Heroic Token ICO: HRO Coin For Artificial Intelligence Security?

HEROIC.com is powering the future of cybersecurity with artificial intelligence and the blockchain to protect against current and next-generation cyber threats. As cyber threats are growing at an exponential rate, modern cybersecurity solutions are reactive, outdated, and ineffective. The vast majority of threat data is controlled by large corporations and governments, making it difficult and costly to build next-generation solutions that improve protection. Recent advances in artificial intelligence based threat protection are promising, but the solutions are almost exclusively deployed to large corporate applications, which puts the technology out of reach of the people who are most vulnerable to attacks.
The Hero Capital Market Platform will utilize blockchain and smart contract technology to facilitate the legal issuance of fiat and cryptocurrency denominated financial smart contract digital tokens by underserved individuals and businesses in Southeast Asia to investors globally. The Hero Capital Market Platform will facilitate the participation of borrowers, lenders, originators, servicers, legal counsel, vulture investors, payment providers, and rating providers to promote the Hero Vision of promoting financial inclusion, transparency, and efficiency in capital markets across Southeast Asia.
As is clear for everyone to witness, the threat of cyber crime is at an all time high. This is because most of the modern cybersecurity measures that are used by companies are either too archaic or reactive. Additionally, when looked at more closely, we can see that a vast majority of threatening data is controlled by large corporations and governments, which makes it extremely difficult to develop new safety solutions.

Hero Token Details

What is a Hero Origen token?

The Hero Origen Token is built as an ERC20 token on the Ethereum blockchain and is identified through the ticker symbol HERO.
A Hero Origen Token provides membership and access to the Hero Capital Market Platform. The Hero Capital Market Platform, once developed and launched, will be a Blockchain based collaborative platform to enable securitization of financial products as token issues from borrowers in Southeast Asian markets to investors globally.

Value to contributors:

Holders of Hero Origen Tokens will be provided with the following perpetual benefits which will not be made available to future participants in the Hero Capital Market Platform:
  • Preferential access to opportunities to provide credit and equity financing to individuals and businesses in emerging markets to earn risk adjusted market returns
  • Pro-rata right of first offering on funding opportunities on the Hero Capital Market Platform
  • Up to a 20% discount from the price offered by service providers on the Hero Capital Market Platform
  • A premium/discount on debt/equity funded through the Hero Capital Market Platform of up to 200 basis points above the interest rate (or discount to price per share) made available to other Hero Capital Market Platform participants

More About the Heroic Service

As per the official company whitepaper, Heroic is planning to provide the public with a wide array of next-generation protection solutions absolutely free of cost. Some of the core components of the Heroic ecosystem include:
  • Heroic Arc Reactor™: this is the company’s native ‘open threat intelligence exchange’. It allows independent developers as well as security experts to freely trade ideas and software codes so as to develop a protocol that is airtight and error free.
  • Heroic Guardian™: it is a “unified security management platform” that will be used for further research into privatization of business blockchains .
Additionally, all internal transactions have been incentivized and customers will be provided with decent returns upon regular participation.

Token Sale Overview

Symbol — HERO
Wallet Address — Only use the wallet address on our website www.herotoken.io
Token Background — It is built as an ERC20 token on the Ethereum blockchain
Start Date — Please visit www.herotoken.io
End Date — 4 weeks after the token sale start date
Hero Token Price — 1 HERO token is equal to 0.005 ETH (1 ETH will buy 200 HERO Origen Token)
Soft Cap — Currently Unknown
Hard Cap — 250’000 ETH (79 Million USD at current prices)
Total Max Market Cap At ICO — 98 Million USD including company HERO allocation
Total Tokens in Circulation At ICO — Total Contributed ETH * 200

Developers

Developers will have open access to the entirety of the HEROIC.com Ecosystem. The core benefit for developers is the R & D Environment which provides the ability to research, develop, test and distribute their own software and algorithms. Developers will be compensated for their creations which may include intelligent algorithms, software tools, and full software systems. Ecosystem compensation is made exclusively through the HRO token.
Additional benefits include:
  • Access to threat intelligence repositories
  • Robust community of developers
  • Ability to research, build and test algorithms
  • Revenue stream to devs and security experts
  • Compensation for threat-blocking algorithms
  • Download and use data for research and products
  • Build decentralized applications

Organizations

Organizations are essential to the HEROIC.com ecosystem as they contribute vast amounts of threat data and provide for an efficient marketplace of that data. Organizations will have open access to the entirety of the Ecosystem for use in protecting their own data, receiving compensation for contributed data, integrating it with third-party branded products and services, and building their own software. Organizations may include businesses, schools, non-profits, mining-pools, governments and others.
Benefits for organizations:
  • Compensation for Data Participation
  • Access to Open Threat Intelligence Exchange
  • Enhance 3rd Party Cyber Solutions
  • Build Custom Solutions and Applications

Token Incentives & Benefits

The Ecosystem has been designed to provide multiple levels of access, value and support in order to stimulate accelerated research, development and integration of advanced cybersecurity technologies, and to ensure the availability of these technologies to everyone. Incentives are managed through the use of the HRO ICO tokens with the Ecosystem being multi-transactional, allowing both purchases and payments between any combination of HEROIC.com participants, including endusers, developers, and organizations.

Token Market

HEROIC.com is building a robust market for threat data, powered by the HRO token. HROs may be purchased using Bitcoin (BTC), Ethereum (ETH), other popular cryptocurrencies, or fiat currency. Users who own HROs may use their tokens to purchase existing and future services directly from HEROIC.com and other partners of the Ecosystem. The token will be available in select cryptocurrency marketplaces. Ecosystem participants will each be provided with a secure wallet with which they can manage their HRO tokens. To know current trend of ICOs, you can check ICO stats.

Early Bird Bonuses

• In the first 3 hours of day 1+30% token bonus;
• From 3:01h-24h of day 1 +20% token bonus;
• The whole day 2 and day 3 +10% token bonus;
• From day 4 to day 7 +5% token bonus;
• Day 8 to 14 2.5% token bonus;
• And after day 14 you will get 0% token bonus.

Bounty Overview

• Facebook campaign — 5.0% of Pool C;
• Twitter campaign — 5.0% of Pool C;
• Reddit campaign — 5.0% of Pool C;
• Slack / Telegram campaign — 5.0% of Pool C;
• Creative (Graphics and Videos) — 5.0% Pool C;
• Media support campaign — 15.0% of Pool C;
• Signature Campaign — 10.0% of Pool C;
• Translation support — 15.0% of Pool C;
• Exclusive support — 30.0% of Pool C;
• Bug Hunt and Creative Development– 5.0% of Pool C.

Ecosystem Milestones

Milestone 1 — Token Sale & Exchange Listing ~~~Q2–2018
  • Referral Program
  • Smart Contract Implementation
  • Token Sale
  • Token Exchange Listing
  • HEROIC Guardian Early Adopter Release
Milestone 2 — Guardian Release ~~~Q4–2018
  • Public Release of HEROIC Guardian
  1. Unified cybersecurity platform
  2. Credential Protection
  3. Identity Protection
  4. Cybersecurity Education
  • Basic R & D Platform
  • Basic Documentation
  1. Initial API’s
  2. Developer
  • Partner Program
Milestone 3 — Alpha Trials ~~~2019
  • HEROIC Arc Reactor
  • Standalone Node Software
  • Desktop & Mobile Agents
  • Command line tools
  • Guardian Mobile App Release
  • Addition R & D Platform API’s
Milestone 4 — Beta Releases ~~~2019
  • Platform Specific Beta Releases
  • Proof-of-Threat (PoT) Protocol Alpha
  • System Trials
  • Security Testing (continuous)
  • Language Support
  • Documentation & Tutorials
Milestone 5 — Production Releases ~~~2019
  • Arc Reactor
  • Desktop & Mobile Agents
  • Guardian Appstore
  • R & D Marketplace (DApps)
  • AI-Powered Threat Scoring Engine
Future Milestones
  • AI-powered Antivirus
  • No Knowledge Database Architecture
  • Additional Tools and Software

Conclusion

The idea of the project has great potential. The 600 million potential customers in southeast asia are the perfect opportunity for this. As in their Whitepaper stated two billion people, about 40% of the global population1, are still unbanked or underbanked and cannot get access to affordable credit, even if they have well-paying jobs and are connected to the Internet.
The ICO is backed by a great team in their individual fields (like financial and legal), but it is hard to say if their expertise in the blockchain area is adequate. Furthermore the whole project doesn’t really seem to benefit or even really utilize the need of the blockchain.
On top of these doubts, the big market cap of 250.000 Ethereum, equals nearly a hardcap of 100 million USD, and the complex bonus structure are not very investment friendly. In my opinion a short term flip without big bonuses like early bird discounts and bounties on top will be very hard. The long term potential of the project is unpredictable and is probably too risky for an investment right now. If you really believe in the idea and the problem the Hero Team is trying to solve it could work out anyway in the long run. Therefore I cannot recommend to participate into this ICO, especially with the presale bonuses and bounties. Nevertheless I am suggesting to keep an eye on Hero and might invest in near future.

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Disclaimer:
This article was written to the best of our knowledge with the information available to us. We do not guarantee that every bit of information is completely accurate or up-to-date. Please use this information as a complement to your own research. Nothing we write in any of our articles is intended as investment advice nor as an endorsement to buy/sell/hold anything. Cryptocurrency investments are inherently risky so you should never invest more than you can afford to lose.

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Bitcointalk username: fair111
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