Rados is a collection of tools and services for cryptocurrency traders and investors. We plan to have the following on our platform:
And more products will come later. Some of the products will be available for free, while premium features will require an active subscription. Every premium feature will require a certain amount of Saturn to be paid monthly in order to be activated.
We will share a part of our recurring revenue with every Saturn token holder in the form of dividends. The better service we offer, the more users we have, the more dividends you earn. Stay tuned to the release of Saturn whitepaper to find out more about the dividend structure.
It was a natural response to the frustration caused by how little data is available on the market. If you want to get into trading stocks you should have no trouble acquiring historical datasets in order to get acquainted with the market and test out your strategies. When it comes to cryptocurrencies though, exchanges don't want you to trade smart and do not provide you with their historical exchange rates. We believe this is short-sighted: it's much better to educate and welcome new investors in order for the cryptoeconomy to take off.
We do not like the current trend of attaching identity to the blockchain like most other projects are doing. There are two ways to develop cryptocurrency projects: the Satoshi way and the Buterin way. The Satoshi way means build secure technology and get people's buy-in based on the technological superiority and respect for everyone's freedom and privacy. The Buterin way means lend your photo to any venture capital backed startup for a share of profits without actually contributing anything to the project, and bend over in front of any big money investor. While we appreciate what mr. Buterin is doing for cryptocurrency adoption, we strongly believe that the new decentralized economy should be built the Satoshi way. This way you'll actually care about the idea and how it works under the hood and not just play the reputation game. Vitalik himself seems to have reconsidered participating as an advisor to ICO projects, making the case for the way we conduct our business even stronger.
The Pre-ICO will last for a whole month and we'll be regularly pushing updates to our blog and our website, so you'll be able to assess our competence based on what you see. Actions speak louder than words.
Saturn is an Ethereum token that is meant to be used as programmable money for the new generation of online businesses. Rados is the first of many businesses that will accept Saturn as the payment currency.
Rados takes more time to build and is crucial for the whole ecosystem, hence we started working on it earlier. Once we complete development of Saturn smart contract and hand it off for third party security audit we will release the Saturn whitepaper. Register on https://www.rados.io in order to not miss the announcement!
Tokens that will not be sold during our Pre-ICO and ICO will move to the "dev and operations" pool. We plan to sell them on our website at market price to make it easier for newcomers to join our platform.
The price is not high, but realistic. We plan to build the centerpiece of a number of analytical and trading services on top of Rados, and that requires having low latency networking, high-availability servers and a GPU cluster for realtime deep learning applications. To give you a perspective, here's how much top internet companies spend on their server infrastructure:
And these companies operate in environments that require way less compliance and high availability requirements. If Snapchat goes down - you won't be able to send messages. If Spotify goes down - you won't be able to listen to music. If Rados goes down - you may miss an important market event and lose your money.
Given how much these companies spend, the question then becomes Will you have enough money to keep the servers running?
We do not treat our ICO as "$40 million dollars". Instead, we treat it as "150,000 LTC and 176,750 ETH". Simple facts:
As such, while our server costs will go up in fiat as we add more cryptocurrencies and serve more users, our costs in ETH are going to stay flat. Combined with recurring revenue from our premium services we will have enough on our balance sheet to keep providing you with the best services 24 hours a day, 7 days a week, for years to come.
Leave a comment under this post or send an email to [email protected] and we will include it in our FAQ part II.
