Today we’ll be discussing the specifics of a little known project called Cloudbric. You can get the most basic understanding of the Cloudbric services from the following videos.
Cloudbric’s primary mission is to revolutionize the cybersecurity market by making information security open and accessible to all users through the introduction of a new Decentralized Universal Security Platform. This AI-based cybersecurity platform will be powered by Cloudbric’s patented deep learning module known as VISION and will provide an all-inclusive suite of cybersecurity solutions, as well as the development of a new decentralized security ecosystem.
What is Cloudbric?
Cloudbric is a Security-as-a-service (SECaaS) model providing website protection at zero to low cost utilizing the WAPPLES’ COCEP engine. “WAPPLES” is a Web Application Firewall that uses a logical analysis based engine rather than the traditional pattern matching method. The engine uses a system of 26 rules to execute logical traffic. Using this method, the WAF claims to have lower false positive rates than WAFs from competitors. The product has been certified by ICSA Labs, and is EAL4-CC and PCI-DSS certified. Although a hardware appliance, the product also supports virtual appliances for cloud environments.
Cloudbric launched as an in-house venture of Penta Security Systems Inc. a security firm headquartered in Seoul, South Korea with the idea of creating a cloud web security service/web application firewall accessible to all. What first started as an in-house project grew to a global service, and on December 1, 2017, Cloudbric Corporation became its own company. At the time of the spin-off, Cloudbric had acquired 27 IDCs (Internet Data Centers), 50 partnerships, and 8,000 user sign-ups. The service itself launched as an independent startup the same month with a $10 million business valuation as a private corporation in Seoul South Korea called Cloudbric Pte LtD. Cloudbric works with a wide range of partners including hosting providers, data centers, Value Added Resellers (VAR), Managed Service Providers (MSP), and IT consultants.
When can we use Cloudbric?
Cloudbric web protection services are fully operational right now and you can sign up today and start utilizing the free trial of their services. Which I strongly suggest doing. Use first, and pay later is their moto. Start for free and pay only when your monthly traffic exceeds 4GB. Great for businesses just starting to build. By comparison the free services they offer for DDoS Protection, SSL Support, Custom SSL, OWASP Core Rule Set, Login Protection, PCI Certification, Login based WAF and full reports. Would cost you hundreds of dollars on the competing platforms Incapsula & Cloudflare. Cloudbric Labs utilizes the same user account for additional utility access at no additional charge. This service utilizes the IP Blacklist checker called Blackipedia . The suite of offered services has won multiple international cyber security excellence awards and has a full Support Hotline (US Only) +1.(855).800.9008. available. You can easily setup your account by following a short video and secure your website for free today.
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.
How to Participate?
You can begin by participating in the current airdrop and bounty programs. The sale has a set hard cap of 10,000 ETH. There is no soft cap as unsold tokens will be burned.
KYC has began for Pre Sale round 1. Being held on 08/23~08/29, 7am UTC with 15% bonus, will require KYC, bonus has a 3 month lock and the minimum amount required for participation is 5 ETH.
Pre Sale round 2 will run from 09/13~09/22, 7am UTC with a 10% bonus and a minimum amount of 3 ETH for participation. The same 3 month lock up applies to bonus tokens.
Public Crowd Sale will be held on 10/04~10/13, 7am UTC without bonus. Total token Sale cap is 10,000 ETH and CLB tokens can be bought only with ETH throughout all sales events. All unsold CLB tokens will be burnt. KYC began on August 1st 2018 with restrictions for residents of China & USA.
You can join the discussion today with us in the official telegram group. If you would like further information please visit the FAQ download the whitepaper or contact ico@cloudbric.com
DISCLAIMER: This content is intended to convey general information only. Not provided as legal, investment or any other form of financial advice.
Now it’s your turn to do some of that sweet due diligence you hear all the cool kids talking about.
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