Hello guys, it's been a while since I've written a review on an ICO. Today I'm going to introduce to you about po8 which comes up with a genuinely innovative idea to give information to buyers/sellers. PO8 is a blockchain ecosystem making marine archaeology and treasure hunting more inclusive and decentralized. The sea is enormous - so as the underlying treasure beneath its surface which is estimated to be 8 billion dollars. Sad to say, there are only a few commercial salvaging companies operate in the exploration of treasures while dozens of other enterprises and even the government can not take a role in it due to the high cost in conducting the activities.
we are already familiar with blockchain technology that running on in decentralization platform. soon or later it will become to be a part of human life . and it was already running on that track. the blockchain technology allows us to do many great things using this technology. In today's big business we can say that po8 is diamond.
Goals of PO8:
Building a smart contract, which enables everyone to participate in bounty tasks to recover lost artifacts or treasure and be rewarded for their contribution
Building a registry system for the authentification of artifacts on the blockchain
Building a transparent auction house for selling and buying artifacts and treasures
Applications of PO8
PO8 will come with some decentralized applications that will support the recovery and distribution of the artifacts.
Maritime Artifact Data System (MADS): This application will give everyone around the world the possibility to be part of the recovery process of artifacts. Through bounty tasks such as sonar, magnetometer, geo mapping, historical records, weather patterns, video feeds and more, participants will be able to earn tokens as a reward, which can be traded for other tokens or can be sold for fiat money.
Historical Open Auction Platform (HOAP): Through this auction platform, people will be able to sell their valued treasures on a decentralized platform without the need of a costly middleman. The platform therefore will use every advantage of the blockchain technology such as security and transparency of transactions, as well as authentification record of the artifact.
Government Artifact Auction System (GAAS): This platforms is for governments, museums or non profit organizations (NPOs), which are looking to buy and sell treasures, but also register and authenticate their artifacts.
PO8 Historical Artifact Registry System (PHARS): This registry system ensures the identification and authentification of any artifact by giving it a unique signature, which will be saved on the blockchain. Therefore this can be a revolution for the proof of authentification systems to fight against existing artifact frauds.
Token info:
token name : po8
Price 1 PO8 = 0.012 USD
Platform Ethereum
Accepting ETH
Minimum investment 0,1 ETH
Soft cap 10,000,000 USD
Hard cap 30,300,000 USD
PO8 - A Reserve Backed Token - SILVER - A Native Sub Token:
What is special about the PO8 Token is, that a part of the treasure such as gold or other metals will be put into reserve in order to ensure the value of the PO8 token. Therefore PO8 aims to be a stablecoin. SILVER Tokens on the other hand are the native sub token of PO8. They are rewarded for doing bounty tasks and are based on the number of PO8 token holders. SILVER tokens can be easily exchanged for PO8 tokens or for other desired tokens on the exchanges.
What is interesting about the PO8 project is that it is backed by the government of the Bahamas. This is quite huge, since the government for sure will not only provide monetary support, but will also provide help in solving legal issues. This makes the project very special and legit at the same time.
The idea and technology behind the po8 servicing is outstanding. Po8 team project managers and engineers are highly reputed as we notice they are dealing a huge set of launches where they are integrated into a secure communication system. The team is with a solid background who are experts on this special matter. They look like they know what they are trying to do on the blockchain. After studying all the major concepts from their whitepaper I have a high of seeing Po8 succeed as it truly has the potential to rock the market and also investing into this project won't be much challenging for major investors.
For detail information you can visit Po8 servicing's official site and read their whitepaper. The links can be found below.
Website: https://po8.io/
Whitepaper: https://po8.io/#whitepapper
Twitter: https://twitter.com/PO8Coin
Facebook: https://www.facebook.com/po8tech
Telegram: https://t.me/joinpo8
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=3494680.0
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1767745