BitFence Launches Public Token Pre-Sale and Appoints Industry Experts to Advisory Team
BitFence Cyber Security company launched their Public Token Pre-Sale with bonus tokens for early investors. BitFence's decentralized global threat intelligence platform is set to launch in Q3 this year.
MIAMI - April 18, 2018 - PRLog -- Today, network security company BitFence launched their public token pre-sale of the BitFence HNY token, along with the addition of industry experts to their team which boasts over 200 years combined industry experience. The presale will run until May 1 when the public sale is initiated.
The BitFence suite of security solutions leverages a distributed honeypot network with globally located sensors to detect, deflect, and counteract attempts at unauthorized use on both enterprise-level and home networks. BitFence's offering, supported by smart-contract based global Cyber threat prevention and leading-edge AI analysis tools, provides zero-day defense to networks unrivaled in the industry today. The BitFence network will dramatically reduce the average detection time of zero-day malware as well as adopt and deploy a proactive defensive approach/solution to mitigate other systems from similar cyber threats.
BitFence's technology uses mining technology via honeynet nodes, operated by their global community. Members mine and detect threats are rewarded with additional HNY tokens which are also used in the BitFence ecosystem to purchase protection services thus providing consistent demand for HNY tokens.
"Networks and computing systems all over the world are being attacked by malicious hackers on a daily basis but the typical detection time for a hack is a whopping 256 days," stated Abdul Khan, BitFence co-founder and CTO. Khan's cyber-security expertise has been honed in his role as a security expert for nuclear energy systems in the US and in UAE as part of the team securing the Emirates Nuclear Energy Corporation. "Our eco-system has been architected to scale seamlessly as the community grows a clear value chain is delivered for all but the bad actors in a cyber threat situation." Added Khan.
Community members "mine" hackers by running honeynet nodes are rewarded with HNY tokens. The patented BitFence engine correlates information together and provide 0-day threat feeds to customers who can purchase subscription with HNY tokens.
The BitFence team is joined by two new advisers; blockchain and security veteran Richard Silver and Dann Thompson who has an outstanding track record of working with early stage technology ventures in shaping their financial and business systems to promote success with a firm eye on compliance and accountability.
"Both Richard and Dann bring valuable qualities to the table and we are thrilled to have them as part of the team," said Khan.
Richard Silver, currently COO at Titanium Blockchain Infrastructure Services (TBIS), has extensive skills in blockchain technology and architecture, with a focus on scalable, secure business focused solutions. As Technical Advisor he will provide feedback and guidance as the platform is developed and deployed globally. Seasoned executive Dann Thompson also joins the Advisory Team; lending his CEO and CFO experience to support BitFence's business and growth strategy as well as his expertise in financial and organizational management for start-up organizations.
Token Pre-sale Details
BitFence HNY token is based on Ethereum blockchain. Token pre-sale is currently open to public. First stage of main token generation event will start on May 1 and will continue until July 1. Token sale features staged bonus structure and volume bonuses as well. Accepted payment methods includes ETH, BTC, LTC and DASH.
For more information, please visit BitFence and/or go to the most recent version of the BitFence White Paper.