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I solved it by changing "Quota" for my "Demo" project of "myUser".

I had the same problem. I have installed OpenStack Training Labs. It has Project named Demo in which I was working. I had only 1Gb of RAM as Quota for that project. I changed the limit to 10Gb and I was able to launch the instance.

To this you have to be logged in as Admin (or have admin rights): Identity -> Projects -> Demo (you project name)

Hope it helps! :-)