ESSENTIA

Essentia is a platform function in which entities own all their personal information / data and link them to several platforms. Users in this case will use Seed (a sort of master key) that gives them full access and control over their information, as well as unique, identity-related access to the modular dApps supported by the Essentia platform.

Essentia claims that they will be able to give their users complete control over how their identifier is used with any of the modules that are eventually enabled / supported on their network (ESS-ID).

Synergies are the connections between different platforms, resources and modules, providing the supposed functional Compatibility. Developers will also be able to use Synergy, for which users can pay.

The main portal through which the infrastructure will be accessed is ESS-HOME, which will be the main UI / application serving the described functions. This can be run on any computer / OS / browser, but Essentia will also release its “decentralized OS” called ESS-OS.

In combination, these two components will make the overall basis of the Essentia platform. This will be supported by the resources of other computers that will have to deliver 100,000 ESS to configure the network node.

Additional hardware components include ESS-Egg, which will serve changing, configurable needs, and ESS-Sense, which will increase the customization of ESS-OS and ESS-Egg, while allowing the more real world / machine to work.

Information

Project Name: ESSENTIA
Course: 1 ETH = 15,000 ESS
Name of the token: ESS
The maximum market capitalization of ICO: $ 73 million
Platform: ERC20
Excluded countries: USA and China
Date of distribution of the token: 7 days after the sale of the token

Partners

Orca — an open banking platform for users of crypto currency

Akasha, a censorship-resistant social networking platform to help ensure Essentia users have full control over their content.

The Central Union of Agricultural Producers and Forest Owners is integrating with Essentia and will be the first Finnish organization to launch an e-government solution based on the blockbuster.

Road map:

Q2 2018 — dApps integration, Beta ESS framework, ESS development for government and enterprise, Alfa Keyware release.

Q3 / 4 2018 — Alpha layer of the ECC marker within the beta-ESA 2 and 3, launch of the ESS IKO Zigzag, cross-chain modules, mobile beta applications, hardware deployments (Keyware, eggs, etc.), no beta, launch of corporate and state decisions.

Q1 / 2 2019 — implementation of Said, layer of the ECC marker full, Cross-chain performance is complete, mobile application of stable version, ECC-OS.

Q3 / 4 2019-resource sharing, distributed computing, decentralized ESS structure.

Why are tokens used and how can they be valued?

ESS tokens will be used in several ways, as described below:

Used to pay for additional storage, processing power, etc., and will be a separate cost from the minimum network charge. In addition, it will be used on trading floors with services / goods offered by third parties.

Awards for users to be active, and good actors with tokens going to the most active members on the platform.

Used to fix to create a masternode. 100,000 ESS tokens will be needed and will be used as collateral to penalize any misconduct from the site. The site runners will also periodically earn ESS for their allocated resources.

At masternodes, the interest rate for the block will be every 10 seconds, and the total remuneration will be 15% (255 million ESS) of the total offer over the next 7 years, plus any fees for their used node.

Used for the single token required for dApps integrated on the Essentia platform. For example, instead of using 5 different tokens for 5 different dApps, users can only use ECC markers to maintain all dApps so they do not need to manage different tokens.

The demand for ESS tokens depends on the exact structuring of the reward and reward system, as well as the quality and demand for the services offered by Essentia in their network and markets.

TEAM

The team consists of 33 members and 20 of them in Ukraine. The Technical Director retains the anonymity of the name and image.

Matteo Gianpietro, co-founder and project manager, has more than 9 years of combined experience in business development, most recently with AdVantage Media, Mobilife +, and now Essentia.

Mirko Montgardino, co-founder and leading product-more than 5 years of experience in digital media, with his latest being as the founder of JT Media.

Vladimir Golubovich, co-founder and Operational Leader-more than 5 years of business development experience, recently he is a co-founder of Mobilife + and Essentia.

Stefan Djokic, technical manager of the team, more than 7 years of experience as a technical manager of the team and developer, and his latest is his latest technical team leader in AdVantage Media.

Alexander Bezrodny, CMO-more than 7 years of experience in management and marketing roles, with his latest being with Digital Sky as director of marketing.

The team also has a set of investors from a wide range of specializations, including Moe Lewin, CEO of KeyNote, Ran Neu-Ner, host of the Crypto Trader show on CNBC Africa, Eric van der Stack, business adviser, Thomas Graham, managing partner in TLDR, and Ismail Malik, a member of the board of the ICON Foundation.

Prospects

The project has a product that is live on the ethernet mainnet with various functions that require strong technical competence for development. For example, unlike most other wallets that are only compatible with Ethereum-based coins, the Essentia wallet is compatible with other large coins, such as Bitcoin, Neo, Litecoin, and Bitcoin Cash.

For applications that are built on Essentia, they can be used on blockchains as well. This reduces the risk that another blockbuster may become a winner in the long run, making obsolete dApps based on Ethereum.

The team is business-oriented and has already established partnerships with government agencies, as well as corporations from a centralized and decentralized space.

Essentia solves a big problem about dApps, where users need another token for each dApp. In the future, users can store only one token, which will be used on dApps, integrated with Essentia.

Minuses

The Essentia component is an ID service for which there are many competing projects, such as uPort, Civic, Selfkey, Traceto, Bridge Protocol, Valid Global, and others. Nevertheless, it is worth noting that the Essentia scope is much more than just a service ID.

Some key team members also work for Mobilife + and at the same time, we do not know how they will distribute their time between the two enterprises.

Conclusion

I like this project. On Ethereum mainnet there are very few block projects with a functioning product, which is integrated with various DApps, such as Ethereum, Status Storj and others. The project is an outstanding team, which has already shown what it is capable of. Partly for this reason, the project was already able to raise $ 23.5 million, in about one week.

Essentia intends to make the blocking technology more convenient for users who until now had to install different wallets and use passwords to access them. ESSENTIA will allow to obtain a single interface, which will be appreciated by users of crypto currency and blocking technology.

Community of the project.

Website — https://essentia.one/
Facebook — https://www.facebook.com/essentiaone/
Twitter — https://twitter.com/Essentia_one
Telegram — https://t.me/essentia_one
Blog — https://blog.essentia.one/
WhitePaper — https://essentia.one/whitepaper_draft.pdf

ANN TREAD — https://bitcointalk.org/index.php?topic=2704531.0

ANN/ambassador- https://bitcointalk.org/index.php?topic=2997600.0

My Account on BTT: https://bitcointalk.org/index.php?action=profile;u=1297889

My ETH Address: 0x8B2180c8EeBb9edFCc1F532AB8Efe51EBa6b5253