Buddy. ICO Review
Before reading this article, I would like to ask you to take a look at the home screen of your smartphone or tablet and count the number of apps created by third-party developers. Many of them really help us in everyday life. Thanks to the Uber app, we can not only call a taxi to the house, but also order fresh and delicious food. A voice assistant Alice, developed by Yandex, can provide weather forecast, read the latest news and even find out the name and the author of the song playing on the radio. But can you say with 100% certainty that these apps are safe and that they do not share your personal data with third parties? Unfortunately, a similar situation exists in blockchain networks. Studies of large laboratories have shown that about 50% of the total number of smart contacts are unsafe. But this technology is the basis of most projects related to cryptocurrency. However, the startup, which I want to talk about today, can solve this and many other problems. It will be about Buddy platform.
So, what is this project and what are its advantages?
Buddy is a completely new platform for self-realization, where every talented developer will be able to download their application and thus provide a convenient tool that greatly simplifies the lives of people.
The main advantages of this development are: first, the autonomy of the servers, which makes them completely independent of people and, as a result, allows everyone, regardless of gender, race or religion to use this platform, and, secondly, full automation, which eliminates breakdowns in the system associated with the human factor, and allows developers to focus on creating new programs without being distracted by solving problems in the network.
In order to make the work of your project even more convenient and secure, the team of creators plans to release its application. And you, as a potential user, will only need to create an account and read the rules. Next, a special security audit will check the accuracy of the data and enter you into the user database. After the fulfillment of these easy conditions, you become a full member of the team and can both upload your applications and download other people's development.
For the safe operation of the system, the developers have signed a contract with the Software Reliability Lab, which will constantly analyze the network for vulnerabilities and suspicious users. This agreement allows us to state with full confidence that the Buddy blockchain consists only of verified smart contacts. In order for the project participants to be able to earn money by selling their programs, contracts were concluded with companies that occupy leading positions in the top IT-developers. If I started listing them all, it would take a few hours, so I will name only the most famous: Google, Microsoft, Amazon, and so on.
Information about tokens, ICO and distribution of funds between users.
For the successful operation of the network, the creators have developed their own Buddy Token, labeled (BUD). The introduction of this token is due to both the security and transparency of all transactions within the network, and its use as a reward for developers actively working with the system. It is not difficult to get this token, as it is built on the most common ERC20 format and can be purchased on any crypto-exchange in exchange for Ethereum. The price of one cryptomonad amount of 0.0002 ETH. The planned sales start date is scheduled for August 1, 2018.
At the same time, the developers do not name the closing date, because they do not have the ability to calculate the Soft cap, or, in simple terms, the project does not have the minimum amount necessary for the implementation, because for the functioning of the blockchain, it is not the invested finances that are important, but the joined users. According to the research, about 470 million BUD tokens are needed for the perfect functioning of the network. Only in this case the network will be able to process data as quickly and efficiently as possible.
As for the distribution of tokens, the developers offer the following scheme: 60% of the total is allocated for the development of the project (as payments to users), 15% as a reserve Fund, the creators leave 20% and another 5% goes for various needs.
A few words about the development team.
Simon Juankoski – founder of the company. In the past, he was engaged in the creation of an IT-project and their subsequent implementation both in the military industry and in large auto concerts. Among his former clients are major car manufacturers such as Ford and Mercedes Benz.
Rafael Svirok technical Director, the head of many scientific communities working for the army. He has been involved in the design and development of major mapping services used by the NATO Alliance to this day.
Thomas Corwin-Hajkowski is the network architect of this project. Together with his team, he developed not only the Buddy blockchain, but also the token of this startup.
Well this project certainly has a right to exist. But, unfortunately, the reality is that at the moment it will be of interest only to IT-corporations and software developers. The average user simply will not be able to assess the full potential of this technology. In any case, I want to wish good luck to the developers, I really liked their child and would not like to be forgotten about it as an IT-development that has not found its audience. That's all! Thank you for reading my article! Until next time!
TELEGRAM 1: https://t.me/buddytoken
TELEGRAM 2: https://t.me/buddytoken2
Bitcointalk user name: Asadovski
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Author: Michael Page.