We will release a detailed overview of the tokenomics but you can find all your answers in both the Technical White Paper and the Business White Paper @ www.cryptyk.io

Is it because it sounds 'vague'? If so, I understand. However, there is good reason for this. Many of the cyber security experts are black hat hackers and wish to remain anonymous. I think they would be a little upset if we 'outed' them.

Cryptyk consists of two rings of decentralization.

VAULT
Vault ensures each individual file is first encrypted and then sliced into 5 different portions or shards. Each of these file portions is then encrypted again and stored separately on 5 third-party cloud storage providers (such as Amazon, Google Drive and Box). The encryption algorithm also determines a storage format that ensures storage node redundancy and 24/7/365 operational reliability. Each file is stored in a granular, distributed format across 5 independent cloud storage providers, using 6 encryption keys per file. Importantly, all encryption keys are only stored on the user’s personal devices and offline back-up system. No encryption keys are stored in the cloud.

SENTRY
Sentry's private permission blockchain engine offers much more than simply monitoring user access and tracking all file- sharing activities. It offers encrypted communications for email and chat. It offers offline key back-up, digital leak protection, threat analysis, data geo-fencing and user quarantining for network administrators. It offers enterprise-level, group-level, user-level and file-level security permission management. Most important of all, it offers an open-source security and storage platform that can be integrated into third party software products for industry-wide security solutions.

Decentralized platforms based on blockchain-only file storage (eg: Sia, Storj, Filecoin) typically expose 1% of the potential attack surface to hackers compared to centralized storage systems. However, Cryptyk's hybrid blockchain has two rings of decentralization, translating to a miniscule attack surface < 1% of blockchain-only networks, and < 0.01% of conventional centralized networks.

"The community will not deliver the value to the desirable level" I'm not sure I understand this.

And you're suggesting that if a company is successful it does not need an ICO? So where does it raise its funds? From VCs?

VCs are notorious for massively diluting control and causing all sorts of issues with fund-raising. ICOs are democratizing funding and taking control away from the VCs. I think you are missing the point of a legitimate ICO.

Did you know that the leading blockchain cloud storage platforms have such high levels of latency you have to wait up to 30 seconds for a file to even start downloading? Cryptyk's unique hybrid blockchain architecture means that file access is essentially instant. So fast that Cryptyk can be used for realtime online file collaboration. Check out www.cryptyk.io for more.

What is not professional?

Thank you for your question. Our goal is to disrupt the trillion dollar cyber security industry. As you are no doubt aware, cyber security is a massive problem for pretty much all enterprises and the current solutions are fragmented. Often an enterprise will require 3-4 different software solutions to achieve their security goals: CASBs, Firewalls, Anti-Virus, Encryption, etc...

Cryptyk's solution is an all-in-one package that achieves outstanding results at less than half the cost of traditional multi-vendor solutions and many times faster than blockchain storage such as Sia, Storj, and Filecoin. Our security attack vectors are tiny compared to existing solutions. We are building the most secure cyber security and storage platform on the market. Period.

As you identified, we are also seeking to build a cyber-security ecosystem. We will incentivize potential clients (to adopt the software), strategic alliance partners (to work with us in creating synergistic pan-platform solutions), and 3rd party developers (to build apps and software to augment our core system).

With this in mind we think that our impact on the market will be significant and we look forward to building a community of like-minded cyber security professionals.

It sounds like we could be looking forward to your involvement too? 

Best
Team Cryptyk

Please refer to www.cryptyk.io/bounty for more info.

Thanks for your support!

Please check our Bounty program here: www.cryptyk.io/bounty

Please check out @teamcryptyk

See you there!

Thank you for your interest and sorry for the delay!

Yes, in their infinite wisdom Twitter suspended our account literally days after we opened it. Seems it flagged for some reason we can't work out.

SO, we have had to start a new Twitter page. Find us @teamcryptyk ! See you there!.

EXACTLY!

Why are you so confident it will drop to 150 before rebounding?

haha... 'hilarious' is probably not the adjective I would use. I'm genuinely perplexed as to the benefit of keeping the price so low if this really is straight up manipulation. Although you did call the dive... props to you!

Would be great if you could give us some kind of indication as to how M2 is coming along. Some people are getting killed on Polo...

So that's why you switched from supporting to FUDding. Don't get greedy or that short will bite you.

Three Things:

First thing.

Brian Deery, if you're here, well done for pushing through that Crypto Show interview. Those guys are the most unprofessional fools that talked complete dribble for 3/4 of the show.  You hardly had a chance to cover any topics of real interest with the constant interruptions. I refuse to listen to their show again.

Second thing.

Does anyone know when the dLoc presentation is at the Cannes Trustech event? I can't find Factom or Smartrac on the programme.

https://j2c-com.com/trustechconfex16/presentation2016/pdf/programmeDetailgb.pdf

Third thing.
M2 please

Can someone please advise me as to where is the first place that official FACTOM news is announced? Is it here? Twitter? Reddit?

Basically, Jack Lu was a contributor to the Factom Whitepaper. He is credited in this article as being a founder of Factom.

"吕旭军和汪波之前是美国公司公证通（Factom）的联合创始人"
(Translation) "Lu Xujun and Wang Bo were former co-founders of Factom, a US company"

It would appear that they have set up their own company in China called 网录科技 ( and have received 10 million RMB in angel funding led by 网录科技 (River Venture) with 万向分布式资本 (Universal Distributed Capital).

"网录科技是一家区块链技术服务公司，成立于2016年7月，专注于数据存证、数字资产、供应链金融、防伪溯源等领域，为企业、金融机构和政府部门提供区块链应用技术及行业解决方案。"
"Founded in July, 2016, 网录科技 is a block chain technology service company focused on data storage, digital asset, supply chain finance and anti-counterfeit traceability. It provides block-chain applications for enterprises, financial institutions and government departments. Technology and industry solutions."

I won't speculate on whether or not it is offering a similar service to Factom but seems that is the general space they are playing in. FCT already has a decent China presence, will be interesting to see how this plays out.

Well, that would be nice. BTC correction and M2 announcement would make for a nice rebound. Although unlikely they would announce anything before this weekend. Perhaps next week?