What is Embers (MBRS) Crypto Beginner’s Guide
Embers are seat licenses for the Embermine platform. With one Ember token (MBRS), users can create a User ID. Ember tokens were distributed in June of 2017. 50 million tokens were created.
The Platform of the Future
The Embermine platform is built on the TECHNE blockchain protocol. It validates transactions through channels of consensus. It is designed for network participants that collaborate on projects. Embermine utilizes open-source development. Embermine is working with Autonio – a decentralized AI trading bot for crypto-assets. The goal is to share revenue.
Trading Ember Tokens
Ember tokens are traded on a few exchanges including Cryptopia and IDEX. Ember tokens are paired with BTC and ETH tokens. Ember has a market capitalization of $266,678. Daily trading volume is zero. 50 million Ember tokens are in circulation.
Recent trading data indicates that the Embers token is relatively stable. Since mid-May, this token has remained under $1 million in market capitalization. The last time it broke this barrier was May 11. Before this, the Embers token surpassed the $2 million mark on April 30. The all-time high value this year was over $15 million. This took place on January 13, 2018. Currently, Embers is ranked 1,175th among cryptocurrencies by market capitalization.
Different Types of Tokens on the Embermine Platform
There are three types of tokens on the Embermine Platform – seat license, creative assets, and the transactional unit. Embers (MBRS) are seat licenses. Users get access to toolsets and apps. They can purchase goods and services through the Embermine ecosystem.
Creative assets tokens are produced by Projects. This type of currency is considered a digital bearer certificate. It is proof of ownership for goods purchased through the Embermine ecosystem. This includes music, books, and films.
The transactional unit is ions. This is required to participate in commercial activity. When Embers are removed from the network, ions enter it.
ONTOS Identity System
The Embermine identity system is called ONTOS. It allows users to create economic avatars for the purpose of making transactions. Multiple identities could be created, but the platform can only be accessed by invitation. The network expands through human nodes. Interactions take place with Entities.
There are four Entities – creators, collaborators, customers, and projects. Creators set up projects and draft the Compact. Collaborators work within the compact to bring services to the market. Customers buy assets and contribute to the Distributed Patronage System. Projects bind entities to a common purpose.
Embers (MBRS) Conclusion
This is another cryptocurrency that is seeking to establish a new identity-paradigm for the masses. If the interaction between a buyer and a seller isn’t secure, then the transaction that is about to take place won’t have the same meaning as it would under different circumstances. In fact, the transaction would not have a lasting impact, and it will cause the buyer and seller to eventually seek alternative platforms to conduct business. The ONTOS identity system may be anonymous enough for the average user to purchase goods and services without worrying about falling victim to identity traps.