ICO Watch: Gladius

What is Gladius?
Gladius is the first and only blockchain solution for DDoS attack mitigation and content delivery. We allow anyone around the world the rent their unused bandwidth and hard drive space to become part of the Gladius Network. Websites are then able to tap into this decentralized economy and protect/speed up their websites.

DDoS attacks are when a malicious party sends dozens of Gigabytes of website requests every second to take down websites. In 2016 alone over 300,00 DDoS attacks occurred with over $150 billion in damages total.
Content delivery networks (CDNs) are networks that make websites load faster. By caching content close to users, website load speeds can be increased by over 100x.
— Max Niebylski, Founder

ICO Information
The ICO begins on November 1, 2017. There are a total of 68,000,000 Gladius tokens (GLA) available during the crowdsale and a hard cap of $12,500,000, that if reached, will end the ICO immediately. There is a soft cap of $2,000,000 for the ICO, that if not reached, will begin a dialogue between the team and investors to discuss the best way forward.

GLA is an ERC-20 token and Ether is accepted as contribution. An ERC-20 compatible Ethereum wallet must be used for contribution and receipt of the GLA tokens.

The following bonus structure exists to incentivize early contribution:

First 24 hours: 20% bonus (1 Ether = 600 GLA)
Week 1: 5% bonus (1 Ether = 525 GLA)
Week 2: 3% bonus (1 Ether = 515 GLA)
Week 3: 1% bonus (1 Ether = 505 GLA)
Week 4: No bonus (1 Ether = 500 GLA)

Token Distribution Information
There are a total of 96,300,000 GLA tokens being created, with 68,000,000 available across the pre-ICO and ICO. Tokens will be distributed to contributors immediately after contribution and once the transaction has been confirmed.

Allocation
60%: Pre-ICO and ICO
20%: Operations
10%: Founders (lockout period of 18 months)
10%: Team members (vesting period to occur)

Use of Crowdsale Proceeds
40% Development
20% Security
20% Operations
10% Legal
10% Marketing

Website: https://gladius.io/

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