Hybrid blockchain technology brings complete solution to the center of attention, it is the first complete enterprise-class security solution. It enables protection against all external, internal, viral, surveillance and operational threats. Thus, it includes cloud storage and broad security protection. Enterprises can now choose a simple, complete solution from a single vendor as an alternative of a complex, piecemeal, multi-vendor approach.
Highly Effective
Sia, Storj and Filecoin is a list of example that uses decentralized platform based on blockchain-only file storage which typically expose 1% of the potential attack surface to hackers compared to centralized storage systems. Regardless of how, hybrid blockhchain has two ring of decentralization which are able to translate to a miniscule attack surface in less than 1% blockhchain-only networks, and less than 0.01% of conventional centralized networks.
Cost-Efficient
Cryptyk is less than 50% of the total cost of equivalent multi-product solutions from 2-4 cloud vendors. Not only the cryptyk cryptocurrency are able to flourish the wealth of the companies’ economy, also it leapfrogs their own cost savings over time.
Low Latency
A large access latency is the major drawback of all blockchain-only file storage platform such as Sia, Filecoin and Storj. Meanwhile, Cryptyk hybrid technology exhibits access latency of less than 200 milliseconds in which its conventional to cloud storage latency. Thus, enabling real-time applications.
Cryptyk Token (CTK) Economy.
Cryptyk Token economics are driven by the CRYPTYK security engine. This private permission blockchain provide protection against internal and surveillance security threats which is highly effective and cost-efficient. Furthermore, Cryptyk has a perfect synergetic between decentralized blockchain platform and the decentralized multi-cloud storage platform. CTK tokens primary use cases are user verification, file tracking and security auditing functions which ultimately convey the immutability of the blockchain ledger. Moreover, CTK token economy has four other ancillary functions and participant’s benefits which driven by the blockchain security engine.
Viral Network Effects
There is a significant overlap between Cryptyk’s enterprise customer base and token sale investor base as Cryptyk’s main focus are on financial, legal, banking, accounting and insurance. CTK token sale event merging with viral file sharing between users make way for three network growth effects which is as follows;
(1) investor adoption via conversion of customers, (2) customer adoption via conversion of investors, and (3) customer adoption via conversion of our customer’s customer (ie: individual consumers).
Community Development
Incentives for enterprise customer adoption and third-party developer participation is the structure of Cryptyk token sale. Non-profit Cryptyk foundation entity will manage one third of all CTK tokens created. A healthy, thriving, evolving community for all CTK participants will be develop as the foundation will issue CTK’s to customers for product trial participation, and to open source developers for building plus-ins for integration with enterprise software.
Product Development
A global public round and a private pre-sale round will issued with one third of all CTK’s created, whether it is USD, Bitcoin or Ethereum. Cryptyk Inc. will use the fund for product development and sales. US$25 million is required in order to deliver the ideal version of the CRYPTYK product (internally hosted) whereas in order to deliver a minimum viable product (hosted in AWS) approximately US$3 million of funds are required (minimum raise amount). Thus, product development will not require more funds as the sale is capped at 250 million tokens.
Long Term Value
Long term growth of CTK token is driven by its fundamental utility. The more the sales of security and storage services to enterprise customers the greater the demand of CTKs compared to supply. Irrespective of speculative market sentiment, CTK value will grow directly with revenue growth over the long term as utility tokens driven by revenues offer stronger, more immediate growth potential than securities which typically reflect market sentiment of company earnings.
Cryptyk Foundation and Global Community
The global Cryptyk community is a critical component of the entire CTK ecosystem and economy. With this being said the Cryptyk Foundation play a major role in harnessing the Cryptyk community globally by holding regular membership events to promote the CRYPTYK open source platform to both customers and developers. Not to mention that the foundation manage a total of one third of CTK tokens created which is 250,000,000 CTKs in which to incentivize customers and developers to participate in the CTK economy. Cryptyk Inc. has its corporate headquarters located in San Francisco (USA), Adelaide (Australia) as of right now and planned to enlarge its presence of a truly global community which covers each region in the world with headquarters in Zug (Switzerland) and New York (USA) by the end of 2018. The Cryptyk foundation main objective is to manage the liquidity of the CTK economy in order to minimize short-term volatility from opportunistic or speculative investors.
