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ICO Details

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BitFence is a cybersecurity platform. It enables users to access and install the platform software, a Distributed Sensor Network which prevents hacker attacks on companies by detecting, deflecting, and counteracting attempts at unauthorized use of information systems. By running the BitFence cybersecurity software, users will help identify hackers and for that, they'll be rewarded with the platform tokens, the HNY. Apart from the companies, BitFence can also be used by individuals at their home devices and miners on ASICs.

The HNY token is an Ethereum-based (ERC-20) cryptocurrency. It is the platform official token and will be used to reward members that provide cybersecurity data by running the BitFence software on their devices.

Team:

Nathaniel Wade: Chief Information Security Officer.
Vlad Tereshkov: Co-Founder / Principal / CEO.
Dann Thompson: Co-Founder / Principal / CFO.
William Mason: Co-Founder / Principal.

BitFence ICO began on May 1, 2018. The ICO token supply represents 50% of the total token supply, so there is a total of 500,000,000 HNY tokens available, for 0.00017 ETH each. The ICO funding target is 2,000 ETH, the funding cap is 65,000 ETH and is expected to end on October 31, 2018 or when the funding cap is reached.

Token Reserve Split (50%):

20% Reserved for Mining Pool;
15% Team;
10% Marketing and Loyalty purposes;
3% Partners/Advisors;
2% Bounty Managers/Hunters.

BitFence ICO features a bounty campaign as well as the following bonus structure:

Bonus Structure:

First 2 weeks flat at 40% and daily decreases, 4% per week;
Starts at 32% and daily decreases, 4% per week.

ICO Status	Ongoing
Token Supply	1000000000
Start Date	2018-05-01
End Date	2018-10-31
Fund Raised (BTC)	N/A
Fund Raised (USD)	N/A
Start Price (USD)	0.00017
Security Audit Company	N/A
ICO Legal Form	Corporation
ICO Jurisdiction	U.S.A
Legal Advisers	N/A
Blog	https://medium.com/@bitfence
White Paper	https://bitfence.io/data/BitFenceWP-EN-1.6b.pdf