Private Sale Announcement
CORTE MADERA, Calif, USA
FOR IMMEDIATE RELEASE
September 1, 2018
MediaRich.io Announces Private Sale of Upcoming ICO
MediaRich.io announced the kickoff of a private token sale for its upcoming ICO (Initial Coin Offering) on September 1, 2018. This coincided with the release of the new website which is to be in 9 languages. The Private Sale will close at the end of October 2018. Details are as follows: 500,000,000 tokens will be allocated for both the private and follow-on presale. The soft cap is set at €10M (Euro) and hard cap is fixed at €50M and will be market priced at the pre-sale in January. MediaRich.io is offering 50% additional bonus tokens for private sale participants. Bonus tokens will be redeemable 6 months after the close of the main sale.
Today’s very popular adoption of mobile, web and now blockchain enabled DApps (Decentralized Applications) has created a need for a reliable back-end technology that can be easily scaled and is low-cost. Nearly 100 million servers and more than two billion computers and mobile devices are running at any given time. Of those, roughly 30% are sitting idle. MediaRich.io intends on tapping into these resources and put them to effective use by creating a sharing economy for DServices (Decentralized Server Applications).
MediaRich.io is creating a first of its kind Content Generation Network (CGN) that reduces current infrastructure costs and lets anyone earn money with their unused CPU power. This unique Infrastructure as a Service (IaaS) offering is flexible, scalable and ideally suited for B2B and consumer organizations alike. This is the missing DServices platform for decentralizing server-side work needed to scale out virtually any client application and a pay as you go model.
MediaRich.io has coined the term “DService” to describe the services component of cloud-based applications and DApps that run in the CGN. The first DService – MediaGen, handles all kinds of content transformation, is time-tested and blindingly fast, has been licensed to deliver performance and scalable content services out-of-the-box. Anyone will have the ability to develop their own DServices and run them in the CGN. A new utility token called Dyncoin will enable any customer to pay as they go. This levels the playing field for any sized organization to make scalable client/server apps without all the up-front infrastructure costs. The native currency of the CGN, Dyncoin is used to pay for all consumption of services and to pay out to the many providers of idle computer time.
The purpose of the private sale is to fund the initial development of the project, expand the team and operations, to take the project through completion of the ICO.
For inquiries please contact us at email@example.com or on telegram @mediarichio, firstname.lastname@example.org.