Multiven Announces its Initial Coin Offering (“ICO“) to Build the World’s First Blockchain-Based Marketplace for IT, Telecoms and Network Products and Services

Multiven today announced that it is disrupting the centralized $3+Trillion IT products and services market by launching its Initial Coin Offering aimed at distributing Multiven Coin tokens (MultiCoins), that will serve as the medium of exchange for the soon-to-be-launched Multiven Open Marketplace (MOM) – the first blockchain-based marketplace that will enable the world to buy and sell new, pre-owned and decommissioned computer and Internet network hardware, software and services on a peer-to-peer basis, without intermediaries, powered solely by smart-contracts.

The transaction fees generated from the Multiven Open Marketplace (MOM) will be used to compensate a decentralised elite team of network engineers, security researchers and cryptographers that will harden, protect and defend Bitcoin, Ethereum and other public cryptocurrency (“Bitcoin”) network nodes from cyberattacks. The Multiven ICO is managed by Chaineum.

The Multiven ICO aims to:

• Create the Multiven Open Marketplace (MOM) - the world’s first Blockchain-Based Marketplace for IT Hardware, Software and Services.
• Use some of the transaction fees from MOM to harden, protect and defend Bitcoin, Ethereum and all public cryptocurrency network nodes and their Internet gateway routers against cyberattacks;
• Secure the future of Bitcoin by researching, developing deploying and launching into low Earth Orbit, open-source nano-satellite Bitcoin full nodes.

Multiven Open Marketplace
Multiven’s goal is to simplify and eliminate costly intermediaries in the global $3+ Trillion IT marketplace ecosystem. As the world’s first blockchain-based marketplace, the Multiven Open Marketplace (“MOM”) will simplify and lower the cost of buying and selling computer and network hardware, software and services between businesses and consumers, on a peer-to-peer basis, without intermediaries, with Multiven Coins (“MultiCoins”) as the sole crypto-currency.

Cyber-defense for Bitcoin and other Cryptocurrencies
Multiven’s view is that with the rapid rise of Bitcoin and other cryptocurrencies, it is highly likely that, sooner or later, an adversarial actor or interest group that is hostile to public cryptocurrencies, will launch a centralisation cyberattack against Bitcoin network nodes. Such an attack could deploy any of the several, now publicly available, advanced nation-state developed exploits, to systematically centralize Bitcoin nodes within their country/countries/area of jurisdiction, in order to seize control of, and regulate, or worse yet, shut them down.

Multiven’s goal is to help maintain the integrity of the Bitcoin and Ethereum network nodes by limiting the attack surface of their Internet Gateway switches and routers (“IG” or “NADs”) via live monitoring and proactive security patches, bug fixes and updates. This will be a free service for all Bitcoin, Ethereum and other public cryptocurrencies nodes and their Internet Gateways.

In addition, Multiven intends to extend the decentralization of Bitcoin full nodes into low Earth Orbit (LEO), with its Nodes-in-Orbit programme (“NiO”), by launching multiple autonomous nano-satellite (less than 10kg each) full Bitcoin nodes, based on open source hardware and software, into low Earth orbit (less than 1000km above sea level), pre-configured with Delay-Tolerant Networking architecture and Inter-planetary Internet protocols.

“If you can keep a node running that accepts incoming connections, you’ll really be helping the network a lot.” - Satoshi Nakamoto, inventor of Bitcoin, 9th January 2009.

Multiven ICO
The Multiven ICO is based on the sale of 200 Million ERC-20 compliant MultiCoin tokens, out of a total maximum supply of 2 Billion. 60.5% of the tokens will go to the Multiven Foundation reserve, which will fund the Bitcoin Node-in-Orbit programme. The minimum target is $10M with a pre-sale whitelist opening on Feb. 21st, 2018. The ICO will start on March 8th, with a soft cap of $25M. The funds raised will be used to develop the blockchain-based marketplace and the cyber-defense programme.

“Without the Internet, there is no blockchain. Without decentralised Internet-connected computers that relay, validate and record transactions, there is no Bitcoin. Without bitcoin, the entire cryptocurrency ecosystem will implode. Multiven is committed to ensuring that the Internet, and the blockchain traffic that traverses it, remain forever decentralised. We are excited at this next milestone in our lifecycle, as we continue to innovate and help make the world a better place,” says Peter Alfred-Adekeye, Multiven CEO. “We are proud to be partnering with the Chaineum Team and leveraging their deep blockchain technology expertise and successful ICO track record”. 

Commenting on the Multiven ICO, Laurent Leloup, Chaineum CEO said, “With Multiven, we are proud to support a truly global and visionary enterprise and participate in a project that aims to realize the full potential of the blockchain”

About Multiven
Multiven is the world’s first and only provider of independent, decentralised and politically-neutral software integrity maintenance and cyber-defense services for all the blockchain nodes and hardware that make up the world’s internet network. By offering service-as-a-utility, powered by its elite team of Internet experts, security researchers, cryptographers and its artificial-intelligence engine, mySolvr, while leading consumer advocacy that ensures customer choice and value, Multiven is realizing its mission of making the Internet globally available, reliable and affordable for all mankind. To learn more about Multiven ICO, please go to www.multiven.io

About Chaineum
Founded by Laurent Leloup, an expert in blockchain and corporate finance, Chaineum is positioned as the first “ICO Boutique” in France, providing a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism. Based in Paris and Besançon where Laurent Leloup is developing the “Blockchain” Valley project, Chaineum services are based on its team of experts in finance, token design, graphic design and website development, blockchain development and computer security.

Contact Information

Sebastian Schwarz

Public Relations

Multiven Group

pr-ico@multiven.com