Analysing upcoming new ICO: Sentinels protocol

There are many reasons why adoption of cryptocurrencies isn't mainstream yet. One of the key reasons is security. Whether it's an enthusiastic investor who believes in the future of blockchain technology or a 'flipper' who is just in for the money, lose their investment to a fraud, be it a fake ICO or crypto-exchange security breach, it breaks their trust. Not just our economy, our whole life runs on trust. It's a very important factor. Millions of US dollars in the crypto-market have been lost to such frauds.

Sentinel protocol aims just to solve that. To solve detect and report security issues. A step-forward in going mainstream and a leap in building trust.

What is Sentinels protocol?

Sentinel protocol is a decentralised security intelligence platform which weeds out security threats by using machine learning. They are building an ecosystem which detects and reports frauds.

Coupled with unique security features like Threat reputation database (TRDB), Machine learning (ML) engine integrated security wallet (S-Wallet) and Distributed malware analysis sandbox (D-Sandbox), they are building a community of cyber-security experts who can evaluate and manually report threats(along with the auto-report feature).

Team, Advisors and Investors

They are having a great team with various expertise. Patrick Kim(founder) has lost money in 2016 due to security vulnerability in the geth-mist wallet. The project started from this realisation. Apart from the team, they are being backed by #Hashed which is one of the largest crypto-fund in South Korea. From what I have noticed, most of their investments are a success.

Token metrics

The total token supply is 500M UPP tokens of which 56.17% is for private allocation and 43.83% is for public allocation. They are having a hard-cap of $22 M and have raised $11.67M through private sale.

The tokens for public are distributed as below

Conclusion

This project is definitely a break-through in my opinion. It is because they are solving a major obstacle. They have a great team and a great backing which makes this project even more achievable. For those who are interested in participating in the tokens sale, visit https://sentinelprotocol.io/token-sales/.

DISCLAIMER: Please do read the whitepaper, join the telegram channel and do your research before investing as ICO investing involves high risk. I shall not be deemed liable for any profits or losses. Thank you!

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