![Cloudbric Team Analysis and ICO Progress Report CryptoSpartan.jpg](https://cdn.steemitimages.com/DQmUx93f9teFUXoon8pef8DvUnh7sUQw2MqPEPK5v583qtX/Cloudbric%20Team%20Analysis%20and%20ICO%20Progress%20Report%20CryptoSpartan.jpg) Cloudbric is unleashing a disruptive whirlwind on the outdated cybersecurity industry, through the creation of their next-generation universal cybersecurity solution. A plethora of innovative features makes their solution truly revolutionary on several fronts, not least of which their machine learning-powered ecosystem of security solutions, and their refreshingly mutually beneficial community-centered operational mechanism. For an overall analysis and review of Cloudbric, please see my first article: https://steemit.com/cloudbric/@cryptospartan/cloudbric-review-next-gen-cybersecurity-for-the-blockchain-age Video version available here: https://www.youtube.com/watch?v=jQjQCCnFRWM I also dive deep into an analytical exploration of the future of cybersecurity and the place of Cloudbric within this uncertain digital landscape: https://steemit.com/cloudbric/@cryptospartan/cloudbric-and-the-future-of-cybersecurity-securing-an-uncertain-digital-landscape Video version also available here: https://www.youtube.com/watch?v=mushRccFxyI Following my previous analyses, this is an overall report on the background of Cloudbric as a company, and an account of the remarkable progress made by the team during their ICO period so far. Not many projects can boast an operational background as impressive as Cloudbric, and such rarely solid experience should be recognised and commended in this space. Any project or company, after all, is only as strong as the sum of its team members’ ambitions and (more importantly) practical abilities; this is a fact all too often conveniently overlooked in our currently predominantly greed-driven blockchain industry. The Cloudbric team have been on an impressive journey both before and during their token sale period, and at this point in time have already successfully conducted two rounds of their presale- selling out on both occasions remarkably quickly- with their approaching main sale scheduled to begin on October 22nd. # Company Background: Cybersecurity Veterans ![Cloudbric3 Accolates.JPG](https://cdn.steemitimages.com/DQmcfXTUkABuK7ZgEYafmY5vAVaiu8RTTUSA3PsMNfLBu3V/Cloudbric3%20Accolates.JPG) > Cloudbric's accolades, taken from their website: https://www.cloudbric.io/ Cloudbric are nothing less than cybersecurity veterans, with a track record of performance that speaks for itself; emerging from strong foundations as a venture of a regional market-leading web security firm, Cloudbric quickly excelled in the space and became a recognised market leader in their own field, catering primarily for the security needs of the previously underserved small and medium business niche. Cloudbric were in their prime, and thrived as such. However, the Cloudbric team had greater ambitions, and felt their calling lay in providing a new generation of security to the digital community through the creation of their platform to bridge the gap between artificial intelligence and cybersecurity. Thus, following their consistently stellar operational performance, by late 2017 it was decided by the core executive Cloudbric team to diverge from their mother company (Penta Security Systems, Inc.) and formed a company with a clear goal: Cloudbric Pte. Ltd. was born. ![Cloudbric executive team.JPG](https://cdn.steemitimages.com/DQmeJBcLb1Mh8Jy7xCsNtgu7Z47rnA4qyRSzx9tdVJQnDFL/Cloudbric%20executive%20team.JPG) > Cloudbric's executive team, taken from their whitepaper: https://ico.cloudbric.io/upload/file/Cloudbric_Whitepaper_EN.pdf Operations therefore became adjusted to following their newly defined mission, and plans for Cloudbric’s reverse ICO became underway. # Why Conduct a Reverse ICO? You might be curious as to why a company as well established as Cloudbric would need to hold an ICO at all- why not achieve their goals relying exclusively on funding from private sources, avoiding all the hassle and headaches of conducting a token sale? You might also possibly be wondering, ‘what the heck is a reverse ICO?’. Whilst an unfortunate number of new projects have treated their token sale as though it is merely some kind of glorified fundraising event, there are deeper community-building benefits which holding an ICO provides for genuinely driven user-focused decentralised projects such as Cloudbric. The project’s goals of enhanced AI-powered cybersecurity are linked intrinsically to community participation, and launching a reverse ICO is enabling Cloudbric to empower users to become the driving force behind their deep-learning based security network; a network, after all, is only as strong as its participants are numerous and actively engaged. For a project so heavily reliant on community participation and keenly focused on user experience, a reverse ICO is the perfect community-building mechanism, which at the same time allows for the distribution of their CLB utility token to interested new platform users. The fact that the token sale is a ‘reverse ICO’ simply means that it is being conducted by an entity with a pre-established operation, which they are looking to enhance through the opportunities provided by blockchain (and notably in the case of Cloudbric also to enhance the blockchain space in return through providing their own powerful opportunities for enhanced security). Whatever the reason for any project to conduct an ICO, however, the task isn’t an easy one even for the most seasoned of veterans, and a quality board of advisors is crucial if a project is to expect to achieve their goals effectively and ultimately conduct a successful token sale. # Titans Advising Titans: Advisory Board ![Cloudbric3 Advisors.JPG](https://cdn.steemitimages.com/DQmNrv1b87TTia4t3hvWbsFw2q9Kvn8WcXqEH9RUYA2viKq/Cloudbric3%20Advisors.JPG) > Cloudbric Advisory Board, as seen on the Cloudbric website: https://www.cloudbric.io/ However skilled a set of individuals are at their craft, all teams of any size and calibre unavoidably lack skills or connections in certain areas. Conducting a successful ICO not only requires a skilled and dedicated project team, but also a range of purpose-chosen advisors, whose experience and expertise are vital resources for any serious project. To aid in their cause, Cloudbric have recruited an array of top-tier advisors with various valuable areas of expertise, including Former CEO of Samsung Electronics China, Young Ha Kim, and renowned Chair Professor in the Graduate School of International Affairs & Information Security (IAIS) at Dongguk University, Dr. Jae-Woo Lee. Cloudbric’s advisors have been remarkedly active in their quest to help further Cludbric’s cause, offering valuable insight, growth and networking opportunities where possible. Advisor and CEO of Goldford Fintech Caspar Wong, for example, attended the Unicom Blockchain Summit in Hong Kong to pitch Cloudbric to investors during a private session. ![Cloudbric Advisor Summit.jpg](https://cdn.steemitimages.com/DQmZqJzqU3AGbiy9reGxHW5gRDyvUvZ1hHxTCg3srumo9e8/Cloudbric%20Advisor%20Summit.jpg) > Advisor and CEO of Goldford Fintech Caspar Wong pitching Cloudbric at the Unicom Blockchain Summit in Hong Kong. Image shared on the Cloudbric Telegram group: https://t.me/cloudbric A strong board of advisors fosters a strong ICO, and in the case of Cloudbric we can see titans advising titans. # Conferences & Events Cloudbric have been on such a tireless mission of spreading the word and networking that I thought the most appropriate way to display this journey is visually. Most of these updates and photos came directly from team members over the Cloudbric Telegram group along the way. ![Cloudbric ICO Event and Coonference Map.jpg](https://cdn.steemitimages.com/DQmX1NQ5YLXv7tjvXhoz3bNmDi9JbPtw5s8ByyCCeFwpEVG/Cloudbric%20ICO%20Event%20and%20Coonference%20Map.jpg) # Partnerships ![Cloudbric 3 Investors Strategic partners.JPG](https://cdn.steemitimages.com/DQmRJDpYeHN2WxVMWr323tVkhrLDRPPfcsg9G5b9VgLpn5T/Cloudbric%203%20Investors%20Strategic%20partners.JPG) > Cloudbric's investors and strategic partners, taken from their website: https://www.cloudbric.io/ In the fledgling Wild West of an industry that is the blockchain space, strategic partnerships are a crucial element of the healthy progression and expansion of any project. It is therefore impressive to see Cloudbric continually striving to close partnership deals to mutually further their cause. A snapshot of Cloudbric’s key partnerships are detailed below: ## ICE Protocol On August 28th Cloudbric announced via their blog that they had signed an MOU (memorandum of understanding) with ICE Protocol, offering comprehensive wallet security services for the project as part of their partnership. This also signalled Cloudbric’s desire for collaboration with further blockchain projects, exchanges and businesses for whom they are, of course, able to offer industry-leading specialised security services. ## Hacken Cloudbric were presented with an interestingly mutually beneficial partnership opportunity with decentralised bug bounty platform and cybersecurity solution Hacken, which was announced on September 5th. The two projects intend to use their collaborative efforts to share knowledge and experience from their own areas of expertise, enhancing both their own projects and the overall cybersecurity space in the process. ## CoinManager Cloudbric arranged another impressive partnership, announced September 6th, this time with Korea’s biggest Ethereum wallet service provider CoinManager. Also a premier crypto asset management service, CoinManager provides a range of advanced features for its 300,000 active users. Through this partnership, the two projects will collaborate and cooperate on security including cryptocurrency, wallet and server security. ## BitForex Lab and BlueChain Cloudbric announced on September 13th a particularly impressive partnership arrangement; BitForex Lab- the investment arm of top and rapidly expanding exchange BitForex- alongside BlueChain Asset Management are partners and investors of Cloudbric who are to be brought aboard the Cloudbric ship to assist with the project. # Token Sales ![Cloudbric presales.jpg](https://cdn.steemitimages.com/DQmUkTs4eX2cfdJ9myS2AaJajHovBZMg8hwy8zEHQKVZqfc/Cloudbric%20presales.jpg) > Both pre-sales were a huge success. Original images taken from the Cloudbric blog: https://medium.com/@cloudbric Cloudbric’s token sales to date have been a remarkable spectacle in themselves; the team have successfully conducted two rounds of their presale, reaching the allocated ETH hard cap on both occasions at an impressive rate. The approaching main sale scheduled to begin on the 22nd October, and the details of each are as follows: ## Pre-Sale Stage One Dates: August 23rd- September 1st (SOLD OUT IN 15 MINUTES) Bonus: 15% Cap: 2000 ETH Bonus Lock Period: 3 Months ## Pre-Sale Stage Two Dates: September 13th- September 22nd (SOLD OUT IN 21 HOURS) Bonus: 10% Cap: 3000 ETH Bonus Lock Period: 3 Months ## Main Sale Dates: October 22nd- 31st Bonus: None Cap: 5000 ETH Please be aware that if you are potentially interested in contributing, you will need to conduct the KYC which is currently available through the Cloudbric website. # Verdict & Summary Emerging from impressively strong foundations, Cloudbric are nothing less than cybersecurity veterans, with a track record of recognised excellence and stellar performance that speaks for itself. Launching a reverse ICO is the mechanism enabling Cloudbric to empower users to become the driving force behind their deep-learning based cybersecurity network. Cloudbric’s tireless mission of spreading the word and networking, approaching and during their token sale period, has seen the team attend a plethora of conferences and events, and attain an impressive array of strategic partnerships and investors. With Cloudbric’s consistently stellar performance it’s no surprise to me that both rounds of their presale sold out jaw-droppingly quickly, both within the first day of being live. Cloudbric are truly an exceptional project with an incredible team at the helm and an astounding record of progress which deserves to be recognised and commended. I wish Cloudbric the best of luck for their upcoming main sale, and will certainly be following with a keen eye as they progress on their journey to revolutionise the cybersecurity space. Have any questions regarding Cloudbric? Join their active community on Telegram where you can discuss anything Cloudbric-related: https://t.me/cloudbric Learn more at their website: https://www.cloudbric.io Dig in deeper with the their whitepaper: https://ico.cloudbric.io/upload/file/Cloudbric_Whitepaper_EN.pdf Get connected to Cloudbric on social media: Twitter: https://twitter.com/cloudbric Facebook: https://www.facebook.com/cloudbric My Bitcointalk.org profile (leonidas89): https://bitcointalk.org/index.php?action=profile;u=1669790 # References: https://medium.com/@cloudbric Cloudbric Telegram Group (https://t.me/cloudbric) https://www.cloudbric.io/ https://ico.cloudbric.io/upload/file/Cloudbric_Whitepaper_EN.pdf https://www.weare121.com/121techinvestment-hk/cloudbric/ https://www.reddit.com/r/icocrypto/comments/9gwrp3/cloudbric_ama_on_september_27_from_10pm_to_1am/ http://conference.unicom.co.uk/blockchain-summit/2018/hongkong/ https://tokenizeit1.imweb.me/ https://www.coinschedule.com/blog/cloudbric-makes-huge-splash-in-singapore-with-an-exclusive-yacht-party-hosted-by-bitforex-bluechain-assets-and-interblock-inc/