CybCSec (PRNewsfoto/CybCSec)

Norwegian-based CybCSec Solutions, which aims to provide personal blockchain cybersecurity features for businesses and individual users across the globe, has announced its new cryptocurrency CybCSec Coin [XCS]. The company has a long-term model designed to be implemented with pre-existing as well as new businesses. The model is designed to be implemented in three separate phases. The CybCSec team is comprised of developers from the cybersecurity sector. CybCSec Solutions plans to become the leading developer in the Crypto-verse, by creating and implementing innovative security for personal and business users.

The public sale will take place in an ICO-style format with several stages, and price increases at each stage, information about the ICO can be found on the official website for CybCSec Solutions. The ICO will be hosted directly by CybCSec Solutions via its dedicated website, with payment processing being handled by CoinPayments. CybCSec Solutions plans only to sell approx. 2.5% of the total supply in order to raise funds for Phase Two and Three development. The company will reserve the option to release further XCS to the market, should there need to raise more funds for future developments.

CybCSec Solutions’ CEO remarked: “We estimate by the middle of 2018 we should see an active user base of over half a million people and by the end of 2018/beginning of 2019 that should be over a million users.”

The CybCSec Whitepaper outlines the project’s feature releases in a series of phases. CybCSec Coin has been designed to have a long term, stable ecosystem and a growth model that is easily implemented with pre-existing businesses.

Phase one – the release of CybCSec coin has already started, and the cryptocurrency is undergoing its final series of testing. CybCSec coin wallets are currently available for Windows, Mac, Linux and Android devices. TOR enabled connections for secure messaging, and stealth addresses for anonymous receipt of payments have been already implemented and are working.

The platform has agreements in place with a global sales team network operating in over one hundred countries. The group includes more than ten thousand restaurants, cafes, shops and businesses, which will accept XCS DIRECTLY as a payment method for products and services. CybCSec Solutions expects to release a compiled database of retail outlets accepting XCS by the end of Q3 2017.

For phase two, CybCSec will witness the implementation of user-friendly Smart Contracts, allowing the “average user” to integrate XCS into pre-existing business models and newly created Smart Contracts. CybCSec Solutions will focus on integration with a range of shopping clubs and online merchants, working with their global sales team in order to build further support for the currency worldwide.

The third and final phase of feature releases will introduce Antivirus, Cyber Security, Intrusion Sensors, Secure File Transfers and additional security based innovations being developed by CybCSec Solutions.

CybCSec Solutions’ lead developer stated: “It is our vision to change the way cryptocurrency operates within any given ecosystem and to provide a much safer and productive experience for all cryptocurrency users worldwide. A secure and unique environment along with personal safety is a priority for a thriving ecosystem, and CybCSec Solutions aims to be a leader in this field. To further this, we believe cryptocurrency should be inclusive and available to everyone, and that is why, along with our agreements in place with the global sales team we also offer education to business and personal users looking to further understand this world-changing innovation that we have been given with cryptocurrency and it is our intention to make cryptocurrency more accessible and accepted worldwide.”