What would you say of a cryptocurrency that could save lives? Our platform CycloShield, presented on Kickstarter last summer, is an advanced safety system for cyclists. CycloShieldCoin, one of our latest breakthroughs, will let us reward cyclists every time they share information about the state of the roads, blackspots, and safe routes.
CycloShieldCoin (CYS) is a cryptocurrency accompanied by a real world gadget (CycloShield Nano), an app and a potentially huge customer base. This coin is our take on the growing market of cyclists by providing them with a means of payment, reward system and bringing the concept of cryptocurrency to a more general audience of users.Read More
CycloShield Nano is the evolved version of CycloShield which debuted on Kickstarter (check out our video promo), the former version did not meet its hefty funding goal; however, we listened to the community and are ready to present a superior product. The new version is smaller, lighter and cheaper. We have added new features such as a panoramic video recorder.
CycloShield Nano is used in conjunction with our oﬃcial App (Currently in beta, where will integrate CYS).
Cyclists, regardless of being professional sportspeople or commuters, spend a high deal of time on the road. By minting CYS we will bolster healthy activity and information exchange across cyclists, rewarding their eﬀorts with CYSs and oﬀering value to advertisers which could cater to our user-base at a discounted price when they pay for ads with CYS.Read More
The ICO will take place on the date to be announced on our web site. It will be carried out by an intermediary that will hold funds in escrow, this way we will be only allowed to obtain the funds if the ICO reaches the minimum of 2000ETH.
This is the bare minimum necessary to fund this new version of CycloShield Nano and to implement the use of the token as explained, there will be a hard cap of 10000ETH.
The ICO will last until reaching this hard cap or exhausting the time limit, whatever happens ﬁrst. If the minimum goal is not reached on completion on the ICO period, collected funds will be returned to ICO participants bar the cost of the transactions themselves (gas and/or fees).
The crowdsale will be carried out by a trusted platform yet to be announced.
If the minimum goal is not reached upon completion of the ICO period, collected funds will be returned to ICO participants bar the cost of the transactions themselves (gas and/or fees)
Out of the totality of collected funds, CycloShield LTD will use them in the following fashion, naturally there could be changes during the course of the project as the business world is a dynamic environment and we would have to make new strategic decisions.
The distribution will be the same irrespective of what amount is collected on the ICO, always subject to having met the minimum of 2000ETH.
1x10^9 tokens (1 billion) will be created on completing the ICO. These will be distributed as the graph.
The Reward Pool will play an important part in our vision, being used partly for marketing purposes such as rewarding users for their actions.
The tokens in our possession will be safely stored in a multi-sig wallet and with the majority of them in cold storage, keeping them safe from theft that could cause panic selloﬀs or a hacker getting hold of them and dumping the market at once.
We also commit to not sell them in any harmful way to its market value.
Investors in this token will also ﬁnd that there is a commercial incentive for partners and advertisers in buying CYS. Advertisement is a huge market, targeting the right customers is not only hard, it is expensive. By providing a platform used by cyclists, companies will find it easy to tap into this customer base. However, there is more. They will obtain a better value for money when they pay in CYS to place ads on our app and website.
We believe this will be enough incentive for buying CYS, we will also provide them with guidance of where and how to buy them on our own Online Token Store or recommended exchanges.
Part of our business model is selling Ads on our App. Advertisers will want to reach our high purchasing power audience and we offer then an attractive platform for which they'll have to pay using CYS.
However, Cryptocurrencies are not always easy to use for the less tech-savvy or they have to go through many hoops to acquire them. We acknowledge this fact and have devised a way to reduce friction and bring more Corporate users on board: a Online Token Store to our CYS token.
Any Advertiser will be able to buy our tokens paying with a credit card and get them loaded into their account. With instructions easy to follow, they will get a Web3 wallet, such as MetaMask, up and running in a matter of minutes.
Additional measures such as token burning will help the market sustain the price and have enough liquidity for a healthy economy. Our strategy of burning part of the tokens we receive will gradually reduce the token supply and might cause the token to increase in value due to an ever decreasing token supply.
Sources of income in token for us, from which a percentage of token burning will occur, are:
First and foremost, the end users, who are the core of our business, will use CYS as a payment system. Our platform both oﬀers data collection that can be rewarded with our token and in-app buys such as premium routes, road information, accident blackspots, etc. The system collects real time information about roads with the worst behaved drivers (those that violate the safety perimeter of the cyclists) and every accident detected by our system. By having this information, our users can decide to avoid particularly dangerous roads. The CycloShield Nano itself could also be bought on our store paying in CYS, this gives users the chance of buying them with the work they do for the community by creating valuable content. So to recap this section:
Check how far we are into our project roadmap and what exciting stages we have ahead.
For simplicity, we haven't added olders goals already smashed such as the previous versions of the device and the app.
Our Whitepaper and token model have been peer-reviewed by a few experts and their recommendations validated and implemented.
The 2 most important things next are the Pre-Sale and the ICO
Dates are approaching fast and we are working hard.
Once we make it through the crowdsale raising enough funds, what you see depicted is what we intend to accomplish over the next year
Join our Telegram, visit our Slack and Subreddit for the daily updates, Follow us.
Read our whitepaper to know in depth how CycloShieldCoin and CycloShield can help cyclists to improve their experience on the road.
CycloShield is a electronic system for passive safety, which helps commuters and sports people to have a safer experience on the road. Equipped with a set of sensors that allows detection of accidents and falls, CycloShield is able to detect the approach or threat of another vehicle and perform actions about it.
Check our video promo that we made for Kickstarter.
In the event of an accident it can contact your “In Case of Emergency” person and the local emergency service with your GPS location. In an emergency, there is no time to lose. If you find yourself involved in a collision and are unable to make a call, CycloShield reacts by immediately notifying emergency services's and sending your location. Those valuable seconds can save your life.
This emergency call system vastly reduces the emergency services response time, enabling an almost immediate response to incidents on the road. CycloShield can capture infractions by filming offenders and store it for analysis purposes. With its camera, CycloShield can record offenders, it has great image quality, nice stabilization, and you can download the video of any incident via Wi-Fi, Bluetooth or onto your computer later. Don’t worry, you got them!
CycloShield collects data and learns using machine learning, notifying you of dangerous roads and can make suggestions regarding safer times and roads to cycle, is also focused on monitoring your sport activity, recording training sessions and improvements of your performance. You can view the data on your phone or download to your computer via the integrated Bluetooth and Wi-Fi. Everything you need in order to use your smart phone to check your progress and use the data in any way you wish. Keeps track of your time, location, distance, elevation, and speed. It is a Swiss army knife of an app and is highly recommended to those who bike and more.
CycloShield is compatible with the majority of activity monitors and mobile applications on the market. The device uses a simple interface and is capable of exporting data in industry standard formats allowing users to read the data and even develop their own apps.
We want to create a community of users who have all the tools they need within reach, without limits. And to do so, we need your help.