BlockSafe Technologies Inc. has today announced the Presale launch of BSAFE. BSAFE is a revenue-generating security token offering (STO)that is fully compliant with SEC securities regulations. Additionally, the ERC-20 token aims to pay passive income to token holders.
The company seeks to raise $27 million from the token presale. Funds raised will be used for further product development to commercialize and market BlockSafe`s blockchain security solutions. Headquartered in Edison, New Jersey, BlockSafe specializes in cybersecurity solutions for blockchain ecosystems. This consists of a suite of solutions that protect against an array of cyber vulnerabilities.
Just recently, BlockSafe released mobile and desktop versions of CryptoDefender, the first mobile cryptocurrency wallet. CryptoDefender is the first of a three-tiered solution, which also includes ExchangeDefender, currently in beta, aimed to protect the internal systems of crypto exchanges.
The Chief Executive Officer and Co-Founder of BlockSafe, George Waller expressed his enthusiasm about the launch, stating, “The last of our three solutions is BlockchainDefender, a solution that protects permissioned blockchain 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 blockchain.”
The company has patented cutting-edge technologies that aim to address major cybersecurity challenges. The company secures wallets, exchanges, and Blockchains. Wallets are secured through its CryptoDefender; Exchanges are secured through its ExchangeDefender while Blockchains are secured through its BlockchainDefender.
The company is supported by an experienced team with vast experience who previously worked at BlockSafe’s parent company, StrikeForce Technologies Inc. The team includes reputable advisors spanning across the cybersecurity and blockchain industries.
Ram Pemmaraju, the chief technology officer at BlockSafe stated, “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 blockchain.”
More information about BSAFE can be found at the company`s website.