Interview With Boosteroid CEO Ivan Shvaichenko

The second stage of Boosteroid token sale starts on November 27th, 2017. Boosteroid is one of the most expected projects and has a number of significant advantages comparing with other ICOs held so far. Project founder Ivan Shvaichenko told us about the project, who will benefit from it and what problems it will solves.

Could you explain, what is Boosteroid?

Boosteroid – is a cloud services platform providing convenient access to computing power, storages and different software products. Cloud computer will help users fulfill a number of tasks.

It will be possible to process video, create 3D-graphics, play games that require high computer performance, carry out machine learning and many other things. Users will be able to connect to the service even from the most low-performance PC.

Even a child will be able to launch a cloud computer.

So your plan is actually to compete with Amazon Web Services, Microsoft Azure, Google Cloud. How are you going to share the market with such giants and what are your advantages?

Exactly. We are going to compete with them. First of all, nowadays market leaders provide very high rent of computing power.  Secondly, users should learn many instructions and watch a number of tutorial videos to rent computing power. This requires much time and efforts. The idea of our project is to create a service that will provide access to computing resources just in two mouse clicks. Moreover we will develop user-friendly interface that will allow to select the needed amount of power and it will be easy even for users, who have purchased their first PC a couple of days ago.

How many people are there in your team now?

There are around 40 people working on the project.

You’ve issued your own cryptocurrency BTR before the ICO. What is its value for investors and what profit will token holders get?

Unlike in many other projects, our BTR corresponds to a real service – 1 token equals to 1 hour computing power rent*. So, it’s not just ineffective promises.

Investors will be able to rent computing power for BTR tokens or exchange them for other digital currencies or fiat money on exchanges and gain profit.

We will create a demand for BTR. After our service is launched we’ll start purchasing tokens for fiat money paid by users who rent our computing facilities. Considering a large number of users and a limited number of released tokens, BTR exchange rate will increase and investors will get maximum profit. All unsold and undistributed  tokens will be destroyed and tokens accepted as a payment for the service will expire so there won’t be too much tokens on the market.

*1 BTR = the cost of one hour computing power rent on the basis of eight NVIDIA GeForce GTX 1080 Ti graphic cards; two Intel Xeon E5 2680v4 processors; RAM 256Gb; SSD 960Gb.

Why does your ICO includes three stages?

This is because we don’t need the total amount of investments at once. The funds raised after the first ICO stage will be used to set up electricity connection, get the premises ready for the setup of equipment and to begin the operation of our computing facilities. We will also use these investments to continue development of software to create convenient access to computing power. The money we get after the second ICO stage will help purchase and set up the equipment and launch computing facilities. Finally, the funds attracted during the third ICO stage will be used to further expand our computing power.

You plan to launch a cloud computer in May, 2018. Is there any project demo?

Yet in the end of November, 2017 everyone will be able to test Boosteroid computing power on our website. Despite the fact that we launch our service with limited functionality, the users will still be able to enjoy all Boosteroid advantages mentioned above.

What can negatively affect implementation of your project?

We are already building our computing facilities and we will expand them regardless of the ICO results. So there are actually no risks in project implementation.

Did you calculate the profitability of Boosteroid?

The maximum payback time of our project is 3-3,5 years.

What’s the team doing right now?

Now we mainly focus on getting ready for the second ICO stage, that starts on November 27th and will continue until December 11th, 2017. There will be 300 million BTR tokens available for sale. Right after the 2nd stage there will be the 3rd, final stage that will take place from January 15th to February 15th, 2018.

You can find out more about the project here: https://boosteroid.com/