Buglab Coin

Buglab will offer a unique, competitive, incentivized, and easy-to-use platform to address this widespread and growing business need. Buglab will assistcompanies, whether in IT, financial services, or in retail, to identify and mitigate cybersecurity gaps they may not (but should) know about. The solution makes cybersecurity services accessible to even the very smallest enterprises that typically lack both the resources and budget to tackle cybersecurity vulnerabilities using traditional means. The Buglab platform detects and remedies vulnerabilities on various business applications, websites, mobile applications, Internet of Things (IoT) devices , and smart contracts by transforming penetration test services into challenges, referred to as contests,for a community of independent information security consultants with certified qualifications.

Who is Buglab For

SMEs

Small and medium businesses, from all over the world looking for a more attainable and effective way of protecting their digital assets.

CERTs & CSIRTs

Computer Security Incident Response Teams, will be able to partner with buglab on building a sustainable vulnerability prevention system to help companies.

Pentesters & Whitehats

Buglab’s platform is built for global network of expert security researchers looking for a trusted way to help businesses worldwide and be compensated.

Problems of Traditional Penetration Testing and Bug Bounties

Cost Inefficiency

Whether it’s the billable hours model in pentesting, or the pay-per-vulnerability structure of bounties, companies do not get the most of out of their spending.

Lack of Resources

Cybersecurity firms typically assign just a few pentesters to each assignment, which limits the skillsets being leveraged.

Irrelevancy in Reporting

During bug bounties, researchers uncover large amounts of vulnerabilities without in-depth analysis, adding little value to the clients.

Buglab Token (BGL uglab Token

The Buglab Token (BGL) is being introduced to incentivize penetration testing in the blockchain environment. In the context of the Buglab experience, token exchange occurs in the following scenarios:

To reward contest winners— up to the top three in rankings, or as customized by the client.

To cover the cost of a contest, including transaction costs.

To enable and tokenize “tipping” functionality for white hats.

To fund both the VPR and BTR.

To reward CERTs and CSIRTs for triaging of vulnerabilities and help build new partnerships.

Tokens can be transferred between two parties over the Internet according to the rules set within the contract that holds the token. During the TDE, tokens

are pre-sold at a discount to users who see value in the platform and anticipate they will use the tokens to access the platform when it is ready and available for public use. The BGL Token is based on the ERC20 standard for blockchain tokens. As illustrated in the following figure, the token will be required for all transactions made within the ecosystem, including ordering a contest.

Contest

Activate Contests

Clients set up contest to fit their pentesting needs and allocate tokens as rewards.

Secure Compensation

Pentesters are ranked based on cumulative scores and compensated in a way that secures private information.

Vigilante Protocol

With this, buglab provides an avenue for whitehats to share their own vulnerability discoveries. We then work with CERTs all over the world to verify those discoveries and notify companies at risk

Sustain Operation

Some tokens taken from eachcontest will be forwarded to support CSIRT and CERT operations globally.

Reward Whitehats

Companies are invited to reward whitehats via BGLs via smart contract.

A token on the Ethereum blockchain is a digital asset that is held inside a token contract, in trust for a wallet address.

The buglab token, identified as BGL, is based on the ERC20 standard for blockchain tokens.

BGL tokens are required for all transactions in the buglab ecosystem, from ordering a contest to rewarding pentesters and whitehats.

Token Allocation

This diagram depicts plans for the token distribution. These values highlight the various functions the token will serve. They include the sale itself, the buglab Vigilante Protocol Reserve (VPR), which is funded in a continuous manner by systematically acquiring ten percent of contests, and product development.

Accepted Cryptocurrency

Contributions for the BGL Token Distribution Event are accepted in the following cryptocurrency.

Management Team

Reda Cherqaoui

Founder, CEO

Having started at the young age of 16, Reda is a veteran in the field of cybersecurity. Companies that he has helped ranges from banks to electronics manufacturers.

Alexander Belokon

Backend developer

Alexander is a developer with broad experience ranging from banking to pharmaceuticals. Living

and breathing code for more than 15 years, he enjoys building highly performant and resilient backends.

Youness Aamiri

Blockchain Developer

In addition to speaking Arabic, French and English, Youness is also fluent in the script languages of

HTML, CSS and PHP. Nowadays, he is focused on building a blockchain ecosystem to reshape

pentesting.

Azdine Bouhou

Software Architect

Azdine is a seasoned software designer with experience in the field of insurance, legal and notary. Fascinated by the potential of blockchain technologies, he is now helping Buglab build its own platform.

Konstantin Bditskikh

Frontend Developer

Konstantin is a seasoned frontend developer familiar with all the latest technologies and best practices. His drive and perfectionism ensure that our platform has the best possible interface.

Amine Bioudi

Full Stack Developer With years of UI design experience, Amine is passionate about building a basis to enable the best possible user-product interaction.

Dalal Cherqaoui

Marketing and Communications Manager

Dalal is a marketing veteran with over 11 years in global marketing groups such as TBWA and Ogilvy. She is a creative storyteller that finds new ways to engage with key stakeholders.

Herve Schauer

Advisor

With over 28 years of experience, Herve is considered a pioneer for France’s IT security industry. He currently heads HSC, a firm that he created, which was acquired by Deloitte France in 2014.

Alexander Reay

Advisor

Board director at the IDACB (International Decentralized Association of Cryptocurrency and Blockchain), President and founder of the Nordic IT Association, a 2x Nominated Deloitte entrepreneur of the year.

More Information Contact :

Website : https://buglab.io/

Whitepaper : https://buglab.io/assets/docs/Buglab_WhitePaper.pdf

Twitter : https://twitter.com/joinbuglab

Telegram : https://t.me/buglab

Facebook : https://www.facebook.com/buglab.co

Reddit : https://www.reddit.com/r/buglabProject/

Author : Upik05

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