Ethereum rival Razormind to start public presale of blockchain DeOS tokens on July 15

Crazy Review : Ethereum's rival Razormind has disclosed the details of the public pre-sale of the DeOS token DEOS. The DEOS token can be used to register smart assets, register identity information, and upload smart contracts. The result of further development is that it can be used to purchase decentralized storage. The company must be very confident in the security and potential of the upcoming project-based blockchain and smart contract tokens. This is a secure public chain that can be used by companies or individuals for free. The company is building these applications for "registered" bank customers around the world.

Translation: Nicole

Ethereum rival Razormind has released details of the public presale of its DeOS token, DEOS, a platform for withdrawing funds, which will begin at 12pm (GMT) on July 15.

DEOS tokens can be used to register smart assets, register identity information, upload smart contracts, and further development will allow them to be used to purchase decentralized storage.

Confidence in safety features

Companies must be extremely confident in the security and potential of the blockchain and smart contract tokens based on the projects they are about to launch. A series of problems have hindered the development of Ethereum, starting with the problems that arose from the DAO experiment.

DeOS was created two years ago, after episode 177 of 'Let's Talk Bitcoin', and opened up the DeOS platform as a proof of concept for a month. During this time people had access to the platform, a full desktop and office. At this stage they had 27,000 daily active users, so they knew it worked and scaled, and I believe they were confident enough to move on to the next phase. This time their focus is on smart contracts, a secure public blockchain, free for companies or individuals to use.

They say they are a blockchain company building banking use cases, claiming to have over 30 proven banking blockchain project use cases built, delivered across the financial industry, targeting specific pain points.

The company is building these apps around the world for “signed up” bank customers.

Razormind’s CEO, Jawad Yaqub, shared details of the public presale with Cointelegraph.

CoinTelegraph: Mr. Yaqub, when will the public pre-sale go live?

Jawad Yaqub: The public presale will start at 12:00 PM (GMT) on July 15th. The DeOS public presale is supervised by the Omni Foundation. They have access to all transaction information, and the Omni Foundation executives act as trustees for DeOS. Razormind cannot access the funds without the approval of the foundation, and we are also working on ways to protect all funds in the public presale.

CT: How will this money be put to work?

JY: DeOS funds will be used directly to fund and maintain the first few generations of DeOS networks, as well as to develop, configure, secure, test, monitor, analyze, and scale the seed network, data layer, etc. Part of the funds will be used to develop and launch the following DeOS features: user desktop, decentralized storage, decentralized computing, language integrated development environment, and Dockerised deployment.

It is estimated that one of the major features listed above will be released every month, the final beta version of distributed computing will be released in November, and it will be officially launched in December. As the project develops further, we will regularly update and release the DeOS platform. Resource evaluation and payment performance will be set to be visible to the community.

This is in keeping with our commitment to transparency. In short, when you buy DEOS, you get early and exclusive access to the DeOS platform. You get the blockchain that you can use to register transactions and trade assets, as well as store information in a secure decentralized cloud platform. You are joining a human family that is all about making our lives better in the digital world.

CT: What is the price of DEOS token?

JY: July 16th - Week 1: 1000 DEOS

(Unit: D)/btc (Bitcoin), July 22 - second week: 500 D/btc, July 29 - third week: 250 D/btc, August 5 - fourth week: 125 D/btc, August 12 - fifth week: 50 D/btc, August 19 - sixth week: 25 D/btc.

CT: Are there other ways to get Bitcoin?

JY: 1. Exchange your smart assets for DEOS or cash. 2. Write a smart contract for DEOS payments. 3. Buy DEOS from a bank, store or online.

CT: How long will the public pre-sale last?

JY: The public presale will be open for 42 days, or until all Ds are sold out.

CT: How does the public pre-sale work?

JY: All you have to do is sign up via email, get a BTC address, send as much Bitcoin as you like, and when the presale is over, the DEOS will be sent to the BTC address. When you send from a Bitcoin address, it is guaranteed to be sent directly by you; there is no exchange, Coinbase, Circle, etc.

All received Bitcoins will be stored in a multi-signature wallet. This prevents the failure of receiving funds, whether it is a problem at some point, theft, loss of keys or one of the parties cannot access the wallet. Some keys are kept by external accounting firms.

You can sign up for the public pre-sale by emailing [email protected], which starts at 12pm on July 15th.