What Is Boosteroid?
Boosteroid, found online at Boosteroid.com, is a cloud services platform that aims to provide convenient, affordable access to cloud computing resources – including storage, software products, and more.
The platform’s pre-ICO began in mid-October, with a general ICO scheduled for October 23 to November 6.
The goal of Boosteroid is to allow users to abandon expensive personal computers in favor of a powerful computing cloud – including a user-friendly interface and a simple management platform. The computer can carry out all tasks through the cloud – from processing text to analyzing DNA.
Boosteroid also emphasizes low costs. They want to make high-end computing power affordable to every internet user.
How Does Boosteroid Work?
Boosteroid allows a computer to carry out a variety of services in the cloud. Instead of having high-end computing power on your own system, you can access similar computing power over a cloud network built on blockchain technology.
Unlike other cloud networks, Boosteroid doesn’t rely on a network of users to provide computing power. Instead, the company is building its own array of servers. Customers can pay to access that hardware over the cloud.
The servers are described as “a lot of heterogeneous computing systems, combined into a single high-speed infrastructure.” The servers use AMD or Intel processor, NVIDIA or AMD graphics cards, and high-speed switching equipment, according to the official website.
Some of the specific hardware components include Intel Xeon E5, E7, v4, or v5 processors, AMD EPYC 7000 series processors, NVIDIA GeForce GTX 1080 Ti graphics cards, NVIDIA Tesla P100, V100, and AMD Radeon Instinct graphics accelerators, and Intel Xeon Phi 7000 series accelerators.
Boosteroid will use a fault-tolerant, distributed, redundant storage system with block-level stores. Their communication equipment will consist of 10GB and 100GB Ethernet switches.
On the software side of things, meanwhile, Boosteroid plans to use an open source platform. They also plan to create an app store called the BooStore where users can buy or download apps for free, then install those apps on their cloud PC.
Boosteroid Features And Benefits
Obviously, Boosteroid isn’t the only company aiming to offer decentralized computing power through a distributed network. What makes Boosteroid different? Here are some of the features and benefits emphasized by the project:
Lowest Rental Prices:
Boosteroid claims to use “unique architecture and minimal costs of electricity” to ensure its clients can access the best computing resources at the lowest price.
Opportunity To Choose Computing Power:
Whether you need a lot of computing power or just a little bit, you can customize your computing power selection through the easy online platform.
Unlimited Rental Time:
Customers can rent computers for any length of time – from one hour to several years.
Boosteroid claims that user information “will always be secured and no one will be able to steal or withdraw it.”
10% Processing Power Given Away For Free:
Boosteroid plans to give away 10% of its network capacity for free in order to “contribute to the future”. With that in mind, Boosteroid will provide 10% of its capacities for artificial intelligence projects that address aging-related issues.
The Boosteroid Token Sale
The Boosteroid pre-sale took place between September 22 and September 29.
The general ICO starts on October 23 at 9:00 CET and ends on November 6, 2017 at 21:00 CET. A second stage will take place from November 27 to December 11, with a third stage scheduled for January 15 to February 15.
A total of 800 million tokens are available during the ICO, with an additional 2 million tokens available during the pre-ICO. 98 million tokens are reserved for bonuses, the lottery, and bounties program, while 100 million are reserved for the advisors and team.
When the ICO is complete, all unsold tokens will be destroyed.
A lottery system is available throughout the token sale. If you purchase 1,000 tokens or more, then you’ll be entered into a lottery prize pool.
Tokens are priced at 1 BTR = $0.48 to $0.58 during the first ICO stage, rising to 1 BTR = $2.78 by the end of the third ICO stage.
How Do Boosteroid Tokens (BTR) Work?
Why should you buy BTR tokens? 1 BTR will correspond to the cost of one hour of computing power based on a system with 8 x NVIDIA GeForce GTX 1080 Ti graphics cards, 2 x Intel Xeon E5 2680v4 processors, 256GB of RAM, and a 960GB SSD.
Who’s Behind Boosteroid?
Boosteroid is led by CEO and Founder Ivan Shvaichenko and CTO Ivan Sorbat. The company is based in Ukraine, although the Boosteroid.com website lists an address in Cardiff, Wales.
Boosteroid was founded in September 2016.
Boosteroid’s ICO begins on October 23. The goal is to squeeze the computing power rental market dominated by major players like Google, Amazon, and Microsoft. Today, all three of these companies offer good cloud computing services – although prices remain high. Boosteroid sees an opportunity to disrupt the market with a token-based ecosystem. 1 Boosteroid token (BTR) equates to an hour of computing power on an 8 GPU rig.