The Financial Market
The financial market has experienced several ups and downs, ranging from stock market expansion to online industry metamorphosis, major economic meltdown and what-have-you not. In some years back, the world was shocked with the breakdown of the world’s economy. Enthusiasts were quick to blame the breakdown on major banking institutions while market participants were just left to face their fates and strive again. This first major breakdown of the world’s currency was attributed not to carelessness of the major banking institutions but on the failure of the system to embrace the digital age in keeping financial records and lack of transparency of record cataloguing.
The Blockchain
Blockchain technology with its transparency is the only way forward for fair and fair trade in the world of finance. Blockchain allows you to decentralize the exchange of digital data between participants using the following registration functions that record all transactions. The process is fully transparent throughout the transaction and is fully traceable, irreversible and unchanged. The network guarantees the authenticity and authenticity of each transaction, and fraudulent activity is quickly leveled.
The blockchain technology also revolutionized the entire financial and online market; giving a fair, automated and transparent financial experience without the hurdles of the hitherto centralized institutions. By the way, a blockchain can serve as "an open, distributed ledger that can record transactions between two parties resourcefully and in a verifiable and permanent way.
The crypto market is becoming large as new tokens are added to the market every day. In early 2018, the market pushed towards over 750 billion US dollars market capitalization.
Compared to the market growing, there is no significant improvement in the crypto wallet and exchange process. But PARAMOUNT DAX is here with a revolutionary platform which is the future for the crypto space. They have developed from the scratch, a 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.
About ParamountDax
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 allows you to manage all your digital assets effortlessly in a trading exchange that offers you:
Seamless, secure and risk-free trading opportunity at minimal fee
Intuitive user interface
Instant liquidity
Multi-lingual and real-time customer support.
The team envisioning ParamountDax as one of the fastest exchange, payment transfer and peer-to-peer transactional networks in the world - from the current 10,000 transactions/ second ParamountDax supports, we're improving to 2,000,000 transactions/second by adding cloud hosting and load balancing of each blockchain node separately into the network.
The ParamountDax wallet is made to support swift management of your crypto trades. For that, we created a platform that includes:
Over-the-counter (OTC) trading: the first OTC crypto trading desk in Europe, ParamountDax enables seamless operation of large crypto assets without the need for an escrow or a lawyer. Institutional trading made easy
Dedicated trade indicator that tracks and assists you with any profit or loss real-time data you need.
46% Daily Profit Share
Stop limit options and stop loss orders that empowers you to take more efficient decisions
Custom API allows the platform to benefit from continuous improvement from third-party developer contributions.
Customizable dashboard
Strong referral benefits
SOLUTION PROVIDED
Security issues solved follows a two-way approach to ensure the security of both users and the exchange.
The steps are:
Ensuring user security
Ensuring exchange security
User security
Some of the protocols for user security are:
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.
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.
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.
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).
IP address validation on withdrawal
For every new withdrawal, a user needs to validate their IP address through the registered email.
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
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.
CSRF protection
Cross-Site Request Forgery (CSRF) protection for victims of fraud will be reported to the Administrator.
Avoid suspicious
Suspicious users will be prevented by the xss-clean method which also prevents the malicious file from uploading.
Authentication & detection
Authentication & Detection will be provided by ParamountDax to make the transaction fulfilled by the participators to the trade.
Prevent DDoS attacks
The DDoS attacks can be prevented using periodic penetration testing, Custom WAF rules, security notifications, etc.
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.
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.
Token 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
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)
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 Distribution
2% Bounty Bonus
10% Angel Investors
65% ICO Participants
23% Team
Funds Usage
22% Initial Development Cost
12% Liquidity Reserves
11% Team and Advisory Board
33% Marketing
22% Emergency Reserves
ROADMAP
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 visit the links i have provided below;
Website: https://www.paramountdax.io/
Whitepaper: https://www.paramountdax.io/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5137789.0
Telegram: https://t.me/ParamountDaxICO
Facebook: https://www.facebook.com/Paramountdax-2024636494500768/
Twitter: https://twitter.com/ParamountDax
Medium: https://medium.com/@paramountdax
Reddit: https://www.reddit.com/user/ParamountDax
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
