September 16-th held an Ask Me Anything session at ICO Speaks telegram chat. From the StrongNode there was:
💻 Daniel Saito – founder and CEO @StrongNode_CEO
My name is Daniel Saito and I am the CEO and Co-founder of StrongNode . StrongNode is an Infrastructure-as-a-Service tech company and innovation lab. We harness the power of latent and idle compute resources like CPU/GPU cycles, network bandwidth, and storage of the everyday common man/woman. In return, you get paid in StrongNode tokens [$SNE] when you lend your network and compute resources.
Let’s get started!
Q: What is the major goal of this project and whats sets it apart?
A: Right now, we are planning to have a successful IDO on starter.xyz (https://starter.xyz/) at the end of this month. Immediately upon releasing our tokens into circulation, we will open up staking and AMM farming. All developed on custom code and all code will be audited by rug doctors. We have several partnerships planned in the pipeline. Besides us having StrongNodeID as a platform for SSO across others, the other thing we do differently is we leverage open source technologies and add a payments layer underneath it. Ultimately, we are building a global edge network through access and monetization of idle resources.
Q: What makes the team behind it special/the best fit to accomplish the goal?
A: The core StrongNode team consists of C-Suite members that have commanded +10 exits to dates ($8.5B of exit liquidity to our investors). My CTO is Colin Charles (https://www.linkedin.com/in/colincharles/), early employee at RedHat (http://redhat.com/), Chief of Community at MySQL (http://mysql.com/) and co-founder of MariaDB server. We started with the concept of free software and needed to find a business model. Which then we pivoted the business to selling support. We grew community and users and customers and exit for $1B to Sun Microsystems (http://sun.com/). My CPO (chief product officer), Gil (https://www.linkedin.com/in/gilbashan/) works at Adobe and worked with numerous product launches with Fortune 500 companies. We took this opportunity to band together for a common cause and start StrongNode
Q: How are the advisors helping the project?
A: Each one of our advisors helps with multiple aspects of our company and project like strategic partnership and the core messaging of our technology and products. We also have some great people from the crypto and blockchain industry working with us You may check our website at StrongNode.io and learn more about or advisory board.
Q: How can we as individual end-users benefit from the StrongNode edge technology?
A: We utilize the consumers’ latent resources from your PC/MAC/LINUX [user environment] (cpu, bandwidth, storage) and use it for a batch processing cluster using the map/reduce method of sorting jobs and processing it with the $SNE token economic incentive to participate both as a broadcaster and a receiver. We have many other use cases planned as we scale out our node network with launching our innovation lab and all the fun platforms we have planned out to use the StrongNode technology. We will place mechanisms in place and people can engage by offering these services getting $SNE tokens. By ensuring your uptime and availability of your computer on the node network will allow for you to earn more tokens passively while browsing the web or watching netflix.
Q: How will enterprises and companies benefit from StrongNode network and ecosystem?
A: Yeah we believe in starting our proposal to solve UBI. UBI == Universal Base Income.
Enterprises and academia are some of our main users since they usually have the big data jobs that require analysis. AI, map/reduce, be it for covid analysis or even clickstream analysis. We also expect end users for the VPN portion, where you have an exit node on a residential non-commercial IP. Enterprise data sets are ideal for map/reduce from AI, Covid analysis to ad clickstream data. We want to attract SMB to large enterprises to tap into the network.
Well the calculations are based of large numbers, so we need to build a large community of users and get token circulation distributed.. It takes time, as ROME wasn’t built overnight.
But you can keep abreast of the price movement in our StrongNode pricing chat
Q: You have an upcoming IDO, what should we know about the $SNE token and its value for individuals or for companies?
A: Yes. Our IDO is almost here – happening around the end of this month with starter.xyz. Join us for our IDO and get to know more about the process of whitelisting yourself to participate through this link
The goal of the StrongNode IDO is to get the IDO launched and get it in circulation. This doesn’t happen unless we list, officially and have early folks get access to this great opportunity. Distribution is key for a token to be around, so we plan get token distribution to the far reaches of this planet, and hopefully make a difference.
Q: Is Token Burn for increasing the value of Tokens & attracts Investors towards Sta
project have any Coin Burn / BuyBack system or anyke for investments?
A: The unique function about this token is that there is a % tax on all transactions in a form of a “reflect”. This will be used to conduct token buybacks, and the other amount placed into a SAFU fund. Token burning is a fast efficient way to manipulate your token, less tokens in circulation more value it has. I get it. But it also is the a race to the bottom at the same time. We are looking to get a wide token distribution and burning tokens immediately doesn’t make sense at start. Later yes, something to think about.
Q: How can the COMMUNITY supports and help in the success of your project?
A: I am a firm believer in COMMUNITY drives product. It has been that way for well over my career. At MySQL, we were an open souce product. Our success heavily weighed in on COMMUNITY. Probably a significant amount of our $1B evaluation probably had to do with the amount of COMMUNITY support we had with MySQL. So you can definately expect COMMUNITY to be a BIG part of the Project.
Q:CAN you explain the background of your team? How will you and your team carry out this project during this current pandemic?
A: We like to think ourselves as a new startup “MADE WITH ❤️ FOR THE NEW NORMAL” and would like to attribute this as computing for a purpose. COVID hit us all hard. We were all secluded from everyone and the way we spend our time changed. We wanted to do our part in help solve this problem. So we worked with our clients (who are now our SEED & PRIVATE investors) as they wanted to reduce their computational costs to processing NGS files (genome sequencer output files). They need to identify COVID infections at a faster and cheaper model. This is how the idea initally began.
Q: I really like your project. What areas are you focusing on the most? And what is your focus this year and next year? And what is most important in your project?
A: Thanks. We will first work on harnessing your computational resources first. This will produce a farm of CPU processes to help tackle some of the worlds toughest mathematical proofs to looking for aliens. Then we will work on enabling the network stack, and you can expect products like VPN and proxy. There will be other services that will launch including gaming servers on the edge.
Q:Do you have AUDIT credentials or are you working to AUDIT your project,” to make it more than secure and reliable?
A: Yes, we plan on getting everything audited from our smart contract to our source code as we will make it available online after it is all certified. We will goto the extra extent to pen test the network and mitigate any security related considerations.
Q: Is your platform suitable for Crypto beginners? Or does it only appeal to professional users?
A: We want to target a new crypto demographics. A demographic that passively earns income. They don’t immediately need know about crypto but we plan to educate them. But the app also offers different level of involvement. You can go full dev or degen on the app too. But the default setting is set to newb.
ICOSpeaks hosted an AMA Session with the StrongNode Team. That’s all for today.
Thanks to all users who participated.
Thanks, StrongNode for being with us
Thanks, all and see you soon😉
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