Introduction
Since the invention of blockchain technology, developers have created thousands of cryptocurrency that focus on various economic sectors such as energy, agriculture, banking, shipping and many others.
Cryptocurrency exchange is an online platform where you can exchange one cryptocurrency with another cryptocurrency or sometimes with Fiat currency.
The cost of trading on traditional crypto exchanges is very high. With every trade you make, a certain percentage of your order activity is deducted as an exchange commission for trading even if you experience a loss.
The new Exchange that is currently being developed with the latest features that will make trading easier is Paramount Dax.
About Paramount Dax
Paramount Dax is a trading market that is different from other exchanges and not just ordinary crypto exchanges. Paramount Dax will provide maximum income when trading.
ParamountDax aims to revolutionize cryptocurrency trading by serving as an ideal platform for crypto-to-crypto and crypto-to-fiat trading while also solving problems faced by the crypto industry today.
As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this case, we are creating a decent, safe and secure decentralized hub for your crypto assets.
Feature
ParamountDax allows you to easily manage all your digital assets in a trade exchange that offers you:
• smooth, safe and risk-free trading opportunities with minimal costs
• intuitive user interface
• instant liquidity
• multi-language and real-time customer support.
we created a platform that included:
• Free trade (OTC): Europe's first OTC crypto trading desk, ParamountDax allows operations without defects of large crypto assets without the need for an escrow or lawyer.
• Institutional trading is easy.
• Special trade indicators that track and help you with the real-time profit and loss data you need.
• 46% Daily Profit.
• Stop the boundary options and stop the sequence of losses that empower you to make more efficient decisions.
• Custom APIs allow the platform to benefit from continuous improvements from third-party developer contributions.
• Adjustable dashboard.
• Benefits of strong references
Solution to solve the problem
Security issues are resolved We follow a two-way approach to ensure user security and exchange.
The steps we take in this regard are:
ensure user safety
ensure exchange security
User safety
Some protocols for user security are:
1. Two-factor authentication
To enter the ParamountDax website, users will not be allowed only through the 'login + password' access type. ParamountDax will enforce safe 2FA protection for clients. By default, weak 2FAs such as OTP / Google Authenticator / SMS will not be allowed or will only be tolerated temporarily, because this method is vulnerable to phishing attacks. In this way, attacks similar to those in Delta Delta will be avoided.
2. Password strength assessment
To ensure passwords remain strong and difficult to guess, users are allowed to create passwords that exceed a minimum of 8 characters. In addition, passwords must be a combination of uppercase and lowercase letters, numbers, and special symbols.
3. Email account creation
A user needs to verify their account via the email he has registered. This ensures that in the future, users will be able to recover their accounts if they forget their login ID or password.
4. Verify the IP address via email
A user who is logged into their account is allowed to access their account only when they log in from a verified IP address. For new IP addresses, users need to confirm via a confirmation link emailed to their verified email (created with the user's account).
5. IP address validation at the time of withdrawal
For each new withdrawal, users need to validate their IP address via registered email.
6. Email notification
For every login, successful or not, the user is notified by email. Likewise, withdrawals are also notified via registered email.
Exchange security
1. Secure protocol
ParamountDax has implemented security protocols such as: Secure Header on HTTP Requests / Responses such as: X-Frame-Options, X-XSSProtection, HTTP Only, Set Secure flag.
2. CSRF Protection
Protection of Counterfeit Requests for Cross Site (CSRF) for victims of fraud will be reported to the Administrator.
3. Avoid being suspicious
Suspicious users will be prevented by the xss-clean method which also prevents uploading of malicious files.
4. Authentication & detection
Authentication & Detection will be provided by ParamountDax to make transactions fulfilled by participants for trading.
5. Prevent DDoS attacks
DDoS attacks can be prevented using periodic penetration testing, Custom WAF rules, security notifications, etc.
6. Secure web services
ParamountDax will offer a highly available DDoS protected hosting solution that can be adapted to network and application level firewalls. ParamountDax will use secure HTTP headers such as HSTS to enforce TLS encryption, and keep passwords salty and hashed.
7. Security audit
To ensure maximum exchange security, ParamountDax will conduct periodic security audits so that vulnerabilities can be avoided. For the patience of traders, we will sign regular contracts with several External Audit Agencies. The Company's Audit Name will be immediately communicated through the official ParamountDax social media channel.
Liquidity offered
To overcome liquidity problems and allow users to instantly trade their digital assets, ParamountDax will add its order book to the collective collection server - order books that are shared among various crypto exchanges. In this way, even if there is not enough liquidity on the exchange, it will be available through a collective pool. This allows users to trade transactions quickly.
ICO Details
Pre-sale token supply: 25,000,000 PRDX
Token supply: 40,000,000 PRDX
Total tokens sold: 75,000,000 PRDX
Soft stamp: 1,750,000 USD
Hard stamp: 9,310,000 USD
Law
Blockchain platform: Ethereum
Country restrictions: US
Country of registration: United Kingdom
Registration year: 2017
Office address: Paramount Blockchain Ltd:
Unit 3 traders, Evegate Business Park, Ashford, Kent, England, TN25 6SX
Company number 11357138
Token info
Ticker: PRDX
Type: Utility-token
Token standard: ERC20
Price of tokens in USD: 1 PRDX = 0.15 USD
Accepted currencies: BTC, ETH, USDT, B2BX, DASH, LTC, NEO, XRP, PAX, BNB (EUR / USD)
Token distribution:
2% - Prize Bonus
10% - Angel Investors
65% - ICO participants
23% - Team
Budget allocation:
22% - Initial Development Fee
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: Director of Maintenance
Cosmin Harangus: Technical Advisor
Darius Cupsa: FullStack Developer
For more information about Paramount Dax, please visit the link below:
Website: https://www.paramountdax.io/
White paper: https://www.paramountdax.io/whitepaper.pdf
Twitter: https://twitter.com/ParamountDax
Telegram: https://t.me/ParamountDaxICO
Authors: YarisRiyadi1st
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1756824;sa=summary
My ETH: 0x8B1820FB5829696cA5b595d09dF4e0F5757a97A7
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