Boosteroid initial coin offering (ICO)

Lets be clear - being on the blockchain adds nothing to this project. It just lets Boosteroid raise money from strangers all around the globe. Building a hosting facility and selling prepaid hours of time is not a an amazing idea, but it is perhaps a legitimate use of an asset backed token.

However the big problem is how do you convince people to pre-pay for something that they wont even be able to use for at least a year? Well you could give them a deep discount and say "hey, you can sell it later for more". Or you could offer lots of free tokens to those who promote the service. That is what seems to have been done here - a huge amount of the website and whitepaper is all about affiliate marketing and how to make money by investing early.

But why not just wait until the service is live and buy then? The money you could make from investing earlier will be small potatoes compared to investing in almost any other crypto (like ETH) and you eliminate all the risk of them not actually delivering the asset you paid for.

So far the website is showing zero evidence of what they have built. There is no local press about the team building this project. The principles appear to be relative unknowns even if from apparently reputable academic or industry backgrounds.

So my advice is - if you really want discount server time then invest you money elsewhere in the mean time, and buy BTR when it is provably working. Plus be skeptical of whether you are actually using a computer in Central Europe, or perhaps some other service they are just sub-letting and pretending it is their own - we cannot at this point tell.

Yeah it sucks to throw shade on a project but I think if it is real the team could be SO MUCH MORE to make that obvious. Their test site link isn't working at the moment. As I mentioned before no demonstrable proof they have any facilities or computers at all even though the timeline says they should nearly have 20 Petaflops of compute power by now. With all the money they have raised so far they could easily be paying to fly a team of journalists out to cover their project. So far I'm not seeing that, not even coverage from local journalists - just second hand reporting in the crypto-press of what they say on their website and blog.

My rating: caveat emptor (buyer beware!)