Published On: Wed, Jun 13th, 2018

Module Sells $2 Million Worth of MODL Tokens During Their Private Presale

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Module, Japan’s disruptive answer to the present-day inefficiency problems of blockchain Proof-of-Work (PoW) mining, has just released their early sales numbers for their MODL token private presale, and it seems their innovative project is already showing signs of being a popular hit. The company has announced that so far they’ve collected $2 million in the private sale and are well on their way to achieving their soft cap of $5 million.
The blockchain world is abuzz recently on how to deal with energy consumption issues related to PoW mining protocols, and Module has come up with an intriguing solution that allows just about anyone to use a powerful asset they carry around with them everywhere, but almost never use: their mobile devices’ storage.
Module’s technology will allow anyone to take the unused storage space on their mobile devices and put it to use for mining the new MODL cryptocurrency. Module says they are effectively replacing the old Proof-of-Work (PoW) algorithm with their Proof of Space, Time, and Transaction (PoSTT) algorithm, which will be truly decentralized and available to anyone who wants to participate in crypto mining, regardless of their means.

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