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Review of ICO MODULE - Reasonable use of free data volume by vital-bd

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· @vital-bd · (edited)
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Review of ICO MODULE - Reasonable use of free data volume
![cover1.PNG](https://cdn.steemitimages.com/DQmUhWXPiE3xUrfQ2c6C2rfCbrnJFdqyLTGuPN5jTteMRrd/cover1.PNG)

<div class="text-justify">
Greetings to you, dear friends. Today I present to your attention such an interesting and very promising project called <a href="https://modltoken.io/">MODULE</a>!
<br /><br />
Now in the modern world, it's impossible to imagine a person without a phone or tablet. Think for yourself, we use them every day. Someone is constantly calling, someone is just playing applications, some are sitting on the Internet, others fill the phone's memory with various photos and videos. In general, the functions of these devices are quite a lot. But there are also people who use phones or gadgets only in essence, that is, for calls. And they practically do not fill the memory of their mobile phones. Now, thanks to the <a href="https://modltoken.io/">MODULE</a> platform, you can use your phone or tablet memory appropriately and get a certain income for it.
</div>

# About the project
<div class="text-justify">
<a href="https://modltoken.io/">MODULE</a> is a platform based on blocking technology designed for owners of phones and tablets that can install a special application and receive a reward in the form of tokens for the fact that for a certain period of time they will give the program access to free memory on the mobile device, tablet, and even computer. The entire process of leasing available memory is quite simple. That is, you will need to install the application on your device and then you can enable other members of the service, for example, even your friends, to store their data and at the same time get additional revenue for MODs. The amount of remuneration (ie tokens) will depend on how much you have leased your memory to another user. For the security of your data, or more precisely from the attack of hackers, you do not need to worry. Because your data is completely protected by encryption and is divided into certain fragments. A big plus is that you can develop the application and take part in the mining from your smartphone.
<br /><br />
The test launch will be held in October this year. At the end of the same year, developers are going to launch the beta version of the platform. This site can be used in such well-known industries as finance, logistics, as well as in many others, as it is based on blocking technology and this speaks for security, reliability, and transparency.
<br /><br />
<b>Here you can see a short video about the platform:</b>

https://www.youtube.com/watch?v=nXbKPr6sDhM
</div>

### Main problems:
<div class="text-justify">
<ul>
<li>To date, according to statistics in our world is sold more than 1 billion smartphones per year. There are also estimates that by 2020 about 6 billion smartphones will be used. The average memory capacity of the phone is 32 Gb., Which users do not use until the end. Multiplying the data of this statistics, we can conclude that we do not use a large number of the consolidated memory of smartphones, which could bring many benefits.</li>
</ul>

![1.PNG](https://cdn.steemitimages.com/DQmekmpbji18xkVUkgQKDPmDGuyw3n58dbWSmELXyoNA6TR/1.PNG)

If you connect also the unused memory of laptops, tablets, PCs, then you get huge numbers of free memory that can be included in the system.

<ul>
<li>Demand for the use of data warehouses around the world is very large. Starting from a different kind of business and ending with state-level institutions, where everyone needs a quick and safe placement of their data. As they say - "demand creates supply." A proposal that the Module project is ready to offer.</li>
<li>Monopolization and centralization of mining.</li>
</ul>
It's not necessary to go far. In the example, the first cryptocurrency, bitcoin, can be cited. Its major is already running at almost the monopoly level, where it is almost impossible for a simple "mortal" to go in. MODULE offers a new algorithm - PoSTT by means of which any user of the system can earn.
</div>

### Technical part of the project:
<div class="text-justify">
<b>PoSTT</b> Using the algorithm (confirmation of location, time and operation) will provide the user with the opportunity to rent out their unused memory in the smartphone. Thus, mining is included, the result of which will depend on free capacity, usage time, and the type of transactions and where they occur.
<br /><br />
<b>The Cloud Storage Network</b> is a p2p technology that will also be used by the Module. With its help, there is an encryption on the client side, thanks to which you can not count on the "third party". With its help, energy consumption is reduced, and direct payment is realized.
<br /><br />
<b>Secret Sharing</b> is another technology that the Module will use to ensure the privacy of users' information storage. This is due to the separation of a large data segment into smaller ones, which in turn are stored in different places. This technology will make it possible to use the Module module in different industries where privacy and high data security are required.
<br /><br />
<b>MODL</b> - a token that will be used for calculation inside the system.
</div>

### There are 3 types of nodes in the Module system:
<div class="text-justify">
<ol>
<li><b>Verifier</b> - separates data, requests permission for storage.</li>
<li><b>Farmer</b> - receives payment for data storage and provides a capacity where data will be stored.</li>
<li><b>Miner</b> - provides support for the block. His duties include: monitoring of transactions and SMART - contracts, generation of units, maintenance of the network.</li>
</ol>
</div>

# Procedure for distribution of MODL tokens
<div class="text-justify">
The main currency on the platform is a token, the ERC-20 standard based on the Ethereum block system. It's important to note that the pre-meeting project collected about $ 4 million.
<br /><br />
→ Token: MODL<br />
→ Token during ICO: ERC-20<br />
→ Type: Utility token<br />
→ Total emission: 15,000,000,000 MODL<br />
→ Price per 1 token: 1MODL = 0.008 USD
<br /><br />
<b>The proceeds will be distributed as follows:</b><br />
→ 40% allocated to future developments<br />
→ 30% going to marketing needed<br />
→ 30% team
<br /><br />

![3.PNG](https://cdn.steemitimages.com/DQmSEa7WgEUTLh7bEWUkf9TybYPjFDAirbS2JPC3rqukbu7/3.PNG)

</div>

# Roadmap
<hr />

![roadmap.png](https://cdn.steemitimages.com/DQmRSbUPhFKW62K84nUYhBCATVsLz4RW5CBfbD5hx8oKURB/roadmap.png)

# Conclusions about the project
<div class="text-justify">
● A large team from Japan with good experience in development and marketing, which is a big plus. The first result of the project will be seen in October 2018 - the launch of the test version of the MODL App. Judging by the roadmap, we will be able to "touch" the final draft in early 2019.
<br /><br />
● Also one of the big pluses is the company's partner ICOBox, which has repeatedly shown its professional approach in promoting block-projects.
<br /><br />
● The main idea of ​the project looks interesting and the most promising from the point of view of business, because demand in the market is huge.
</div>
<hr />

### For more information about the project and the opportunities to participate, go to the links below:
Official website: https://modltoken.io/ 
Telegram channel: https://t.me/module_project 
Twitter: https://twitter.com/MODULE_Project 
Facebook: https://www.facebook.com/moduleproject/ 
Github: https://github.com/module-project/
Whitepaper: https://modltoken.io/doc/whitepaper_en.pdf
ANN: https://bitcointalk.org/index.php?topic=4566364

<blockquote>
### MY ACCOUNT <br />
BTT Username: sujonitsmy1<br />
BTT: https://bitcointalk.org/index.php?action=profile;u=2175763<br /> 
Twitter: https://twitter.com/sujonitsmy1 <br />
Facebook: https://www.facebook.com/onnoalok <br />
ETH: 0xEF872356BA58109aCad2A38BCf6b0d445e146f53
</blockquote>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 249 others
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vote details (313)
@kowsar0099 ·
@vital-bd Interesting project, I think to buy their coins! Thanks to the author for this interesting review.
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@khalad ·
@vital-bd cool project definitely worth taking part. Thank you
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@iqbalitsmy ·
Very constructive review. many will help to determine the prospects for investment. take a closer look at the project.
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