EDISON, N.J., Sept. 25, 2018 (GLOBE NEWSWIRE) -- BlockSafe Technologies, Inc., (BlockSafe), a company specializing in cyber security solutions for blockchain ecosystems, today announced the launch of the presale round of their security token offering. The BlockSafe ERC-20 security token (BSAFE™) is a revenue generating security token in full compliance with SEC securities regulations.
BlockSafe Technologies recently released mobile and desktop versions of their anti-malware tool CryptoDefender™ which secures individual cryptocurrency wallets from theft. “Our mission is an important one, $9 million is stolen each day from individual wallets and the fear that this lack of security fosters is the single largest obstacle to mass consumer adoption of cryptocurrencies and the technology behind them”, said CTO Ram Pemmaraju. “BlockSafe will secure the blockchain ecosystem. We recently launched our pioneering app CryptoDefender, and are now looking towards the future and securing both exchanges and private blockchains.”
CryptoDefender™ is the first of a three-tiered solution, which also includes ExchangeDefender™, currently in beta, aimed to protect the internal systems of crypto exchanges. “The last of our three solutions is BlockchainDefender™, a solution that protects permissioned blockchains by enabling a company to add Authentication, Transaction Verification, Content Filtering, DDoS Mitigation, Load Balancing and a Secure Firewall. There is no other product on the marketplace that offers this level of security for blockchains,” said George Waller, CEO and Co-Founder of BlockSafe.
The current presale initiates a token offering seeking to raise $27 million in total funding with the STO planned for the end of this year. BlockSafe plans to use the funds to commercialize and market their blockchain security solutions.
BlockSafe has a patented cutting-edge technology that will address major cyber security challenges; the company is further supported by an experienced team that has worked together for the past 17 years, at BlockSafe’s parent company StrikeForce Technologies, Inc (OTC: SFOR), a leading provider of cyber security solutions for consumers, corporations, and government agencies. The StrikeForce relationship brings to bear millions of dollars in R&D and 17 years of advanced and tested cyber technology. BlockSafe has additionally assembled a team of reputable advisors spanning the cybersecurity and blockchain industries.
About BlockSafe Technologies, Inc.
BlockSafe is the company that secures the blockchain ecosystem with a suite of solutions that protect against an array of cyber vulnerabilities. The company is headquartered in Edison, New Jersey. For more information, visit www.blocksafetech.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company's identity protection software products into various channels and market sectors, the issuance of the company's pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the company.
Media Contact:
Fusion Public Relations, on behalf of BlockSafe Technologies:
Olga Shmuklyer
917.715.0329
olga@fusionpr.com
BlockSafe Technologies, Inc.
George Waller, CEO
732.661.9641
Gwaller@blocksafetech.com