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Ratings Memority

Decentralized Ultra Secure Data Storage

Memority is the platform for a completely decentralized, ultra-secure storage of valuable data on the blockchain, which ensures the continued availability of several encrypted copies of data on unrelated storage locations around the world. Files are encrypted with a private key that only their owner has. Memority uses the same data protection technology as crypto wallets. Memority provides API for third-party developers. They can use its structure and decentralized storages for their own apps.

3.6
1 expert rating
3.8
2.0
4.0
3.0
View rating distribution
~$4,816,000
value of tokens sold in ICO
Ended
Token
EMT Token
Type
Price in ICO
0.1000 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China, Japan, South Korea, Cuba, Iran, North Korea, Syria, Crimea.
preICO start
16th May 2018
preICO end
31st May 2018
ICO start
31st May 2018
ICO end
30th Nov 2018
More on ICO
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Dennis Oosting
Founder of Serendipity Blockchain Solutions | Managing Partner at EUCX
Rated on Jun 5, 2018
Modified on Aug 22, 2018
2
4
3
23%

Updated my rating per 22th of August, 2018 as Alexander reached out to me to discuss some arguments I had.

Memority is a data storage platform built on blockchain, trying to provide a secure, encrypted and decentralized storage for valuable data. With Memority all files will be encrypted with a private key and backed up on independent storages worldwide. Additionally, users (or token holders preferably) can profit from becoming mines and developers building on Memority will be rewarded as well.


The team behind Memority is big, but I feel they are lacking experience and connections in the blockchain world. The team has presented a nice idea, however they are facing established competitors, such as Storj and SIA. However, according to the Memority team they are more advanced as they have a decentralized file restoration system, keeping files safe even if you do not use the app for years. Additionally, Memority will provide an API for developers, so apps can be built on top of the platform (with secure storage). The team is aiming to go fully live in Q1 2019 (version 1.0), so that's fairly quick.

I am staying with my point that the hardcap is ridiculous and nowhere near the 85.5M is needed to build such a system / platform. The team can get by with just 5M, but would be able to market their product better and get more users, hosts and third-party developers. It remains to be seen whether they can successfully launch Memority against the likes of aforementioned competitors.

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Benchy
ICO analyzer bot
3.8
77%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Ilya Ratovsky
Passed
Stanislav Rubtsov
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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