CYBR- PROJECT REVIEW
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the hope of joining the CYBR project is very big for us, before you join it will be better if you understand the project besides it will add to your insight and improve information for you especially understanding the project’s vision and mission so that it adds to your trust in investing.
Since crypto currencies enter our lives. Crypto Coins, which have created a financial revolution throughout the world. And the word is “fraud” Not a good word. While it clearly speaks to the level of threat that the old guard feels from the emergence of crypto and decentralization systems, it also hits the fundamental concern that this “money” can be taken as easily as they can be made. Hacked by malicious hackers, especially on platforms and exchanges where cryptocurrency is traded, the security vulnerabilities of this platform that stores crypto coins have been revealed and cause people to be more afraid of their entry into the crypto world.
Many people who have been hacked or cheated can be mentioned and this list continues. Even where high profile ICOs are victims of phishing attacks, it must be considered that many people or countries can be economically affected by human error. Internet-based crimes and crimes are not limited to crypto coins. The Security Report, announced in 2017, announced an average loss of $ 172 USD per billion people worldwide as a result of cyber attacks. More than half of the adult population on the Internet can be counted as victims of cybercrime. However, due to system deficits, cryptocurrency and distributed notebook technology are still growing. By identifying all these problems, a security company that aims to secure all of our crypto asset transactions is made to enable us to operate in the cyber world by creating a CYBR platform.
CYBR Ecosystem and Cyber Security Utility Token
The CYBR Ecosystem is a holistic, cyber security solution for the blockchain which ensures secure smart transactions occur via a portal designed to provide real-time safeguards, countermeasures and threat intelligence to the CYBR community as well as other crypto entities and exchanges who rely on our cyber security solutions.
CYBR ecosystem is powered by BlindSpot, a proprietary, powerful CYBR security engine which identifies and disrupts bad actor and associated illicit file activity that seeks to affect the confidentiality, integrity and availability of crypto smart contract transactions.
CYBR commercializes and monetizes emerging threat intelligence by turning the data into actionable intelligence. CYBR users are rewarded with CYBR tokens for their direct threat intelligence contributions to the CYBR ecosystem.
CYBR is an ever-expanding compendium of information combined with state-of-the-art software that will be optimized for the blockchain. CYBR is a holistic security solution that will endeavor to secure wallets, smart contract transactions and related activities that take place in the blockchain space.
Unlike most token generation events (TGEs), where a theoretical idea is presented and implementation is to follow, much of the CYBR solution is already built and being utilized in traditional environments.
The way CYBR detects and removes threats by a two-stage system
- BlindSpot: This is special software that has the potential to recognize and distinguish threats from others.
- Portal: CYBR technology is the heart of the system by eliminating threats and the main elements that provide security. CYBR commercializes and generates money from threats that arise by converting all data obtained into actionable intelligence. CYBR users are rewarded with CYBR tokens, because they directly contribute to the CYBR ecosystem with direct threat intelligence. This will encourage people to gather threatening intelligence in CYBR.
There is a pressing need to dramatically reduce the average time of detection in identifying and contending threats. Without this, the adoption of DLT hangs in the balance. The implementation of a proactive defensive as well as preventive approach to cybersecurity is sorely lacking in the space. CYBR seeks to solve that problem.
CYBR’s mission is to provide a seamless continuum of threat security and establish a gold standard of cybersecurity on the blockchain.
CYBR Tokens are designed to incentivize and provide functionality for the three-pronged CYBR solution. Subscription services and the provision of blockchain related services will be solely transacted utilizing CYBR Tokens. Rewards for CYBR community members will be a determined allocation of CYBR Tokens. CYBR is a standard ERC20 smart contract-based token running on the Ethereum network and is implemented within the business logic set forth by the Company’s developers.
CYBR tokens shall be distributed via a smart contract to the Ethereum address that was used to participate in the TGE. Upon completion of the event, the CYBR tokens shall remain locked to avoid any secondary market trading activities.
Token symbol: CYBR
Total Tokens: 1,000,000,000 CYBR
Token Price: 1 CYBR = 0.08 USD
Early ICO: October 15, 2018
ICO Completion date: 30 November 2018
Platform: Ethereum (ERC20)
- CYBR has a total supply of one billion (1,000,000,000) tokens.
- The softcap is set at two million dollars (US$2 million) with an associated hardcap of fifteen million dollars (US$15 million).
- The CYBR token is priced at eight cents (US$0.08) per token.
- The TGE is slated to commence in October 2018.
- Founders’ tokens will be locked for one year and large investors’ tokens are locked for a minimum of six months.
CYBR’s Token Generation Event consists of a pre-sale and subsequent public event. The stated dates are estimates and and as subject to change, subject to extensions, and to early termination.
- The soft cap shall be US$2,000,000 (US$2 million) and the hard cap shall be US$15,000,000 (US$15 million), although CYBR reserves the right to seek additional funding.
- 1 CYBR Token = $.08*
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Author : Letty sits
MEW : 0x822E5C6A30c4F19EAB048f957e4729eF56bCcA7F