Boosteroid project starts its ICO on November 27th aiming to collect investments for the creation of a cloud services platform similar to Amazon Web Services, Microsoft Azure or Google Cloud. This information can be found on project website.
Token sale starts on November 27th at 9:00 (CET) and ends on December 11th at 21:00 (CET). Team plans to sell 300 million BTR tokens. One BTR will cost $1,08. It will be possible to buy BTR for ETH, BTC, LTC, BCH. All unsold tokens will be destroyed.
The collected funds will be used to expand computing facilities and develop a service – cloud computer that will allow to process video, create 3D-graphics, play games that require high computer performance or carry out machine learning on any device, even the most low-performance PC. The team is going to launch project demo by the end of November, 2017.
According to CEO & Founder of the project Ivan Shvaichenko, Boosteroid has a significant advantage as compared to many other ongoing ICO startups – the platform is already being built. Computing facilities are already launched in Kharkov (Ukraine). After the ICO the team will start building and scaling computational nodes in Georgia free industrial zones.
“Our team agreed upon locating computing facilities in free industrial zones of Georgia and connecting Boosteroid to local power grid. Deputy Minister of Energy of Georgia Romeo Mikautadze told that Georgian party is very interested in our project and will ensure all necessary conditions to start Boosteroid in the country”, – noted CEO.
The team is also going to locate computing facilities in Iceland.
Shvaichenko says that centralization of computing facilities will allow to make cloud computing affordable, will ensure its stability, data security and compatibility in the operation of components.
“We are already building our platform, however the ICO will speed up the process. Tokenization is a natural way to the new level of market relations. In our situation, we offer not just a token but a real service for the people who are willing to support our project. 1 BTR = 1 hour of computing power rent on Boosetoid computing facilities” , – added Ivan Shvaichenko.
According to him investors will be able to pay computing power rent with BTR tokens or exchange tokens for other digital currencies or fiat money on cryptocurrency exchanges and gain profit. Today the lowest 1 hour computing power rent is $6,5 to $10,5.
The team plans to maintain demand for BTR with token repurchase on cryptocurrency exchanges.
“After the platform is launched our service (exchange service that allows to accept tokens and USD as a payment for the rent – note.) will automatically receive money paid by users who rent our computing power and then it will purchase tokens on the exchange – noted CEO.