ParamountDax

PRESENTATION

In business, truly understanding who your customers are and what they need makes it SO much easier to express why your products or services are the best fit for them. This concept is especially true in digital advertising. If you don’t have your targeting laser-focused, you’re going to bleed money by advertising to people who just don’t care. It won’t matter how witty your ad copy is, how gorgeous your video is, how awesome your images are, or how perfect your landing page is. You need to get it right and by so doing you need the right fit in today’s competitive environment. When you are aware of what time your audience is most likely to read tweets and Facebook posts, you would design your social media marketing around that.

If you knew their problems and issues, you would give them solutions. This would make you an authority. Late last year I decided to buy clothing online, I surfed the net and checked on different known websites for a good choice of clothing. The aftermath was that when I opened my social pages I started seeing different Ads of clothing from different sites that I have not heard of displaying what I liked, exact clothing types that I was looking at when I browsed different clothing websites online.

Cryptocurrency markets are growing day by day. In early 2018, crypto markets pushed towards a one trillion US dollars market capitalization. New coins and tokens are added to the market every day and existing coins and tokens are traded with large volumes at every second.

In this situation, most exchanges which have poor and limited trading facilities will not be able to handle a large volume of trading and big varieties of new tokens and coins released in the future. Changing customer requirements is inevitable and new and existing traders will seek an exchange with new features and facilities.

ALL YOU NEEDS TO KNOW ABOUT THESE PROJECT

Now that I have your attention, let’s get right to it.

What exactly is ParamountDax?

As depicted above and as indicated on the official website of 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

The Solution Offered

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