CASPER api ICO

The project places itself as the first decentralized platform for cloud storage. Everyone should have a major question, what is its difference from other similar platforms?

In this project, the Casper team attention on solving a very serious problem faced by DApp which is developers of the decentralized application. This project apparatuses the Casper API. With this solution, any decentralized submission on blockchain will be able to use the Casper API to store the data of its users. This solution, together with the way of organizing the network of storages and the degree of defense of the communicated information is the best in its way and is proposed to motivate the enlargement of DApp applications. Casper will be the firmest and most steadfast way to store information for DApp. The principle of data dispersal will be based on a variety of providers providing their free disk space and information transfer channels. Also, the Casper platform will be of interest not only to DApps developers and organizations but also to regular users who want to store their personal information with a high degree of dependability. Casper is a safe and consistent utility for DApp based on Ethereum platform. The project also provides developers with DAPPs to create distributed programs with a high user UI. it is a tool for ensuring decentralized storage of application data and its users, characterized by convenience, low cost of tokens and security

Casper Technologies

Developers managed to create a completely decentralized repository, operating under the management of a smart contract. Casper pairs the P2P blockchain platform with a storage unit network, which stipulates HDD file storage service to users, while storage units guarantee the network is functioning appropriately. Casper may be used by services that are more standard as well. At this level, Casper will begin modeling a competition for captain cloud services, such as Amazon.

How it works

· DApp asks the smart contract for a place to download content.
· A smart contract finds it and sends the coordinates to the server
· When loading data, Casper API copies to 3 additional servers and saves replicas.
· As a result, the loss of one of the servers does not lead to loss of information, since the data storage system has 3 more copies.

Why this platform is based on P2P ?

Peer-to-peer, decentralized, or peer-to-peer network is an overlay computer network based on the equality of participants. Often there are no dedicated servers in this network, and each node (peer) is both a client and serves as a server. Unlike the client-server architecture, this organization allows you to keep the network working at any number and any combination of available nodes. The participants in the network are feasts) whose participants provide resources for performing transactions and performing calculations. Casper complements the P2P block-platform platform with a storage network that provides users with a file storage service on hard disks and maintains the network. The storage network can be connected to several block platforms, currently, one Ethereum platform is selected. To connect storage to the network can be an arbitrary person who has good equipment at home, or a data center of the regional scale, which will be interesting to fill unused capacity. Each member of the network will receive payment for the provision of storage services. The system of regular inspections of suppliers, rewards, and penalties — Casper, is configured to motivate participants to act in their own interests, independently of each other, maintaining the stability of the P2P network. Participants form a decentralized, independent, not controlled by one person or organization network for data storage

Benefits for CST Owners

CST (Casper token) is the main component of the developed ecosystem that is used as an internal currency. The entire volume of tokens will be released during the ICO period, 1 GB of storage space = 1 CST.

The CST token will be released as part of the ICO by a separate smart contract under the ERC20 standard. Tokens issued during the ICO will be traded on the exchange. Tokens purchased in the course of preICO can be converted to smart contract tokens for ICO using the exchange method of a smart contract. After the end of the ICO, the tokens purchased during it can be converted into the CST tokens of the working smart contract.

CASPER API planned amount of raising funds through the sale of tokens is $ 31,800,000. The minimum threshold for raising funds is $ 4,800,000. The sale of the tokens will be via the Ethereum smart contract at the current USD / ETH rate at the time of the purchase of the token.

Termination conditions for ICO: all tokens are redeemed either in two calendar months.

The main conditions for the ICO

1. ICO will be conducted on the basis of Ethereum, using a smart contract

2. The release or mining of CST tokens after the completion of the ICO will not be possible

3. If during the ICO period the minimum threshold of attracted financing is not overcome, then all collected funds will be returned to the senders. In this case, funds raised under the PreICO are not subject to refund.