Binance Ico Review : Fast, Profitable Projected Storage of Document.


All of us, irrespective the age, are witnessing information era matured. This is the time of boisterous technological, economical and scientific development that became possible thanks to the most valuable resource of time i.e. information, and possibility to exchange it promptly. Amount of data, which generate selves, or those generated by devices we apply is a huge layer of personal, social and commercial info, which can show others where are we going, what are we doing and whom with.But with the spread of distributed ledger technology (hereinafter “blockchain”) and the possibility of decentralized storage and processing of information, you have a choice with whom you want to share information, and with whom not. Do not trust the information of a single source and rely only on the authority of the company that stores it. Decentralized and secure storages around the world are the new standard where the only data owner is you and no one else, no matter where it is stored at a particular time.Besides, recently, young and ambitious competitors appear who take data storage decentralization as the main principle. Projects (Filecoin, Storj, Sia etc.), which use their own solutions for data storage. Their basic problem, from our point of view, is difficulty to implement and popularize own blockchain, or dependency on a single blockchain platform,
and desire to compete with classic giants.

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Basic Information

Total =  440 000 000
Pre-ICO 1CST = $0.08 13 000 000 1 040 000
ICO (pre-sale) 1CST = $0.12 183 333 333 22 000 000
ICO (crowd-sale) 1CST = $0.16 61 000 000 9 760 000
System fund = 49 950 000
Major investors’ bonuses  = 36 666 667
Team = 6 600 000
Advisers = 7 000 000
Bounty =  20 000 000
Referral program = 3 050 000
Total  = 440 000 000 32 800 000

Basic permission system

Casper access right system enables user to determine which other users may have access to file. In IPFS each file is addressed by hash value calculated by file content. Hash value is constant, and file is accessible at address to arbitrary number of users. For Casper addressing shall be de-linked from file content, and generated as UUID. Service provider shall act as provider, which offers file list at his hard drive via IPNS protocol. User to grant
access to file shall send its UUID to another user. To cease access, user shall modify file’s UUID via smart-contract. provider shall update file’s UUID in the list, which is issued via IPNS. The file at the old UUID shall cease being accessible.

Flexible permission system

Basic system of rights makes access cancel operation labor-intensive, especially when file is opened by manifold users, and one of them shall be excluded. Owner shall issue new UUID for the file, and it shall be disclosed to all users, which will continue to have access. Flexible system of rights is connected to the fact that info about the users, which have access to the file is transferred and kept at provider’s for every chunk. Capability to chunk of size to 2Gb determines that info about the system of rights will take comparably small space.

Issue of Casper Tokens

Casper issues its own monetary unit – Casper token or CST, which is used for payment settlements within the service on all blockchain platforms and to purchase franchise by service providers. After being issued at ICO the tokens will be freely traded at exchange.

Token Sale at Exchange and Renting

Casper’s smart-contract will be written according to ERC20 standard. It will be possible to put CST tokens for sale at exchanges. Exchanges enable smart contract token free trading according to ERC20 standard. Many exchanges offer additional possibility to rent tokens under flexible conditions. So CST token will be traded and rented at many exchanges. For Casper economics, CST renting service is important possibility. Free CST circulation at exchange can make its value too high for rapid payback of registered for 1 CST memory volume. It can become barrier for service development. Leasing keeps financial attractiveness for purchasing tokens even at a high market price. Lease of CST tokens will allow a person who invested in CST to begin return of investments earlier while providing providing clear economics to the service provider, who rented the tokens.

Casper Tokens


Tariff policy

Basic tariff policy stipulates user’s payment for used provider’s resources i.e. for keeping Gb of data per month, and for data download per Gb. Provider for keeping Gb of data and data download per Gb will receive payment in CST according to the tariff defined in smart-contract considering provider’s scoring. User, when adding a file, shall make downpayment estimated for the file storage time required thereby according to the tariffs in smart-contract; smart-contract will select providers for file storage automatically. Once the file is saved at providers’, smart-contract shall commence sign-off payment for storage from downpayment made by user on a monthly basis. Should user delete file from the service, user will be returned with not-used part of downpayment.





Also Read – Binance Review – Best Altcoin Trading Platform

[su_quote]This article is writing on 03 April,2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282[/su_quote]


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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.


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