Reindeer is a decentralized cloud computing platform that aims to create a blockchain-based ecosystem to provide improved opportunities for creative minds to thrive. It operates on a streamlined approach that gives people easy cloud data accessibility to facilitate the creation of unique content and the ability to share it with the world. The concept also promotes freedom of expression and the effective distribution of resources and wealth, that is currently hoarded by a few conglomerates.
Features of Reindeer
With an aim to be the Github of cloud, the platform offers many effective features that set it apart from the rest of the cloud computing platforms. Some of its unique features are:
- Repository of High-Quality Design
Reindeer offers cloud computing combinations and configurations that are essentials to develop a functional website. Cloud design creators can develop their unique designs and register their work on the platform. Additionally, under the reward system, the creators receive compensations in the form of tokens based on the quality of their designs. The platform has integrated high-quality content designs and made it freely available to content creators all around the world. Users can develop their online content based on their preferred configuration.
- Open Source Data
Reindeer offers an interactive environment that enables users to connect and collaborate with each other in order to create and share cloud designs. The platform works on creative common licenses where the data is available to all. Furthermore, it has integrated blockchain and smart contracts to ensure there is optimum transparency and security in the content creation process.
- A Decentralized Workflow System
A majority of cloud computing service providers remain bogged down by IT governance that results in the development of the complex and inflexible workflow system. Reindeer offers a streamlined workflow system that efficiently facilitates the entire cloud design process that includes collaboration, auditing, and ordering.
Token Generation Concept
The value of the RDT token is expected to be equal to the cloud designs accumulated in the platform’s database. Reindeer envisions to maintain a consistent flow of tokens to offer easy registration of their cloud designs and promote the development of the database.
Token Sale and Fund Distribution
The Reindeer Token (RDT) is an ERC-20 Ethereum based token used to execute various functions on the platform. 1 RDT is valued at 0.001 ETH. The ICO will begin on December 20th, 2018, and will last till March 31st, 2019, with the hard cap set at 200,000 ETH and the soft cap pegged at 4,000 ETH.
The platform plans to issue the Reindeer tokens in the following manner:
- ICO – 50%
- Fund Holding – 20%
- Team – 10%
- Advisors and Accelerators – 10%
- Bounty – 5%
- Community and Business Development – 5%
Moreover, Reindeer aims to distribute the sales proceeds in the following way:
- Marketing – 40%
- Development – 30%
- Contributor – 20%
- Legal and Administration – 8%
- Paid Content – 2%
Reindeer – Ensuring Steady Accessibility of Global Resources
Reindeer aims to develop a decentralized environment where users can gain access to valuable resources, create innovative cloud designs, and share with the world. The platform offers large-scale resources freely accessible in order to furnish individuals with equal opportunities to create online content and be a strong part of this creative digital realm.
Learn more about Reindeer on:
Official Website: https://reindeer.tech/