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ICO Details

ICO Project ParamountDax (PRDX)

  • Tokensale Start:   18/05/2019

  • Tokensale Finish: 23/09/2019

Project Description

ParamountDax is a project that provides users with a multilingual trading platform with an intuitive interface and low trade fees. On the platform, there will be an indicator developed by the project team that monitors and allows to obtain accurate data on users' profits and losses online. The platform will be able to process 10,000 transactions per second, which will ensure fast trading operations.

Business Model Overview ParamountDax (PRDX)

1. The validity of income

The project has various revenue streams, such as: listing fees, exchange fees on the platform, withdrawal fees, and over-the-counter fees. Platform exchange fees are 0.12% for users creating orders and 0.25% for users receiving orders. Commission for over-the-counter trading is 0.5%. The listing fee will be charged when adding new tokens (p. 16 White Paper). The project team will pay token holders a daily profit based on 46% of the levied merchant fee.

2. Number of currencies accepted

The number of accepted currencies includes 4 liquid currencies: BTC, ETH, USD, EUR (p. 2 White Paper).

3. Token emission

In the project there is a limited number of tokens. A total of 100,000,000 PRDX tokens will be issued (p. 17 White Paper).

4. Discount on the purchase of tokens

The discount on the purchase of tokens is 32% (p. 17 White Paper).

5. Roadmap

In the flow chart provided, the project objectives are indicated until the end of 2021 (p. 19 White Paper). After the ICO, the developers will allocate funds as follows: 22% - “Initial development costs”, 33% - “Marketing”, 22% - “Emergency reserve”, 12% - “Liquidity reserve”, 11% - “ Team and Founders ”(p. 17 White Paper).

6. SOFT CAP / HARD CAP Ratio

The project has a bad SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values ​​of SOFT CAP and HARD CAP are $ 1,750,000 and $ 9,310,000, respectively (p. 2 White Paper).

7. MVP availability

The project has developed MVP, which is available at https://staging.paramountdax.com/.

8. Risk assessment and insurance

At the same time, however, there are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token-holders.


Criteria of accordance to the international standards of business-planning of UNIDO and EBRD
% Acceptable
Criteria Project evaluation
The validity of income 1 / 3
Number of currencies accepted 4 / 4
Token emission 1 / 1
Discount on the purchase of tokens 2 / 3
Roadmap 1 / 1
SOFT CAP / HARD CAP ratio 0 / 4
MVP availability 1 / 1
Risk assessment and insurance 0 / 1
Total (56%) 10 / 18

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