What does everyone, or most people, know about digital currencies? That they are possible investment opportunities and a way through which remittance can be made. Aside from that, there is not really much that is out there. This is however expected. Cryptocurrencies still have a long way before they can reach their peak performance. Their growth stage is positive with more people accepting the fact that virtual monies are here to stay and can provide a great alternative to the fiat system that the world is used to. More opportunities are there for virtual currencies to exploit, however block chain technology will continue to advance and new project will spring up. Today am gonna share a project that is called datum
Datum is a decentralised blockchain based platform that will give back users control and privacy over their data and will allow them to be able to trade this data for the Datum tokens in the Datum Marketplace. With this platform, it eliminates the possibility of data brokers to siphon users data without their knowledge and he or she will be able to have a share out of the funds generated from the sale of his or her Data.
In contrast with the sayings above about the security, the Project DATUM offers you a fast decentralized data store and allows users to store their data in a secure way on a smart contract blokchain. With the help of this project, a lot of data created by individuals or organizations for interacting on social network or uploading personal files can be protected by its originator. Thus, Datum allows you to retake the control over your own data on various websites and services. Thanks to this project Datum, not only you will be able to preserve your data but also you have the chance for deciding what to do with it. In other words, you are the boss and you will run your data by choosing to share, destroy or monetize it.
The Datum Token
This is the native cryptocurrency of the Datum platform and it will be used for all the transactions that takes place on it be it buying and selling of data or for the storage of data. The datum token is an ERC20 token that is based on the ethereum blockchain and it has the following details.
Name: Datum Token
Ticker: DAT
Type: ERC20
Blockchain: ethereum
Total Supply: 3 Billion DAT
Tokens available for sale: 1.5 billion DAT
Price sold at ICO: 1ETH = 25,000 DAT
ICO Period:29th October to 29 November 2017
The accepted form of currency used to purchase DAT in the ICO: Ethereum
The softcap was met on 8th September 2017 to a Value of 5000 ETH.
Conclusive thought
Datum will provide sustainable development to data owners without fear losing their data. Having transparency and consistency with safeguarding users data.
For more information please refer to the links below
Official website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Telegram: https://t.me/datumnetwork
Facebook: https://www.facebook.com/datumnetwork
This article was created in exchange for a potential token reward through Bounty0x
BountyOx username - piecesg