Cryptelo: Secure key Management for the Blockchain Generation
The Solution to a Major Flaw in Today’s Digital World
Meeting between Dr. Klima, Jiri Zuna and Martin Baros led to an idea for a solution to the key flaw in online security.
Cryptelo shares its vision for an impenetrable encryption service, secures investment, builds a team of top cryptographers, and gets to work.
Cryptelo Drive, also known as the "NSA Proof Dropbox" is launched.
Cryptelo secures high-profile clients in high-security sectors.
Program Committee Member S2 (Information Security Summit)
- contributing to the program and content of this prestigious information security conference.
Founder and CEO SECTION Technologies
multiplatform security applications for mobile banking and the forex market (FOREX Mobile).
Development Team Leader at ARBES Technologies -
designing modules for interbank payments.
VP of Business Development
Head of Marketing
Social Media Manager
The global content platform around emerging technology.
Author & International Keynote Speaker
- An expert on AI, Blockchain and Big Data and author of the books Think Bigger and Blockchain.
Academic in AI, Blockchain and Big Data
- PhD Candidate at the University of Technology, Sydney and faculty member of the Blockchain Research Institute.
Advisor to CEO
CEO StartupYard - Seed Accelerator
- 4 years with European seed accelerator for technology startups.
Conseiller du commerce extérieur de la France
French Embassy in Prague
Advisory Board Member Gjirafa.com
- Web Search Engine and the premier online
platform for the Albanian speaking population world-wide.
Ex-Managing Partner of Roland Berger
- the only leading global consultancy of German heritage and European origin.
Ex-CEO of CCS (a Division of FleetCor)
- a leading independent global provider of specialized payment products and service
Board of Directors at StartupYard
- European seed accelerator for technology startups
Member of the Governing Board, Transparency International
It is time for developers to join together and build a truly secure internet. Cryptelo Platform gives them that power. Cryptelo empowers developers to manage digital keys and perform key data manipulation without having to know hard-core cryptography.
- Crowdsale (50%)
- Company (25%)
- Platform expansion incentive (22%)
- Bounty (3%)
- Research & Development (45%)
- Marketing & Sales (35%)
- Operations (13%)
- Legal (2%)
- Contingency (5%)
Cost of the token12500 tokens for 1 eth
Price without discounts
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Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
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The project develops a leading software platform and solutions for the global market. The team already offers Cryptelo Drive, a premium product designed especially for B2B sales, which provides an encrypted virtual disk for companies where users with an account can get access to their data through a web application and can easily download, exchange and edit any kind of file.
Risks and disadvantages
The lack of adaptation mechanisms for the implementation of this application in real markets can be considered as a serious drawback of the project. Even though that the company already has a number of developments, they haven't been introduced to the market yet and it's difficult to predict the consumers' reaction when the product will appear.
No doubt that the project is interesting and maybe it will be successful in the long term, especially taking into account the team's experience and the availability of working models and innovative developments. Everything will depend on how the team can introduce their product to the market.
Team members have active links on their Linkedin accounts. Project has also advisors. During crowdsale and private sale bounty campaign was available.
Risks and disadvantages
25 % of all tokens accounts for the team. The index is huge, as token price can be easily manipulated when it enters the market. I assume regular investor won't get the basic idea of the project, as there is no alpha or any demo version.
I would think twice before investing in this ICO, as the idea is not clearly outlined. Thus Roadmap is no precisely described.
Data protection is a requirement needed by many people in various categories because of need for privacy. If data is secured and given to the right people then many parties are to benefit from the venture. With the tokens given out on bounty many referrals will be made and awareness created.
Risks and disadvantages
Many ICO projects are providing a similar service of data protection meaning that getting a large market share will be quite difficult and this will henceforth affect profitability. Advisers with knowledge of blockchain and digital currency are not part of the team members. At the current rate of open ICO the project seems to be having a slow progress in accumulating the required funds.
Strategic and tactical approach could be used in getting big tenders from large firms with a lot of data, this is a move to increasing and capturing a market to be served. This might not be a perfect investment project because there aren't any reserved tokens in the token allocation which doesn't provide for future sustainability.
What does the Cryptelo Platform provide?
The goal for the Cryptelo Platform is to be able to provide an easy-to-integrate solution, which other developers and companies can use to leverage our technology. Using our platform, everyone can bring the advantage of strong cryptography into their own system. We believe that this project can finally bring privacy and security, that we all deserve, into our daily lives.
What is a Cryptelo Token?
Cryptelo Token (CRL) is a ERC20 based token. Our tokens can be exchanged for other cryptocurrencies (like Bitcoin or Ethereum), and for FIAT currencies on various exchanges. Our tokens are freely tradable. We are releasing a fixed amount of them and anticipating demand for our services to increase their value.
What will give the Token its value?
Cryptelo Platform provides server APIs, which other companies can use to build 3rd party applications leveraging our crypto library. Cryptelo Platform and its APIs are provided in the form of SaaS (Software as a service). We will be charging for API usage and Cryptelo Tokens are the currency used to pay for our services. Because the number of tokens is limited, we expect the value to be rising together with Cryptelo Platform usage.
How can I participate?
To participate in Cryptelo's ICO, all you need is an Ethereum compatible wallet with support for ERC20 tokens. Please, do not send ether (“ETH”) directly from cryptocurrency exchanges, make sure your wallet is ETH and ERC20 compatible.
What is the token price during the ICO?
1 ETH ~ 12 500 CRL
What crypto-currencies are accepted during the sale?
What’s the minimum and the maximum anyone can buy?
There are no limits.
Which wallets can be used to store Cryptelo Coins?
Any wallet compatible with ERC20 tokens e.g. https://www.myetherwallet.com/
Who should purchase Cryptelo tokens?
Companies and businesses that need to protect their data, developers who, with our easy-to-integrate architecture, will be able incorporate strong encryption and strong key management into their applications, and individuals who believe in Cryptelo's innovation and want to be part of its common future.
How is the Cryptelo Platform different from other ICOs, and why should I participate?
Cryptelo came to existence in 2014 and since then we have already acquired customers who use our product Cryptelo Drive. It’s trusted by our clients in banking, IT, and law. We'd like to take our current technology to another level and make it available for anyone, anywhere. Our team members and advisors bring in strong experience in software development, cryptography, business development, sales and marketing to mitigate risk.
This project needs deep tech knowledge, what is the technical experience of the team?
Head of development is Jiri Zuna, a founding member of Cryptelo. Before starting at Cryptelo, he had been participating in, or leading, projects for different state agencies and small start-ups. He has been working with teams on delivering software ranging from mission-critical financial applications to specialised software for custom hardware (3D printers). Our senior developers (10+ years of enterprise development), who were participating in the development of our existing solution, acquired deep technical expertise in big, international, projects for companies like Accenture and Telefonica O2. Cryptelo security was designed by Dr. Vlastimil Klima, one of the top crypto specialists worldwide.
When will the platform be ready for developers to use?
We are aiming to release the first version during 2018. After our initial release, frequent and constant updates, can be expected to be released regularly.
What will the ICO be used for?
The ICO is the first step for Cryptelo to launch its initial implementation and promotion of the platform.
Is there a cap for the token sale?
There is a fixed supply of 500 000 000 CRLs. There is no cap on contributions and CRLs will be distributed proportionally based on Ethereum value contributed from sender.