Buglab, a cybersecurity solutions start-up has announced that it will be offering $ 2,000,000 in BGL tokens to cryptocurrency exchanges and cybersecurity researchers participating in the penetration testing contests of its platform.
Buglab has decided to release a private beta version of its platform, following a spate of recent exchange hacks.
Any exchanges who offer to run a launchpad, or promote the token sale in some way will be eligible to receive the penetration testing service to detect vulnerabilities and potential threats.
In addition to offering the contest, if no vulnerabilities are discovered, Buglab will offer 50% of the sum allocated to the exchange, ($ 10,000 in BGL tokens).
In total Buglab will create 425,000,000 BGL tokens, of which, 40% (170,000,000) will be allocated to the token distribution event.
Buglab Incentivizes Exchanges To Try Penetration Testing The Ethereum based startup Buglab is giving $2,000,000 worth of BGL tokens to crypto exchanges and cybersecurity researchers for participation in penetration testing contests.
An Ethereum blockchain-powered platform Buglab aims to strengthen information security by transforming the process of finding vulnerabilities into challenges — or “contests” — for certified cybersecurity testers.
Bitcoin Press Release: Buglab, a blockchain cybersecurity startup is offering cryptocurrency exchanges entry for its upcoming penetration testing contests. Buglab will be giving away $2,000,000 in BGL tokens to cybersecurity researchers participating in the contests.
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