HEROIC - ICO Review

HEROIC: Next-Gen Cyber Threat Prevention


HEROIC is another project that has taken up the task of combining the blockchain technology with artificial intelligence to create a solution for protection against numerous cyber threats. However, HEROIC tries to distinguish themselves from competitors in the same field by promising to deliver a high-end tech product that would be distributed at a rate that is affordable to the general population, not only to the resource-rich corporations. In addition, the symbiosis of two progressive technologies should eliminate the problems, inherent to the contemporary anti-cyber attack protection methods.

HEROIC Arc and other platform features


HEROIC envisage their solution as a decentralized peer-to-peer threat prevention network, built on the foundation of the Ethereum platform. The HEROIC ecosystem will run on three protocols: Threat Mining, Cyberlitics, and the Proof-of-Threat. The expected scope of application amounts to a massive number of use cases. By incorporating the blockchain technology, the team wants to provide an unparalleled cost-efficiency of their product, thanks to the elimination of intermediaries who often jack up the prices of their cyber protection solutions to collect better profits from huge corporations that handle billions of dollars.

But the accessibility of HEROIC would also be accompanied by the superior quality of their platform, as it’s supposed to shield the users not only from the existing cyber threat, but also from the so-called next-generation ones. The platform itself will bear the name HEROIC Arc Reactor that will operate on the principle of intelligence exchange between all actors. It will combine an open repository and a cutting-edge marketplace for data related to the detected, as well as the predicted, cyber threats and attack strategies. 

The second component would be HEROIC Garden, a state-of-the-art consolidated system for managing cyber menaces. Basically, it is a cloud-based think tank where software developers and the corresponding companies can work conjointly on the development of improved solutions, being rewarded for their efforts with the platform’s native token HRO that is currently purchasable at the pre-sale event.

There would also be the Research & Development facility where the developers and company representatives can co-work in real-time on the ways to reinforce the bulwark that protects against modern threats and create means for preventing the emerging ones.

Apart from general users and developers, the HEROIC ecosystem would also feature Threat Miners, the participants who mine HRO by lending their computational resources and sharing an anonymized historical threat data.


The HEROIC team

  • Chad Bennet. The founder and CEO. A seasoned IT security engineer who laid the bedrock of what is now HEROIC Cybersecurity in November 2015. Before that, Chad was involved with several investment firms and IT companies, for instance, Lancera and Vested Group.
  • Joseph Hall. CISO. An expert security engineer who had previously worked at Dell, American Express, Sophos.

ICO details


As already mentioned, HEROIC is carrying out the preliminary sale of HRO tokens, aiming to reach the hardcap of $15 million. The current price of one HRO token is $0.1125, but early investors can expect to get more tokens via the available bonus program. There is a minimum investment threshold that stands at $1000. HRO tokens can be purchased with BTC or ETH. HEROIC chose not to restrict any investors from buying their tokens.

Author: Alex Paulson for Crypto-Rating.com

  • Security threats and attacks are increasing at exponential rates year over year
  • Current cybersecurity solutions are outdated and ineffective against attacks
  • Threat data continues to be controlled by large entities and governments
  • The cybersec industry is facing a shortage of 3+ million personnel by the year 2021
Pre-Ico Start dateFebruary 23, 2020
IndustryArtificial intelligence
PlatformEthereum
Founded2019
Websitehttps://heroic.org/
WhitepaperYes
CountriesCayman Islands
  • Chad Bennett. CEO, Chief Architect - 3 x Inc.500, 15+ Year Cybersecurity Professional, Hacker/Coder
  • Dave McDonald. COO, Engineering - Previously with Dell, Motorola, and Nortel.
  • Jake Kendall. Client Success - 12 years of leadership experience in customer support
  • Wyatt Semanek. Marketing & PR - Previously with Qualtrics &The Walton Group
  • Sagar Acharya. Senior Software Developer - Blockchain
  • Ganesh Dharmawat. Senior Software Developer - Blockchain
  • Truman Proctor. Customer Support - Community Management
  • Tammy Bennett. Office Management
  • Joseph Hall. CISO - Previously at Sophos, Symantec, Dell and Amex
  • Q2 - 2019. Milestone 1 - Token Sale & Exchange Listing. Referral Program. Smart Contract Implementation. Token Sale. Token Exchange Listing. HEROIC Guardian Early Adopter Release.
  • Q3 - 2019. Milestone 2 - Guardian Release. Public Release of HEROIC Guardian. Unified cybersecurity platform. Credential Protection. Identity Protection. Cybersecurity Education. Basic R & D Platform. Basic Documentation. Initial API’s. Developer. Partner Program.
  • 2019-2020. Milestone 3 - Alpha Trials. HEROIC Arc Reactor. Standalone Node Software. Desktop & Mobile Agents. Command line tools. Guardian Mobile App Release. Addition R & D Platform API’s.
  • 2019 - 2020. Milestone 4 - Beta Releases. Platform Specific Beta Releases. Proof-of-Threat (PoT) Protocol Alpha. System Trials. Security Testing (continuous). Language Support. Documentation & Tutorials.
  • 2020. Milestone 5 - Production Releases. Arc Reactor. Desktop & Mobile Agents. Guardian Appstore. R & D Marketplace (DApps). AI-Powered Threat Scoring Engine.

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HEROIC
StartDecember 15, 2019
EndOctober 14, 2020
Expired
TokenHRO
Soft cap$2 500 000
Hard cap$15 000 000
Minimum investment1000 USD
Tokens for sale500000000
AcceptingETH, BTC

Before even considering an investment in ICO, I always visit the section of the startup's official website that includes information about fund allocation. The overwhelming majority of nascent crypto projects aren't concealing their intention to allocate sometimes more than half of raised funds for marketing needs, which is a strong indicator for me that they are more focused on hype than product development. The situation with HEROIC is different: these guys promise to allocate 64% of the money for development and operations, which is the right thing to do.

Crypto Daddy   December 22, 2020  


I find everything about Heroic to be very appealing: the declared goals are comprehensible and feasible, the product suite holds a lot of promise, and the team appears to be knowledgeable and motivated. The "cybersecurity solution for people" would be a wonderful marketing message that should attract users en masse. Although I wonder how they plan to ensure the profitability of their endeavor since the team assures that the top-notch cybersecurity solution would be distributed at a very affordable price. In that case, I would like to know how they calculate the profit margin.

Fabi0   December 17, 2020  


The tales about the altruistic goals of creating a cybersecurity ecosystem that would be affordable for average Joes is very endearing, but when I dug a bit deeper, HEROIC Cybersecurity turned out to be just another project that talks that talk but can't walk the walk. I am following HEROIC on Twitter in order to stay informed on their development. But what I see are some random cybersecurity-related articles appearing constantly in their feed, while I want to see some news about the product!

Queen of Crypto   November 16, 2020  


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