BlockSafe Technologies, a company specializing in cybersecurity solutions for blockchain ecosystems, today announced the launch of the presale round of their security token offering (STO). The BlockSafe ERC-20 security token (BSAFE) is a revenue-generating security token in full compliance with SEC securities regulations.
BlockSafe recently released mobile and desktop versions of their anti-malware tool CryptoDefender which secures individual cryptocurrency wallets from theft.
CryptoDefender is the first of a 3-tiered solution, which also includes ExchangeDefender (beta), aimed to protect internal systems of crypto exchanges.
The current presale initiates a token offering seeking to raise $27 million in total funding with the STO planned for the end of this year. BlockSafe plans to use the funds to commercialize and market their blockchain security solutions.
[perfectpullquote align=”right” bordertop=”false” cite=”Ram Pemmaraju, BlockSafe CTO” link=”” color=”” class=”” size=””]“Our mission is an important one, $9 million is stolen each day from individual wallets and the fear that this lack of security fosters is the single largest obstacle to mass consumer adoption of cryptocurrencies and the technology behind them. BlockSafe will secure the blockchain ecosystem. We recently launched our pioneering app CryptoDefender, and are now looking towards the future and securing both exchanges and private blockchains.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”George Waller, CEO, and Co-Founder of BlockSafe.” link=”” color=”” class=”” size=””]“The last of our three solutions is BlockchainDefender, a solution that protects permissioned blockchains by enabling a company to add Authentication, Transaction Verification, Content Filtering, DDoS Mitigation, Load Balancing, and a Secure Firewall. There is no other product on the marketplace that offers this level of security for blockchains.” [/perfectpullquote]
BlockSafe has patented cutting-edge technologies that will address major cybersecurity challenges; the company is further supported by an experienced team that has worked together for the past 17 years, at BlockSafe’s parent company StrikeForce Technologies, Inc., a leading provider of cyber security solutions for consumers, corporations, and government agencies. The StrikeForce relationship brings to bear millions of dollars in R&D and 17 years of advanced and tested cyber technology. BlockSafe has additionally assembled a team of reputable advisors spanning the cybersecurity and blockchain industries.