ICO Token Sale by Security Plus claims to be the world's first cyber security ICO. The business states that they are going to get 1% of the one trillion cyber security market by 2021.
The presale of Security Plus Cloud tokens will take place on the 1st of November, 2017.
Security Plus Cloud Bonus Percentages & Sales Details
The sales details for the Security Plus Cloud Tokens can be broken down as follows:
- 50% pre-sale bonus
- 30% main sale lot 1 bonus
- 10% main sale lot 2 bonus
- 0% main sale lot 2 bonus
Contributions to the Security Plus Cloud tokens can be made by either Ethers or Bitcoin.
Where Does The Security Plus Team Spend Its Capital?
- Worldwide security operation centers – 40%
- Cyber security staff – 25%
- Marketing and business development – 18%
- Opex – 7%
- Legal – 5%
- ETH reserve – 5%
Features Of The Security Token
The founders have more than 20 years worth of experience in international cyber security with real and existing relationships with leading brands and government agencies.
The company has experienced 10 solid years of growth spread across 100 cities and 75 countries.
The ICO is headed by Harry A (CEO) and Frank K (CTO and Founder)
What Is The Security Plus Cloud ICO?
An ICO is an occasion where a new cryptocurrency project sells a part of its cryptocurrency tokens to early adopters and fans in exchange for money today. ICOs supply a means for cryptocurrency project creators to raise money for their operations. Many ICOs raise money in Bitcoin or other cryptocurrencies.
The ICO usually occurs before the project is completed, and will help finance the expenses undertaken by the founding team prior launch. For a number of the bigger jobs, part of the ICO money goes into a base that provides continuing support to the undertaking. They also function as an initial distribution version for its cryptocurrency tokens, particularly those with a proof of bet consensus algorithm.
The ICO participants have been invested in the success of this project. They can help get the word out and raise awareness in the wider community. They also provide early liquidity to the cryptocurrency tokens when they start trading. The ICO participants are also usually motivated by a profit potential if the job takes off and the tokens become worth over the ICO price.
ICOs are generally announced on various cryptocurrency forums, notably on Bitcointalk. The statement thread includes essential information about the project, such a whitepaper (if existing), job goals, timelines for ICO and project development, team involved, previous experience of the group members, notable features of this project, along with other ICO details.
Funds are generally collected in Bitcoin, either via a global, public address (in which case the participants need to send Bitcoin in a speech they control the private key for), or by creating accounts of each player and supplying them with a exceptional Bitcoin address. Best practices dictate that all funds finally be stored in a multi-sig speech that's made public.
When the ICO is completed and the project launched, the ICO tokens get recorded of cryptocurrency exchanges to trade contrary to other cryptocurrencies. The largest exchange by volume now is Poloniex. The price usually reflects the general cryptocurrency market opinion, project-specific news, and the addition of new capabilities.