Last night(Dec 15th), Authmen was invited to have an AMA in Generation Crypto chat. Authmen CMO has attended this AMA and given an amazing sharing. The following is the recap of AMA:
Host: Can you briefly describe what is Authmen in 3–5 sentences? And what is your Mission and Vision?
Well, At present, the solution of blockchain is about unstructured data storage (distributed storage), and the key and difficult point lies in the solution of “data integrity verification mechanism (data verification)”.
At present, all the information stored in the blockchain is transaction information, such as the transfer information from A to B, while there is no place for temporary information and other information that takes up a large space. When the blockchain is used for commercial landing, it is not only the transaction itself, but also needs business system logic and more abundant data, such as resource text data, metric data, video media data, etc., which cannot be stored on the blockchain, which limits the combination of blockchain and commercial entities to a certain extent.
Considering the current Internet storage (cloud) pain point and the demand of the trillions blue ocean market, we think that storage in one of the three major directions of the blockchain is an urgent problem to be solved, and there is no good solution at present. The integrity proof of decentralized storage is no less difficult than that of blockchain ledger information, which cannot be tampered with. The 100000 million data on the blockchain need to be distributed storage. Obviously, in an untrusted environment, the core problem to be solved in the decentralized storage track is the proof of data integrity. Data stored in a miner node needs corresponding mechanisms whether the node actually stores information is detected.
In this context, you understand our intent. Authmen is trusted distributed storage.
The main goals of decentralized storage are:
-Safety
-Reliable
-Performance
Host: Can you name your competitors? What are the main competitive advantages of Authmen?
Distributed storage There are too many runners on this track, we’re not going to target any one in particular.
Things like Filecoin and Arweave have their own shortfalls.
Filecoin involves too many technical issues and challenges, which make the development cycle slow and tedious.
I want to say that Authmen has a very mature and proven product. It is the enterprise — level implementation distributed storage system
1. More Efficient And Secure Storage
2. Real Tamper Proof Technology
3. Wider Application Scenarios
4. Trusted Storage Node
The above four points are our advantages as a distributed storage track.We first verified that it worked on the alliance chain and ensured that our customers were satisfied over a long period of time.
Then we serve more users on the ETH and get more people involved in.
But if you read our economic model, one of the more interesting things is that our economic model incorporates the NFT.
Since our storage system is naturally trusted and tamper-proof/implemented together in the TEE environment, our storage efficiency is greatly improved through heterogeneous consensus algorithms and the underlying trusted layer of Trias to ensure the trusted values of the storage nodes and the trusted values of the stored contents.
Questions from community
@warny: What are the benefits of owning Authmen NFT?
Thank you all for your warm support and interest in Authmen!
I’d like to choose this one as the first to answer. That’s a good question.
That’s one of the highlights of my presentation today.
Look at this prototype.
This is a prototype of a website — — — Authmen NFT
I have a lot of confidence in our products, so I think we can give them to you in advance
Our product, the NFT page has not been finally launched yet.
IT IS expectED to LAUNCH next week
Next, I will give you a brief introduction to the use of Auth NFT
In general, it serves two purposes,
1. As an NFT, you can exchange it for storage space, transfer, and trade, just like the NFT of Crypto Cats and Alpaca City.
2. As proof of Auth’s interest, you can use it in combination with LP-Token to obtain higher rate of Liquidity mining
The way to get the NFT is simple, you only need to burn a certain amount of AUTH.
Yes. Although the total AUTH is only 10 million But to get a NFT for storage space needs to burn the AUTH.
We have 6 different levels of NFT, corresponding to different AUTH destruction amounts, and the liqudity mining rate you can get.
https://authmen.medium.com/what-is-authmen-nft-5264c48b5d10
For more details, pls check this article. Ok, that’s all for question 1.
@Temptation_Provider: Speaking of sensitive data, I know that Authmen technology applies TEE (Trusted Execution Environment) where data can be handled confidentially and securely. Could you tell us more about how it works?
You were the first one to ask the question, which is exactly what I need to introduce.
Total supply: 10,000,000 (10 million tokens)
Liquidity Mining: 8,000,000 (80%)
Public sale: 500,000 (5%)
Marketing: 400,000 (4%)
Ecosystem Reserve: 1,000,000 (10%)
Uniswap liquidity provision: 100,000 (1%)
Token release schedule and Lockups:
● Liquidity mining follows mining rate (1 million per year for 8 years.)
● Public sale tokens will be liquid right after the sale
● Marketing tokens are released 1/10 per 3 months after the public sale. Tokens will be used for airdrops and marketing purposes.
● Ecosystem reserve: one-year lockup and then can be allocated based on governance voting.
● Uniswap liquidity provision immediately supplied after public sale
@erven12: While looking at your twitter I saw two questions.
Can you answer this please. How will Trias empower Authmen? How does Authmen use Trias’ technology?
Since we were incubated by Trias, and as one of the Trias hackathons’ winners, I’m here to share the answer to that question
3rd question: How will Trias empower Authmen?
First, security. It means that the data stored in the decentralized storage system is absolutely secure and has very strict privacy protection.
Based on blockchain and trusted execution environment (TEE), Authmen implements sensitive data protection.
Unlike the data protection mechanism based on “review”, Authmen implements data protection based on trusted “code”. In order to achieve security, each user’s data is encrypted and partitioned, and there are multiple redundancy in the nodes of the whole network.
Second, reliable.
Authmen network bottom layer is based on Leviatom’s three-layer computing power system of Trias architecture, TEE trusted computing and Zero-knowledge proof technology enable us to complete the right confirmation and security protection of distributed storage data.
And when the storage network of Authmen is larger, the reliability will be higher. With the recognition of users and the growing scale of network, the more stable the network operation, the higher the reliability of data.
Finally, performance.
With the help of gossip protocol, it builds a “trusted acquaintance” network between consensus nodes using different TEE technologies, making consensus more efficient and cost-effective.
How does Authmen use Trias’ technology?
Well, Authmen’s vision is starts from decentralized storage, based on innovative combination of Trusted Execution Environment technology, to create a credible, reliable and efficient decentralized cloud service ecosystem.
Authmen is also an excellent Dsaas in that sense, but our service customers are global users, practitioners in all crypto industries and potential distributed storage users.
Therefore, we can enrich the application scenario and ecology of Trias.
That’s all for Q3.
@CryptoDurden: How does Authmen add value to NFT? What does Authmen think about the evolution of NFTs in the crypto space and in the real world?
There are three benefits to owning Authmen NFT:
First oF all, you got chance to improve liquidity mining computation power. We have discussed this in detail in the previous article. You can review it by clicking the following link.
https://authmen.medium.com/what-is-authmen-nft-5264c48b5d10
Second, it has collection value.
Authmen NFT is the identity identification in the Authmen ecology. In addition to representing different computing power and storage capacity, different levels of Authmen NFTs are also medals of honor for participants in the ecosystem.
Moreover, Authmen NFT has good liquidity, and users who hold Authmen NFT can freely trade in the NFT market.
But most importantly, your Auth NFT is support by real value!
It is your network storage hard drive.
It could be 1T or 10T, depending on your choice.:grin:
at last, any participant who holds the Authmen NFT can enjoy the development dividend of Authmen, including airdrop, bonus, community award, etc.
All for Q4.
@Tente20: Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one ?
I’ve seen a lot of questions about the ambassador program.
So Let me answer that.
Yes, we have the Ambassador program.
Authmen was initiated by developers from the Trias community, and I had an early operational mission as a community representative for the project.
Next, we will directly establish THE DAO of Authmen, so that more community users can participate in the governance and decision-making of Authmen, including operation/market/product and technology development.
We will also develop a strong team of ambassadors.
Help us make Auth ecology more prosperous.
Authmen is in a very early stage, although our product is very mature
At present, we have many partners in negotiation, which are all great projects.
Pls stay tuned !
Here are some useful links I mentioned
Authmen Official Channels:
Telegram Channel: @authmen
Official website: https://www.auth.men/
Twitter: https://twitter.com/Authmen1
Medium: https://medium.com/@authmen
Facebook: https://www.facebook.com/AuthmenBlockchain
Trias Official Channels:
website: https://www.trias.one
Telegram Channel : @triaslab
