Module Blockchain Reaches Soft Cap, Gears Up for Further Development
Originally published on: CoinSpeaker
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October 23, 2018
The founders and the team would like to express their heartfelt gratitude to the project’s community of users and backers for the trust in the company’s vision and abilities.
Module aims to fully democratize the blockchain community by making crypto mining and cloud sharing easy and accessible. The project takes advantage of unused digital storage space available on the millions of mobile and IoT devices used around the globe, and puts it to work mining cryptocurrency and offering a P2P cloud data storage service.
The ecosystem is driven by their MODL tokens which are also awarded to users based on the amount of space they share, the length of time the space is used, and the number of transactions checked.
The platform will also offer an revolutionary new type of cloud-based data storage featuring client-side encryption known as “secret sharing.” This enhanced fraud protection is possible within the ecosystem because sensitive information is encrypted and divided into fragmentary pieces of information that are then stored in a multitude of separate places on mobile devices.
The truly decentralized nature of Module means that the company is creating a truly open system that virtually anyone in the world with a mobile device could participate in. It will allow users to build their own DApps (decentralized apps), and at the same time offer a two-pronged solution for market professionals who need to create smart contracts while being able to organize a data warehouse for a fraction of the cost of traditional cloud storage.
Reaching soft cap is one of the major milestones for any ICO project, and Module is not an exception: it is the result of hard work on the part of the project’s team, following the start of the private MODL token presale in May, the launch of the public ICO, and the MODL token listing at the BitoPro exchange on August 8.
Securing the soft cap signifies that the minimum funding requirements have been met, and the team can continue the development of the Module blockchain as planned, while working on increasing the value of Module as a project.
Daria Generalova, co-founder of ICOBox, the global leader in ICO services supporting Module in their token sale, was very optimistic:
“The fact that the company was able to reach their soft cap in the difficult realities of today’s cryptocurrency market shows that their idea is truly viable and is resonating with the users. Ultimately, any project conducting an ICO is seeking a community of people interested in using their future product, and it appears that Module is well on its way to achieving this goal.”
Find out more about Module at modltoken.io.