Website

Buglab (BGL)

ICO

Published: Jul 23, 2018

Buglab is an Ethereum-based platform that connects companies with a global network of expert cybersecurity researchers. At the center of ecosystem, there are two programs – the Buglab Contest and Vigilante Protocol, helping companies all over the world to discover and fix vulnerabilities on their digital solutions or assets.

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Overview

Project industry	Privacy & Security
Product type	Platform
Whitepaper	Open

Bounty program

What is Buglab

Buglab uses the power of Ethereum to enable penetration testing for digital enterprise solutions. There are two programs - the Buglab Contest and Vigilante Protocol. At Contest Buglab links clients with a global network of certified cybersecurity penetration testers in an incentivized environment. The testers are rewarded with BGL tokens based on their cumulative discoveries in time-limit competitions. At Vigilante Buglab provides an avenue for whitehats to share their own vulnerability discoveries. BGL tokens are required for all transactions in the Buglab ecosystem, from ordering a contest to rewarding pentesters and whitehats.

Details

Pre-sales: Jun 30, 2018 - Aug 04, 2018
Token supply: 170,000,000

Legal

Registration country: Gibraltar

Token info

Ticker: BGL
Type: Utility-token
Token price in USD: 1 BGL = 0.15 USD
Accepted currencies: ETH
Bonus program:
Pre-sale: 25%
ICO:
First 24H: 20%
Week 1: 15%
Week 2: 10%
Week 3 to end: 0%
Token distribution:
40% - General token sale
20% - Vigilante Protocol reserve
10% - Team
10% - Future product development
10% - Marketing
7% - Advisors
2% - Community campaign
1% - Buglab transaction reserve
Funds allocation:
45% - Development and staffing
22% - Marketing
16% - Business development
12% - R&D
5% - Legal and accounting