Press Release
For Immediate Release
July 30, 2016
Razormind’s DeOS Crowdsale announces OpenLedger DEOS Sale
OpenLedger have secured 50,000 DEOS for immediate sale and trade on and open cryptocurrency exchange.
Belfast, Ireland — To date, Razormind’s crowdsale for its blockchain powered DeOS (Decentralized Operating System) has raised 3,721 BTC (US $2,447,152.) in exchange for DEOS tokens, the platform’s provisioning currency.
DeOS is a global public blockchain as a service which will allow users to securely register their assets, identities, auditable records, data, and run smart contracts without the pay-as-you-go 'gas' model as with Ethereum.
DeOS and OpenLedger
After extended discussions with the community, crowdsale participants, and several exchanges Razormind is pleased to announce OpenLedger as the first exchange to be granted DEOS to make available for purchase and trade. The move brings DeOS closer to the needs of traders who want to work with DeOS Tokens day to day, and Open.DeOS balances on the exchange will be honoured as DEOS when the crowdsale ends on August 26th.
Nearly four of 10 million DEOS tokens have been sold in two weeks involving over 345 participants.
The amount raised fulfills the minimum threshold needed for development of the platform according to Razormind’s published timetable, which can be reviewed at razormind.co.uk.
“It is far more than we had expected at this point so I am in equal measure grateful and conscious of the responsibility this places on us,” said Jawad Yaqub, CEO of Razormind and creator of DeOS. “I could not have done it without our team.”
TEAM
Razormind’s DeOS project is staffed by industry veterans from Northern Ireland, where the company is registered.
The DeOS Blockchain
DeOS works by using blockchain technology as a register for a decentralized network of computing resources, utilizing seed nodes to verify network transactions and to create blocks.
“DeOS blocks,” explained Yaqub, “are much richer than current Bitcoin blocks; they hold monetary transactions, yes, but also data, documents, smart contracts, smart assets and audit information. We wanted something useful day-to-day.”
The system, while original, isn't new. It was featured two years ago and was followed up with a month-long proof of concept process, during which extensive feedback was gathered to improve the overall product.
After a month the platform had acquired 27,000 active users, mostly those using the DeOS Desktop and DeOS Office systems, while another segment of users had already begun to develop smart contracts and to write programs ready to be compiled into DeOS bytecode. This led to the development of mobile DeOS nodes and mature DeOS cellular applications.
The company will be gifting its existing codebase to the DeOS Foundation to open source the data, along with one million DEOS to test and finalize development of the platform.
“Razormind will not own any DEOS after the sale,” said Jawad.
The DeOS crowdsale will be open until Aug. 26. Register by visiting razormind.co.uk/crowdsale or by emailing deos@razormind.co.uk.
The price of DEOS will be 1,000 per one Bitcoin (BTC) until Friday July 29, after which it will be 500 DEOS per BTC until the final valuation change of 250 DEOS per BTC on Aug. 12. Visit razormind.co.uk for the full breakdown.
The Decentralised Conglomerate has struck a deal with Razormind Ltd. to allow a special deal for OpenLedger users where it is possible within the following 24 hours after initial end of level 1 as of yesterday Friday 29th – to still obtain DeOS equivalent via the ICO-subscribe service thus benefitting the DC and its holders by giving them a shot at a promising offering. The amount of 50 000 Tokens have been made available
- First Come - First served.
This special offer with preferential terms can be carried out via the dedicated ICO escrow account on OpenLedger, called ico.openledger (with the name of the ICO and in this case DeOS in the memo field).
NB! Please remember - DEOS is not meant as an investment vehicle or any form of security - Purchase Terms as found on http://razormind.co.uk/crowdsaleSubscribe now!Remember to enter in memo: DeOS
About Razormind
Razormind provides enterprise solutions to industry's most pressing problems, offering core expertise in technologies including artificial intelligence, big data, blockchain and customer care teams to ensure top-class support and peace of mind. Razormind partners with clients to deliver their vision, developing innovative and elegant solutions that reflect the changing competitive, technological and regulatory environment.
About OpenLedger
OpenLedger is a peer-to-peer cryptocurrency platform for high-speed transactions, allowing users to trade assets securely and with low fees. OpenLedger is built on top of the MIT-licensed Graphene technology of BitShares 2.0 and is the foundation of the Decentralized Conglomerate: an ecosystem of interlinked and mutually-supporting companies. It is also known as the DEX – The Decentralized Exchange.
More information: https://www.ccedk.com/dc/openledger
Media Contacts
Phil Sturgeon
Director, Razormind
phil@razormind.co.uk
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