Gladius now out of their ICO funding and with the tokens have now been released and open for trading. However, they are not trying to create a new currency like many coins are doing. They are using the blockchain to create a practical decentralized product that can be used by websites for DDoS protection that will be competitive to already established companies.
How are companies tackling this problem as of right now? They are using centralized servers to host the website giving hackers an easy target to take down their website. This current method is so flawed that a single hacker can take down a website costing thousands of dollars in damages.
With Gladius they are allowing anyone with an internet connection to provide protection to these websites while getting paid in GLA for their participation. Instead of hackers being able to attack a single server the website will be protected by thousands of computers around the world. A side effect that websites using gladius will experience is that the load times will be drastically lowered due to the caching of static content of the website.
Companies will make payments to the Gladius network in the form of GLA tokens. They will be able to join a local pool or set up their own pool dedicated to their website. The participates renting out their unused bandwidth will receive payment amount depending on how fast their internet connection is.
Cryptocurrency exchanges are probably the most that will be able to profit from this project as they are constantly under DDoS attack that affects millions of people that use their exchange.
As of the time of this article, they already have a product in Alpha testing with the Beta for public use coming out in March 2018 with full roll-out of their product coming around August 2018. Currently the GLA token is available on IDEX