ESSENTIA ICO REVIEW

icoratings (38)in #essentia • 6 years ago

In this article, I will try to give you information about Essentia, one of the most successful projects I have ever seen related to data security. I think that such projects are very significant, and day by day the importance of data security is better understood.

We have a lot of data throughout our lives and we record this data mainly on computers, but sometimes we can give our personal information to other people despite the risks of privacy and security. And, users may be exposed to a number of risks, such as identity and money theft, fraud, violation of the right of privacy, either directly or indirectly. In fact, we cannot be good at solving it. Even when we try to solve the security problem, we have to rely on the solutions that should not be trusted. In this case, blockchain technology comes into play. Most people now see blockchain technology as a solution to this bad condition. But this is also the fact that there is no successful platform for effective solutions. It requires a system that users, tools, and services, decentralized resources, blockchain technologies are directly and securely connected via transitional layers. Essentia, who knows these problems and wants to solve the deficiencies, has set out to provide full data security by using Blockchain technology. Essentia will use blockchain technology, which takes its place at the center of our lives as a revolution that you can safely store all your information without being connected to any center.

The main purpose of ESSENTIA is to strengthen the decentralized solutions that seamlessly integrate with users, either on-or off-chain systems, services or resources. And it aims to achieve a complete and adaptable multi-chain framework. In fact, as I mentioned above, the project wants to ensure that users act anonymously or publicly open while creating a user-friendly framework to protect their privacy, their needs, and their security. ESSENTIA emerges as the most reliable, simple and powerful way to interact with non-decentralized systems and anything that may be associated with them.

The users of the Essentia Platform will be able to share all their data (identity, digital certificate, password, etc.) with the platforms they want, and this platform will enable to prevent third parties from accessing their information and documents. On the other hand with Essentia, no one will be able to manage your own information, copying and moving them without your permission. Thanks to high encryption technology, all your data will be delivered to your service permanently whenever you want, and you will not be faced with any loss or hacking situation.

Users can manage their data and digital elements with the convenience of a consumer solution and the full power that a decentralized framework can provide. The user can instantly and securely access and interact with both on-chain and offline third-party services, protected by cryptocurrency and blockchain based systems.

User's personal data is not managed by a third party or central services. Essentia user data may be encrypted and protected on decentralized storage and may be concerned about the persistence and content of the user's data. The user's data is encrypted and cryptographically owned solely by the user, or the person to whom he or she wishes to have access and full control.

As a first and reassuring product of the project, you can try Essentia 1 via this link https://app.essentia.one/ . And I just want to mention that 15K users are already registered in Essentia.

This video will help you to learn how to register Essential 1.

ICO and Token Information

The ESSENTIA token is called ESS and is mainly managed by the ESS fuel module. The token is also based on Ethereum ERC20 standard. Tokens can be used for many tasks such as hiring additional non-decentralized third-party resources linked to ESSENTIA, payment for other goods, use of third-party resources linked to ESSENTIA, and more.

The ICO public sale starts 25th June, 14:00 Amsterdam Time. ICO price will be 1 ETH - 8000 ESS. And Hard Cap is $ 32 million. The total supply of ESS token is 1,755,313,373. ; And %40 of the total supply will be for sale. After the ICO period ends, no additional ESS Tokens will be created.

The roadmap summarizes the development of ESSENTIA from the first quarter of 2018 to the year 2020. There are three divisions: software development, hardware development, and public opinion.

I follow Essentia and similar projects carefully which value the importance of information. For this reason, I think that this project will hard cap easily. As I mentioned above, Essentia has set out to do a complete revolution in the field of data security.

Essentia has a big potential. In order to realize this fact I also advise you to read the article "10+ Reasons to Be Excited About Essentia" via https://medium.com/essentia_one/ten-reasons-to-be-excited-about-essentia-f045f7235ca7