Lately, a steadily increasing number of ICOs are being launched, and consequently, there is an increase in problems that plague these kinds of investments, such is the mistrust that potential investors have in the Crypto-Asset industry, because it’s somehow hard to differentiate between a legitimate and illegitimate ICO project. As a result, even high quality and legitimate startups or existing companies struggle to have a successful ICO.
This calls for many stages of verification and due diligence to ensure that an investment is sound, well-organized and have general quality assurance. As a Crypto-Assets writer and enthusiast, it’s a must for me to carry out research/due diligence in validating the legitimacy of an ICO project before writing on or recommending it. I have a number of questions I ask and things I look out for in an ICO project before I could give such a project a yes-yes. One of the things I look out for is “the Goals, the business model, the Team and the Partners of a project”. And in this particular ICO project, BitFence, I’m writing about, it’s a yes-yes. Trust me, BitFence is a great project.
BitFence is a project I’ve been following for some time now, and this is what I can say about it:
It has a great team with a lot of relevant experiences, very attractive business model with a good dividend token use case, cap limits are within a reasonable range, professional content, good looking materials, secured, focus on the relevant networks and has a great road map.
BitFence Cyber Security, if you haven’t heard of it already, it’s a smart-contract based global Cyber threat prevention system that offers immediate and unmatched advantage over existing network security solutions. In addition, beside zero-day defense, BitFence also provides incentives to those who deploy BitFence configured honeypots to attract distributed hackers around the world. As hackers get into BitFence Honeypots, the system captures and analyzes attackers signatures using custom designed Artificial Intelligence software and alerts/delivers threat protection to all of its.
BitFence ecosystem consists of following three main parts:
- Installation of BitFence designed Distributed Sensor Network (also known as Distributed HoneyPot). BitFence offers the incentives to anyone who runs BitFence designed software and/or hardware “miner”. These miners will automatically detect and reports suspicious cyber related activities. The miners will get rewards through distribution of BitFence ‘HNY’ Tokens.
- Malicious and suspicious data being gathered by miners will automatically be analyzed, processed and ranked (in accordance with risk factor) by artificial intelligence algorithm in real time. The list of signatures therefore be updated accordingly.
- Finally, once the data is processed and malicious actors (hackers) are identified, the information is instantaneously fed to all BitFence subscriber in order to mitigate them with similar threat.
The team is absolutely amazing and they have been working on BitFence as a whole for sometimes now. I have tracked the records of various members of the team and I can say that they are incredibly professional.
I personally have done a lot of digging on BitFence and I am yet to find any major red flag that would make me give up on investing in their ICO. Knowing how much the core members of the team have sacrificed to build everything from the ground up gives me more hope about the company as a whole.
BitFence’s reputation speaks for itself and is strongly supported by various facts and by real business model that works every day. By investing (cryptocurrency) in the project you can be 100% sure of the reliability of your investment, as you invest into business with real assets and real people.
BitFence group, completely, every one of its representatives work for the advantage of the project/organization and are constantly prepared to help in any matter. If there are any doubts or questions, you can always contact support — technical support is ready to help at any time. They are dependably in touch and don’t dismiss any issue. For sure, at the present moment when we are discussing ICO ventures this reality is very crucial.
Blockchain technology is widely used in BitFence business processes which makes it impossible to substitute or lose financial data. Using Smart contracts makes BitFence a reliable and impartial guarantor of fulfilling obligations to the investors of the project.
ICO and Cryptocurrency
ICO is crowdfunding via use of cryptocurrency, which can be a source of capital for startup or existing companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin.
Why you should invest on Early Stage
Early stage and existing companies might worth extremely low and have huge potential to fast-growing. Smart startup companies today can scale up hundreds of time faster than they could just a few years back. There’s never been better time to invest. This opportunity now available not only for venture capital or institutional investors, but for retail investors and for you too.
In order to create a first class Cyber Security platform, acting within the framework of the global legal system, it is necessary to attract funding on a large scale which allows the system in question to start work as well as remain independent. That is why BitFence is conducting its own collection of funds using the most modern and convenient instrument, the ICO: the sale of tokens.
HNY Tokens is a valuable digital asset, BitFence project’s token, which will be used/tradeable at/on the biggest crypto currency markets. With the help of ICO BitFence plans to attract the investment resources at a wide range. As suppose, the token sale will be interesting for the owners of digital assets, who would like to transfer them into the more secured investment tool and not to tremble anytime they hear the news about the possible Bitcoin rate falling.
Bitcointalk Add.: https://bitcointalk.org/index.php?action=profile;u=1698372