Norwegian based tech start-up CybCSec Solutions has announced its new cryptocurrency — CybCSec Coin [XCS] as the company sets out to provide personal cybersecurity solutions for global businesses and individual users across the globe. The company has developed its business model in three individual stages.
[Note: This is a press release.]
The CybCSec team is comprised of industry-leading developers from the cybersecurity sector, many with multiple years’ experience. The company’s mission is to become the leading developer in the Crypto-verse, by designing and implementing innovative security for both personal and business users.
The CybCSec whitepaper offers a brief roadmap of the company’s three phase plan. The company has been specifically designed to offer a long term, stable ecosystem and a growth model that can easily be applied to already established businesses.
The company’s feature release structure is broken down into the following three phases:
Phase 1
Feature Release
The CybCSec coin cryptocurrency is currently undergoing the final stage of its testing before it is approved for full release. CybCSec coin wallets are already available for Windows, Mac, Linux, and Android devices. TOR network connections for secure messaging and Stealth addresses for anonymous receipt of payments have been already implemented and are in full working order.
Ecosystem & Growth
The platform already has agreements in place with a global sales team network operating in more than one hundred countries. The network includes over 10,000 different businesses, including restaurants, cafes, and shop, all which plans to soon accept XCS as a payment method. CybCSec Solutions expects to release a compiled database of retail outlets accepting XCS by the end of Q3 2017.
Phase 2
Feature Release
Phase two feature release will see the application of user-friendly Smart Contracts, enabling everyday users to implement XCS into their established businesses.
Ecosystem & Growth
CybCSec Solutions plans to focus on a selection of different real-world and online retail merchants, working with their global sales team, to offer further aid to the currency, across the globe.
Phase 3
Feature Releases
The third phase of feature releases will introduce Antivirus, Cyber Security, Intrusion Sensors, Secure File Transfers and additional security based innovations being developed by CybCSec Solutions.
CybCSec Coin ICO
Unlike other similar start-ups which have chosen to try and raise as much money as possible from their ICOs, CybCSec Solutions plans to sell just 2.5% of the total supply of available XCS tokens, to raise sufficient funds for Phase Two and Three development.
The company will decide at a later date if it will need to sell additional XCS, for further development. The CybCSec public sale will have a similar structure to that of a typical ICO-style crowdsale, with different stages and diminishing bonuses as the sale gets closer to its fruition. The ICO will be hosted directly by CybCSec Solutions via its dedicated website, with payment processing being handled by CoinPayments.
Images courtesy of CybCSec Solutions
