Motek is the leading BCDC motor solutions integrator in Hong Kong. The company has ported the micro mining software by IOTWA to the Motek application solutions. The software will assist in IOTW’s global expansion.
AnApp Blockchain Technologies Limited (AnApp), the company behind IOTW, announced the Motek-IOTW partnership. With this merger, the sky is the limit for IOTW.
More About Motek
Motek is a brushless DC motor solution integrator that focuses on the Asian markets. It has created a strong R&D and professional team that have extensive experience in sales, manufacturing, and marketing of household appliances. The company has a vast product portfolio that includes refrigerators, air-conditioners, washing machines, DC fans, range hoods, air purifiers and much more.
Motek founder, Mr. Elden Chan commented that the partnership was great for them. He said that he was pleased they could adopt the blockchain to their application solutions. Mr. Chan said that the company’s customers would benefit from the use of the blockchain and micro mining at no extra cost. Additionally, this would make the company a pioneer in the IoT sector, and they had full confidence in the IOTW partnership.
The CEO of AnApp, Mr. Frederick Leung said that porting the micro mining software by IOTW to the Motek appliances would help IOTW expand. Via this partnership, the company could bring in a unique Proof of Assignment consensus to the masses.
AnApp is a blockchain development company that developed the IOTW crypto coin. It has also had a lot of success in the creation of a blockchain ecosystem for the IoT devices. The company offers cost-effective and energy efficient micro mining based on the proof of assignment consensus algorithm. By doing this, it will be possible to use the home appliance to mine the IOTW tokens without an increase in the hardware cost.
Why The IOTW Is Revolutionary
Creation of crypto coins has traditionally been quite resource-intensive. The mining requires and consumes a significant amount of processing power. As a result, mining is not concentrated in the hands of a few professional players with the money to mine crypto.
However, the IOTW blockchain wants to change all that. It is creating a new architecture that has an innovative consensus algorithm called the proof of assignment. The algorithm will allow the IoT devices, no matter how simple, to mine the IOTW coins. The best part about it is that there is no need for any changes to the IoT hardware. Thus, developing the IOTW blockchain for the ordinary people globally.
The IOTW Token Sale Details
- Ticker: IOTW
- Total Supply: 2,560,000,000 IOTW
- Public Sale: 2,222 ETH
- Hard Cap: 65,000 ETH
- IOTW Price: 1 ETH = 5,000 IOTWs
- Start: Oct 31, 2018
- End: In 6 Weeks
The founders will have their tokens locked up for periods of 6 months to two years after the distribution of tokens to the masses.