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(+) ICO Analysis: Block of Bricks

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Gladius.IO offers a decentralized solution to help protect people from DDoS attacks and speed up websites.

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Gladius.io is essentially an automated market where users can rent their bandwidth and storage space to earn Gladius tokens (GLA) while purchasing DDoS protection and content delivery services.

A Distributed Denial of Service (DDoS) attack is essentially a massive flood of web site traffic from different sources, making it almost impossible to stop a single source to stop the attack. # 39; attack. For any website owner, it's an absolute nightmare. It's essentially the same as having a group of people cluttering the front door of your store and not letting legitimate customers through.

As a recent example, Bitcoin Gold, the last fork of the Bitcoin network, suffered a major DDoS attack after launching its token.

In 2016, DDoS attacks cost businesses approximately $ 150 billion and businesses spend on average more than $ 5,000 per month on DDoS protection even if they are never attacked. Not only are DDoS attacks costing companies when they occur, but they also cost a significant amount just for protection.

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DDoS attacks have already cost the BBC, Blizzard Entertainment and GitHub millions of dollars, with a DDoS attack costing around $ 2.5 million. Through the attack of October 21, 2016 against a company responsible for much of the Internet DNS infrastructure called DYN, sites such as Twitter, Netflix, Reddit and CNN all have been closed for a whole day. This unique attack cost well over a billion dollars worth of damage and revenue missed

More than 1.2 Tb / s of malicious connections have dropped this cornerstone of the Internet. Sites such as Twitter, Netflix, Reddit, CNN have all been completely closed for an entire day.

In addition, if an unprotected business suffers a DDoS attack, the damage can cost site owners days, weeks, or even months to try to reverse the damage.

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This is where Gladius wants to make an impact. Gladius aims to use excess bandwidth and computing power (the vast majority of which is unused) to create inexpensive protection pools tailored to the specific needs of each customer.

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Thus, not only will companies be protected against DDoS attacks at a lower cost, but they will also be able to speed up their content. Faster on-site content leads to greater user satisfaction and higher conversion rates.

Tokens (GLA) and distribution

A maximum supply of 96,320,000 GLA has already been created, with fixed supply being issued during the creation of tokens. As soon as they are issued, the chips will be immediately available for use on the Gladius network before the public sale.

Maximum Emission: 68,000,000 GLA
Maximum Issue of Token: 96,320,000 GLA
Maximum token Maximum market capitalization: $ 41,000,000

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Gladius will accept ETH for GLA.

Max public sale: $ 12.5 million

Min auction sale: $ 2 million

Sale of chips Max coin distribution: GLA 68 million

Funding Objectives:

$ 4 million – basic DDoS, CDN and load balancing

$ 8 million – Download file CDN

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$ 12 million – 5-layer DDoS protection

$ 16 million – Static Content Caching CDN

$ 18 million – Dynamic Content Caching CDN

$ 20 million – Gladius App Store

$ 22 million – Layer 7 DDoS protection

$ 24 million – Advanced CDN optimizations

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$ 25 million – Advanced DDoS Optimizations

The distribution of these chips is as follows:

  • Basic Development | 40%
  • Security | 20%
  • Operations | 20%
  • Legal | 10%
  • Marketing | 10%

Out of the Tokens,

  1. 10% of all GLA will go to the founders.
  2. 15% will go to consulting, community and marketing teams.
  3. 15% will go to operational costs, which includes bonus programs, daily costs, and so on.
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Coins for the founding team will be locked for 18 months.

The Gladius White Paper states that the majority of the costs go to the person who rents his bandwidth and storage space (node ​​owner), with a small percentage going towards the support and development of the protocol. The fees will be in GLA.

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The team

Interestingly, the Gladius team started in early 2017 as a student team at the University of Maryland College Park. The members of the Gladius team have significant experience in computing, blockchain and cybersecurity, making them ideally suited to this type of project. The team includes Max Niebylski, Alexander Godwin, Marcelo McAndrew and a handful of other members with experience in marketing, public relations and other cryptocurrencies.

Verdict

As illustrated by the following discussion, the author is optimistic for Gladius. The OIC is perfectly synchronized, given the widespread concerns about cybersecurity.

Risks

  1. One can not help but notice the youth of the founding team. In fact, I think having a young team can be incredibly beneficial in terms of malleability and adaptability, and the team has experienced people, but the risks of inexperience Associates deserve to be underlined. -2

Growth Potential

  1. The world is increasingly connected to the Internet, and hackers using DDoS attacks are not lacking in targets. +2
  2. This increased threat requires new solutions, and Gladius will be one of the most affordable. Most DDoS protection solutions tend to be very expensive and offer varying degrees of success. +1
  3. Technological trends such as the Internet of Things are expanding the number of targets for DDoS attacks, and the market appears to be growing steadily. +1
  4. There are huge government applications. Many people believe that if another world war were to occur, cybersecurity would probably be at the heart of it. Having a solution that offers comprehensive protection is something that would provide countries like the United States with a stronger layer of security. +2
  5. Content delivery is an important factor in the way consumers view websites. Today's consumers are expecting instant gratification, and sites that do not provide what the consumer wants in two or three seconds could lose a lot of traffic. Gladius conveniently provides this solution in addition to its DDoS protection. +1
  6. It is ridiculously easy to launch a DDoS attack. A simple payment of $ 5 can allow anyone to have access to a botnet and start doing damage. For $ 400, you can basically launch an attack on any site. There is no shortage of attackers, but there are limits to what the current protection services can do (or what the average company can afford). +1
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Disposition

We arrive at a +6 out of 10 for the ICO of Gladius. I like how tokens have an immediate application. As a manager of several websites (thankfully, no DDoS attacks yet), I could see myself as an immediate consumer for DDoS protection, content distribution and speed of content delivery. I also think that the team has the experience of skill and marketing to execute this project.

Details on investment

The ICO of Gladius begins on November 1 and can be found here .

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If you are planning to invest in Gladius, I advise you to do your due diligence and read their white paper here .

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