LevelNet ICO (LVL Token): Real Time Distributed Cyber Security Exchange?
LevelNet claims to be the first distributed cyber security platform. Find out how it works today in our LevelNet review.
What Is LevelNet?
LevelNet, found online at LevelNet.co, aims to solve problems with today’s cybersecurity industry.
The biggest problem with today’s cybersecurity solutions is the length of time it takes for knowledge to be distributed across the community. One of the main providers might identify a threat. However, it takes significant time for that knowledge to be distributed – say, to other security companies and to the general public. Malware and viruses take advantage of this window to infect the greatest number of devices.
Eventually, antivirus software has patched the exploit, but the damage has already been done.
With that problem in mind, LevelNet wants to create an integrated, global, and immediately-responsive system to stop malware more quickly than ever before.
New cybersecurity systems can seamlessly integrate into the LevelNet network to further enhance overall protection.
What Problems Does LevelNet Seek To Solve?
The LevelNet whitepaper describes today’s cybersecurity solutions as “outdated.” Today, the global cybersecurity market is valued at more than $400 billion. However, there are still major problems in the industry, including all of the following:
An Emphasis On Past And Current Threats Instead Of Future Threats:
One of the biggest problems with today’s malware is that it emphasizes past and current threats instead of future threats. Antivirus software often works by scanning the computer against a database of known threats. The antivirus adapts to new malware, but it takes time to build new defenses into the platform.
High Costs For Consumers:
Typically, antivirus software costs consumers about $50 per year. However, even the industry’s best software has detection rates of 80% to 95%, which means a lot of problems slip through.
LevelNet believes there’s an opportunity in “conquering a fragmented global market” by giving consumers a single, powerful antivirus solution.
How Does LevelNet Work?
LevelNet’s developers describe their solution as “simple and elegant.”
The platform can integrate any current cyber protection solutions for enhanced protection, allowing users to rapidly detect time-sensitive cyber threats for as long as they’re a member of the LevelNet network. That means the network will disrupt current threats while enhancing security measures against future ones.
There are three key features of the LevelNet security system, including:
- Subscribers pay $0.99 to $9.99 for an annual subscription on their device
- The LevelNet Network & End-Point App integrates users into a single universal cybersecurity network; users can exchange data about emerging threats in real-time on all their devices, combining all antivirus capabilities into a single network
- LevelNet Cloud contains a database of incidents; this database is updated in real-time, forming a reputation service for files and other objects
These three core features add up to one simple conclusion: LevelNet defends against threats even when there’s no antivirus software installed at a particular endpoint. In other words, the network defends devices even when they don’t have antivirus software installed.
Each member of the LevelNet network exchanges information about IT security incidents detected on their device with other users in real time. The network receives better protection as a whole.
Overall, LevelNet describes itself as “an informational security network” where connected users can “exchange information about IT security incidents (viruses and other computer threats) detected on their device.”
Key features of the LevelNet platform include all of the following:
- Block viruses and hackers in real-time
- Works with existing software to enhance your protection
- When a single user detects a threat, the entire antivirus network updates within a matter of minutes
- Information exchanges between users allow for real-time threat detection and protection for everyone
- Protect your private data
- Risk assessment
How Does The LevelNet ICO (LVL Token) Work?
There are two types of LevelNet tokens, including LVL tokens and LVLS tokens.
LVL token holders have a membership status that provides access to LevelNet services and software. LVL tokens are ERC20-compliant tokens. There’s a total pre-mine supply of 70 million LVL tokens.
Meanwhile, LVLS token holders play more of an active role in the company. The LevelNet token, or LVLS, is a financial instrument that will offer access to the fund’s profits, access to the register of fund shareholders, the opportunity to nominate a representative to the Board of Directors, and the right to call an extraordinary board meeting.
LVL token holders have the opportunity to receive an LVLS token upon a successful KYC/AML procedure.
The LevelNet Token ICO
The LVL ICO will see the release of 70 million tokens at a nominal value of $1 USD = 1 token. LVL tokens are release during phase 1 of the project, while LVLS tokens will be released for phase 2.
All 70 million tokens are pre-mined. Any tokens not sold during the sale will be destroyed. There’s a soft cap of $1.5 million and a hard cap of $55 million during the sale.
The pre-sale for LVL tokens begins on November 1, 2017, with a 40% bonus. The crowdsale, open to everyone, opens on November 15.
Who’s Behind LevelNet?
LevelNet Inc. is led by CEO and Founder Pavel Shkliaev, CTO and Founder Alex Bodiagin, COO Anton Aksenov, and CLO Arthur Eolyan.
The company is based in Irvine, California. They were founded in May 2016. LevelNet announced its token sale on October 4.
LevelNet aims to use blockchain technology to create a decentralized network of threat detection nodes. These nodes will automatically report threats – like viruses and malware – to the network the moment they’re detected. The network immediately adjusts to the threat, and everybody benefits from better antivirus protection.
To learn more about LevelNet or their ICO, visit online today at LevelNet.co.