Essentia Will Help You To Create, Store And Access Your Digital Life
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Helo Cryptolovers... Have you been updated to the cryptocurrency market on this month? On this good day, i will give you information about Essentia - Powering the Future of Data.
First of all i want to inform you that Crypto world is like a deep jungle for many who have not grown up with Bitcoin, wallets, tokens, etc. The incredible hype around Bitcoin has raised many people’s attention. But, still, the adoption barriers for mass market users are extremely high. Just think about the cumbersome selection of a crypto exchange, the registration, selecting and maintaining a wallet, and storing and handling private keys.
First of all i want to inform you that Crypto world is like a deep jungle for many who have not grown up with Bitcoin, wallets, tokens, etc. The incredible hype around Bitcoin has raised many people’s attention. But, still, the adoption barriers for mass market users are extremely high. Just think about the cumbersome selection of a crypto exchange, the registration, selecting and maintaining a wallet, and storing and handling private keys.
As we know, Blockchain-based technologies have the power to solve the issues presented by this context. Yet in their current state, these technologies will not be sufficient nor effective until users are able to easily and proficiently interact with them. Decentralized solutions and intermediary-free services or tools are of critical importance to enable users to regain control over their freedom, privacy and what constitutes their digital “life pieces” including IDs and data.
Even if blockchain-based and decentralized technologies can lead the way out of this disturbing reality, they haven’t yet reached a mature stage. Blockchain technologies lack layers of effective solutions enabling a positive, prolific and friendly interaction for users. To be finally freed, users require intermediate layers that connect them directly, easily and securely with decentralized resources, tools and services, as well as blockchain technologies.
Essentia is the framework for decentralized data management. It creates Essences: full fledged, decentralized and interoperable containers of complete digital lives, with data and assets. These can belong to individuals, corporations or machines.
Inside Essences, users own their data, identity and communications. Third parties and dApps can easily access these data streams as pluggable oracles and developers can build on top of the Essentia framework to create data management tools, identity solutions, data exchanges, decentralized CRMs and much more.
The Problem
What if you were creating the most valuable resource on Earth, but giving it all away for free?. That’s exactly what’s happening to you, right now, with your data. Digitally collected data is responsible for generating revenues of over $1 trillion dollars annually, fueling the algorithms of giant corporations that profit from the data you serve them, every second of every day. For free.
We believe there’s a better way: a way for everyone to own and control all of their data, all of the time, and to decide what’s done with. A fundamental building block of the internet is missing, and we’re going to create it.
What if you were creating the most valuable resource on Earth, but giving it all away for free?. That’s exactly what’s happening to you, right now, with your data. Digitally collected data is responsible for generating revenues of over $1 trillion dollars annually, fueling the algorithms of giant corporations that profit from the data you serve them, every second of every day. For free.
We believe there’s a better way: a way for everyone to own and control all of their data, all of the time, and to decide what’s done with. A fundamental building block of the internet is missing, and we’re going to create it.
We want to give users, corporations and their devices full ownership over their identity, data, possessions and personal communications.
That’s why we built Essentia, a decentralized data management framework that creates a new way to interact with the web, preserving full data ownership and control. A framework that is easily integrable with any device, application, blockchain or website and which can act as the standard for how the decentralized internet is accessed.
So.. Your Problem Solved by Essentia
Nowadays, the user’s data, habits, personal informations, locations, social relations, financial details and so on, represent the best mine of value for the service providers as well as for bad actors. Machines are learning more about humans, and soon humans will be an instrument of machines, not viceversa. In such a quagmire where the users are left blind and without any compass, they are also exposed to a myriad of risks directly/indirectly connected to their interaction with the available technology and IT solutions.
With Essentia, the user can always have in his pocket this tool to interact with decentralized resources and, through them, with the traditional ones too, while maintaining the complete and exclusive control over his identity, digital life and personal data and therefore solve these problems.
With Essentia, the user can always have in his pocket this tool to interact with decentralized resources and, through them, with the traditional ones too, while maintaining the complete and exclusive control over his identity, digital life and personal data and therefore solve these problems.
Essentia Apps Demo
The client’s information can be scrambled and kept up on decentralized capacity, expelling any worries with respect to steadiness and substance of the client’s information. Clients’ scrambled information isn’t openly associated with their IDs. Information must be cryptographically gotten to and utilized by its proprietor and by whom the proprietor chooses to give access and halfway or full control to.
With the Essentia framework, the users’ IDs, data, desktop, files, accounts, software, wallets, logins and so forth, are not managed by third-parties or centralized services. They can simply follow the user and always be fully accessible and used from anywhere, in a trustable operating data environment. Protected by cryptography and blockchain-based systems, the user is able to instantly and securely gain access to on-chain and off-chain third-party services and to interact with them. In each instance, deciding whether or not to share information or data.
The user’s data can be encrypted and maintained on decentralized storage, removing any concerns regarding the persistence and content of the user’s data. Users’ encrypted data is not publicly connected with their IDs. Data can only be cryptographically accessed and used by its owner and by whom the owner decides to give access and partial or full control to.
Essentia Intial Token: ESS
Every decentralized system requires an access token of some sort to fuel it and to enable the purchase of core goods and services, and Essentia is no different. ESS is the name of the token that powers the Essentia Framework, and it does a lot more than simply pay for stuff, but we’ll get that in a sec. First, let’s start with the basics. The Essentia token is:
Every decentralized system requires an access token of some sort to fuel it and to enable the purchase of core goods and services, and Essentia is no different. ESS is the name of the token that powers the Essentia Framework, and it does a lot more than simply pay for stuff, but we’ll get that in a sec. First, let’s start with the basics. The Essentia token is:
- An ERC20 token that operates on the Ethereum network
- Fungible (i.e each token has the same worth and is interchangeable)
- Used to pay for additional services and features
- Exchangeable for ether and other cryptocurrencies
Roadmap
In the Roadmap, we have outlined the Essentia’s development starting from the Q1 2018 and up to the year of 2020.
For your convenience, all the changes and plans are divided into three parts: software(SW) development, hardware (HW) development and public (PUB).
Token Distribution
Today we are excited to provide further details on our coin offering and ESS token distribution. This is the first of many announcements to come so please stay tuned for updates in the coming months.
We’ve been amazed with the incredible response to Essentia over the last few months. We greatly appreciate the thoughtful feedback and advice we’ve received from our community. We are pleased to set our Crowdsale Hard Cap at $32 million USD. The token distribution will be as follows:
60% to crowdsale
10% to founding team
10% to advisors
10% as project reserve
5% to team and developers
5% to bounties and promotions
Of which
3% for referral payouts
0.8% for airdrop
1.2% to bounties
Token Information :
Token Name : ESS
Hardcap : $32 million USD
Token Type : ERC20
ICO Price : 1 ETH = 8000 ESS
We only accept ETH, we will fix the ETH/USD and exchange rates based on the price of ETH on GDAX at the moment of the start of the first phase of our ICO.
Tokens distributed to the team and developers will be locked for 18 months with a 6 month cliff. Depending on each case , tokens distributed to advisors will be locked between 6 months and 1 year.
Token Name : ESS
Hardcap : $32 million USD
Token Type : ERC20
ICO Price : 1 ETH = 8000 ESS
We only accept ETH, we will fix the ETH/USD and exchange rates based on the price of ETH on GDAX at the moment of the start of the first phase of our ICO.
Tokens distributed to the team and developers will be locked for 18 months with a 6 month cliff. Depending on each case , tokens distributed to advisors will be locked between 6 months and 1 year.
Conclusion
Essentia Now is starting its Official Bounty Program in order to reward its supporters. 1.2% of the total tokens generated during the crowdsale (5.46 Million ESS, equivalent to 910 ETH) will be assigned to the Bounty Pool. The program will run until the end of the Token Sale. The bounties will be paid within 30 days after the end of the Token Sale.
For More Information about Essentia, please visit:
Website: https://essentia.one/
Telegram: https://t.me/essentia_one
Twitter: https://twitter.com/Essentia_one
Facebook: https://www.facebook.com/essentiaone/
Whitepaper: https://essentia.one/whitepaper.pdf
https://bitcointalk.org/index.php?action=profile;u=994438;sa=summary
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