Market.space, a decentralized service for secure data storage, data transfer, and data distribution, is selling its tokens. The ICO started on April 16 and will last until 6 weeks, through May 27, 2018.
As there is a rapid growth in the popularity of cloud storage for both private and business users. This also at the end increase the risk of data loss and theft. As of now, there is a shortage of solutions in the market that combine the potential of distributed ledger technology, high-quality encryption, stability, and affordability at the same time. When we see the public services they are also not secure at all as all the information is stored in a central location and is not encrypted. Now when we compare the decentralized services they are too expensive to use and not as reliable.
The experts at Market.space have taken a new approach to this problem by creating a reliable decentralized storage service. Market.space is offering vetted contractors, state-of-the-art data protection technology with flexible pricing and user anonymity. The best part is that there is no middlemen, and benefits to all stakeholders.
Professional hosting providers are going to handle storing of data. That will ensure the fault in high-speed operation with the proper of security. They use professional equipment regularly and is protected from attacks, malware, and outages. To gain the right to operate within the system, contractors submit a security deposit in the MASP tokens that will be issued during the project’s ICO. When they leave the system, the deposit is returned, which is the best way to protect everything.
Clients pay only for the actual volume of data and storage duration. Clients can even choose from several offers, according to lowest price and contractor ratings. The data is also encrypted and stored in a decentralized way. Clients can use proxies, to create data backups by choosing several contractors.
There is no registration which is necessary: Wallets are used to log in.
Market.space also offers the ability to directly distribute digital content with support for copyright protection. Movie studios, record labels, photographers, educational program creators, and other content providers will be able to work directly with clients, eliminating commission costs for middlemen and bringing down the price for the final product. When a file is uploaded, a fee can be set for each download, and if necessary timestamps can establish ownership rights.
During the ICO, Market.space plans to raise $15-50 million. These funds go towards developing, testing, and launching the system, setting up the initial infrastructure, and bringing in clients and contractors.
The MASP token is based on the Ethereum blockchain, and the emission is governed by a smart contract. MASP is a functional token used for submitting the security deposit when contractors join the system. The price of one MASP token will be $0.35. Payment can be made by Visa or Mastercard, as well as in BTC, LTC, ETH, and DASH. The minimum transaction amount is $35, with no upper limit.
In addition to typical payment methods, Market.space also accept Siacoin (SC) and Storj (STORJ). They will be exchanged at the current market price for the project tokens (1MASP = $0.35). “We want people who are already familiar with decentralized data storage to be able to discover a new approach to the concept they know,” explains Market.space founder Alexander Rakhmanov.
The number of MASP tokens that can be acquired during the ICO is not limited, but there will not be any further issuance. After the ICO concludes, the token will be traded on the exchanges. Since the MASP token is necessary for the system to function, its development will support growing demand for the token and therefore an increase in its price.
Investors who acquire tokens within the first two weeks of the ICO will receive bonuses. Within the first 24 hours of when sales begin, the bonus will be 25%, then 15% for days 2-11, and 10% for days 12-14.
