Review 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.

Features

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 problemsSecurity 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 securityensuring exchange security

User security

Some of the protocols for user security are:1. Two-factor authenticationIn 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 assessmentIn 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 emailA 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 emailA 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 withdrawalFor every new withdrawal, a user needs to validate their IP address through the registered email.6. Email notificationsFor every login, successful or not, a user is notified via email. Similarly, a withdrawal is also notified via registered email.

Exchange security

1. Secured protocolParamountDax 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 protectionCross-Site Request Forgery (CSRF) protection for victims of fraud will be reported to the Administrator.3. Avoid suspiciousSuspicious users will be prevented by the xss-clean method which also prevents the malicious file from uploading.4. Authentication & detectionAuthentication & Detection will be provided by ParamountDax to make the transaction fulfilled by the participators to the trade.5. Prevent DDoS attacksThe DDoS attacks can be prevented using periodic penetration testing, Custom WAF rules, security notifications, etc.6. Secure web servicesParamountDax 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 auditsIn 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 offeredIn 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.

ICO Details

DetailsPre-sale token supply: 25,000,000 PRDXToken supply: 40,000,000 PRDXTotal tokens for sale: 75,000,000 PRDXSoft cap: 1,750,000 USDHard cap: 9,310,000 USDLegalBlockchain Platform: EthereumCountry limitations: USARegistration country: United KingdomRegistration year: 2017Office address: Paramount Blockchain Ltd :Unit 3 Merchant, Evegate Business Park, Ashford, Kent, England, TN25 6SXCompany number 11357138Token infoTicker: PRDXType: Utility-tokenToken standard: ERC20Token price in USD: 1 PRDX = 0.15 USDAccepted currencies: BTC, ETH, USDT, B2BX, DASH, LTC, NEO, XRP, PAX,BNB (EUR / USD)Token distribution:2% – Bounty Bonus10% – Angel Investors65% – ICO Participants23% – TeamFunds allocation:22% – Initial Development Cost12% – Liquidity Reserves11% – Team and Advisory Board33% – Marketing22% – Emergency Reserves

ParamountDax (PRDX) ICO Roadmap

Q3-Q4 2017Idea conceptualization and research.Team hiringQ1-Q3 2018Team expansion.Wallet development startedQ3-Q2 2018Platform Development startedQ3-Q4 2018PRDX campaign initialize.Website launch.Smart contract and token creationQ1-Q2 2019Pre ICO Sale.Community development started.Whitepaper release V.1.6Main ICO sale.Participation in major crypto and blockchain events and conferenceQ3 2019Token releaseParamountDax exchange releaseQ3-Q4 2019iOS app development startedAndroid app development startedTFC (trading from chart / advanced) releaseHiring product designers and community managersWallet releaseRelease of multi token supported Smart PRDX walletQ4 2019Mobile version release IOS/AndroidQ1-Q2 2020Merchant agreementsOTC section releaseQ3-Q4 2021Dedicated blockchain releaseDecentralized exchange release

Project team

Roberto AL Hunaiti: CEOFabio Doria: CTO/UX DesignerVijay Sharma: Marketing ManagerAndrey Romanov: Community ManagerMassimiliano Zanotelli: Maintenance DirectorCosmin Harangus: Technical AdvisorDarius Cupsa: FullStack DeveloperAdvisorsCosmin HarangusTechnical Advisor

Ann Thread | Website | Twitter | Facebook | Telegram | Medium | RedditUsername: Kevinryan

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