Patrick has been in the developer tools, infrastructure, and enterprise application space since joining Exceptional Cloud Services. After Exceptional was acquired by Rackspace, Patrick worked with their acquired startups such as Mailgun, ObjectRocket, Redis-to-Go, and Airbrake and later joined serverless infrastructure startup Iron.io, which raised more than $17MM in venture capital to be one of the first pioneers in the severless computing space. Patrick has a deep understanding of how technology is built and deployed in a modern cloud environment and has helped with deployments at small startups, large venture-funded companies, and Fortune 500 organizations. Patrick began to get involved in the cypto world in early 2013 eventually running an alt-coin mining operation out of colo data center with Kumo developer Matthew Martinez and has since been active in supporting new coin adoption - buying into initial coin sales such as Ethereum, Stratis, Waves, and Antshares as well as being one of the first to both POW and POS mine Decred.
Kumo enables developers to run functions using your favorite programming language and only pay for when they are executed.
By creating a fully functional cloud computing infrastructure on the blockchain we are able to fully decouple data centers, servers, cloud providers, and other hardware infrastructure from applications. Enabling developers to write code and deploy without having to consider scaling, failover or server maintenance.
Introducing KumoCoin (KMC), a token that can be used for resources on the Kumo blockchain network.
Developers submit jobs, paid for in units of KMC/second fees, and collected by miners to run the jobs.
Why We're Building Kumo?
We have a vision for the future of development, and Kumo brings us closer these great features
Run real world, responsive applications on a low cost, decentralized network
Interoperability with current serverless applications
The Kumo network will provide low latency access to a large number of nodes. Miners will be incentivized through the fee structure to run quality hardware and services. This will give users access to bulk commodity infrastructure through allowing miners of all types to parcticipate.
- Kumo nodes will be responsible for both running jobs submitted by users as well as maintaining the blockchain of transactions. Nodes will collect fees for executing user jobs as well as transaction fees for exchanging KMC between peers.
- Clients will be responsible for submitting function executions to nodes, specifying the fee they are willing to pay per compute hour (KMC/hour) with scalar cost based on resources required (RAM, CPU).
- API for users to submit their functions
- Robust community driven ecosystem economically incentivised to provide SaaS, PaaS, and other developer centric applications via Kumo.
- There is no authentication mechanism, no billing mechenism -- everything is pay as you go and getting started is as easy as downloading our CLI tool and having a Docker image and some KMC.
What About Security?
One of the primary concerns of any FaaS deployment is security, and Kumo is no exception.
The Kumo network deploy's a combination of virtual machines and containers to ensure that neither users nor miners are able to access a miners system not another user's code.
KumoCoins will initially be issued as ERC-20 tokens to give our users immediate control of their purchase. As Kumo continues to develop our proprietary blockchain we will create and issue KMC's to allow a direct exchange of existing Kumo ERC-20 tokens for KMC's for use on the Kumo Network and Kumo Application Marketplace
KMC has chosen to introduce new KMC tokens via a crowd sale structure. We will allow users to purchase KMC’s starting July 21st, in a pre-sale at a rate of 1 Ethereum = 500 KMC tokens. This pre-sale will be be limited to 6,000,000 KMCs and will close immediately once they are sold out.
Following our pre-sale we will begin taking deposits for the main sale of KMCs that is currently scheduled for October 1st, 2017. We believe that it is both against the spirit of the blockchain community and potentially a detriment to adoption of use of the KMC network to have a high concentration of KMC’s in a few users hands. To this end we seek to have a broad distribution of tokens via allowing both large and small users alike to buy their tokens in the sale via a deposit mechanism.
To accomplish this there will not be a limit of KMCs sold during the deposit period. Following this during the main sale will be limited to 20,000,000 additional KMCs.
The deposit period sale rate is 1 Ethereum = 200 KMCs
The remaining 20,000,000 KMCs of the main sale period will be sold at a rate of 1 Ethereum = 100 KMCs
Prior to the main sale we will continuously release additional documentation, notices of our hiring successes, a complete technical white paper, and a public - open source - code base that we welcome contribution to.
Introducing KumoCoin (KMC),
a token that can be used for resources on the Kumo blockchain network
KMC is the coin used to pay for services on the Kumo network and they can also be earned by providing compute resources to the network and will be used to pay for services, applications, and other tooling within the Kumo marketplace.
What are KMCs?
KMC is the coin used to pay for services on the Kumo network and are available for pre-purchase directly from Kumo.
They can also be earned by providing compute resources to the network and will be used to pay for services, applications, and other tooling within the Kumo marketplace.
How much is being sold?
KMCs will be sold in the following manner and at set rates during the sale:
Pre-sale - 6,000,000 KMCs are available at a rate of 1 Ethereum = 500 KMCs
Deposit Period - KMCs will be available to be reserved during the deposit period at the rate of 1 Ethereum = 200 KMCs; this period will be uncapped.
Main Sale - The main sale rate will be 1 Ethereum = 100 KMCs. The main sale will end once 20,000,000 KMCs are sold in the Main Sale.
What cryptocurrencies are acceptable in the coin sale?
We will accept Ethereum
When will the crowdsale begin and end?
The pre-sale will begin July 21st, 2017 and end once 6,000,000 KMCs are sold, Following this the reserve/deposit period will commence and continue through October 1st, 2017 at which point the main sale period will start and cointinue until 20,000,000 KMC’s are sold in the Main sale period.
Are KMC tokens transferable?
Yes; following their development and release
What is the distribution of KMC’s?
70% of coins will be sold in coin sale periods
10% will be used for community
20% for advisors, founders, developers, and early buyers
Our team and technical advisors include developers, engineers, and alumni from some of the largest and most innovative cloud computing companies and venture funded startups in the world.
Justin was the former Director of Revenue at Exceptional Cloud Services until its acquisition by Rackspace. He also co-authored the best-selling startup growth book, Traction, with Gabriel Weinberg, and has been founded, ran, and invested in multiple technology and physical product startups to date. Justin was also early (with Patrick and Matthew) in investing in the crypto space, having bought into the initial Ethereum, Antshares, and Qtum crowdsales, as well as working with Patrick and Matt to run an alt-coin mining operation.
Matthew is an experienced cloud integration DevOps engineer and certified AWS architect. He Authored, maintained and improved config management and CI pipeline for Rackspace OpenStack Trove team. He’s written and maintained tools to automate procedures and tasks using Python and Ruby on small and large scale. He’s built distributed, highly available and resilient environments within AWS ecosystem for big and small managed support customers. Matthew is a hands on engineer who ran a mining operation out of a colo, while also running a public scrypt mining pool (Hashville). He is passionate for building and evangelizing blockchain technology. Matthew’s been involved in the crypto scene since 2010.
Travis has 20 years of experience developing high-throughput, high scale web applications and cloud services. Travis is currently an Architect at Oracle building cutting edge cloud technology. He was co-founder and CTO of Iron.io, a pioneer in serverless computing, heading up the architecture and engineering efforts. His past experience naturally drew him to cloud infrastructure as it is a natural fit for building scalable applications. Travis holds a Bachelor's degree in Computer Science and is a known technical speaker and writer about the Go programming language, Docker and serverless computing.
Conrad has been in the software industry for 10 years. Starting his career at Rackspace in 2008. There he worked on Openstack working on the Trove and Swift projects. His interests include brewing delicious beer, making cheese and curing meat and being an all around swell guy.
Russell is the CTO and Co-Founder of Rainforest QA. Previously, he provided consultancy for startups and companies around development, ops, architecture design and capacity planning. Specialties: Development, developer workflow, devops, linux, Debian, CI, benchmarking, profiling, bug fixing, performance, scalability, ops planning, capacity planning / modeling.