MEMTUM - blockchain based eternity memorial record service

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Sep 1, 2017 - which allows users to create a memorial record of their beloved and store it ... were websites created in
MEMTUM - blockchain based eternity memorial record service

MEMTUM - blockchain based eternity memorial record service 2017 September 01, By Gedas Kucinskas, version 1.

PROBLEMS AND SOLUTIONS Online memorial websites and services have several fundamental problems, which we address and solve with MEMTUM platform: ●

This document describes MEMTUM platform, which allows users to create a memorial record of their beloved and store it in blockchain network. The record is valid for almost eternity [1] and noneditable. Our goal is to create a self-sustaining and profitable platform, which produces value by storing memorial records in blockchains and redistributing earned value to MEMTUM token owners. The platform will be marketing-driven with the objective to attract as much as possible memorial records and by storing them - generate value. Also, the platform will have strong incentives for people purchasing memorial records to recommend this platform to other people and earn value. MEMTUM will become the largest online memorial records service that is based on blockchains. The strong business model will allow MEMTUM platform perish and generate value to its users.





Memorial records are stored in centralized servers - that poses risks on losing records, storing for longer periods than decades becomes an issue for online memorial providers. With blockchain solutions MEMORIALIZE platform achieves decentralized record storing. Recurring fees for users - data storing is costly for service providers, so often, monthly/yearly fees are applied to the users. By using blockchain network, we can offer a one-time fee for users, and the data will be stored for eternity. Services are not marketed enough - current cost structure does not allow to have marketing-oriented strategies. Since we get rid of recurring storage costs, we will have the capacity to coordinate almost most of company turnover to marketing, thus attracting more and more users.

HOW WE STORE RECORDS? INTRODUCTION Online memorials are virtual spaces created on the Internet to remember, celebrate, or commemorate those who have died. An online memorial may be a one-page HTML webpage document giving the name of the deceased and a few words of tribute, an extensive information source, or be part of a social media platform where users can add their own words and photos. [WIKIPEDIA] A few individual online memorials started appearing on the Internet in the late 1990s. Many were websites created in response to the death of a person who was in the public eye, rather than for general people. In 1997, Carla Sofka, Professor of Social Work, in her article 'Social support "Internetworks," caskets for sale, and more: Thanatology and the information superhighway', recognised the increasing use of this new form of memorialisation[2]. Currently top operating online memorials: Website* legacy.com findagrave.com tributes.com

MEMTUM platform users will choose if they memorial record is public (non crypted) or private (encrypted) – MEMTUM compresses this data and store it as transaction data in Ethereum blockchain as data storage. MEMTUM OBJECTIVES AND VALUE PROPOSITION MEMTUM will transform online memorial services by strongly cutting data storage costs and directing resources to market and user acquisition. We aim to become number 1 online memorial records service in 1 year. Building partnerships with real-life cemeteries and memorial service providers we will make MEMTUM the common part of memorial. Objectives: ● ● ●

Total visits, 6 months 50.98M 13.74M 4.50M

SimilarWeb, 2017 09 data

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To achieve 20M/year visitors to the platform Store at least 200.000 online memorial records per year. Redistribute over 2M USD/year of value to token owners.

MEMTUM - blockchain based eternity memorial record service

VALUE PROPOSITION FOR MEMTUM PLATFORM USER:

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ROADMAP ● ●

49.99 USD / 49.99 EUR one-time fee for storing memorial record for eternity Printed certificate of stored memorial record (for an extra fee) - paper / engraved, etc. Earn money for referring friends and relatives

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2017 Sep 18th-Oct 15th – Crowdsale 2018 January 15th - Launch of Memorialize platform (USA market) 2018 Q2 - Market expansion (UK + GE) 2018 Q3 - Market expansion (Central Asia) 2018 Q4 - Market expansion (Latin America)

MEMTUM PLATFORM BUSINESS PRINCIPLES ●





PLANNED USAGE OF THE FUNDS Marketing-driven company. Most of the investments are made to attract new MEMTUM users. Partnering with top customer acquisition agencies to grow fast to worldwide platform. Weekly profits are redistributed to MEMTUM token owners. MEMTUM Company buys back MEMTUM tokens within defined exchanges. This guarantees ever growing MEMTUM token value (bid price is defined – LAST week median price + 5%). Reports of earned value are published to registered MEMTUM token owners.

MEMTUM PLATFORM TOKENS Token name: MEMTUM TOKEN (MEMT)

MORE INFORMATION The white-paper contains basic principles and MEMTUM value. If you need any additional info – feel free to contact: [email protected] Gedas Kučinskas / CEO of MEMTUM

The ICO / crowdsale is ran to attract funds necessary for MEMTUM development and global expansion. Most of the funds will be directed to customer acquisition, so MEMTUM will be selfsustainable and profitable platform for investors. ICO / token crowdsale duration: 2017 09 18th 10:00 UTC – 2017 10 15th 9:59 UTC REPAYMENT PROGRAM: We will systematically buy back MEMTs from exchanges. Bid price = last week median price + 5%. (executed randomly dates). By this iinvestors who contributed their assets, will be returned their contribution at the current market value of the MEMTs. ICO PRICE PER TOKEN: 0,003ETH (~1USD). TOTAL SUPPLY: 50.000.000 Token: Ethereum ERC20 Token Standard. ADJUSTABLE: The tokens not sold during the ICO will be destroyed. So total emission = bought tokens + bounty program tokens + bonus program tokens+team tokens. If the 700.000 MEMTs goal are not reached all deposits are returned.

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[1] Eternity – means that records will be stored safely since etherium will constantly be mined for value. PM, Kyle Chayka On 8/17/14 at 1:35 (2014-08-17). "Don’t Mourn, Digitize". Newsweek. Retrieved 2017-07-18. Hartelius, E. Johanna (2010). ""LEAVE A MESSAGE OF HOPE OR TRIBUTE": Digital memorialising as public deliberation". Argumentation and Advocacy. 47 (2): 67. Mourners turn to virtual shrines". Financial Times (subscription required) Mitchel, Lisa M. “Death and grief online: Virtual memorialization and changing concepts of childhood death and parental bereavement on the Internet.” Health Sociology Review, Volume 21 No. 4 (2012). Page 424. "Sacred Waste". Death Dying and Disposal 10 Conference Book of Abstracts, 2011.

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