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ParamountDax (PRDX)

ICO

ParamountDax aims to provide a sophisticated trading platform that really caters to the needs of the crypto community by offering intuitive user interface, instant liquidity, multilingual and real-time customer support and by enabling seamless, secure and risk- free trading opportunity at minimal fee.

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Overview

Project industryExchanges & Wallets
Product typeService
FoundedUnited Kingdom

What is ParamountDax

ParamountDax is a Fully - Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. It aims to revolutionize cryptocurrency trading by serving as an ideal platform for crypto-to-crypto and crypto-to-fiat trading while also solving the issues faced by today’s crypto industry. ParamountDax aims to provide a sophisticated trading platform that really caters to the needs of the crypto community by offering intuitive user interface, instant liquidity, multilingual and real-time customer support and by enabling seamless, secure and riskfree trading opportunity at minimal fee.

ParamountDax solutions to the problems

Security issues solved We follow a two-way approach to ensure the security of both users and the exchange.

The steps we have taken in this regard are:

  • ensuring user security
  • ensuring exchange security
  • User security

    Some of the protocols for user security are:

    1. Two-factor authentication

    In order to log in to the ParamountDax website, a user won’t be allowed simply through a ‘login + password’ access type. ParamountDax will enforce a secure 2FA protection for the client. By default, weak 2FA like OTP/Google Authenticator / SMS won’t be authorized or will be only temporarily tolerated, since these methods are vulnerable to phishing attacks. This way, similar attacks to the one on Ether Delta will be avoided.

    2. Password strength assessment

    In order to ensure the password remains as strong and difficult to guess as possible, users are allowed to generate passwords that exceed the minimum of 8 characters. Moreover, passwords have to be a combination of case sensitive letters, numbers, and special symbols.

    3. Account creation email

    A user needs to verify their account via the email that he/she has signed up with. This ensures that in the future, a user will be able to recover their account if they have forgotten their login ID or password.

    4. IP address verification through email

    A user logging in to their account is allowed to access their account only when they are logging in from a verified IP address. For a new IP address, the user needs to confirm via a confirmation link emailed to their verified email (the one the user account has been created with).

    5. IP address validation on withdrawal

    For every new withdrawal, a user needs to validate their IP address through the registered email.

    6. Email notifications

    For every login, successful or not, a user is notified via email. Similarly, a withdrawal is also notified via registered email.

    Exchange security

    1. Secured protocol

    ParamountDax has implemented security protocols such as: Secure Header on HTTP Request / Response such as: X-Frame-Options, X-XSSProtection, HTTP Only, Set Secure flag.

    2. CSRF protection

    Cross-Site Request Forgery (CSRF) protection for victims of fraud will be reported to the Administrator.

    3. Avoid suspicious

    Suspicious users will be prevented by the xss-clean method which also prevents the malicious file from uploading.

    4. Authentication & detection

    Authentication & Detection will be provided by ParamountDax to make the transaction fulfilled by the participators to the trade.

    5. Prevent DDoS attacks

    The DDoS attacks can be prevented using periodic penetration testing, Custom WAF rules, security notifications, etc.

    6. Secure web services

    ParamountDax will offer a highly available and customized DDoS shielded hosting solution with network and application-level firewalls. ParamountDax will use secure HTTP headers like HSTS to enforce TLS encryption, and keep the passwords salted and hashed.

    7. Security audits

    In order to ensure maximum security of the exchange, ParamountDax will conduct a periodic security audit so that vulnerabilities are avoided. For trader’s patience, we will sign a regular contract with some External Audit Agency. The name of Company Audit will be communicated soon through official ParamountDax social media channels.

    Liquidity offered

    In order to solve the liquidity issue and allow users to instantly trade their digital assets, ParamountDax will be adding its order book to a collective pool server—an order book shared among various crypto exchanges. This way, even if there isn’t enough liquidity on the exchange, it will get available through the collective pool. This enables users to quickly transact their trades.

    Details

    Pre-sales: May 18, 2019 - Jun 24, 2019
    Public sales: Jun 23, 2019 - Aug 19, 2019
    Pre-sale token supply: 25,000,000 PRDX
    Token supply: 40,000,000 PRDX
    Total tokens for sale: 75,000,000 PRDX
    Soft cap: 1,750,000 USD
    Hard cap: 9,310,000 USD

    Legal

    Blockchain Platform: Ethereum
    Country limitations: USA
    Registration country: United Kingdom
    Registration year: 2017
    Office address: Paramount Blockchain Ltd :
    Unit 3 Merchant, Evegate Business Park, Ashford, Kent, England, TN25 6SX
    Company number 11357138

    Token info

    Ticker: PRDX
    Type: Utility-token
    Token standard: ERC20
    Token price in USD: 1 PRDX = 0.15 USD
    Accepted currencies: BTC, ETH, USDT, B2BX, DASH, LTC, NEO, XRP, PAX,BNB (EUR / USD)
    Token distribution:
    2% - Bounty Bonus
    10% - Angel Investors
    65% - ICO Participants
    23% - Team
    Funds allocation:
    22% - Initial Development Cost
    12% - Liquidity Reserves
    11% - Team and Advisory Board
    33% - Marketing
    22% - Emergency Reserves

    Offices on the map

    ParamountDax Roadmap

    1
    Q3-Q4 2017

  • Idea conceptualization and research.
  • Team hiring
  • 2
    Q1-Q3 2018

  • Team expansion.
  • Wallet development started
  • 3
    Q3-Q2 2018

  • Platform Development started
  • 4
    Q3-Q4 2018

  • PRDX campaign initialize.
  • Website launch.
  • Smart contract and token creation
  • 5
    Q1-Q2 2019

  • Pre ICO Sale.
  • Community development started.
  • Whitepaper release V.1.6
  • Main ICO sale.
  • Participation in major crypto and blockchain events and conference
  • 6
    Q3 2019

  • Token release
  • ParamountDax exchange release
  • 7
    Q3-Q4 2019

  • iOS app development started
  • Android app development started
  • TFC (trading from chart / advanced) release
  • Hiring product designers and community managers
  • Wallet release
  • Release of multi token supported Smart PRDX wallet
  • 8
    Q4 2019

  • Mobile version release IOS/Android
  • 9
    Q1-Q2 2020

  • Merchant agreements
  • OTC section release
  • 10
    Q3-Q4 2021

  • Dedicated blockchain release
  • Decentralized exchange release
  • Project team

    Roberto AL Hunaiti
    Roberto AL Hunaiti
    CEO
    Roberto AL Hunaiti linkedin
    Fabio Doria
    Fabio Doria
    CTO/UX Designer
    Fabio Doria linkedin
    Vijay Sharma
    Vijay Sharma
    Marketing Manager
    Vijay Sharma linkedin
    Andrey Romanov
    Andrey Romanov
    Community Manager
    Andrey Romanov linkedin
    Massimiliano Zanotelli
    Massimiliano Zanotelli
    Maintenance Director
    Massimiliano Zanotelli linkedin
    Cosmin Harangus
    Cosmin Harangus
    Technical Advisor
    Cosmin Harangus linkedin
    Darius Cupsa
    Darius Cupsa
    FullStack Developer
    Darius Cupsa linkedin

    Advisors

    Cosmin Harangus
    Cosmin Harangus
    Technical Advisor
    Cosmin Harangus linkedin

    Social media

    ParamountDax web-siteParamountDax RedditParamountDax MediumParamountDaxYouTubeParamountDax TelegramParamountDax InstagramParamountDax BTCTalkParamountDax LinkedInParamountDax TwitterParamountDax Facebook

    User rating:

    5/5 ( 1 )
    0

    ParamountDax rating

    8.9
    Claim admin rights for this project
    ICObench4.2 / 5ParamountDax (PRDX) icobench
    ICOholderNAParamountDax (PRDX) icoholder
    ICObench8.4 / 10ParamountDax (PRDX) icomarks
    ParamountDax NEWS

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