If you are at least a bit familiar with cryptocurrency market, you may already know that there are plenty of different ICO projects — from vehicle recovery to debit cryptocurrency cards. ICO market is developing pretty fast and this way of attracting investments is already bringing more money than venture investments. That's why every single new market player desires to get your investments and that does not always mean fruitful cooperation for both sides.
Today we will talk about rather new project Boosteroid that started its ICO on October 23rd. We'll look at its features and try to find out whether it is going to be a pretty successful ICO project or it will join other failure startups.
Boosteroid is obviously not the first to offer cloud computing services for different purposes such as gaming, calculations or analytics in IT. Figures show that the demand for high-performance computing resources is rather high: according to analysts forecasts total expenses of cloud users are to reach approximately $246,8 billion in 2017, whereas only two years ago it was around $70 billion less.
In fact, these guys just want to create a product with as good hardware as Amazon Web Service or Microsoft Azure has. But it will be much easier to use it in terms of user interface and registration. Another key difference - one hour of “supercomputer” work will correspond to 1 BTR token - Boosteroid digital currency.
The fact that the service is tied to a digital currency is probably an advantage as it keeps BTR away from serious fall on the exchange and creates a basis for it to increase. Considering the ICO itself, Boosteroid runs it in three stages offering to buy tokens at the minimal price and increasing the price from stage to stage. Here Boosteroid founders ensured a good guarantee for future investors.
Having bought BTR tokens, investors will not just wait for its exchange rate to increase and then try to sell it on cryptocurrency exchanges. In May, 2018, after the service is launched, first users who will pay for Boosteroid cloud services rent with fiat money (USD, EUR) will ipso facto automatically buy BTR tokens from investors on cryptocurrency exchange.
So not only investors will definitely be able to sell their tokens but also make good money. At the first ICO stage the initial BTR price is $0.48 and by the end of the third stage it will be higher than $2,5.
Analysts expect token rate to increase up to $6 by May 2018, which is 12-times higher than token initial price. This allows Boosteroid to compete with such behemoth as Amazon, that offers its services for 10$ per hour. Even if you're not in IT and not really passionate gamer who seeks for high computer performance at low prices, you can still make money out of Boosteroid ICO. Thus, you can buy for example 100 tokens for a total of $48 at the first ICO stage and you’ll have $278 by the end of the third ICO stage. And in case token rate increases up to $6, this sum will become twice higher.
Rather good math, isn't it? The key point of this entire profitable system is project implementation. Here Boosteroid also has some tricks up its sleeve. The team says that they are running the ICO only to attract additional funds and expand their computing facilities. The project already has supporters who are ready to help implement it regardless of ICO results. So the actual risks that investors face appear to be rather low.
So the answer to the question if this startup will be successful is probably “Yes”. In case of a positive outcome of all implementation stages the startup can be rather profitable for its investors, as well as can become a new player among cloud computing market giants.