ICO review of Privatix (PRIX): valuation, analysis, token cost | Digital Rating Agency
We will call you soon!
Low level of investment attractiveness
Low development potential, highly speculative investments
B2
10/02/2017
Medium
Quality Rate
No detailed scores
ICO
finished
Start: 19/10/2017
End: 16/11/2017

Privatix

About

Decentralized and autonomous P2P VPN Network on blockchain with the first Internet bandwidth marketplace powered by own crypto-economy.

Rate history

The DigRate team issues a Medium Fraud Rate to the decentralized blockchain-based VPN project – Privatix. Privatix is a decentralized autonomous P2P VPN network on blockchain that allows users to buy and sell their internet bandwidth using PRIX crypto-token. The future value of PRIX is highly questionable as it relies purely on the project’s ability to attract users to the network. However, the network structure and its technological implementation create significant legal risks for all its participants, where each Client and Agent can indirectly violate some of the laws and bear full criminal liability (a representative case was Dmitry Bogatov). Despite the team’s experience of conducting business projects, Privatix lacks MPV, qualified Advisory Board, and clear financial development plans, together with a sound business model. Moreover, the project takes significant risks, allowing investors from China, Hong Kong, and Singapore to contribute to the ICO, which casts doubt on commercial success and the return of investors’ money. Furthermore, the data presented by the project Founder and Co-Founder is contradicting, and the use of offshore schemes with hidden information, where Dmitry (the declared Company Founder) is neither a founder, nor even a Director, cast doubts on the project’s transparency and trustworthiness. Full version of our Express Report is coming soon!
The development of Privatix Limited is a network of Privatix that allows to reduce costs and increase the profitability of the business in the consumer VPN market, eliminating the intermediary services and giving people the opportunity to share their communication channels through P2P network. Privatix is decentralized and autonomous P2P VPN Network on blockchain with the first Internet bandwidth marketplace powered by its own crypto-economy. The company will face significant competition in the VPN services market in general, and in the ICO market in particular, in view of the already implemented successful ICO of Mysterium project with a similar idea and technology (from the customers’ perspective). Moreover, Tor, Hola, and CENO solutions show that blockchain is not a necessity for implementing this idea. We ranked Privatix as "B2". Low development potential, highly speculative investments. More details in our report.
Token
Privatix
Price
1 PRIX = 0.01
Accepted
ETH

Downloads and links

Website
Report
Whitepaper
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com