Gladius.IO is offering a decentralized solution to help protect people from DDoS attacks and accelerate websites.
Gladius.io is essentially an automated marketplace where users can rent out their spare bandwidth and storage to earn Gladius tokens (GLA), while also purchasing DDoS protection and content delivery services.
A DDoS (distributed denial-of-service attack) is basically an overwhelming flood of traffic on a website that originates from different sources, making it nearly impossible to stop block a single source to stop the attack. For any website owner, this is an absolute nightmare. It’s essentially the same thing has having a gang of people clogging up the front door to your store and not letting any legitimate customers walk through.
As a recent example, Bitcoin Gold, the latest fork in the Bitcoin network, experienced a major DDoS attack after launching its token.
In 2016, DDoS attacks cost companies around $150 billion, and corporations spend an average of over $5,000 a month on DDoS protection even though they never get attacked. Not only do DDoS attacks cost companies a lot when they happen, they also cost a significant amount just for protection.
Over 1.2 Tb/s of malicious connections brought down this cornerstone of the internet. Sites including Twitter, Netflix, Reddit, CNN were all completely shut down for an entire day.
Additionally, if an unprotected company experiences a DDoS attack, the damage can cost the site owners days, weeks, or even months to try to reverse the damage.
That’s where Gladius wants to make an impact. Gladius aims to use the excess bandwidth and computing power (most of which goes unused) to create inexpensive pools of protection that are tailored to each client’s specific needs.
So, not only will companies be protected from DDoS attacks at a fraction of the cost, they would also be able to accelerate their content as well. Faster on-site content leads to higher user satisfaction and conversion rates.
Tokens (GLA) and Distribution
A maximum supply of 96,320,000 GLA ever be created, with the fixed supply being issued during the Token Creation. Upon issuance, the tokens will be immediately available to be used on the Gladius network prior to the public sale.
| Max Sale Issuance | 68,000,000 GLA |
| Max Token Issuance | 96,320,000 GLA |
| Max Token Market Cap | $25,000,000 |
| Max Market Cap | $41,000,000 |
Public Sale max: $12.5 million
Public Sale min: $2 million
Token Sale Max Coin Distribution: 68 million GLA
Funding Goals:
- $4 million – Basic DDoS, CDN, and Load Balancing
- $8 million – CDN File Upload
- $12 million – 5 Layer DDoS Protection
- $16 million – CDN Static Content Caching
- $18 million – CDN Dynamic Content Caching
- $20 million – Gladius App Store
- $22 million – Layer 7 DDoS Protection
- $24 million – Advanced CDN optimizations
- $25 million – Advanced DDoS optimizations
he distribution of these tokens are as follows:
- Core Development | 40%
- Security | 20%
- Operations | 20%
- Legal | 10%
- Marketing | 10%
Out of the tokens:
- 10% of all GLA will go to the core founders.
- 15% will go the advisory, community, and marketing teams.
- 15% will go to operational costs, which includes bounty programs, day-to-day costs, etc.
- The coins for the founding team will be locked for 18 months.
The Gladius whitepaper states that the majority of the fees go towards the person renting out their spare bandwidth and storage space (node owner), with a small percentage that goes towards support and protocol development. The fees are going to be denominated in GLA.
Team
Quick Links
Official website : Gladius.io
Announcement : https://bitcointalk.org/index.php?topic=2217711
Whitepaper : https://gladius.io/pdf/gladius-whitepaper.pdf
Telegram : t.me/gladiusio
Twitter : @gladiusIO
Facebook : https://www.facebook.com/gladiusio
Reddit : https://www.reddit.com/r/GladiusNetwork/
Author/Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1204015
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