Led by Binance and Huobi Prime, the blockchain investment market has ushered in a new era in 2019. While the bubble of 2018 is yet vividly in sight, blockchain investments start to show a trend in rationality and a focus on social value.
As one of the superstar exchanges that emerged rapidly in 2018, Bgogo pioneered 21 supernodes listing authority, and had received investments and backing from entities such as Pantera Capital from the US, Hashed from South Korea, ICODrops.com from Russian, and Signum Capital from Singapore. Bgogo CEO Maximilian was the founder and head of the Facebook crypto syndicate. As a one-stop shop advisor for the Silicon Valley blockchain projects, he has a very experienced and extremely keen insight into the Mobile Internet and blockchain sectors. Among dozens of alternative projects, Bgogo has its own set of logic while choosing the ARM project as its first project to launch on Bgogo Apollo.
Similar to Huobi Prime, Bgogo Apollo selects quality projects worldwide, lists them through the premium token listing channel, adding "Price Limit" feature before the token trading is open to the public. Multiple entities from the project's community will join as initial token sellers, including but not limited to the project's early stage users and private investors etc., and participate in the project's "Price Limit" trading rounds for 24 hours. Users who hold the BGG platform token must pass the qualifying KYC qualification, and will be granted the allocation amount proportional to the total BGGHP held on the platform. The innovation lies in the addition of the project knowledge examination during whitelisting process. Only users who have scored more than 60 points in the exam can be eligible to participate during Apollo's "Price Limit" rounds.
Security is regarded as the Achilles' heel of any blockchain projects.
In the world of blockchains, value is controlled by private keys, and by nature, any part of the system could be closely related to security issues. Once the code is wrong, or a loophole is found by an adversary, the potential loss can be tremendous. From Mt. Gox to South Korea's Bithumb, numerous exchanges have been compromised by security issues one way or another; in 2018, security incidents in smart contracts such as BEC, EDU tokens have been sending deep warning signals to the entire market. It is no exaggeration to say that in the blockchain industry, the market capacity of security auditing can be regarded equivalent to that of the entire industry. Security auditing has a huge potential market, yet the technical entry bar is extremely demanding, as well as the high requirements to the team's experience, capabilities and meticulousness.
The engineering team from Armors security consists of senior security engineers from Google, Baidu, and 360. The team's founders have an average of more than 8 years of Internet security experience and more than 2 years of blockchain security experience. In terms of business capabilities, the co-founder of Armors has more than 10 years of experience in Internet security partnerships.
Mr. Wang Ryang, CEO of Armors, owns a Master's degree in Management at Seoul National University. As the founder of Xin Yue International Business Co. LTD. and an early Bitcoin investor, Mr. Wang Ryang has been committed to the ecological construction of the blockchain in Korea community and has an in-depth partnership with Bithumb and Upbit in terms of security services.
Within one year, Armors bagged in yet another security partnership with exchanges such as Huobi and OKEx. Armors auditing and monitoring systems have served more than 100 project and exchanges, including but not limited to big names such as Huobi, OKEx, Bgogo, Arcblock, Data, MyToken, BitKeep, HyperPay, BBX, UniBank, Bithumb, Upbit etc. Since 2018, Armors have recovered more than 8,000 BTC worth of digital asset losses for numerous blockchain projects.
ARM tokens are mainly used to build the blockchain security ecosystem. Ordinary users hold ARM and can enjoy the benefits of wallet monitoring and alarms; project owners, exchanges and DAPP builders can use ARM to pay for security services; developers and miners are able to acquire ARM by contributing their skills in coding monitor programs and computing power, respectively. The total amount of ARM is capped and no other tokens will ever be created. The Armors Smart Contract Runtime Engine provides developers with an open source library. In terms of system monitoring, Armors owns several international patented technologies.
On the community side, ARM have a strong community base in Korea and have locked in several pragmatic problem solving scenarios. Armors CEO Wang Ryang said: "Launching on Bgogo Exchange is only the first step of ARM. In the near future, ARM will come to Korean and other international exchanges, so that more organizations, developers and users can participate in the security ecosystem of ARM. "
Incubated by Roarkfund, one of the world's leading investment firms, ARM is widely accepted by global investment institutions. In 2018, ARM received investment from a number of investment institutions such as DKB Fund, Evolution Capital, Roark, Consensus Labs, and Spark Capital. With the private investor's consent, the initial token sales price on Bgogo platform will be only 80% of the institutional price. With a gesture of courtesy, ARM hopes to return to the community to share the spirit of mutual prosperity.
Blockchain security is bound to be an eternal topic, the cornerstone and shield for the development of the blockchain industry. In the future, ARM will always be committed to its ecological improvement and community governance, and play a leading role in the field of blockchain security.