Reindeer Tech is a Japan based cloud-design company that aims to reinvent the cloud computing and designing industry. It envisions to become the Github of this cloud designing realm. To achieve the same title, the platform offers an extensive repository wherein, cloud design professionals can seamlessly create or choose a design, and develop high-quality online content.
Inefficiencies of Present Cloud Designing Landscape
Over the years, cloud designing has become an integral part of the computing world. As more and more companies struggle to manage their huge data, cloud designing has become a core business aspect that helps companies with data management. However, cloud designing deals with certain setbacks that needs to be addressed promptly.
To begin with, this technology is presently monopolized by a handful of corporates like Amazon, IBM, Microsoft, etc. This accumulation of power in the hands of few conglomerates has hindered the growth opportunity of many small and medium scale businesses across the globe. Additionally more and more American households are reporting that their data is unsafe in cloud storage space. A few years back, nearly 100 million Americans reported that their data was either getting stolen or was getting exposed to the outside world.
Many cloud systems are also experiencing abnormal downtimes. Often times when customer need data urgently, they have to deal with slow servers, costing them their valuable ti-me and hindering the efficiency.
Reindeer Tech solution
Reindeer wants to solve the aforementioned problems and make cloud design simpler and effective. Moreover, it aims to offer easier opportunities to cloud designer to enter the industry and be a part of digital sphere. For this, Reindeer Tech has developed a blockchain based platform that offers users an extensive repository of high-quality cloud designs. The platform has also developed a reward system under which creators are rewarded in tokens based on the quality of the design registered.
For this kind of solution to work, it is essential that there is a high degree of transparency in the system. Therefore, when designers submit their designs to the Reindeer platform, it should be vetted by the other users. Similarly, when Reindeer issues tokens to its users, this transaction is secured within the smart contract in order to avoid data tampering.
Token Sale and Fun Distribution
The Reindeer Token (RDT) is an ERC-20 Ethereum based token token. At present, the value of one Reindeer Token is set at 0.001 ETH. The platform is gearing up to launch its first ICO on December 20th, 2018, which will last till March 31st, 2019. The hard cap is valued at 625,000 ETH whereas the soft cap is set at 4,000 ETH. Reindeer intends to distribute the tokens in the following way:
- ICO – 50%
- Fund Holding – 20%
- Team – 10%
- Advisors and Accelerators – 10%
- Bounty – 5%
- Community and Business Development – 5%
Moreover, the platform plans to allocate the sales proceeds from the token sale in the following manner:
- Marketing – 40%
- Development – 30%
- Contributor- 20%
- Legal and Administration – 8%
- Paid Content – 2%
Reindeer – Streamlining the Cloud Design Process
Reindeer plans to transform the world of cloud design. It wants to democratize the current ecosystem that is dominated by the likes of Amazon and Microsoft. To accomplish the same, it has developed a creator-friendly solution that rests on a blockchain and smart contract technology to ensure users have reliable opportunities to make their mark in the digital realm.
Learn more about Reindeer on:
Official Website: https://reindeer.tech/