Place/Date: Irvine, CA - October 4th, 2017 at 12:56 pm UTC · 6 min read
Contact: Danil Fadeev, Source: LevelNet
The world’s first cybersecurity platform, LevelNet Inc., has today made a public announcement about the upcoming crowdfunding through a token sale. It will be utilizing proceeds from the campaign to develop a cybersecurity platform that integrates all users of antivirus products into a single network. The system allows devices around the world to exchange information about threats, detected in their operating system in real time and prevent virus attacks by hackers from all users connected to this network.
A separate approach to protection is not relevant anymore as individually anti-virus solutions are not able to provide adequate protection. In such a scenario it is necessary to unite.
Pavel Shkliaev, CEO LevelNet, said:
“Today, antivirus products can protect users from some threats, but very often are unable to deal with the latest malware. This is due to the fact, that updates of antivirus programs tend to occur with a delay after the cyber-attack, and in the meantime, users become vulnerable. Our goal is to provide protection from computer viruses, malware and network security threats in real time. “
Present day solutions for virus protection are distributed among many independent products and suppliers. Compared with the immune system of the human body, this is similar to the fact that each organ has its own immune system. LevelNet integrates independent products into a single “immune system”, thereby erasing the boundaries of the capabilities of one anti-virus product, and takes protection to a new level. For the end user this is an easy End-Point Security application, with a range of new features like;
Token Sale Recap
The upcoming LevelNet token sale will allow participants to purchase the platform’s native LVL tokens. The token price is locked at $1 per unit, with a maximum availability set at 70,000,000. Following the conclusion of the crowdsale, all unsold tokens will be destroyed. Those interested in purchasing the token to become part of the initiative can do so by visiting LevelNet’s website at https://levelnet.co.
The LevelNet LVL token sale is set to go live on November 15, 2017. The presale will begin a fortnight early, on November 1, 2017, with a 40% bonus.
LVL Crowdsale Particulars
Token Name: LVL
Phase 1: non-investment
Issuer: Level Capital
Description/Rights: Token owners will be able to use LevelNet services, the LevelNet ecosystem, and all its products, in addition to receiving use of intellectual property rights. Possession of the token gives access to the Buyback Fund and MoneyBack funds secured by a smart contract based on Ethereum. It will be possible to exchange tokens for crypto shares in the second phase of the project.
Payout Structure: A smart contract allows token owners to receive payment from the MoneyBack and Buyback funds starting from the 60th day after the offering.
Quantity of Tokens Issued: 70 million
Nominal Value of Single Token: US$ 1.00
Conditions: Token generation is a one-time event with no additional tokens created in the future. Any unsold tokens will be destroyed following the crowdsale. In addition, the platform will also be destroying the LVL tokens that are exchanged and redeemed, used for ubscription of premium features, business version, API and other LevelNet services.
Funding Requirements: Soft Cap set at $1.5 million and a Hard Cap of approximately $55 million.
LevelNet offers three different exit strategies to the token sale participants purchasing LVL tokens.
Short-term (up to one year)
The LVL token holders can choose to sell the token by taking part in the smart contract run BuyBack program. The smart contract, by supplying liquidity from BuyBack fund will be responsible for encouraging the growth of LVL token price on exchange platforms. The smart contract automatically redeems tokens from the market by creating Market Order. Its algorithms actually indicate to the market participants that they can always sell tokens at a market price without delays, by creating a demand for tokens. The buyback fund is formed at the expense of funds received during the ITO and the buy-back runs till the funds are exhausted in this fund.
Long-term (one year and more)
Token holders who have not sold their tokens in a short-term strategy receive a preemptive right to exchange the token for a stake in the fund, whose purpose is to acquire local cybersecurity companies with the subsequent integration of LevelNet technology into their products. The Fund provides for a gradual decrease in the equity participation of founders and transfers to participants, who invested in the following phases of ITO. Owning a share in the fund opens the possibility of participating in the distribution of profits.
Output in the product (year and more)
Tokens owners get access to LevelNet project software. Besides it also opens the ability to exchange tokens for a subscription to use the API and SDK for corporate users. This, in turn, allows tokens owners to sell subscriptions to corporate and business users.
About LevelNet Technology
LevelNet integrates virtually all existing anti-virus technologies into one simple, user-friendly application. This distributed system enables participants to share threat data globally and in real time, allowing for the entire system to become much smarter, much faster, than any single security, cybersecurity provider can do today. LevelNet significantly boosts the capabilities of any user installed anti-virus programs. If a user does not have any security applications installed, LevelNet can take advantage of its distributed network platform and act as a self-standing application. Today’s cybersecurity solutions are limited. As one of the main providers finds a threat, it will often take significant time for that knowledge to be distributed to the total system. New malware takes advantage of this window of time to infect the greatest number of devices. LevelNet creates an integrated, global, and immediately responsive system to stop more malware earlier than it was possible before.
LevelNet Inc. is a cybersecurity company based in Irvine, CA. Founded in 2016. LevelNet provides new opportunities for effective cyber-protection as well as new business ideas.
Learn more about LevelNet at – https://levelnet.co
Read the whitepaper here – https://levelnet.co/files/LevelNet White Paper.pdf
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Disclaimer: LevelNet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest