ICO Essentia All In One Seed

in #ico6 years ago

Ecosystems based on blockchain enjoy their development and yet they lack options that would allow users to protect their privacy, data and assets. Such solutions, if found, could enable interaction of different decentralized technologies and systems and take it to a more evolved level.
The solution offered by Essentia is a complete modular framework. It empowers users giving them control over their identities, information, assets and privacy. The Essentia framework, which also serves as a decentralized operating system, can be used by humans, IoT devices, machines, etc. It is able to integrate centralized and decentralized resources and securely connect users’ and machines’ IDs (anonymous, pseudo anonymous and public) with encrypted data which are stored on decentralized resources or locally.
And although it may sound a bit complicated to an outsider, people at Essentia explain the algorithm in rather simple terms. So, the framework consists of two components: Essences and Synergies.
Essences are about users and their data. Individuals and companies, groups or organizations can become users. Their data are interlinked across various services, and make interoperability between the users possible by subIDs, permissions and smart contracts.
Synergies connect the operations linking platforms, resources and modules.
The Essentia framework can be a platform itself on the top of which developers will create all kinds of applications using the most advanced technologies of the world, and the users will certainly pay for them as these are lean and effective solutions.
The Essentia framework has a number of unrivaled advantages, and we’ll name just a few of them:

  • it is decentralized and, as a result, cannot be stopped;
  • it has decentralized IDs for humans and machines;
  • it is multi-protocol and multi-chain;
  • it is modular and scalable;
  • it is open-source and highly customizable;
  • it is supported by cryptography, so, it is secure;
  • it is private, and only users control and own their data.
    It is no secret that every decentralized system requires a coin (=a token) that would boost its further development and can be used by users to buy the main products and services within it. The token of the Essentia Framework is known as ESS; it is a ERC20-based Ethereum Token.
    The initial ESS value is set as follows: 1ETH = 15000ESS
    ESS are created to solve a number of tasks and accomplish a number of functions which will be introduced one by one according to the schedule in the Roadmap:
  • it is an antispam measure aimed at protecting users and their data;
  • it guarantees the framework’s viability;
  • it is used to pay for internal and decentralized third-party resources;
  • it is used to purchase third-party services connected to Essentia;
  • it is used to buy extra services/products/content offered on Essentia and trusted integrated decentralized third-party marketplaces;
  • tokens collected as fees will be re-distributed among token owners from time to time;
  • it provides access to exclusive products and services and also resources even for users with a minimum amount of coins;
  • it is used to manage users’ reputation;
  • it will fuel the evolution of the ecosystem and be used to reward active users for their participation and sharing of resources.





Useful links:
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Authored by: monarx

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