THE GRADECOIN
WHITEPAPER
Gradecoin is a revolutionary utility token designed to incentivize cybersecurity professionals, Black hat, White hat, Grey hat hackers, coders, users, and enthusiasts for their contributions in making the web3 ecosystem a safer place. This white paper outlines the vision, purpose, and mechanics of Gradecoin, focusing on its role in fostering a strong cybersecurity community and promoting a collaborative effort to eliminate phishing and other security issues in the blockchain space.
The blockchain and web3 technologies have presented immense potential
for innovation,
decentralization across various industries. However, as the adoption of these technologies grows, so
do the cybersecurity challenges. Security vulnerabilities, phishing attacks, and other threats have
the potential to undermine the integrity and trust in decentralized networks.
Grade Cyber Secuirty emerges as a solution to address these challenges by establishing a robust
community-driven innovation. We aim to bring together cybersecurity experts and enthusiasts to
collaboratively enhance the security landscape of web3, making it safer for all participants.
At the core of Grade cyber security we have a vision of unity and empowerment. It envisions a world where blockchain and web3 technologies thrive without fear of security threats. Grade Cyber community aspires to foster a united movement where professionals and enthusiasts work together driven by a shared passion for securing the web3 ecosystem.
Purpose
Gradecoin serves as the native utility token of the Grade Cyber secuirty ecosystem. It plays a pivotal role in incentivizing individuals to contribute their expertise, time, and effort to improve blockchain security. The token is intended to be used exclusively within the Grade Cyber secuirty ecosystem for various activities related to bug bounties and cybersecurity initiatives.
Tokenomics
• Token Name: Gradecoin (GRTC)
• Token Type: BEP-20
• Total Supply: 52,000,000 GRTC
The Gradecoin supply will be fixed to maintain scarcity and value. The token distribution will occur through a fair and transparent process, outlined below:
SUPPLY
73% bug bounty rewards
20% INVESTORS
4% mARKETING, GIVEAWAYS
3% TEAM
The primary mechanism to reward and encourage cybersecurity efforts will be through bug bounties. By identifying and reporting vulnerabilities, participants will receive Gradecoin based on the severity and significance of the discovered bugs. The distribution process will follow these steps:
Any member of the Gradecoin community can participate in bug hunting. When a participant identifies a potential vulnerability or security flaw within the web3 ecosystem, they must report it through the Gradecoin Telegram to an admin.
The reported bug will be evaluated by a team of cybersecurity experts within the Gradecoin community. The severity of the bug will be determined based on established criteria, such as its impact on security and potential exploitability.
The severity grading will influence the number of Gradecoins awarded to the participant. Higher severity bugs will receive more significant pay outs to reflect the critical nature of the discovered vulnerability.
Upon successful validation of the bug report, the participant will be rewarded with Gradecoins.
To encourage healthy competition and community engagement, Gradecoin will recognize and showcase the top contributors regularly. This recognition may include leaderboards, badges, and other acknowledgments within the Gradecoin platform.
Gradecoin is more than just a utility token; it aims to build a thriving community around the cause of web3 cybersecurity. The platform will host various engagement activities to foster knowledge sharing and skill development course.
Gradecoin's mission is to unite cybersecurity experts, hackers, coders, users, and enthusiasts to create a secure and resilient web3 ecosystem. By incentivizing bug bounties and rewarding contributions, Gradecoin seeks to strengthen the community's efforts in identifying and eliminating security issues. Together, we can build a safer web3 future and pave the way for widespread blockchain adoption. We invite all like-minded individuals to join our movement and be a part of this transformative journey.
