Crowd Machine: Powers Machine. We disrupt multi-trillion dollar industries
Crowd Machine is an advanced distributed computer
Managing Director and Co-founder of Alphabit Digital Currency Fund. As a fixed income and treasury specialist, and formerly an operations specialist, for a large sovereign wealth fund since 2009, Saeed’s financial analysis, portfolio and cash management skills are well recognized in the financial industry within the UAE.
Co-founder of Bitt, CaribHash and Cryptocurrency Capital Management. A global advocate on digital assets, distributed ledger technology, financial inclusion and emerging payment systems. A member of the Financial Inclusion Global Initiative (FIGI), a Bill and Melinda Gate Foundation funded project launched in collaboration with the World Bank.
- Direct Sales Incentives (Retail and Wholesale) Pool (25000000)
- Incentive for Engagement Program Pool (25000000)
- Team Bonus Pool (50000000)
- R&D (19%)
- Support (7%)
- Insurances (1%)
- Sales & Marketing (21%)
- Legal (1%)
- Direct Marketing (18%)
- Management (7%)
- COPS (3%)
- Community (20%)
- Travel (3%)
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
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It's an interesting idea of decentralized cloud system in order to unite developers and orderers of applications. Smart contracts usage guarantees the accuracy and invariability of treaty's implementation and for well-timed calculations for the created software product.
Risks and disadvantages
There are few cons in the project, besides general remarks about advertising of the product, and how a lot of developers would be able to work through this decentralized system, and on the other hand, how the customer can determine the programmer's qualification and the quality of the created product.
I think that the project has good prospects in the case of a more thoughtful plan for the implementation of its services, a massive advertising campaign and establish a mechanism for selection programmers for work on the necessary applications.
Allows apps to integrate with existing smart contracts and provides more efficiency in contract authentication.The project has the most advanced decentralized cloud. which buys more trust from potential investors.It enables people around the globe to contribute to the creation of applications that will enhance the future of digital currency. It allows the creation of sophisticated applications without the knowledge of writing codes. The members of the community get rewarded CMCT tokens when other members of the community use their source code or application. It has API's that enable the user with various devices access the services offered on the platform and the applications. It also has remarkable security measures to ensure the security of users projects. It also cuts on the expenses of hosting applications. It makes access of decentralized application easy
Risks and disadvantages
The project allows only one digital currency which will affect its potential growth. Failure to maintain the marketing strategies will lead to a setback in the progress. The project might not give positive results immediately, but after a long period of time.
The project is aimed at a global market which spreads its risk and reduces it to minimum. It is also looking into the future which will economically rely on digital currency in all aspects of life. Their is demand for the decentralized block applications that will enable this provides ready market. the system is also intelligent which provides its efficiency. This project is destined to succeed with the effective utilization of the marketing platforms to increase the traffic in search engines and also use of effective marketing strategies. The crowd machine also has the capabilities to run any decentralized application.
What is Crowd Machine?
Crowd Machine consists of the Crowd Computer, Crowd App Studio and Crowd Share. The Crowd Computer is a global decentralized app execution engine. It has been designed to execute blockchain smart contracts and decentralized apps that meet any requirement. The Crowd Computer consists of a peer-to-peer network of Crowd Virtual Machines (“CVM”) that run on the peer devices. Device owners are compensated for the use of their surplus processing power to run the CVM. Embedded in the Crowd Computer is the Crowd App Studio that enables anyone to create decentralized apps without writing code. Crowd Share is a GitHub-like repository of source code that developers can use free of charge to help build their apps.
Why is the name of the company Crowd Machine?
The name reflects our commitment to enabling everyone in the world, regardless of their location, to be rewarded for their participation in the decentralized app economy.
How long has Crowd Machine existed?
Crowd Machine is a new company, but the Crowd Machine technology has been in development for many years.
How many employees does Crowd Machine have?
Crowd Machine has 27 employees.
Is Crowd Machine hiring?
Yes, Crowd Machine is hiring. If you think you have what it takes to join the Crowd Machine team, then send your resume to [email protected]
What is the Crowd App Studio?
It allows App feature and function to be drawn as logic diagrams, making it faster and easier to create apps than current development approaches.
What am I able to build?
Any type of decentralized or blockchain app.
Are there any app limitations?
You can build almost any type of app using the Crowd App Studio and deploy it to the Crowd Computer.
What is the cost of running my app?
That depends entirely upon your app. You only pay for the Crowd Computer processor time you use.
Can my app scale with demand/traffic for load balancing?
How can I predict my costs?
The best way to predict your costs is to build you app and deploy it to the Crowd Computer test network. On the test network you can simulate user load which will simulate your cost.
What is Crowd Share?
Crowd Share is a GitHub-like source repository enabling the commercialization of source code by the developer community. It allows developers to monetize their intellectual property in an open marketplace. Crowd Share is a growing repository of ready to use, plug and play, app content allowing applications to be assembled rather than created. Crowd Share further accelerates app time to market.
Is Crowd Share like GitHub?
Yes, but is specific to the Patterns, Activities, Packages, and Attributes that create apps on the Crowd Machine network.
I am a software developer. Can I contribute source code?
You can contribute your source code’s logic built as Patterns. You can also wrap any API from an external service or product and place it in Crowd Share for community and customer use.
How do I contribute to Crowd Share?
You can contribute by assembling Patterns for your apps, which are then open-sourced for other community developers to use in their apps.
How does the reward mechanism work?
The Crowd Share compensation model is based on the consumption of Patterns. For example, let’s assume that a Crowd Machine customer is paying $180,000 per annum for their Crowd Machine use. Let’s also assume that the customer is using 10 Patterns contributed by a developer, and that those Patterns represent 10% of the customer’s consumption then the compensation to that developer would be as follows –
Total of customer contract $180,000 per annum
Crowd Share pool 15%
Crowd Share value $27,000
Developer’s compensation $2,700 per annum
If 50 customers were using those same Patterns at the same consumption rate, then the developer would be earning $135,000 per annum. The Crowd Share model also takes into consideration the complexity of the Pattern, and allows for derivative works where compensation is distributed across all parties who have participated in those works. Each upload and download of a behavior from Crowd Share is written to a blockchain which provides a mechanism to trace derivative works and identifies the payment pathway. The technology removes any dispute as to content ownership and rights.
What is the Crowd Computer?
A powerful peer-to-peer computational network that leverages global device capacity to power the execution of blockchain and decentralized Apps where owners are paid for allowing their devices to be a part of the App execution network.
What is a Super Node?
Agoric nodes (aka super nodes) generate blueprints that utilize benchmarking provided by activity compute nodes (ACNs) to form pathways from source app Patterns and map to optimal compute resources.
Can my hardware be a node on the network?
Yes, if it is a smartphone, tablet, laptop, desktop computer, or server.
When will the Crowd Machine be available?
Crowd App Studio and the Crowd Virtual Machine are available to use now. The Crowd Computer will be available in Q4 2018.
What are the benefits of the Crowd Computer?
Compared to the public clouds, Crowd Machine is infinitely scalable (limited only by the number of connected computing devices on the internet), and is not cost prohibitive.
Is the client-side Crowd Computer software proprietary or open source?
Crowd App Studio and the Crowd Computer are proprietary. The Crowd Virtual Machine will be made available as open source in 2018.
How does the network determine consensus?
Strong Federation consensus is deterministic, where each block is expected to be produced by a single party. Therefore, reorganizations cannot happen, unlike in Bitcoin or Ethereum, where they are an ordinary fact of life. In a Strong Federation, blocksigners need only to obtain consensus amongst themselves before extending history; since they are a small, well-defined set, the network heartbeat can be significantly faster than in Proof-of-Work, where settlement is probabilistic over time.
How is Crowd Machine different from Maid Safe?
Maid Safe is a data protection technology whereas Crowd Machine is a decentralized app development and execution technology.
What does the Crowd Machine Compute Token (CMCT) do?
CMCTs are paid by app owners for the usage of their app on the Crowd Computer.
CMCTs reward node operators on the network for contributing computational and storage resources.
CMCTs also reward developers for their Patterns executed on the network by app end-users.
Why would a person want to own CMCT tokens?
Because they want to build apps with the Crowd App Studio and have end-users use their app. You can think of the CMCT token payment as analogous to the fees you would pay Amazon Web Services or Google Cloud.
Is it an ERC20 token?
The CMCT is an ERC20 token.
Is there a maximum supply of CMCTs?
CMCTs will have a fixed supply of two billion (2,000,000,000) tokens and be divisible to 8 decimal places.
Why did Crowd Machine decide to move forward with a token sale?
In order to give token purchasers the ability to run apps on the Crowd Computer.
When does the public sale start?
The public sale opens at 0:00 UTC on April 1st, 2018.
What is the minimum amount to participate in the public sale?
The minimum amount to participate in the public sale is 0.1 ETH.
There is no maximum amount.
Who can participate in the public token sale?
makes a minimum purchase of 0.1 ETH per transaction; and
successfully completes all identity and KYC/AML checks; and
is not from an Excluded Country,
If you are a US resident and want to participate between April 1st and 20th, 2018 (the pre-sale period), you must also successfully prove accredited investor status. This does not apply from April 28th.
How do I register for the public sale?
To register for the public sale, go to – https://www.crowdmachine.com/whitelist/
Registrations are open now.
Can US residents participate in the public sale?
US resident public sale participants must successfully complete all required identity checks and Crowd Machine’s Know your Customer (KYC) / Anti Money Laundering (AML) compliance checks.
US residents who want to participate between April 1st and 20th, 2018 (the pre-sale period), must also successfully prove accredited investor status. This does not apply from April 28th.
Can non-US residents participate in the public sale?
Yes – unless you are from North Korea, Cuba, Iran, Lebanon, Syria, Libya, Sudan or Somalia.
Non-US residents (who are not from an excluded country) must successfully complete all required identity checks and Crowd Machine’s Know your Customer (KYC) / Anti Money Laundering (AML) compliance checks.
Is there a limit on the number of times I can participate?
You can contribute as many times as you like during each public sale period.
You can participate in as many public sales periods as you like.
Can I participate in advance for a future public sale period?
Through our token sale portal, participants will be able, in advance, to select the period/s for which they want to participate and pre-complete their participation details, including contribution amount/s. When each sale period opens at 0:00 UTC, pre-completed participants in that sale period will be activated.
When will I receive my Crowd Machine (CMCT) tokens?
For participants before April 21st, 2018 (who successfully pre-complete our KYC/AML checks), tokens will be distributed by April 27th, 2018.
For participants from April 28th, 2018 (who successfully pre-complete our KYC/AML checks), tokens will be distributed within 4 hours of the close of the relevant daily sale period.
When does the public sale end?
The public sale closes at 20:00 UTC on May 22nd, 2019.
What is the date of registration?
Registrations are open now.
What is the cap for the Crowd Machine token sale?
There is no cap for Crowd Machine’s token sale.
Is there a maximum amount I can contribute in the public sale?
There is no maximum amount.
What is an Excluded Country?
The Excluded Countries are: North Korea, Cuba, Iran, Lebanon, Syria, Libya, Sudan and Somalia.
Are you having a private sale?
Yes, we are having a private sale.
What is the start date for the private sale?
The private sale has already started.
What is the minimum contribution?
The minimum contribution for the private sale is USD $100,000.
What additional requirements apply for private sale investors?
As well as contributing the $USD 100,000 minimum amount – all of the following additional requirements apply:
US residents must successfully prove accredited investor status
Non-US residents must provide representations that they are a sophisticated investor
Non-US residents must not be from North Korea, Cuba, Iran, Lebanon, Syria, Libya, Sudan or Somalia
Successful completion of all required identity checks and Crowd Machine’s Know your Customer (KYC) / Anti Money Laundering (AML) compliance checks is required
A participant must have legal capacity to execute a pre-order agreement, commonly referred to as a Simple Agreement for Future Tokens (SAFT), which is an investment contract for the future delivery of tokens.
How do I participate?
You can contact us directly at [email protected]
How many Crowd Machine tokens will be available and how many will be created in total?
CMCTs will have a fixed supply of two billion (2,000,000,000) tokens and be divisible to 8 decimal places.
The total CMCTs will be divided into five lots as follows:
Lot 1 – Pre Sale Period A 125,000,000 6.25%
Lot 2 – Pre-Sale Bonus Allocation Provision B 500,000,000 25.00%
Lot 3 – Total Daily Public Sale Period Allocations 975,000,000 48.75%
Lot 4 – Community and Loyalty Incentives 100,000,000 5.00%
Lot 5 – Company Inventory Reserve 300,000,000 15.00%
Total CMCTs 2,000,000,000 100%
A. Private Sale and first 20 days of the Public Sale
B. Unclaimed CMCTs from this provision will be re-allocated evenly across the daily public sale period allocations
When will tokens be created?
Pre-Sale CMCTs will be created after the completion of a successful ISRS4400 audit of the paid-in contributions during the pre-sale period. This will occur before April 28th, 2018.
Daily Public Sale Period CMTs will be created within 4 hours of the close of each daily period.
Are there any bonuses for early contributors?
Yes, there are bonuses for early contributors.
A 0.5x (50%) bonus will apply for all contributions received during the first 10 days of the public sale.
What is the CMCT price?
The CMCT token price is set by the market.
It is calculated at the end of each sale period – i.e.,
within 7 days of the end of the Pre-Sale Period; and
within 4 hours of the end of each of the 390 daily Public Sale Periods.
What is the pricing mechanism?
The Market Price for each of the sale periods is calculated as:
the total ETH contributed by all participants during the sale period
the number of CMCTs allocated for that sale period
How many CMCTs do I get?
The number of tokens each participant gets is also calculated at the end of each sale period.
The number of tokens each participant gets is calculated as:
the ETH (or ETH equivalent) contributed by the participant during the sale period
the Market Price for that sale period
any bonus tokens to which the participant is entitled
What is the preferred payment method for the token sale?
Crowd Machine’s preferred payment method is Ethereum (ETH).
Where can I purchase ETH?
To buy ether: https://99bitcoins.com/guide-buy-ether-ethereum/
What other payment methods will be accepted for the public sale?
We will accept Bitcoin (BTC) for the public sale.
These contributions will be assessed in ETH at the time the transaction is confirmed by the relevant blockchain.
What is the minimum purchase amount for the public token sale?
The minimum purchase amount for the public sale is 0.1 ETH, or the equivalent in BTC.
How to participate in the Crowd Machine public sale
To participate in the Crowd Machine public token sale, you will need to have an ERC20 compatible wallet you control.
Do not send funds from an exchange or enter an exchange wallet.
I sent funds from an exchange for the pre-sale or public sale, what can I do?
There is nothing you can do, because exchange wallets often do not offer the ability to send ERC20 tokens.
I sent from a wallet and I do not have the private key, can I still get my tokens?
You can still get your tokens, but you must have your wallet’s private key to send the tokens.
How will token sale proceeds be used?
Sales receipts through the public token sale process will be used for:
Sustaining engineering and feature enhancement of the Crowd App Studio, Crowd Share and Crowd Virtual Machine products
Development of a global developer community
Sales and marketing
Product and community support
Other normal business proceeds
Regarding the KYC information that is provided, to what extent can you ensure that this data is safe?
All KYC data is end-to-end encrypted and is passed to our KYC vendor via an API.
What documentation is required for ID verification?
A valid Driver’s License or Passport.
How does Crowd Machine use my data?