Cryptyk announces ICO
Announcement posted by Echelon One 01 Feb 2018
SAN FRANCISCO, January 31, 2018 – Cryptyk Inc. is pleased to announce the launch of the CTK Token Sale (or ICO) after almost 2 years in stealth development.
The pre-sale round for accredited investors commences on February 08, 2018 at 5pm UTC. The pre-sale round is priced at a 20% discounted price of 10 cents per CTK token. The public sale round for non-accredited investors commences on March 08, 2018 at 5pm UTC, and is priced at 12.5 cents a token. Note that only 750 million tokens will ever be created and released into the market.
Cryptyk has developed a revolutionary new approach to cyber-security and cloud storage. Instead of trying to prevent data security breaches, Cryptyk assumes hacks are inevitable and makes files effectively ‘safe to hack’. The ultimate goal is to take the profit out of hacking and the risk out of the cloud.
Cryptyk’s new Hybrid Blockchain Technology is based on the integration of encrypted decentralized file storage with blockchain auditing and monitoring. This hybrid solution is passively immune to external, viral and operational security threats, and also allows network administrators to protect against potential internal and surveillance threats. It is the first complete cyber-security and cloud storage solution from a single vendor, and dramatically reduces the cost of cyber-security for all business and enterprise.
“We are building the world’s most secure cloud security and storage system”, said Cryptyk CEO, Dr. Adam Weigold. “but more importantly we are also creating a whole new crypto-economy and ecosystem for the cyber-security market” he added.
At the heart of the Cryptyk platform is the Cryptyk Token (CTK), which drives an open-source cyber-security ecosystem consisting of 3rd party app developers, strategic enterprise customers, crypto-currency miners and investors. The Cryptyk Token is a true utility token that offers scalable benefits to all participants. Long term growth in CTK value will be directly driven by customer adoption and product use, rather than short-term market sentiment. Consequently, utility tokens offer investors greater potential for long term growth and less market volatility compared to the more common security tokens. Token sale participants are investing directly in a product and its self-propagating ecosystem, rather than buying equity in the company.
The funds raised in USD, Bitcoin and Ethereum will be used by Cryptyk Inc. for product development and sales. A minimum raise of US$3 million is required to deploy the crypto-currency ecosystem with a maximum raise capped at US$25 million.
The Cryptyk Team comprises of veteran cyber security, cloud storage and blockchain experts. The founders include CEO, Dr. Adam Weigold, a quantum physicist and veteran of 6 tech startups, and CTO, Raghu Kotha, a well-known white-hat hacker, cyber security expert, and former director of security at Silicon Valley Bank.
For more information about the CTK Token Sale, please visit www.cryptyk.io
For more information about Cryptyk, please visit www.cryptyk.com