On October 12, Rapidash was granted permission from the US Securities Regulatory Commission to become the first “STO project by Chinese Enterprises” approved by the SEC. Rapidash (http://rapidash.io/) focuses on providing distributed storage, distributed computation and other solutions for block-chain projects. The company received millions of dollars of angel investment from PLUTUSVC, Principle Capital, Inno angel fund and Mr. Xue Manzi.
The US Securities Regulatory Commission (SEC) divides the encrypted currency into two categories: Utility Token and Security Token. The issurance of securities certificates, which we also call STO, is a vast Blue Ocean Market. Compared to IPO, STO creates an efficient capital market. While compared to ICO, STO brought in supervision mechanism that are more in line with government requirements, thereby it can open up institutional investment markets more efficiently and introduce more capital for enterprise projects.
What does STO mean to the blockchain industry? Firstly, block-chain transactions will be secured by supervision and policy guarantees; secondly, large amounts of investment funds will enter the block-chain market legally; Thirdly, block-chain applications will be faster and more widely used in various fields, resulting in significant reductions in user access and education costs.
The advantage of Rapidash lies in providing storage capacity of unstructured data by adopting distributed storage technology to break the bottleneck of capacity and performance. At the same time, the cost of storage, operation and maintenance is greatly reduced based on the automated operation and maintenance platform. Storing video, audio, files, photos on the block chain will be safer, faster and 60% cheaper than traditional cloud storage.
Dr. Huang Wei, the co-founder and CEO of Rapidash, a member of IPFS team in the early testing activities, obtained master degree from Science and Technology University of China and two doctorate degrees from University of Wisconsin and University of Houston, USA. Dr. Huang Wei mainly engaged in the research of block-chain application, big data and high performance computation. He is very experienced in designing digital currency, which lays a solid foundation for the network ecological construction of IPFS and the development of a new generation of mine machinery and other infrastructure.
At present, Rapidash application has been officially released. With about 3,000 effective nodes, it provides nearly 60PB storage services in 20 countries to help users create secure, reliable, flexible, efficient and expandable cloud servers available for all kinds of scenarios. It is reported that a number of exchanges and financing platforms are negotiating with Rapidash on financing and listing.
Along with the development of IPFS technology and the rapid growth of company valuation, Rapidash will become a sincere platform and create more value for the society based on feedback iteration of users on products.