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Upcoming ICO: Essentia to launch ICO to support interoperability platform

By:
on Apr 26, 2018
Updated: Jun 1, 2022
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The ICO will run for 15 days, ending on May 15, and the team hopes to raise $30 million (approx. £21.8 million) in Ether, Ethereum’s native currency.

The platform’s native currency is called Essence (ESS) and one ESS equates to $0.046, or 0.00007 ETH.

FAQs

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  • What is Essentia?
    • Essentia is the trustless modular framework allowing users to operate with their digital decentralized identities and data by creating their operating system with on-chain capabilities that can be accessible from all the devices in the world. It empowers users with the full control and ownership of their data, IDs, information, privacy and assets, while being applicable in every device in the world, dApp, blockchain and third party service that an user wish to control in a decentralized manner.
  • How is Essentia different from Civic, The Key, SelfKey, Remme, or uPort?
    • Essentia Identities don’t require any centralized app, email or phone number. The examples mentioned do. In Essentia you just sign and verify messages to handle authorizations and you can use it from any device, UI or even command line. Doing that in the examples mentioned is not possible.
  • What are the key features of Essentia?
    • Full ownership and control over your own identity, digital life and personal data
    • Minimum piece of information that the user/machine needs is just his seed. The whole framework or just parts of it can be always loaded/bootstrapped from the seed, that can be safely stored on the hardware-key too (keyware)
    • Anonymous, pseudo-anonymous and real-world-compliant IDs and subIDs at your fingertips
    • Solving the problem of having any intermediary own or view your data
    • Ability to operate with multiple blockchain under one ecosystem, but keeping everything decentralized and in your full control
    • Ability to keep everything decentralized, but under one ecosystem only
    • Ability to keep everything private related where desired, by seamlessly creating sub IDs when needed
    • Making the accessibility easy to users that wish to utilize decentralized systems and technologies, by Essentia integrated modules and dApps Store
    • Integration with native Essentia hardware devices, to improve security and relate the digital to the physical world
    • Smooth private login, interaction and interoperability to multiple blockchains, third party services and decentralized applications
    • Dedicated and expandable open-hardware machines able to run the whole framework or just part of it, if not just a standalone module like a full Ethereum node

For more information, please refer to Essentia’s whitepaper


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