN: https://bitcointalk.org/index.php?topic=4566364.0
Author:
BTT: icoview
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2127482
MEW: 0xa06D23C1Cd375947319f504cFC67D6A5bff050A8