Privatix (PRIX) - First Internet Bandwidth Marketplace powered by P2P VPN Network on Blockchain
What is Privatix Network?
Decentralized and 100% autonomous P2P VPN Network on blockchain with the first Internet bandwidth marketplace powered by own crypto-economy
How it works?
Any user can sell his spare or idle Internet broadband to the Network and get paid for it instantly with crypto. The payments come from buyers, who purchase the bandwidth via third-party applications or directly.
Proof of concept products
Privatix will create and run several network-based products in order to demonstrate to entrepreneurs and developers how they can use the new platform in a number of innovative ways
Cross-platform VPN service powered by blockchain and based on DPI-free protocol
Decentralized VPN 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 and remain 100% anonymous.
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. Vice versa the difference will be paid to you.
The Privatix Network ecosystem will be based on crypto-economic principles. The only crypto-currency that will be used for buying or selling traffic in the network is PRIX
In order to achieve our goals as soon as possible we announce the crowdsale of PRIX tokens
PRIX Token distribution
100% - Total supply : 10,000,000
80% - Token Sale : 8,000,000
3% - Presale : 300,000
3% - Bounty, advisors and cost covering : 300,000
7% - Team and future employees: 700,000
7% - Founders (locked for 12 months): 700,000
Privatix will issue 10,000,000 PRIX without any additional tokens.
8,300,000 PRIX tokens (83%) will be sold to the
public. 8,000,000 PRIX will be sold during Token Sale and 300,000 PRIX
will be allocated to the Presale
Presale DETAILS (SUCCESSFULLY FINISHED)
For the Presale we will issue a special token PRIXY. 300,000 PRIXY will be offered on the presale at a 60% discount, i.e. for 1 ETH a buyer will get 160 PRIXY (100 + 60 as a bonus). The contributors will receive PRIXY in their Ethereum wallets immediately, but the tokens will remain non-transferable until the Token Sale.
The main purpose of PRIXY is to ensure the Presale contributors' rights for the main token - PRIX. Therefore they will not be allowed to transfer until the Token Sale.
When Token Sale starts, PRIXY will be automatically converted into PRIX at a one-to-one rate and the contributors will receive them in their Ethereum wallets. The maximum duration of Presale is two weeks. If hard cap of 1,875 ETH is reached earlier we will stop the sale. If not, unsold tokens will be burned.
Funds raised on the Presale will be used for the Token Sale promotion and marketing (90%), legal issues and compliance (5%), and administration and HR (5%).
Token Sale DETAILS
Bonus First 48 hours : 40% (1 PRIX = 1.4 PRIX)
Bonus Week 1 : 30% (1 PRIX = 1.3 PRIX)
Bonus Week 2 : 20% (1 PRIX = 1.2 PRIX)
Bonus Week 3 : 10% (1 PRIX = 1.1 PRIX)
Bonus Week 4 : 5% (1 PRIX = 1.05 PRIX)
8,000,000 PRIX will be offered during the Token Sale with 5% to 40% bonuses.
A special bonus of 40% will be offered during the first 48 hours of the crowdsale.
Then the bonuses will decrease every week. The maximum duration of Token Sale is four weeks.
If hard cap of 57,142 ETH is reached earlier we will stop the sale. If we reach soft cap of 3,350 ETH and the period is over, unsold tokens will be burned. If we don’t reach soft cap of 3,350 ETH we will refund payments to the Token Sale contributors.
Token Sale raised funds allocation
Minimum goal (soft cap) reached
Privatix Network core development (R&D) : 60%
Network-based products development : 10%
Marketing and promotion : 20%
Operational expenses : 5%
Legal and compliance : 5%
Maximum goal (hard cap) reached
Privatix Network core development (R&D) : 50%
Network-based products development : 30%
Marketing and promotion : 18%
Operational expenses : 1%
Legal and compliance : 1%
Our plan is to complete the Token Sale by the end of October 2017. Then we will have couple of months until the end of the year when we want to prepare the company for the next steps as quickly and efficiently as possible.
* First steps after Token Sale
Our plan is to complete the Token Sale by the end of October/ November 2017. Then we will
have several months until the end of the year in which we want to prepare the company for the
next steps as quickly and efficiently as possible.
- First month priorities
We have some top priority tasks that must be finalized in the first month after Token Sale. We
will report on these steps and our progress to the community:
- Distributing all bounty tokens to participants and suppliers
- New office spaces renting or expanding current ones in Ukraine, Israel, and Russia
- Transferring to third-party management, “canning / preserve”, or sale of existing projects
of the company
- Hiring administrative personnel
- Legal, HR and administrative issues
Some legal formalities, as well as financial business processes, will need to be adjusted and
facilitated during this period.
Also, the procedure for selecting and hiring new team members will be started. The procedure
for hiring talented people is not always easy and it can be time-consuming to source the best, but
with our experience and funding, we will be able to afford to hire the most skilled and motivated
people. We know exactly who we are looking for.
Q4 / 2017 - Q2 / 2018 : Privatix Network Core Development
The final quarter of 2017 and the first two quarters of 2018 will be used to develop a prototype
and Alpha version of the Privatix Network, as well as cross-platform software for Agents.
Deadline: The end of the second quarter of 2018
- Privatix Network - Alpha (SBN / SAPI / SPEED node)
The first release of the Privatix Network will include centralized elements and will be available
in open source to receive feedback from the community by the end of the second quarter of 2018.
- Privatix.Agent - cross-platform software for exit nodes owners
This product is one of the two most important foundations of the entire Privatix Network, since it
allows you to route traffic and sell internet bandwidth to the network.
The first versions for such popular platforms as Windows, Ubuntu, Android, MacOS, iOS will be
Q3 - Q4 / 2018 : Proof of Concept (PoC) products and Network
For two quarters, further development of the Privatix Network will be conducted taking into
account feedback from the community. At the end of that period, the Beta release of the network
will be made, which in essence will be a fully working version.
At the same time, on the basis of the Alpha version of the network, the development of products
based on the network will begin; these products will ensure there is adequate demand for
broadband. We hope to reduce development time through partnerships or the creation of
specialized individual teams and business units in the company.
Deadline : The fourth quarter of 2018
- Consumer VPN, based on DPI-free VPN protocol
In the development of standard VPN services we have no competitors. However, we are dealing
with VPN on blockchain with a completely different level of development. VPN applications
will be developed for all popular operating systems and platforms for maximum market
- Advanced Proxy / Socks selling API platform
A unique platform on which it is possible to use the API to buy multiple outgoing residential IP
addresses and their associated spare internet broadband. We expect that this product will allow
us to create a huge demand for traffic on the network and therefore we have made it one of our
- Privatix Network - Beta release
The second (Beta) release of the network will be a fully working Network but with some
centralized elements. These elements will be fully transferred to the blockchain with the final
release of the network in the next stage.
Q1 - Q2 / 2019 : Additional Proof of Concept (PoC) products and Network
At the beginning of 2019 our company will already have a fully working Network, so the work
that will be conducted in the first two quarters of 2019 will relate to its final release and the
transfer of all elements to the blockchain. Also in the first two quarters of 2019, two more
products will be created based on the Network.
Deadline for release : The second quarter of 2019
Note: This stage will be implemented if the maximum goal (hard cap) is reached.
- Privatix Network - Final release
The final release of the network means that from then on it becomes completely autonomous and
any developer can use it to create their own products.
- Privatix.FAAS (SDK)
A product that removes the need for developers to worry that their application will be blocked
from any source, whether by a local firewall at the ISP level or a global block at governmental
- Privatix.Monetize (SDK)
This product will allow developers to earn more on their applications and programs. By
installing our SDK, the developer will be able to monetize a portion of users’ spare bandwidth.
Q3 - Q4 / 2019 : Proof of Concept (PoC) products and Network
In the second half of 2019, having already a working and autonomous Privatix Network, we will
be able to develop additional products based on it, which will increase the number of participants
and, accordingly, the demand for the token itself.
Deadline for releases : end of 2019.
Note : This stage will be implemented if the maximum goal (hard cap) is reached.
- Privatix.BOX (Hardware)
A physical device that allows you to simultaneously become an Agent of a Privatix Network and
also use VPN functions as a Network Client. This device can also be used as a secure Wi-Fi
- Infrastructure for VPN providers
We plan to create a product in the form of a network-based service and essentially resell the
broadband to existing VPN providers. They will be able to use the traffic from the Privatix
Network instead of buying it from internet hosts, and thereby save costs without losing quality.
Q1 - Q4 / 2020 : Blockchain CDN on Privatix Network
CDN is the cherry on the cake, a product that is very complicated in technical implementation
but with huge market potential. Our company will in 2020 strive to create this product and push
it to market.
After the product is successfully launched and properly marketed, the capacity of the Privatix
Network, as well as the capitalization of the token, will increase tenfold.
Deadline for release : End of 2020
Note : This stage will be implemented if the maximum goal (hard cap) is reached.
The concept of a decentralized autonomous P2P VPN network on blockchain with its own crypto-economy which will serve the first bandwidth exchange marketplace