LevelNet

LevelNet
ICO date: 02.06.2018 - 15.07.2018
Industry: Cyber security
Description:

LevelNet is a decentralized antivirus platform. Attacks are prevented in seconds.

How it works:

The main goal of the platform is to prevent the attack before anyone knows it started. Virus detection data from millions of users is updated in real time. Only one detection in one of the end-point security apps is needed for the system to prevent an attack.

LevelNet combines corporate and mass market security markets to provide benefits for both, as they all participate in the fight against viruses. The company plans to tokenize virus detection in the future, so mass market users may even get paid for participation.

LevelNet plans to incorporate the biggest players of cyber security market into its platform. Users will be protected by many antiviruses, using just one app. No cyber security software except LevelNet is needed to delete or quarantine suspicious files. Each incident of such a sort is reported to all antivirus companies that joined the platform for further analysis. If LevelNet system deems it a threat, all users receive a notification.

Innovation:

The company holds a patent for the system they introduce. The platform LevelNet develops combines all players of cyber security market in one system, able to stop any virus in a matter of minutes.

Innovation score: High

Token value:

The application for mass market is free, but has a system of subscriptions, that enhance users’ possibilities. These subscriptions cost way less in LVL than in other currencies. As the popularity of the platform grows, the demand for LVL will go up together with its price.

LevelNet offers another solution for ICO investors. In 2021 the company will form a fund to manage up to 40% of shares. The fund will issue LVLS tokens that act like shares. They can only be redeemed by LVL tokens.

Please note that in USA only “qualified investors” can purchase LVLS tokens.

Token value score: High

White paper:

Apart from the white paper, LevelNet presents its patent, a very detailed financial model, technical documentation, and ICO disclaimer.

The white paper takes a look at the problems in the cybersecurity industry and opportunities for the profit, explains how the app works and presents business model and opportunities for ICO investors.

White paper score: High

Roadmap:

LevelNet shows three timelines that include technology, business and ICO roadmaps.

In the first quarter of 2018 the company finalized specifications for development and struck deals with several representatives in the industry.  In the second quarter LevelNet will start back-end development and promote its product among corporate users. In the third quarter a closed alpha for corporate clients will be live and the company will be attracting small antivirus companies for cooperation. First integration into existing antivirus software is expected to take place in the last quarter of 2018.

Open beta will be live in the first quarter of 2019, in the same time the company will release an SDK. RTM is planned on the second quarter of the year.

Roadmap score: High

Business model:

As a part of marketing efforts, the app will be free for the first two years, switching to a freemium model after that. The fees range from $0.99 to $99.99, with the majority of customers using the app for free. Another revenue stream is selling API and SDK to corporate clients.

The company is planning to reach 100 mio users in 5 years, but at the beginning just over 30 corporate clients in 2018 will be enough to make a profit.

Business model score: High

Team:

CEO is founder of several companies. He has been in top management since 2003. CTO is a tech lead with more than 10 years of experience. COO acquired an MBA degree in 2014 and founded a company right after that. CMO has been in marketing for 10 year and is a partner at CryptoPolice.com.

The advisory board includes the former Senior Director at McAfee, a man who represents Australia on G20 summits, a former Chief Malware Expert at Facebook, a cyber security expert and an international attorney with 10 years of experience.

Team score: High

Competitors:

Malware detection industry is a very competitive field with hundreds of companies on the market. However, LevelNet can turn competitors into partners because its platform is beneficial for all.

Competitors score: High

Overall thoughts:

LevelNet operates on a very useful idea, has a great team and takes the financial part of the project seriously. With its tokens exchangeable to shares, this is a good investment choice.

Website: levelnet.co
Whitepaper: Whitepaper

Overall Score

High

4.8 / 5

Risk score

Low

Crowdsale


Pre-ICO

Pre-ICO start date: 20.04.2018
Pre-ICO end date: 01.06.2018

ICO

ICO start date: 02.06.2018
ICO end date: 15.07.2018
Soft cap: 1,500,000 USD
Hard cap: 12,000,000 USD

TOKEN DETAILS

Ticker: LVL
Token price in USD: 0,01
Bonus Program:

10% 0 – $1.5 mio

7% $1.5 – $5 mio

5% $5 – $7 mio

3% $7 – $12 mio

Legal


ICO Platform: No
Country Limitations: Countries subject to sanctions
Registration Country: USA