Earlier this month we were attending an ICO event in Manhattan when we happened to catch a pitch by Gladius, a company that is in the midst of an Initial Coin Offering (ICO). The concept of Gladius is interesting as it seeks to accomplish a task that is a good fit for Blockchain technology and issuing tokens.
So the pitch is this: Rent your computer’s spare network bandwidth and start earning Gladius Tokens (GLA). The additional bandwidth is used in a distributed fashion as a CDN or a solution for Distributed Denial of Service attacks (DDOS). Effectively the user is monetizing something they have already purchased.
The size of the challenge is enormous and current solutions, like Cloudflare or Akamai, are readily available but existing offerings may be expensive or subpar.
It is pretty easy to attack a site too. We have all been impacted, at one time or another, by some nefarious characters going after a big platform or network. Gladius explains that you can launch a DDoS attack for as little as $5. Purchase access to a botnet and launch mayhem. For a few bucks more you can enter the big leagues of malicious traffic.
So Gladius checks the box for pursuing an industry sector that is dominated by monolithic platforms that really makes sense in the world of distributed ledger technology. Phase 1 of the service is expected to be ready by March 2018 with the goal of having a complete CDN and DDoS protection network capable of handling several Gigabytes of connections per second. If management can effectively execute on their mission, users that install the client can earn tokens for doing very little.
How much say you?
Well that depends on how much bandwidth you can allocate to the Gladius service. The company has created a page on their site where you can estimate how much you can make over time.
Co-founded by Max Niebylski, Alexander Godwin and Marcelo McAndrew, the team is young but they have put together a solid management bench and a list of advisors to help with the project. Gladius has partnered with CoinList and some other solid names in the ICO sector.
We picked up a copy of the Gladius Pitch deck and embedded it below. The current version White Paper is available here. The Gladius ICO is currently in the midst of their public pre-sale, launched on November 24th, with a hard cap of $12.5 million. To date, Gladius says it has raised $6.5 million – ETH 14,208.
The public sale starts on January 24th with a 20% bonus. You can read all about it here.
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