Cloud Hosting News Launches ICO to Bring the Next Generation of Cloud to ‘The Rest of Us’ Launches ICO to Bring the Next Generation of Cloud to ‘The Rest of Us’
July 26
07:45 2017

DUBLIN –, a managed cloud services provider, announced today the pre-sale launch of a “Cloud” token, a next generation cryptocurrency or token that ushers in an evolution of the internet’s infrastructure to provide low cost, decentralized peer-to-peer internet cloud services. This is the first ICO to offer sale of tokens directly via credit cards and bank wire transfers as well as bitcoin and Ether. In North America however, cloud tokens can be purchased only with Bitcoin or Ether and are available only to accredited investors.

“We’re driving meaningful evolution that enables millions of people to access the power of professional cloud services at a fraction of the cost and in undeveloped countries,” said Asaf Zamir, Co-Founder and Chief Technology Officer. “The goal is to create a decentralized peer-to-peer cloud-based ecosystem that will enable millions of people globally to share, operate and get the financial benefits from any cloud service and application directly between them in a trusted and efficient manner; from music to social insurance and investment services, in a wholly secure and private environment. We call it the ‘Crowd Cloud.'”

In its white paper issued today at, details the blueprint for building a globally decentralized cloud hosting grid, enabling cloud-based applications to scale across millions of cloud service participants. Individuals will contribute small portions of their redundant home and office computer resources via globally deployed GridNodes to become a part of the blockchain cloud grid (thus, effectively creating the new Crowd Cloud), and receiving continuous income as cloud contributors.

The newly issued Cloud Token will be used to automatically distribute payments to the GridNode contributors and other Crowd Cloud participating parties.

Most notably, the Cloud Token can be used immediately upon close of the ICO to pay for cloud services from one of the world’s largest cloud providers, via, at 50% of the cost. This is anticipated to create significant demand for the services and subsequently cloud token liquidity.

The proceeds from the ICO will be predominately used by for global deployments of GridNodes infrastructure, the key module for decentralized infrastructure, and its own unique Decentralized Application Protocol (DAP). Based on the Ethereum infrastructure, the DAP will enable the easy design and launch of decentralized peer-to-peer cloud applications such as media services (music & film), social peer-to-peer insurance, decentralized banking, financial services and other applications without limitations or central governance – all monetized by a single uniform currency – the Cloud Token.

“Decentralizing cloud services will disrupt the cloud status quo,” commented Gilad Somjen, Co-Founder and CEO. “Millions of computers worldwide will contribute their redundant resources, such as processing power or data storage, to power the cloud. This could include your laptop, phone or computer – or even an Internet of Things (IoT) connected device, such as your washing machine. This decentralized structure creates a commoditized environment, reducing the cost of cloud computing and the risk of network outages with a higher level of data security, privacy and a greater degree of automation.”

For more information:

About, founded in 2015 by Asaf Zamir and Gilad Somjen, provides a managed hosting solution for access to AWS and Azure cloud services. provides improved efficiency for individuals and business owners, from SME to enterprise, by simplifying the process and minimizing the amount of time and complexity required to set up and maintain their cloud servers.

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The 'Web Hosting Blog' at was established to provide the web hosting industry with the very latest in news, technology, interviews, event information and more. About Launched in January 2001 to protect Web Host Consumers and Web Developers from making the wrong choice when choosing a Web host. showcases a selection of web hosting companies who have undergone our Approved Host program testing and provides reviews from customers.

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