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October 16 2017

ICO Alert Report: Privatix

ICO Alert Report: Privatix

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What is Privatix?

VPN allows traffic to be encrypted and routed through different locations, and while centralized VPN is available, it has its disadvantages.
From section 7.2 in our whitepaper:
VPN means Virtual Private Network, a secure tunnel between two or more devices. VPN creates a secure tunnel between your computer and the Internet, allowing you to surf the web anonymously from wherever you want. VPN also hides your IP address and changes it to another one. Classic VPN providers use dedicated servers around the world and standard VPN protocols like Openvpn, pptp, l2tp, sstp , etc. VPN shields your privacy, helps to avoid Internet censorship and encrypts your transferred data. The problem of centralized VPN is DPI-based blockers (utilized in China) and data server’s IPs that detect when you use a VPN. VPNs based on the Privatix Network will allow you to surf between millions of exit nodes at the best available speed and use advanced modified VPN connections that are undetectable by DPIs. If you choose to be a peer in the network, you will be able to pay for it by sharing your traffic with other users. If you get more traffic than you give, you will have to pay the difference and vice versa, as the difference will be paid to you.
— Dmitriy Rubtsov, COO

Crowdsale Information
The crowdsale begins on October 19, 2017 at 14:00 UTC and ends on November 16, 2017 at 14:00 UTC. There is a minimum goal of 3,350 Ether and a maximum goal of 57,142 Ether. If the soft cap is not reached, contribution will be refunded to contributors. If the hard cap is reached, the crowdsale will end immediately.

The price per Privatix token (PRIX) is 0.01 Ether (1 Ether = 100 Privatix tokens). There is a bonus structure that is as follows:

First 48 hours: 40% (1 PRIX = 1.4 PRIX)
Week 1: 30% (1 PRIX = 1.3 PRIX)
Week 2: 20% (1 PRIX = 1.2 PRIX)
Week 3: 10% (1 PRIX = 1.1 PRIX)
Week 4: 5% (1 PRIX = 1.05 PRIX)

The smart contract can be found here.

Token Distribution Information
There are a total of 10,000,000 Privatix tokens being created, with 8,000,000 available during the crowdsale. Tokens will be distributed to contributors when the crowdsale is complete.

Allocation
80%: Crowdsale
7%: Team and future employees
7%: Founders (tokens locked for 12 months)
3%: Presale (complete)
3%: Bounty, advisors, and ICO expenses

Use of Crowdsale Proceeds
The following is a breakdown of the use of crowdsale proceeds based on whether or not the crowdsale reaches the soft cap or hard cap.

Team
Dima Rusakov, CEO and Co-founder
Linkedin
Dima is a serial entrepreneur and marketer with 10 years of experience in creating and managing Internet businesses. He has his bachelor’s degree in economics and management. For six years he was the Co-founder and CEO of 5vpn, which amassed 15,000 paying users. He has been the CEO and co-founder and of Privatix for two years and also spent two years as the co-founder of Temp-mail.

Nikita ​​Kuznetsov, CTO and Co-founder
Linkedin
Nikita is a software architect and senior full-stack developer. He has strong python skills and is a blockchain developer. He graduated from the computer science faculty of Bauman University.

Dmitriy Rubtsov​​, Со-counder, Chief of Operations and Business Development
Linkedin
Dmitriy is an IT entrepreneur and business developer. He has a degree in computer science and cybersecurity and has IT management experience with more than 10 Internet projects in the past 13 years.

Vitaly ​​Hnidenko, Head of Development
Github
Vitaly is a full-stack developer and team lead with more than 11 years of experience. He has been the lead developer for 5vpn, Privatix, and Temp-Mail.

Viacheslav​​ Yakushev, Head of Infrastructure
Linkedin
Viacheslav is a senior DevOps engineer. He is the system administrator, team lead, and backend architect for Privatix. He has held various system administrator positions since 2007.

Viktor ​​Lahman, Research and Development
Linkedin
Viktor is a full-stack developer and software engineer with more than five years of experience. He has a master’s degree in mathematics and computer science. He has held various developer positions since 2013.

For a full list of Privatix team members please check out the Privatix whitepaper or website.

Social Media
Facebook: http://facebook.com/privatix.ltd
Twitter: https://twitter.com/Privatix1
Slack: https://privatix.io/
Telegram: https://t.me/Privatix
WeChat: https://privatix.io/#
Bitcointalk: https://bitcointalk.org/index.php?topic=2254209
Reddit: https://www.reddit.com/user/privatix
Github: https://github.com/Privatix
Medium: https://medium.com/privatix
Steemit: https://steemit.com/@privatix
Golos: https://golos.io/@privatix
Youtube: https://www.youtube.com/channel/UC45KNwm-mmHADAR6jylrklg

View the Privatix Website here.

View the only comprehensive list of active and upcoming ICOs here.

References
(1) Privatix Website, Privatix, (2017)
https://privatix.io/

(2) Privatix Whitepaper, Privatix, (2017)
https://privatix.io/#whitepaper

Topics: Blockchain, Cryptocurrency, ICO, VPN, Internet