Disclaimer - this is not financial advice. We always encourage you to do your own research. Please find a full disclaimer at the end of this Report.

Report Highlights

• Innovative Security Solution: Kerberus provides real-time scam detection and protection for web3 users.
• Experienced Team: The project is led by cybersecurity experts with over 15 years of experience.
• Monetization: The new business model is expected to generate $2M per year in revenue with 50,000 new users
• User-Friendly: The extension requires no prior web3 knowledge and works seamlessly in the background.
• Multi-Blockchain Support: Kerberus works on over 1000 different blockchains, enhancing its utility.
• Strong Advisory Board: The project is backed by advisors with significant industry experience, including members of Circle and ConsenSys.

Full Analysis

Project Focus

Kerberus is a Web3 security extension that automatically detects and blocks scam sites in real time.

Premise

The project was created by experts with over 15 years of experience in cybersecurity. The product has no barrier of entry and can easily be installed by a user with zero knowledge of web3, providing protection from the get-go. Most of the work is done in the background while users browse the web with alerts appearing only when an issue is detected.

Use Cases

Kerberus serves as a security layer for web3 users. It provides users with the following services:

• Real-Time scam detection
• Pre-interaction detection
• Seed phrase protection
• On-chain attacks prevention
• Emergency event alerts
• Social shield
• Works on over 1000 different blockchains (All EVM)
  

How it works

1. Wallet connection detected: Quick scan - Some issues found.
2. Transaction/Signature detected: Deep scan, can take more time, but all issues are detected.
3. If no issue is detected, the user can continue with the transaction. If malicious activity is detected, the transaction or signature is stopped and an alert is shown to the user.

Tokenomics

• TOKEN NAME**:** TRUST
• SYMBOL**:** $TRUST
• BLOCKCHAIN**:** Ethereum L2 (not decided yet)
• TGE INFORMATION: Q1 2025
• FDV: $15M
• CURRENT ROUND: Raising $1M - SAFE + Token Warrant
  

Distribution:

• Roughly 10% of the supply is dedicated for the current round
• The rest of the distribution will be determined further in the process

  
  

Total Supply:

• 1B total supply
• The vesting schedule is not defined yet
• Current plans are 12 months vesting with no cliff (not confirmed)
  

Demand | Use cases:

• Unlock premium security features
• Reward contributors that detect new scam sites
• Warranty for users
• Token buybacks

Team

* **Alex Katz - Founder and CEO** Global marketing director and chief operating officer with 10+ years of experience in digital marketing, growth hacking, and finance. [Linkedin](https://www.linkedin.com/in/thealexkatz/) | [Twitter](https://twitter.com/metrokatz)

• Danor Cohen - Founder and CTO Former Head of Offensive Security at Salesforce Inc. with 15+ years of experience as a professional hacker. Top 10 hacker at PayPal, Dropbox, and more Linkedin | Twitter
  

Advisors

• Sunil Sharma (Senior Director @ Circle, Ex-Head of Product @ Meta),
• Bernhard Mueller (Creator of Mythril @ ConsenSys)
• Joseph Chandler (Sr. Data Science Campaign Lead @ NVIDIA)

Marketing

Kerberus’s marketing strategy focuses on ensuring strong community engagement and visibility in the web3 space. The team frequently posts updates, educational content, and security tips, building a sense of community and trust. They actively engage with the community, quickly responding to questions and feedback, which helps build a loyal user base.

To onboard new users, Kerberus collaborates with other web3 projects and security firms to enhance its offerings and reach a wider audience. These strategic alliances not only broaden their reach but also add credibility to their project.

Key Elements:

• Frequent Updates: Regular posts and updates keep the community informed and engaged.
• Educational Content: By sharing security tips and informative articles, Kerberus educates its users and establishes itself as a thought leader in web3 security.
• Active Engagement: The team’s prompt responses to community feedback help maintain a strong and loyal user base.
• Strategic Collaborations: Partnerships with other web3 projects and security firms expand their reach and enhance their product offerings.

Pros

- Extremely reliable protection (99.9% detection rate) - FDV reduced from $20M to $15M ($13.5M for Lifetime License NFT holders - previous CitCap rounds valuation lowered accordingly) - New revenue model with projected revenue of $2M / year - User-friendly, works seamlessly - Very high client retention and positive reviews from users - The team has high and unique experience in security - Leverages AI technology efficiently - The product is better than competitors and does not collect data from users - Addition of 50,000 users

Researcher’s opinion

Kerberus presents a promising solution to one of the major challenges in the web3 space: security. Its user-friendly interface and real-time protection make it accessible even to those with no prior experience in web3.

The team’s extensive background in cybersecurity is a significant strength, and the support from experienced advisors adds further credibility.

However, the project’s small community and current user base are areas of concern. The planned improvements in marketing and scaling strategies will be crucial to its success. If these challenges can be addressed effectively, Kerberus has the potential to become a leading security solution in the web3 ecosystem.

Links and references

• Deck
• Whitepaper

Disclaimer

This Report is intended for discussion purposes only.

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