Jan 14, 2019 07:45 UTC
Jan 14, 2019 at 07:45 UTC
Reindeer is a revolutionizing platform that envisions to streamline the present cloud computing domain. It has leveraged the potential of blockchain technology to democratize the entire cloud computing process. The decentralized platform addresses critical challenges associated with cloud computing system dealing with high downtime, security threats, inflexibility, etc. to provide an ecosystem that solves all aforementioned inefficiencies.
Expanding the Cloud Computing Landscape
Reindeer envisions to be the Github of cloud design. Github is a unique tool that has augmented the software product development process for more than 27 Million engineers across the world by offering them an extensive information repository and an effective platform to collaborate. Reindeer is developing the same kind of repository for cloud design creators to encourage creative minds on a global scale. In its repository, the platform intends to gather high-quality designs by cloud design creators from around the world. The platform also has a rewards system wherein creators get rewarded for their efforts. The database will be freely accessible to individuals to facilitate the creation of online content based on their preferred configuration.
Open Source Data
Reindeer manages its information in the form of open data, where any individual can create, store and share data. By offering free accessibility, the platform aims to maintain optimum searchability and reusability of the data. Over the past few years, there have been many security and privacy issues threatening the cloud computing landscape. By incorporating blockchain technology, Reindeer intends to address this issue in order to ensure transparent and secure information management.
Extensible Workflow System
Typically, many cloud computing platforms are restrained by complicated exchange of documents and approval processes. These organizations follow a stringent process that results in the development of complex and inflexible workflow. Reindeer’s decentralized processes enable it to develop a simplified and flexible workflow system that seamlessly facilitates every step of the cloud design creation process including collaborating, auditing, and ordering. It also has an interactive environment that enables developers to communicate and collaborate in order to create, store, and share cloud designs.
Token Sale and Fun Distribution
The Reindeer Token (RDT) is an ERC-20 Ethereum compatible token. Presently, one Reindeer Token is valued at 0.001 ETH. The platform is preparing to launch its first ICO on December 20th, 2018, which will continue till March 31st, 2019. The hard cap is valued at 200,000 ETH and 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 – User-Centric Cloud Computing Ecosystem
Reindeer is a democratized cloud computing platform that works towards creating an open information database to facilitate high-quality cloud computing services like Azure, AWS, GCP, etc. By offering extensive information to individuals, the system intends to encourage cloud design creators to showcase their unique designs and earn substantial returns in the bargain.
Learn more about Reindeer on :
Official Website: https://reindeer.tech/
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