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October 28 2017

ICO Alert Report: Gladius

ICO Alert Report: Gladius

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What is Gladius?

Gladius is the first and only blockchain solution for DDoS attack mitigation and content delivery. We allow anyone around the world the rent their unused bandwidth and hard drive space to become part of the Gladius Network. Websites are then able to tap into this decentralized economy and protect/speed up their websites.
DDoS attacks are when a malicious party sends dozens of Gigabytes of website requests every second to take down websites. In 2016 alone over 300,00 DDoS attacks occurred with over $150 billion in damages total.
Content delivery networks (CDNs) are networks that make websites load faster. By caching content close to users, website load speeds can be increased by over 100x.
— Max Niebylski, Founder

Q&A

ICO Alert: How does the Gladius token (GLA) function within the platform and why is it needed?

Gladius: The Gladius token is the key to our entire system. Websites must use GLA to purchase DDoS mitigation and CDN services. In turn, users renting their resources earn these tokens. Tokens can also be used to create your own protection pools. By putting these tokens at stake, you can manage your very own pool of users, set your own prices, and set your own profits. Finally, our token allows owners to vote on the future direction of the project.

ICO Alert: What makes Gladius different than the other teams creating a similar spare bandwith/storage project? What are the advantages Gladius holds?

Gladius: Unlike any other blockchain project, Gladius’ main goal is to protect websites against DDoS attacks while at the same time accelerating site content. Our desktop client can run synchronously with any typical hardware mining programs as well.

ICO Alert: A large portion of Gladius’ mission is to provide a new avenue for security against DDoS attacks. Who is your target audience based on this part of the mission, and have you ‘signed on’ any large partnerships/corporations to date?

Gladius: We are targeting any website currently paying for either DDoS protection or CDN services. Currently providers are centralized and can gouge prices with little repercussion. There is a distinct gap between the $250 and $5000 per month price tiers. By offering a pay as you go solution, we are allowing all websites to get the fairest prices.

ICO Alert: How is Gladius using distributed mining pools and smart contracts to mitigate DDoS attacks?

Gladius: It’s not actually a mining pool in the traditional sense, each node acts like a node in a traditional CDN. Users are compensated based on their bandwidth, storage, location, and reputation. Nodes are paid by websites through the pool manager smart contracts. DDoS attacks are mitigated by detection at the DNS level and prevented by nodes. Because of the nature of the platform, the many endpoints make it a very hard system to attack.

ICO Alert: What marketing efforts is Gladius undertaking to line up clients and users for the platform? Is the desktop client easy to use for those who are not as technologically savvy?

Gladius: We have been reaching out to dozens of interested websites that are very excited to get the chance to use Gladius. Our goal is to make the entire Gladius user experience as seamless as possible. We are currently working on making our desktop client as quick to setup and operate as possible. With our finished product, anyone should be able to set up our client in a matter of clicks and start earning GLA. We also have been discussing ways to simplify the website process and put a veil in front of the cryptocurrency backend system. Our end goal is for companies to be able to pay in their local currency which would be converted to Gladius Tokens behind the scenes.

ICO Alert: What will be required to host a node and how many nodes are needed for the network to succeed in the short term future?

Gladius: Anyone with bandwidth to spare and space on their computer can be a node. Depending on how much they are able to contribute determines how much they are compensated. In the short term we are looking to build a Gladius pool with several hundred nodes with reasonably high bandwidth. A system with this size can handle a good number of websites.

ICO Alert: How far along is the project today? What does the roadmap look like for the rest of 2017 and 2018?

Gladius: We are launching the first alpha of our network before our public sale that starts November 1st. This will have the full functionality of the token implemented. Additionally, websites can purchase CDN and DDoS mitigation services with this version, while nodes can earn GLA. By March 2018 we aim to have a beta version of our network released. This will have a more robust DNS system as well as smarter routing, faster content caching, and more complete DDoS protection. August 2018 is when we plan to officially launch the network. By then we will have all our systems in place to make our product as user friendly as possible while still having a very strong core tech foundation. Finally, December 2018 is when we plan to reach many of our stretch goals. Things here may include pool-injected scripts/apps, superior traffic analytics tools, and even more secured DDoS mitigation services.

ICO Alert: As a non-Gladius question we like to ask for unique predictions for the ICO and cryptocurrency space in the future. Where do you see both in the next 3–5 years?

Gladius: We believe that blockchain technology is the future. Every single industry that exists today will be affected by this tech in some fashion. This space is truly a revolution for all. ICOs have become more and more common every month. There will be a point where consumers and buyers become more discerning when choosing how to spend their hard-earned money. ICOs that have a proper legal footing, strong founding team, and technology to show for their efforts will become the new standard.

Pre-ICO Information
The pre-ICO is currently live and ends on November 1, 2017 and you no longer have to be an accredited investor to participate. There is a KYC process that must be completed and the minimum contribution amount for the pre-ICO is 34 Ether. Depending on the amount contributed there is a lockout period of one to three months before pre-ICO contributors have access to their bonus tokens.

ICO Information
The ICO begins on November 1, 2017. There are a total of 68,000,000 Gladius tokens (GLA) available during the crowdsale and a hard cap of $12,500,000, that if reached, will end the ICO immediately. There is a soft cap of $2,000,000 for the ICO, that if not reached, will begin a dialogue between the team and investors to discuss the best way forward.

GLA is an ERC-20 token and Ether is accepted as contribution. An ERC-20 compatible Ethereum wallet must be used for contribution and receipt of the GLA tokens.

The following bonus structure exists to incentivize early contribution:

First 24 hours: 20% bonus (1 Ether = 600 GLA)
Week 1: 5% bonus (1 Ether = 525 GLA)
Week 2: 3% bonus (1 Ether = 515 GLA)
Week 3: 1% bonus (1 Ether = 505 GLA)
Week 4: No bonus (1 Ether = 500 GLA)

Token Distribution Information
There are a total of 96,300,000 GLA tokens being created, with 68,000,000 available across the pre-ICO and ICO. Tokens will be distributed to contributors immediately after contribution and once the transaction has been confirmed.

Allocation
60%: Pre-ICO and ICO
20%: Operations
10%: Founders (lockout period of 18 months)
10%: Team members (vesting period to occur)

Use of Crowdsale Proceeds
40% Development
20% Security
20% Operations
10% Legal
10% Marketing

Team
Max Niebylski, Founder
Linkedin
Max is the original founder of Gladius. Max is an enormous proponent of decentralization and blockchain technology. With over 8 years of experience in programming and entrepreneurship, he is the perfect person to lead Gladius where it needs to go for it to become a mainstay in the DDoS protection industry.

Alexander Godwin, Co-Founder
Linkedin
Alex has been interested in programming since a young age and wanted to be involved in a decentralized project as he believes it is the future of the Internet. Alex plays a key role in developing smart contracts and general system architecture.

Marcelo McAndrew, Co-Founder and Developer
Linkedin
Marcelo has a passion for web development and creating new technology he is determined to make Gladius a leader in the DDoS protection and CDN industries. Marcelo plays a crucial role in the development of the Gladius Desktop Client and Web Portal.

Ori Levi, Marketing Manager
Linkedin
Ori is a digital marketer with over 10 years of experience in PR, SEO, and content marketing. He is a cryptocurrency enthusiast who has been trading altcoins for several years. Ori has been involved behind the scenes in a countless number of successful marketing and business development ventures, and has advised many ICOs and blockchain startups in 2017.

Roi Dalal, UI/UX Designer
Roi is an experienced graphic designer focused on UX/UI and data visualization. He has been involved in many innovative projects in the field of IoT, AI, E-Commerce and more.

Social Media
Facebook: https://facebook.com/gladiusio
Medium: https://medium.com/@gladiusio
Telegram: http://t.me/gladiusio
Twitter: https://twitter.com/gladiusio
Bitcointalk: https://bitcointalk.org/index.php?topic=2217711
Reddit: https://www.reddit.com/r/GladiusNetwork/

View the Gladius Website here.

View the only comprehensive list of active and upcoming ICOs here.

References
(1) Gladius Website, Gladius, (2017)
https://gladius.io/

(2) Gladius Whitepaper, Gladius, (2017)
https://gladius.io/pdf/gladius-whitepaper.pdf

Topics: Blockchain, ICO, Cryptocurrency, Website, Investing