Place/Date: Hedmark, Norway - August 4th, 2017 at 7:52 am UTC · 4 min read
Contact: Richard Morrison, Source: CybCSec
Norwegian based company CybCSec Solutions has announced its new cryptocurrency CybCSec Coin [XCS]. The company, with a mission to provide personal cybersecurity features for businesses and individual users across the globe has a long-term model designed to be implemented with pre-existing as well as new businesses. The model is designed to be implemented in three separate phases.
The CybCSec team is comprised of industry-leading developers from the cybersecurity sector, with some of them boasting decades of experience in the field. CybCSec Solutions plans to become the leading developer in the Crypto-verse, by creating and implementing innovative security for personal and business users.
The CEO of CybCSec Solutions outlines the projected growth in user base stating,
“We estimate by the middle of 2018 we should see an active user base of over half a million people and by the end of 2018/beginning of 2019 that should be over a million users.”
The CybCSec Whitepaper outlines the project’s feature releases in a series of phases, from one to three. CybCSec Coin has been designed to have a long term, stable ecosystem and a growth model that is easily implemented with pre-existing businesses. The company’s three phase feature release structure is as follows:
The Feature Release of CybCSec coin has already started, and the cryptocurrency is undergoing its final series of testing. CybCSec coin wallets are already available for Windows, Mac, Linux, and Android devices. TOR enabled connections for secure messaging, and stealth addresses for anonymous receipt of payments have been already implemented and working.
Ecosystem & Growth
The platform already has agreements in place with a global sales team network operating in more than one hundred countries. The group includes more than ten thousand restaurants, cafes, shops and businesses, which will accept XCS DIRECTLY as a payment method for products and services. CybCSec Solutions expects to release a compiled database of retail outlets accepting XCS by the end of Q3 2017.
It will witness the implementation of user-friendly Smart Contracts, allowing “average user” to integrate XCS into their pre-existing business models and newly created Smart Contracts.
Ecosystem & Growth
CybCSec Solutions will focus on integration with a range of shopping clubs and online merchants, working with their global sales team in order to build further support for the currency worldwide.
The third and final phase of feature releases will introduce Antivirus, Cyber Security, Intrusion Sensors, Secure File Transfers and additional security based innovations being developed by CybCSec Solutions.
CybCSec Solutions lead developer outlines the company’s mission stating,
“It is our vision to change the way cryptocurrency operates within any given ecosystem and to provide a much safer and productive experience for all cryptocurrency users worldwide. A secure and unique environment along with personal safety is a priority for a thriving ecosystem, and CybCSec Solutions aims to be a leader in this field. To further this, we believe cryptocurrency should be inclusive and available to everyone, and that is why, along with our agreements in place with the global sales team we also offer education to business and personal users looking to further understand this world-changing innovation that we have been given with cryptocurrency and it is our intention to make cryptocurrency more accessible and accepted worldwide.”
CybCSec Coin ICO
Unlike other innovative companies who have recently chosen to raise as much money as possible from ICOs, CybCSec Solutions plans only to sell approx. 2.5% of the total supply in order to raise funds for Phase Two and Three development. The company will reserve the option to release further XCS to the market, should there need to raise more funds for future developments.
The public sale will take place in an ICO-style format with several stages, and price increases at each stage, information about the ICO can be found on the official website for CybCSec Solutions. The ICO will be hosted directly by CybCSec Solutions via its dedicated website, with payment processing being handled by CoinPayments. For full ICO details and to stay up to date, visit the CybCSec ICO page.
CybCSec Coin Specification
Currency Name: CybCSec Coin
Total Supply: 250,000,000 XCS
Proof of Stake: 8% Annual Reward
Block Times: ~64 seconds
Learn more about CybCSec at – www.CybCSec.com
Learn more about the ICO at – www.CybCSecICO.com
Find CybCSec Coin on Facebook here – https://www.facebook.com/groups/CybCSecCoin/
Find CybCSec Coin on Twitter here – https://twitter.com/CybCSec
CybCSec Coin Whitepaper here – http://cybcsec.com/xcswhitepaper.pdf
Disclaimer: CybCSec 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.