Reindeer is a transformational platform that envisions to streamline and democratize the present cloud computing system by leveraging the potentials of blockchain technology. The platform has identified the challenges of the conventional cloud computing process including high downtime, lack of reliability, inflexibility etc. and offered an effective solution to creators across the globe.
Reindeer – A Simplified and Decentralized Solution
Similar to Github, Reindeer intends to build an extensive repository that provides better opportunities to cloud design creators in order to optimize the cloud computing provisions.
It collects high-quality cloud designs from creators worldwide and offers people an easier way to develop high-quality online content. The platform also plans to reward the creators in its rewards system to encourage creative minds.
An Extensive Hub of Cloud Hub
Reindeer offers individuals with cloud computing combinations and configurations that are essential to creating a functional website. The network also gathers high-quality cloud designs that users can choose to exact configuration in no time. Moreover, users can also develop their own design and share on the platform. By registering their personalized designs on the platform, the creators will be rewarded with Reindeer tokens.
Through this reward mechanism, Reindeer intends to encourage creators and developers to submit their unique designs and avail monetary benefits in return.
An Interactive Workflow to Create and Share
The Reindeer platform has a decentralized approach, thereby enabling the network to create a flexible workflow that facilitates the entire cloud design process; collaboration, auditing, and order. Moreover, the collaborative network allows users to connect and communicate with each other to create and share their unique cloud designs. Reindeer works on creative common licenses, where the data is accessible to all the users.
The Reindeer token, also denoted as RDT is an ERC-20 Ethereum compatible token. The token value is proportionate to the cloud design gathered in the system’s database. The network intends to maintain a consistent flow of RDT tokens that enable users to easily register their unique cloud designs and promote the development of the database.
Token Sale and Fund Allocation
At present, the value of one Reindeer token is set at 0.0001 ETH. The ICO will begin on December 20th, 2018 and will last till February 4th, 2019. The platform has set the hard cap value at 200,000 ETH and the soft cap at 4,000 ETH. The RDT tokens will be distributed in the following manner:
- ICO- 50%
- Fund Holding – 20%
- Team – 10%
- Advisors and Accelerators – 10%
- Bounty – 5%
- Community and Business Development – 5%
The platform will allocate the funds derived from the token sale in the following manner:
- Marketing – 40%
- Development – 30%
- Contributor – 20%
- Legal and Administration – 8%
- Paid Content – 2%
Reindeer – Making Large-Scale Resources Accessible to All
Reindeer aims to develop an accessible ecosystem that enables every individual to create and offer valuable online content. The platform provides extensive cloud designs freely to the people, thereby generating equal opportunities for them to utilize large-scale resources in order to create and share their unique services with the world. This streamlined concept is backed by staunch technologies, including blockchain and smart contract that makes the entire process more efficient, secure, reliable, and transparent.
Learn more about Reindeer on :
Official Website: https://reindeer.tech/
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