Cloudbric Reverse ICO Review — A decentralized universal security platform

nure6524 (29)in #cybersecurity • 6 years ago

Cloudbric is an elite cloud-based security service provider for websites, mobile devices as well as crypto assets. Its repertoire includes a full suite of website security features for individuals who want to be more secure with their website security through VISION, a state-of-the-art deep learning technology. It ensures that the internet is a safe and secured place through the use of its patented logic based detection engine which not only detects known attacks but also blocks unknown and modified attacks. Cloudbric’s mission is to make web security available for all by providing services which are accessible as well as affordable. Cloudbric takes pride in its highest standard of honesty and transparency.

About the products

What began as an in-house trial in 2015 at Penta Security Systems Inc. which is one of South Korea and APAC’s leading security companies, Cloudbric began as its own legal entity in December 2017. It was an initiative by individuals who collectively had more than 20 years of experience in the IT industry. It began as a comprehensive website security provider and has since its debut, ventured into other emerging industries such as SSL certificate, DDoS protection, and Cloud Web Application Firewalls services. At Couldbric, we are firm believers that it only through innovation that exceptional things happen and we will not stop until we reach the highest benchmarks of innovation.

Features of their products

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WEBSITE:https://www.cloudbric.io/

WHITEPAPER:https://ico.cloudbric.io/upload/file/Cloudbric_Whitepaper_EN.pdf

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What are the Tokenomics?

One billion CLB is the maximum supply priced at 1 ETH per 12,500 CLB. With a total of 44% (440 million CLB) will be allocated for Token Sales events, 25% (250 million CLB) will be allocated for the Cloudbric Security Rewards Program, as well as additional internal service management or operational costs, 16% (160 million CLB) will be allocated for the core Cloudbric team “and” advisors, 10% (100 million CLB) will be allocated as an investment reserve (i.e. potential exchange listing, strategic partnerships, etc.) and 5% (50 million CLB) will be allocated for potential short and long term marketing efforts to help promote CLB tokens.

Use of ICO proceeds will be allocated as the following. Development 45%, Strategy Partnerships 25%, Reserve 10%, Operations 5%, Marketing 5% and Business Development with 5%. A healthy distribution given marketing of the project isn’t as important as building strong partnerships and developing better tools for the security suite.

Participants in the network will be rewarded directly to their accounts and CLB can then be redeemed to activate Cloudbric’s suite of security services. Users may participate in the staking program and utilize CLB to gain access to exclusive offers as well from Cloudbric’s extensive global partnership network known as the Secure Web Alliance. This alliance will be a global network of partners that protect their businesses using Cloudbric universal security and will provide exclusive offers directly to Cloudbric users through the acceptance of CLB tokens. Cloudbric will implement a new user governance system in order to promote full decentralization of overall CLB token health and distribution. Users will be empowered to take full control over CLB minimum balance requirements, security rewards distribution rates, etc. via a voting based system. Cloudbric will set the initial minimum balance rates for account activation and security rewards program distributions. Afterwards, Cloudbric will help manage and deploy user voting systems on a quarterly basis to promote full implementation of a user governance ecosystem.

Reverse ICO

Reverse ICO is a method used by existing, established real world business to issue tokens and distribute them to customers via crowdfunding. The valuations of reverse ICO is easier and more transparent due to the fact that size and profit of the enterprise is published.