Upcoming ICO: ‘MOM’ is the word as Multiven announces ICO
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The Multiven platform, MOM (Multiven Open marketplace) is a blockchain based system which uses peer-to-peer technology. On it, new, preowned and decommissioned IT hardware and software can be purchased and sold using the platform’s sole cryptocurrency, MultiCoins.
Due to be launched imminently, the MOM technology aims to simplify processes involved in the global IT arena, a marketplace believed to be valued at $3 Trillion.
The decentralized software and integrity maintenance offering removes the ‘middleman’, bringing down costs associated with purchasing and selling computer and networking equipment.
Future proofing nodes
Because of the rising popularity in Bitcoin, Ethereum and other cryptocurrencies, Multiven believes that an adverse reaction in the form of cyberattacks against a network of blockchain nodes (network connection points that receive, store and create data) is inevitable.
Multiven says that some powerful entities like governments and financial corporations are growing in hostility towards decentralized cryptocurrencies and that an attack to ‘silently choke’ Bitcoin nodes is inevitable. This would force centralization of active nodes and ultimately ‘undermine the Bitcoin network’ it says.
Multiven’s vision is that through providing security mechanisms, the integrity of cryptocurrencies will be upheld and fewer attacks will be likely.
As a result, a percentage of the proceeds from the ICO will go towards piloting ‘blockchain marketplace development’, as stated in Multiven’s whitepaper, to help secure nodes in the blockchain ecosystem.
An excerpt from Multiven’s whitepaper states: “As the world’s first and only, apolitical and independent provider of decentralized software integrity maintenance and cyber-defense services for all Internet networks, irrespective of the underlying hardware and software, Multiven is firmly aligned with the freedom, transparency and socio-economic empowerment that Bitcoin and other public cryptocurrencies, represent to mankind and is hereby taking steps to secure their future by fostering further decentralization of full Nodes into space, while hardening all Earthbased Nodes from cyberattacks.”
Due to begin on the 8th March with a softcap of $25M, 2 Billion MultiCoin tokens will be supplied in the ICO which is managed by Chaineum.
60.5% of the funds raised will go into a reserve account (the Mulitven Foundation reserve) which will fund the bitcoin Node-in-Orbit program.