An Interview With Pavel Shkliaev of LevelNet ICO

An Interview With Pavel Shkliaev of LevelNet ICO

Q: Hi Pavel , Tell us about yourself
A: Hi, my name is Pavel Shkliaev. Iamaleader. About me they say that I know how to infect with the idea and inspire people. So I did all my projects in this manner infected and inspired. I have created a company in Russia and was able to exit successfully. Today I have the experience of NOT a successful start-up in California, which had to be closed. It was the hardest way and the huge basis of knowledge that is not given in any university or collage. I have been engaged in the international technology business since 2008, during this period I conducted projects for private customers in the field of information security and projects related to the management of the development and investigation of vulnerabilities in operating systems. For 18 years of experience as an entrepreneur in various industrial sectors and in technology I managed to create perhaps the most effective team that shows high KPI.

Q: Tell us more about your team! Do they all have background of crypto?
A: Our team has been formed for 10 years, and some members of the team have known each other for more than 20 years and worked together since they were students. Joint experience of working on various projects has about 10 years in the current composition. In our team there are recognized industry leaders in the field of crypto, such as Andrey Zamovskiy and Oleksii Matiiasevych, who are at the root of the technology. The main development team specializes in vulnerability research and malware analysis. We have the best talent in low-level programming, cryptology and compiler design, system programming, software architecture, binary hacking, malware design and analysis. Our software engineers have worked in the past for such industry leaders as Kaspersky, FireEye, AMD, Intel security, McAfee, Checkpoint and others

Q: What inspired you to do an ICO?
A: An irresistible desire to create. I believe that blockchain is more than technology, this is a new opportunity created by a new generation of Y technocrats. While in LevelNet the basic technology is not blockchain for security reasons, blockchain technology itself inspires new business models and greatly simplifies the development of any technology for the Y generation.

Q: How did the idea of LevelNet come about? Is this something you were doing before?
A: The name LevelNet was born before the ICO, it is our project which was born in early 2016. The title has its own history and it is closely related to our team. For the first time we all met our team at the Level Hotel in the Caribbean islands, before this meeting, many members of the team never saw each other and worked remotely in different parts of the world. There are also several meanings that we put in the title. But that is another story.

Q: What is the cap for your ICO and how did you come to chose that number? What do you think of unlimited ICO’s? How much money is too much money to be raised in an ICO?
A: Our hard cap is $ 55M in a crypto currency equivalent, including all discounts and bonuses. And it is important to say that this amount is divided into several funds, which are aimed at maintaining liquidity. For example, part of the collected funds goes to the Buyback Fund, which can be up to 40% of all collected funds, depending on the number of tokens sold during the period token crowdsale. This fund is regulated and provided with a smart contract, the purpose of which is to regularly and automatically buy back tokens from crypto currency exchanges by creating a market order. The hard cap was chosen not accidentally. when it is reached, another development and implementation fund will be formed in the amount of 35% of the total amount of attraction, and this will allow to implement the development, implementation and marketing strategy for 2 years.

Unrestricted ICO in my opinion does not reflect the actual picture of the project, and I did not see projects that somehow could reasonably explain this fact. To date, we see the situation: Projects collected money from investors. Most investors need quick profits (with quick exit strategies) due to speculative deals with tokens. Tokens after listing on stock exchanges are falling in price, as there is no product, no news, no volatility. Investors are upset and lose faith in the project and ICO. The projects did not think about liquidity at the beginning of the creation of the ICO and did not answer the main question: Why the token will grow in value until the project develops.

For this reason, projects that do not think about money and the volume of release of tokens, I believe are not attractive and have no potential.

The maximum partial amount raised during the ICO, I think should be the amount based on the financial model and plan for the next 3 years, so there was no need to raise a new round of financing. In addition to this amount, it is necessary to add liquidity costs. In our project, we took into account all these factors and developed a financial model based on the development plan and headcount, marketing costs and so on.

Q: If you successfully crowdsell with your ICO, where will your company be based?
A: Now our operating company is in California. We are not going to change the place of basing. Our plans include the opening of development centers in Ukraine and Israel.

Q: To what level of scrutiny do you feel ICO’s should be held to?
A:Of course, regulation is needed, but at the same time, we should avoid bureaucracy. PersonallyI do not see anything good if each individual country regulates the ICO according to its rules. The very essence of blockchain technology is an important step towards globalization and unification. For this reason, it seems to me that international regulation is needed to ensure that political regimes and personal benefits do not influence the development of the whole industry. But I think that my thoughts are too utopian in the current world order =)

Q: Do you have a background in conducting due diligence on crowdfunded projects?
A: This experience was acquired during the sale of my company in Russia, as well as in preparation for the due diligence procedure in Tech Coast Angels with my previous startup. This experience is much deeper than what is required for projects raising funds through crowdfunding. Despite my personal experience, on our board there are world leaders (Estera and Appleby) in the field of international law and support for M & A transactions.

Q: In addition to cybersecurity, what do you feel must be understood when performing due diligence on cryptoprojects?
A: We need to pay attention to the quality of writing smart contracts so that they do not have vulnerabilities and the team has experience in writing smart contracts. Also to order an audit and examination from a third party. The second important aspect is conduction of penetrating testing on the resources of the company conducting ICO. Thirdly, it is necessary to identify all contractors who ismaking ICO and audit their IT infrastructure and communication channels between all departmentsin which a leak is possible.

Q: What is your “bird’s eye view” of the blockchain industry as a whole. From what you’ve seen, what aspects of token crowdsales could be improved?
A: At first glance, the technology resembles the situation described in the novel The Cryptographer from the author Tobias Hill, which was written long before the invention of bitcoin. Everyone says blockchain technology will be a revolution, but it’s not a matter of revolutionary technology, but of people.. People need a new idea, we need a new driver of technological growth, we need an economy for the young. Generation has become smarter and a new reality is needed. It seems to me that this is happening now, to my bird’s eye if the corporates do not devour the technocrats, the world will be on the bright side of the force =)

Maybe it was somewhere, but I did not see: Limited time of the token existence. I have some idea of business models with such a time limit.

Q: You’re clearly very passionate about the crypto space! Which projects are the most exciting to you?
A: In my opinionFileCoin. is an interesting project.

Q: What kind of blockchain projects would you like to see in the future?
A:Electronic government and voting systems.

Q: What current proof of concepts has LevelNet completed? What projects are in the pipeline?
A: We completed the testing and design of LevelNet technology and received an assessment from our corporate customers and an expert evaluation. We conducted a demand study and an analysis of market opportunities for the introduction of technology. Developed a strategy and identified the main sales markets. A further plan is to release a version suitable for scaling. Now we are focused on developing smart contracts for ICO and exploring the possibility of using a token as an internal accounting unit between corporate users and ordinary users. Where a corporate user can reward any home user for sharing information about threats.

Q: What’s in the future for LevelNet?
A: The system combines all cyber security resources to identify and prevent threats in real time mode. Consolidation of small players in local markets. Uniting in one place soft ware developers to create a global white list and provide the end user with up-to-date information about developers.

Q: Have you talked with any exchanges about their interested in enabling trading of your LevelNet tokens?
A: We are negotiating with 5 large exchanges. To date, arrangements have been reached with and LiveCoin ..

Great, thank you Pavel Shkliaev, I appreciate your time and I will be watching the crowd sale intently.

ICO name: LevelNet

ICO starts on:  15/11/2017

ICO ends on:  15/12/2017

Total # of coins: 70 000 000

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