Multiversum ICO Report – Relational Blockchain as a Service
Standard ICO Report Structure:
- Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
- Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
- Part 3: Useful Links (Further Research)
Part 1: ICO Analysis
Blockchain might just have been the greatest invention by mankind after the Internet. However, every great invention does have its own flaws. For instance, a car might take you from one point to another quickly and comfortably, but it also releases a ton of emissions into the atmosphere while doing so. With the Blockchain, the flaws are the excessive processing power, unacceptable pollution, high transaction costs and slowness when compared to current technological advancements.
There are so many cryptocurrencies out there. All these assets operate and live in their own universe and are unable to communicate with each other. To put a rest to all these problems, Multiversum ICO has proposed its own Blockchain which they proclaim to be the fourth gen Blockchain technology. Multiversum has proposed innovative solutions to the major issues with the current Blockchain. These features together make Multiversum different from the current Blockchains. The main strength of this technology is speed. This is achieved by running parallel transactions and the ability to split and rejoin the chains. This increases horizontal scalability by adding more processing power to the existing ones.
Freezable wallets –
The users will be able to freeze their wallets in case of some suspicious activities. Applications built on this platform will also have this feature. Integration of biometric data as a seed for electronic signature: Multiversum will use the users biometric data as a source of an asymmetric cryptographic key to guarantee the authenticity of the signer’s identity. This type of security will be a welcomed addition to a blockchain industry which has often been at the whims of hacks, thieves and other malicious actors without the implementation of proper security.
Proof of Integrity –
Multiversum proposes Proof of Integrity to combat the disadvantages of Proof of Work and Proof of Stake. The transaction is verified by combining random- seed challenge with the hash calculated by an external component of the software itself. This procedure requires extremely low power and hence leaves a minimum carbon footprint. Furthermore, the system is suppose to be a more secure version of the Proof of work and Proof of stake models which have been utilized by blockchain companies in the past.
Multiversum Interface –
The Multiversum team has elected to build on top of the Ethereum blockchain and will thus use the ERC23 protocol (advancement in ERC20 standard) to develop its own Versum coins. The ERC23 standard is interoperable with other chains as it is backward compatible with the ERC20 standard. It also proposes to integrate native off chain adapter for proprietary and external ERC20/ERC23 i.e. it will allow all inbound and outbound flow of its own coin to other chains and also allows the flow of coins from other chains to its own chain.
Part 2: Crowdsale Analysis – Details & Token Supply
Tokens for Sale: 141,000,000
Token type: Utility Token
ICO Sale Phase: Pre-sale
ICO Distribution: eMTV
Token Price: 1 eMTV = 1 USD
Crowdfunding Usage: The team has allocated 73% for new investors, 26% for already existing Counting House investors, and 1% of the token sale funds to token development.
Team Overview- Members and Advisers
The Multiversum team is led by Michele Orzan as Global Strategy Advisor, with Tobias Ratschiller as Advisors Director, Mauro Presicce as Advisor, Simone Costa as Operation manager and Simone Trifiletti as Crypto-Community Expert.