Altumea is a decentralized platform for spare Graphics Processing Unit owners and dependent users such as scientific researchers, engineers, and graphic artists. They are simply creating a market value for GPU, where suppliers are those with spare GPU processing power who would rent on the platform and those in need of them would pay for a price in MEA tokens.
Their basic approach will be using infrastructure as a service (IaaS) to drive the economy for the new age of GPU market capitalization.
The potential for the platform will include target industries like self-driving cars, image processing, deep learning, simulations, virtual reality and machine learning programs and services.
Since the first computer was designed, there has been a steady increase in the usage and complication of how computer systems are produced and with it comes huge costs of maintenance both at the customer level and also at the manufacturing level.
Probably the most crucial complex part of a computer system is the ability for it to process data, render images or coordinate the functioning parts to create a synergistic workflow within the operation layer. However, each of these layers provides a minimum amount of computing power or energy contributing a fraction of the total available to process data and information.
The two most highly power depend aspects are the CPU and the GPU, where each processes different aspects of the coordination processes to ensure that the computer functions “at will” and on time.
Many people have the practical use for what each part contributes to them, one more than the other, but the essential thing is, each part plays a role to aid the computer user and achieve the maximum result.
The major problem on one hand identified by this project is the constant need to access resources that would help process data and information at a more reliant capacity and still give little to no room for downtime. With the advent of cloud computing, it seems that the goal becomes more achievable than it was several years ago before the invention.
With online storage and computing science (Cloud computing), most of the daily operation models that would require intensive computing power have been ‘re-grided’, such that these operations can depend on a higher power input from a more distant source to ensure the output performance.
But the problem here hinges on the access to these resources, as the global village is gaining traction on becoming completely dependent on the cloud. – this means that in no distant future, ‘everything’ will move from the rudimentary model of computing operations to depend on a delocalized operation model.
On the other hand of this quandary, sits a huge budgeting cost with increasing expenses associated with the demanding need of having to change one part or the other from time to time. Especially with new software demanding higher processing power to generate a more efficient output. In other words, cost becomes an issue to both producers and consumers.
The future of technology is in its computing power and this has over the years been improved with each modification become more expensive than the earlier generations. The use of GPUs in most demanding operations can almost render the economic benefit to the user poorly.
As you can see, the problems are real and while some can be solved, others can be averted or prevented altogether.
It’s been reported in recent that the uses for graphics processing units are beyond rending of image data obtained from the CPU of a personal computer to display on a screen has transcended that application.
And now, we can see them finding their way into more complex computer operations like statistics, analytical and logical AI reasoning, Medical and biotech research, Machine learning algorithms, 3D elevations and reconstructions virtual reality and as far as oil mining operations and explorations.
This remarkable computer part has become more useful than other components put together and has a valued price on the market.
The solution proposed by Altumea is a rather revolutionary one, where high-end GPU computing power can be recycled economically to provide more benefits than they are currently suited for.
What Altumea focuses on is the moderation of Graphic Processing Units and utilizing the excesses that are unused during computing operations and maximizing their potential to bring more rewarding benefits to the computing ecosystem.
With the advent of blockchain technology, being one of the most ingenious inventions since the internet was discovered; however, the full application of this technology is yet to be explored.
Fortunately, Altumea has found a useful application in connecting GPU usage to blockchain enterprise. The major concern Altumea has is how the exponential increase in token offerings has also created a huge demand on the GPU market, as miners are given more tasks to do – not that it becomes more rewarding.
Now, this new activity ultimately affects other sectors dependent on GPU operations before Blockchain, as prices go up with new models, and the demand also goes up with new computing operations.
To solve this problem, Altumea connects people with spare GPU capacity with those who need them for other computing operations. And the business is that of renting out spare GPU capacity such that the owners get rewarded and those who need the processing power can have it at a more affordable rate rather than buying new ones which are more expensive to own and maintain – in terms of power.
The categories of GPU users who will use this platform vary from scientists, engineers, graphic artists and mini-mining corps; and those who have them are in the category of the everyday PC user, gamers and other miners who barely use up 15% of their GPU power.
The decentralized ecosystem will help the project become more efficient in distributing the resources – both economically and statistically.
This new computer business activity will go a long way into recycling GPUs and maximize their full use.
But the question then lies in how equipped is the development team to be able to pull this off, seeing that the concept they put forward is a challenging and also a rewarding enterprise proposed.
Although they don’t currently have an MVP which might be something of a disadvantage to them at the moment, especially with the start of the presale.
By emitting 50 million MEA tokens the development team is quite confident that their project can hit the limelight in the GPU trading economy. They would be selling about 30 million of the total tokens supplied during their TGE. By selling 20 million during the presale and 10 million during the main sale event they hope to raise a maximum of 30,000 ETH or a soft cap of 1,000 ETH.
Observations on their sale cap range would suggest that it is very wide and they are setting high expectations for the projects. This is expected because the market they are intending to disrupt is indeed a viable one, but the question of reception from the blockchain community and investors is a huge determinant.
The token sale period is expected to run from February 18, 2018, through April 28, 2018. During the presale, they are willing to offer a 25% discount and different bonus structure for different contributing strength.
The bonus structure for different levels of Ether contribution can encourage some investors, however, I do observe that the percentages are considerate, especially if one has to look at how much of the coin will be in total supply and those that will be in circulation once the sale is completed.
They have further decided to distribute their tokens thus:
From the roadmap, we could see that the company started in Q2 of 2017, and from then on out is full activity through Q4 of 2020. But it would seem the project has no specific scaling plan nor development beyond 2020.
Aside from the observation above, the development team has done a good job in orienting their prospective investors on how they intend to manage time and resources within the period described in the roadmap.
The team is based in Estonia, which is a friendlier jurisdiction for the development of ICO projects. Headed by Andrey Nikolov (CEO) who is a web 2.0 professional and a strategic marketer. His business skills, expertise, and experience spanning well over 10 years can be a favorable asset to the team in terms of leadership and results.
Although this team has not accomplished anything close to what they plan on doing with the Altumea project, they seem to be determined to hack it. But the current disadvantage will be in team size, which for them now is seven including one adviser – that doesn’t inspire much confidence.
Hopefully, as the startup progresses, they would gain more advantage in that area. At present, the team will need to level up in terms of manpower and more strategic advisors who can drive the goal home.
The website is quite rich with information that investors can quickly acquaint themselves with the project and find everything useful within a short period of time. Moreover, there is a short video clip (about 2 minutes) which explains succinctly how the platform intends to work.
The whitepaper is well organized and detailed enough to answer most questions any investor might have; however, in the part where they had to describe how the tokens will be distributed, there’s a bit in lack of clarity between the supply of the coin and usage of the tokens. And another thing is that only the three members of the team are mentioned in the whitepaper, supposedly the main team members.
For their social media account, there is not much to write home about. It would seem their publicity for the project is low.
During their crowdsale, they will be accepting ETH, BTC, BCH, BTG, DASH, LTC, NEO for contribution purposes. Although there are no indications that an escrow will be used for the crodwsale, but it does seem that the funds will go through a smart contract address and the tokens will be distributed through the same.
The investment may have prospect just like other ICOs, but investors have to use caution. It is expected that every investor should carry out their own investigation and due diligence and not simply consider this review as ultimate investment advice.