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 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.
ICO Details
Details
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
ParamountDax (PRDX) ICO Roadmap
Q3-Q4 2017
Idea conceptualization and research.
Team hiring
Q1-Q3 2018
Team expansion.
Wallet development started
Q3-Q2 2018
Platform Development started
Q3-Q4 2018
PRDX campaign initialize.
Website launch.
Smart contract and token creation
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
Q3 2019
Token release
ParamountDax exchange release
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
Q4 2019
Mobile version release IOS/Android
Q1-Q2 2020
Merchant agreements
OTC section release
Q3-Q4 2021
Dedicated blockchain release
Decentralized exchange release
Project team
Roberto AL Hunaiti: CEO
Fabio Doria: CTO/UX Designer
Vijay Sharma: Marketing Manager
Andrey Romanov: Community Manager
Massimiliano Zanotelli: Maintenance Director
Cosmin Harangus: Technical Advisor
Darius Cupsa: FullStack Developer
Advisors
Cosmin Harangus
Technical Advisor
For more information please follow the links below:
Website | https://www.paramountdax.io/
Ann Thread | https://bitcointalk.org/index.php?topic=5137789.0
Twitter | https://twitter.com/ParamountDax
Facebook | https://www.facebook.com/Paramountdax-2024636494500768/
Telegram | https://t.me/ParamountDaxICO
Medium | https://medium.com/@paramountdax
Reddit | https://www.reddit.com/user/ParamountDax
Author: sademolar
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2279550
My Ethereum Address: 0xB00B339F3Da6b471A253Bf4f94000b1e769D86B8
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