What is BitFence?
BitFence comes to offer a solution to the problem of "Hacking" or more known as "Hacker".
BitFence can deflect, detect, and counter hack attempts. BitFence provides returns to companies rather than hackers.
BitFence can provide protection against what is known as a "zero day" attack. This type of attack is where a hacker takes advantage of an unknown exploit. This kind of attack can be very difficult to detect traditionally. Once the hack is found, patches or fixes can be applied, but it often takes months to find it.
In addition to providing protection against zero day attacks, BitFence will provide incentives to people who are running honeypots for BitFence. Honeypot is designed to attract hackers, Then, when hackers are on the honeypot, BitFence can capture and analyze details about each hacker using sophisticated artificial intelligence software.
This information is then used to provide warning and protection to BitFence customers. Users running this Distributed HoneyPots are assigned HNY tokens. They call people who run these miners honeypots. Anything found suspicious will be automatically processed, analyzed, and then ranked all in real time. If the hacker is found.
BitFence will offer subscription services to companies for protection against multiple threats such as blocking high-risk hosts, blocking high-risk IP addresses, and blocking dangerous payloads. One of the great things about BitFence is that people can earn passive income to provide mining services.
Users do not need expensive equipment to mine BitFence. Their application can run on a small computer with Raspberry Pi for example. The HNY tokens are the ERC20 tokens, and they can be mined and then sold for other coins such as BitCoin. Prizes will vary based on the uniqueness of the threat and the level of threat risk. In addition to mining to receive HNY tokens, they offer token sale for fundraising.
There will be two sources of revenue for BitFence. The first is the different levels of subscription service. The second is with BitFence hardware sales.
The hardware available for purchase will include pre-configured routers and pre-installed mining software. There are also plans to have mining software available for Android and iOS devices in the future.
There will be a number of different subscription terms including 3 months, 6 months, one year, two years, and three years. HNY tokens will be the accepted form of payment for goods and services.
HNY Utility Token Sale (TGE)
Token Type ERC20
Token Minting Model
No pre-mint, minted on purchase, immediate delivery
30 days pre-sale + 60 days sale
Accepted payment methods
ETH, BTC, LTC, DASH
Absolute Max number of HNY minted
Maximum HNY available during TGE
50% or 500,000,000
Soft Cap (in USD)
Maximum Hard Cap (in USD)
Base HNY Price
1 ETH = 6000 HNY
Starts from 10 ETH = 10%, 20 ETH = 20%, etc.
More Information Visit The BitFence Link:
Website : https://bitfence.io
Whitepaper : https://bitfence.io/data/BitFenceWP-EN-1.6b.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3252856.0
Twitter : https://twitter.com/BitFence_
Telegram : https://t.me/bitfence
Medium : https://medium.com/@bitfence
Github : https://github.com/BitFence
Written By- awwal1206