Rados is building the analytical toolbox for modern cryptocurrency investors with the help of our community. Every time we complete an item on our roadmap we will publish a blog post announcing the release, where we will describe the inner workings and answer your questions about the new features.
Today we've updated our Pre-ICO website with the capability to securely generate a personalized address for every investor, which we will use in order to accept presale investments and keep track of everyone's referrals.
As we've mentioned in our whitepaper our Pre-ICO will be conducted on Litecoin blockchain, at the rate of 5 LTC = 1 STN.
Litecoin is definitely an unconventional choice for a token crowdsale. So why did we choose it? The short answer is because we only build on a solid foundation, and we will make sure our investors' money will not get lost like it happened to some other projects and will be put towards marketing, infrastructure, development of Rados and writing more educational content. Which is why, until we go through testing Saturn smart contract on the testnet, writing an automated QA suite and getting an independent security audit we will not be accepting ETH.
The long answer is that in light of the recent ethereum hacking spree we've turned our attention to the trustworthy and stable bitcoin blockchain. However, bitcoin itself is going through a rough patch and may be risky for a little while starting August, 1st. Even though experts may tell us that everything is going to be alright, this kind of risk is unacceptable when it comes to financial transactions. So once again, we were stuck looking for a platform that has a stable exchange rate, supports popular desktop and mobile wallets, has a track record of being immune to hacker attacks and has bitcoin and ethereum level tooling. And you guessed it right, we've found a platform that satisfies all of these qualities in litecoin.
Litecoin has been operating on the public internet for more than four years without a single attack that caused the network to lose someone's funds. At its core litecoin is very similar to bitcoin, which means we get to reuse a lot of the tools and technology built to programmatically interface with the blockchain. And yet, unlike bitcoin, litecoin has a faster block time and lower transaction fees which make it perfect for acting as a safe vehicle of value transfer (in contrast bitcoin, that is considered to be a safe means of value storage). In fact, more projects are now switching from bitcoin to litecoin for exactly this reason.
Investors interested in participating in Rados Pre-ICO can register on our website by either accessing it directly or by following a referral link of another participant. Once you've registered, you will see your referral link that you can share with friends or your online followers and get 5% bounty from referred investments. Once the Pre-ICO starts we will update the website and each investor will receive a unique litecoin wallet address where they deposit their LTC. You can send your LTC from any platform, be it your litecoin wallet, a cryptocurrency exchange like poloniex or coinbase or a converter app like changelly or shapeshift. After you send your funds and the transaction gets confirmed on the litecoin blockchain you will see the confirmation on rados.io website, along with your total investment in LTC, how many STN tokens that corresponds to, and how many STN you will receive from your referral bounty.
On September 1st, after we complete an independent security audit and publish Saturn on the ethereum blockchain you will be able to link Rados to your ethereum wallet and withdraw your tokens. You can hold these tokens as an investment or sell them right on the first day of our ICO using decentralized ethereum token exchanges like oasisdex, etherdelta, idex or cryptoderivatives.market.
Sign up today to be the first to know about our project and share the invite link with your friends, because only together can we build the most advanced and diverse cryptocurrency trading toolkit. And let us know if you have any questions in the comments section below.
