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).
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.