So what exactly is Rados?

Rados is a collection of tools and services for cryptocurrency traders and investors. We plan to have the following on our platform:

Realtime data from exchanges, the blockchains and community forums, such as telegram, slack, reddit, wechat, etc.
Analytics built on this data. We believe that machines are great at sifting through data, while humans are best at interpreting it. As such, we want to provide both the raw statistical and quant algorithms, as well as educational content where seasoned traders and market experts will share some of their wisdom with our subscribers.
Signal builder. Write your own rules in our easy to use editor and get alerted whenever they trigger. For example, you can set a notification for when a cryptocurrency gains 50% in volume in one hour, or when rados's AI detects an upcoming "dump" with high confidence.
Investor forum. We want to foster a friendly international community of traders, investors, entrepreneurs and engineers. Because ultimately, we are all engaged in cryptoeconomics not because of the technology, but because of the people involved and the breathtaking innovations that they come up with.
Learning portal. If you're an engineer who wants to learn more about finance, or you're a trader who wants to learn to code to become more productive, or you're an investor who wants to learn how to assess long-term value of a cryptocurrency or an ICO - we've got you covered. We will work with our community to find the topics that everybody wants to learn more about, and we will find the right people to teach a course on our platform, which will function much like coursera or udacity.

And more products will come later. Some of the products will be available for free, while premium features will require an active subscription. Every premium feature will require a certain amount of Saturn to be paid monthly in order to be activated.

We will share a part of our recurring revenue with every Saturn token holder in the form of dividends. The better service we offer, the more users we have, the more dividends you earn. Stay tuned to the release of Saturn whitepaper to find out more about the dividend structure.

Why did you decide to build Rados?

It was a natural response to the frustration caused by how little data is available on the market. If you want to get into trading stocks you should have no trouble acquiring historical datasets in order to get acquainted with the market and test out your strategies. When it comes to cryptocurrencies though, exchanges don't want you to trade smart and do not provide you with their historical exchange rates. We believe this is short-sighted: it's much better to educate and welcome new investors in order for the cryptoeconomy to take off.

Where is the team page on your website?

We do not like the current trend of attaching identity to the blockchain like most other projects are doing. There are two ways to develop cryptocurrency projects: the Satoshi way and the Buterin way. The Satoshi way means build secure technology and get people's buy-in based on the technological superiority and respect for everyone's freedom and privacy. The Buterin way means lend your photo to any venture capital backed startup for a share of profits without actually contributing anything to the project, and bend over in front of any big money investor. While we appreciate what mr. Buterin is doing for cryptocurrency adoption, we strongly believe that the new decentralized economy should be built the Satoshi way. This way you'll actually care about the idea and how it works under the hood and not just play the reputation game. Vitalik himself seems to have reconsidered participating as an advisor to ICO projects, making the case for the way we conduct our business even stronger.

The Pre-ICO will last for a whole month and we'll be regularly pushing updates to our blog and our website, so you'll be able to assess our competence based on what you see. Actions speak louder than words.

How Rados is related to Saturn? Why two different names?

Saturn is an Ethereum token that is meant to be used as programmable money for the new generation of online businesses. Rados is the first of many businesses that will accept Saturn as the payment currency.

Why you haven't included Saturn whitepaper into original whitepaper?

Rados takes more time to build and is crucial for the whole ecosystem, hence we started working on it earlier. Once we complete development of Saturn smart contract and hand it off for third party security audit we will release the Saturn whitepaper. Register on https://www.rados.io in order to not miss the announcement!

What will happen to unsold tokens?

Tokens that will not be sold during our Pre-ICO and ICO will move to the "dev and operations" pool. We plan to sell them on our website at market price to make it easier for newcomers to join our platform.

Why the price is so high? Do you really need 40 millions on this project?

The price is not high, but realistic. We plan to build the centerpiece of a number of analytical and trading services on top of Rados, and that requires having low latency networking, high-availability servers and a GPU cluster for realtime deep learning applications. To give you a perspective, here's how much top internet companies spend on their server infrastructure:

Snapchat spends $400,000,000 / year on Google Cloud, and $200,000,000 / year on AWS
Spotify spends at least $3,500,000 / year for just one Google Cloud service

And these companies operate in environments that require way less compliance and high availability requirements. If Snapchat goes down - you won't be able to send messages. If Spotify goes down - you won't be able to listen to music. If Rados goes down - you may miss an important market event and lose your money.

Given how much these companies spend, the question then becomes Will you have enough money to keep the servers running?

We do not treat our ICO as "$40 million dollars". Instead, we treat it as "150,000 LTC and 176,750 ETH". Simple facts:

Our server costs are billed in US dollars and are proportional to the number of tracked cryptocurrencies and number of users.
Our number of users is proportional to the number of people involved with trading or using cryptocurrencies.
Cryptocurrency market cap grows proportionally to how many people are using it.

As such, while our server costs will go up in fiat as we add more cryptocurrencies and serve more users, our costs in ETH are going to stay flat. Combined with recurring revenue from our premium services we will have enough on our balance sheet to keep providing you with the best services 24 hours a day, 7 days a week, for years to come.

Got more questions?

Leave a comment under this post or send an email to [email protected] and we will include it in our FAQ part II.

Rados Pre-ICO FAQ (part I)