Ethereum Based Cloud Token Set To Decentralize The Cloud – Set To Hit Exchanges on 21st of September
In Dublin, Ireland, on July 25, 2017, Cloud With Me launched the pre sale of Ethereum based cryptocurrency, Cloud Token. This is the first Initial Coin Offering to enable purchases via credit card, bank transfer, and cryptocurrency.
(Cloud With Me https://cloudwith.me/) was founded in 2015 by Gilad Somjen and Asaf Zamir, to provide SMEs with a simplified onboarding solution for cloud server installation, removing the need for technical expertise. The (Cloud Token ICO crowdsale https://token.cloudwith.me/) will fund the global deployment of a GridNode infrastructure – The framework for building the decentralized “Crowd Cloud”.
Millions of devices worldwide will be able to contribute redundant computing power to the cloud, including laptops, phones, computers, and even Internet of Things (IoT) connected devices, such as washing machines. Anyone who undertakes the operation of a GridNode and contributes to the Crowd Cloud will receive a continuous income.
The decentralized structure will create a commoditized environment, reducing the cost of cloud services, the risk of network outages, and providing a higher level of data security and privacy.
“We’re driving meaningful evolution that enables millions of people to access the power of professional cloud services at a fraction of the cost and in undeveloped countries. The goal is to create a decentralized peer to peer cloud based ecosystem that will enable millions of people globally share, operate and get the financial benefits from any cloud service and application directly between them in a trusted and efficient manner; from music to social insurance and investment services, in a wholly secure and private environment.”
- Asaf Zamir, co-founder and Chief Technology Officer.
Unlike most ICOs, the tokens can be be used immediately after closure without enduring a 12 to 18 month waiting period for a product to be build. The tokens can be used to purchase online services from Amazon Web Services (AWS) and Microsoft Azure with a 50% discount. Cloud Tokens can also be exchanged for BTC, ETH, and USD in the Cloud Wallet.
- Token sale target: Hard cap at USD 300 m
- Token price: 1 Cloud = 10 USD
- Trading Begins on 21st September
Company name: Cloud With Me
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