1.Have you lost it and have no other ideas to launch ICO with it?? imagine now with this new thing cyber security on blockchain, what if a group of hackers find a way to defeat your system? then every body in the network is screwed. since this is the first time I see a project in this area we should wait and see the other competitors, this isn't about how many transactions are processed in a second and with so many coins doing more than Bitcoin we see it's dominance over them, this is about real threats and real time protection on wide network of users.
Answer:
LevelNet technology is not built on the blockchain protocol. We have our own protocol.
If you are interested in the technical part, pay attention to the FAQ: in section About LevelNet: https://levelnet.co/faq.html
If you are interested in how it works from a deep technical point, you can read our patent document: https://levelnet.co/files/LevelNet%20Tech%20Patent.pdf
If you have any questions, do not hesitate, we are ready to answer and tell you more about our technology.
If you read more carefully our white paper, you will be able to understand the objectives of ICO. We propose the following exit strategy for LVL tokens holders issued by LevelNet.
We took into account interests of diverse user groups and contributors and provide
three exit strategies.
1. Short-term (up to one year)
The growth of the token in the price on the crypto currency exchanges due to the
provision of liquidity by a smart contract that performs the function of a buyback with
the help of funds from the Buyback Fund. Smart contract automatically redeems tokens
from the market by creating Market Order. Smart contract algorithms actually indicate
to market participants that they can always sell tokens at a market price without delays,
creating a demand for tokens. The buyback fund is formed at the expense of funds
received during the ITO and the buy-back runs till the funds are exhausted in the fund.
2. Long-term (one year and more)
Tokens owners who have not sold their tokens in a short-term strategy receive a
preemptive right to exchange a token for a stake in the fund whose purpose is to acquire
local cyber security companies with the subsequent integration of LevelNet technology
into their products. The Fund provides for a gradual decrease in the equity participation
of founders and transfer to participants, who invested in the following phases of ITO.
Owning a share in the fund opens the possibility of participating in the distribution of
profits.
Payout Structure A smart contract allows token owners to receive payment from
the Money Back and Buyback funds starting from the 60th day
after the offering.
3. Output in the product (year and more)
Tokens owners get access to using the LevelNet project software. Besides opens the
ability to exchange tokens for subscription to use the API and SDK for corporate users.
This, in turn, allows tokens owners to sell subscriptions to corporate and business users.
2. How can you attract many investors to this project because there are too many ICOs for this month.
Answer:
Well, of course: marketing + PR + bounty.
We also sell our tokens via Ambisafe and have access to the investor database via Ambisafe exchange orderbook.io
3.Hey team, is there a specific target for this project? like the Korean market or US or for IT companies? I am curious who will be the main target for the use.
Answer
From the point of product, there are 3 initial market strategies:
- The US market
- The Indian market
- Countries of Eastern Europe
From the point of ICO, we see 4 main markets:
- United States
- Canada
- Countries of Western Europe.
- Countries of the Persian Gulf
We are now preparing a series of videos from our CEO where it will be told about our plans and product. If the video will please the audience you we will release them on a regular basis. The description of the plan for the market strategy still is commercial in secret and we would not really like to publish it ahead of time. When we reach our ICO goals, we will work with our community and share our plans
4.I have a question, don't you think that an accent on the buyback mechanism sounds 'scammy'? You basically say "I don't think we could build a business that will support the price of the token on the initial level"
Sorry if that sounds aggressive, I'm not so good at my English.
Answer:
No business can be successful right away. Business needs time to develop, market, capture the market, etc.
To support the cost of the token can 2 things:
- Underwriter
- Market Maker
This is a standard practice for stock exchanges and for IPOs.If the underwriter on classic exchanges did not have the mechanisms similar to ours, then no stock growth would be ensured.
For example, the task of a market maker is to create liquidity in creating buy and sell orders.
The current situation with the various ICOs looks deplorable:
Projects collected money from investors. The majority of investors need a quick income (Exit Strategy Short) due to speculation deals with tokens.
Tokens after listing on stock exchanges are falling in price as there is no product, no news, no volotility.
Investors are upset and lose faith.
The projects did not think about liquidity at the beginning of the creation of the ICO and did not answer the main question: Why the token will grow in value as long as the project develops.
Regards
5.As in, you place a buy order at the ICO price on an exchange?
Answer:
6.Just to summarize some of the cool stuff in the whitepaper. Special thanks to user: Darkoth89
- There we be both Free and Paid versions of the product.
- Any detection on the network, will be shared to all other endpoints in realtime
- Total number of tokens is 70,000,000, with any unsold ones being destroyed when the ICO ends.
- Funding requirement: Soft Cap $1.5M, Hard Cap approx $55M
- A smart contract has been created that will use the funds from the "Return Fund," to regularly buy back tokens from the market an algorithm.
- Contract address: https://etherscan.io/address/0x5d78d89d4a90b7db17821d36599de1c78c7bda28#code
- Contract source: https://github.com/Ambisafe/etoken2
7. And what if a user from an already infected device connects to the system?
Answer:
At the first stage of development, the main goal that faces LevelNet is a preventive measure, that is, Do not allow the device to be infected.
Option 1:
Your system is infected with malware with a function (kernel level rootkit / self-defense module). antivirus or our solutions removed malware objects
are installed by the malware protection module after uninstallation.
Solution A: Our solution overloads the device in debug mode (before OS boot) and deletes objects.
Solution B: Our solution proposes to install an antivirus package of the company that can heal the device. It installs it in a silent mode then
initializes the function of treating infected objects or deleting them.
Option 2:
Your system is infected with a malicious program without a rootkit or a user-level rootkit.
Solution A: Our solution overloads the device in debug mode (before OS boot) and deletes objects.
Solution B: Similar to option 1
Option 3 *: Your system is infected with a malicious program that is executed in memory, i.e. Does not have objects on the disk and it is launched through
shell code of exploit.
Solution: suspend and kill processes, reboot the device.
* In fact, this threat is not removed by any antivirus package and they are all silent about this fact, or they kill the process in which there is
malicious code. This is due to the fact that the projected code in memory is hard to update by signature.
8.Did you have a working demo? it looks very promising
Answer :
When watching a video, imagine that each virtual machine is users in different parts of the world
9. Cyber security is a huge threat on the other side of the coin, it could a billion dollar market. I read about rivetz and many platform trying to find a solutions to issue of security online! What special advantage does your token has over others.
Answer:
In addition to the fact that the token gives us the use of our services for life and for free, we did the following:
Advantages that we do not see in other tokens.
1. Token has guaranteed liquidity and is provided with a smart contract that automatically and regularly buys tokens from the market at the expense of "BayBack" Fond, thereby performing the functions of a market maker.
2. In order to increase investor interest, we created a smart contract that provides an opportunity to receive a reward for participation in the LevelNet project. Depending on the amount of money, the money is in the form of money, the smart contract algorithm automatically calculates and sends a one-time payment to the investor from the "Money Back" Guarantee Fund
2. As described in the Business model overview, LevelNet's API and SDK for corporate clients, LevelNet provides not only the free distribution of an endpoint security application, additionally.
Similar subscriptions are estimated at $ 50k per year. LevelNet will allow for token owners to exchange the tokens during the Token Offering for a subscription plan, which then can be used by the owner or sold to others.
3. LVL the first phase token can be exchanged for the second-phase LVLS token.
LVLS is a financial instrument, which in Phase 2 offers the following:
● Access to the fund's profits;
● Access to the register of fund shareholders;
● The opportunity to nominate a representative to the Board of Directors;
● The right to call an extraordinary board meeting.
The second phase of the ICO is the opportunity for the participants to become a full-fledged owner of the fund. The purpose of the fund is to absorb small regional
antivirus companies and integration of LevelNet technologies into their products.
It will also be useful to read :Exit strategy for LVL tokens holders issued by LevelNet: https://medium.com/@LevelNetwork/exit-strategy-for-lvl-tokens-holders-issued-by-levelnet-2b22ae7946c3
Regards,LevelNet
Great post guys! Good to see you answering questions people are asking