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Mit-Ra – ICO Detailed Information


ICO Mit-Ra
Mit-Ra Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start October 1, 2018
End July 31, 2019
Rating 2.5
Status
KYC No
Founded
Categories Healthcare
Whitepaper No
Discussion

Mit-Ra Overview

ICO description, Technical Details and Documents

Mit-Ra: Makes the Water Clean Again


While the majority of innovators are preoccupied with such matters as incorporating AI into various areas of life, there are millions of people on the planet who experience a constant deficit of the most basic blessings of civilization. It this instance, it is the drinking water.

Mit-Ra, a startup registered in the United Arab Emirates and comprised of international specialists in fields such as energy and pharmaceuticals, figured out a way to make drinking water from the non-potable with the help of the blockchain technology. Moreover, the project insists that it pursues not only a noble goal of providing enough clean water to all those in need, but also seeks to develop a profitable business model.

The four-component system


Mit-Ra operates under the auspices of the UnitedHealth Group, the US-based public company which is the largest healthcare organization in the world with the annual revenue of around $200 billion. The project positions itself as an independent association, though it obtains the approval of all important decisions, like the 10% share of its annual profit, from the board of directors of the UnitedHealth.

The realization of the Mit-Ra project began in 2015 under the able leadership of the research staff from the University of Georgia. Together, they have designed the system for refinement of non-drinkable water that will be incorporated in the major cities of the countries that are on the brink of a profound water crisis. 

Over this period of time, Mit-Ra has developed four innovative products, all of which will be integral to the projected water refinement systems:

Mit-Ra plans to erect 14 water cleansing sites in 7 different countries. Each site will have the system that collects the contaminated water that runs within its proximity and transfers it to AquaBoll, where it gets thoroughly cleansed. Afterward, the water goes through the set of membranes that performs the osmosis procedure, and then get properly mineralized and cooled. The treated water is distributed among the consumers in the amount of up to 100 liters.

Mit-Ra uses the Ethereum blockchain to gather and record the data about the purity of water and its content, followed by its thorough analysis. The results of this analysis are being sent via blockchain to the Bollfilter headquarters. 

The application of MTA and ICO details


MTA is the ERC-20 compliant token that has two primary purposes: fueling the Mit-Ra ecosystem by maintaining the seamless flow of data and providing grounds for receiving the aforementioned share of profits. It is required to hold at least 10.000 MTA to be eligible for acquiring the perks.

Mit-Ra allocated 280 million MTA for sale, which constitutes 80% of the total emission. The main sale of tokens is already underway with the end date being set on November 30. The price of 1 MTA is $0.1. The minimum investment threshold is $10. Mit-Ra accepts BTC, BCC, LTC, DASH, ETH, and USD. No restrictions were imposed on potential investors.

Author: Alex Paulson for Crypto-Rating.com

Mit-Ra Milestones

* Crypto Rating accepts no liability for any errors in the Mit-Ra ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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