The Casper Project was created for decentralized applications (DApps) to help save data from users on a network more reliably and efficiently. The team behind the Casper Project wanted decentralized applications to develop quicker, autonomous of the blockchain platform. To streamline the difficulty of choosing their very own DApp, the team behind the project chose not to encumbrance developers and their clients with storage of information issues. To combat this, the team behind the project came up with Casper API to aid any Decentralized application on whatever blockchain platform is having a smart contract to safely store data of any kind.
What exactly is the Casper Project?
Casper API can be described as a project created on the blockchain to store large data and enables the creation of file storage such as text, audio, 3D models, videos and photo files to arrange the best ways to deliver content, to process and store corporate data and to save backups.
The aim was first to solve the issue attributed to the exorbitant data storage cost when stored on the blockchain and to enable DApps developers with file storage that is decentralized and is decently priced with fast spend while being controlled by way of smart contracts. Unlike other APIs, Casper API is able to function on any type of blockchain, so it is up to DApps developers to select the blockchain of their choice. Data storage providers are able to receive from any platform based on blockchain audiences, which helps to rapidly fill the system provided disk’s capacity.
Benefits of Casper API
A couple Casper API advantages include quick file delivery thanks to P2P technology that enables countries and cities location to be customized, the convenience and possibility of picking the quickest blockchain that has reasonable transactional costs to function in conjunction with Casper API.
Token Sale and Distribution
Casper API makes use of its own monetary unit which is called Casper Token (CST) which is solely used within the service by service vendors to buy a franchise and also for settling payments on every single blockchain platform. The Initial Coin Offering (ICO) is broken into two stages:
The pre-ICO stage which took place on the 18th of December 2017. This stage was to sell the tokens at a discounted price of 80 cents, under a dollar. This stage was able to achieve above $1 million capitalizations in just under 60 minutes. It goes to show the promise Casper API has.
The second stage is the actual ICO which takes place in May 2018. This ICO will be open to all with a $1.60 price.
The tokens held in reserve are to be split into defined percentages with 3% being the pre ico bought tokens, 25% is a system reserve, 15% belongs to the team behind the project, 13.4% going to the massive investors financially backing the project and the bulk of the tokens which is 43.6% is available at the ICO for the price of $1.60
Conclusion
For more information on the Casper API and how to take part in their token sales, pay a visit to their official Website and Telegram Channel.