I don't get the concept of your project, I take that it aims to establish a secure data transfer by utilizing blockchain? Like... you facilitate me to send files or images or things like that to my coworker and/or simply to my friend? And it'll be guaranteed hack-proof?
it is also not clear how are they going to implement their objectives here. how are they going to return the data custody to users? i just hope this is not another masternode project trying to milk those masternode buyers and presenting an innovative concept that in reality, is hard to execute because they can't get sufficient number of users on board.
Thanks for the feedback. Our company has always been about data custody and giving users greater control over their data. In fact we built our patented technology on that principle with our TackApp and Multi-factor authentication. However, our aim was to continue to develop and adopt new technologies to ensure that there could be custody and control with accessibility and portability. People want to get and move their data and we want to help them manage that process.
We are now utilizing blockchain technology to help secure a distributed and decentralized network to further move away from centralized control of data while still making it work for the user with many of the benefits they see now. Our process has always been evolutionary to work towards ultimate data custody for users whether it be consumer or business. In fact, weve devised our proprietary SOAP process to Secure, Organize, Authenticate, and Protect data. Were using the Masternodes to secure the network and were opening them up to the public and partners because we want community participation.
We could operate all the nodes ourselves, but we want to ensure decentralization.
And we know how to get users in our ecosystem. If you read the white paper youll see we already have products with 7-figure user adoption across our 7 applications including mobile, desktop, and web. More products will come powered by blockchain and IPFS.
thanks for that elaborate answer. you have been in the industry since 2012, so i would presume you can get big whales to invest on your project. as
pinoycash already mentioned, you can get angel investors/venture capitalists instead. you have so many patents under your name already. so you have good credentials to offer. also, why venture in the masternode business? masternode projects have bad reputation already because many of them are mere pump and dump projects and abandoned by the devs.
Weve examined a variety of different technologies and have spent a great deal of time to ensure we found protocols that delivered our vision and supported our existing technology.
Why Masternodes for?
1. We wanted to ensure decentralization of our network offering. Giving users, partners, and customers data custody without centralized control is important for our vision of data
2. We like the technology and it works well with our SOAP process. Tokens are core to the operation of the process and we find the PoS utilizing Masternodes as a good option to help us facilitate that.
3. Its a good way for people to participate at the right level. If you look, the rewards structure is built to support our network for the long-term and ensure partners are in there for the long-haul. We have also created a tier structure to allow for entry level participation to support the network. You are right, there have been some people who have abused the Masternode system, just as there are those who have done so with ICOs and even those in the stock market. But, as you pointed out, we have patents and a strong team, all with reputations they have earned with hard work over the years. That means something to us and we hope to the rest of the community, so it should give confidence that we are going down this path with good intentions and because it is the right solution for our product and company.