TOXIC is a project that provides users with a platform for secure communication among themselves, thanks to the newly developed encryption system. Keyless encryption technology eliminates the human factor, the possibility of theft, bribery or voluntary intent to transfer the keys to others. An electronic wallet provided for users, developed with a new authentication based on KCG with GVEM, which allows you to easily and reliably interact with other electronic wallets and cryptocurrencies.
Business Model Overview TOXIC (TOX)
1. The validity of income
The project will receive revenue from the sale of telephone numbers for calls to users around the world, payment for making calls, and the sale of additionally developed software products. Access to additional software products will be paid in fiat currency EUR. The project team will also charge for the placement of advertising posts on the platform. The fee for placing advertising posts in private channels and groups is determined by their owners, who pay a commission fee of 10% and are paid in TOX tokens.
2. Number of currencies accepted
The project accepts such liquid currencies as: BTC, ETH, USD, EUR, BCH, LTC.
3. Token emission
The project has a limited number of tokens. During the ICO, 60 000 000 issued TOX tokens will be available (p. 24 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 100%.
In the provided technological map, the objectives of the project are indicated until December 2021. The distribution of funds collected during the ICO will be as follows: 46,6% - “Software Development”, 19,5% - “Marketing”, 2,5% - “Reserve”, 12,7% - “Operating expenses", 1,3% -"Listing on the stock exchange", 6,4% - "Business development of the project", 11% - "Project development and research".
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which negatively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 3 000 000 and $ 12 000 000, respectively (p. 7 White Paper).
7. MVP availability
Users will be provided with a mobile application developed for Android and iOS operating systems.
8. Risk assessment and insurance
There are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.