The Paradox Network is Ethereum's version of Bitcoin's Lightning Network, enabling fast, cheap, scalable payments.
1. SCALABILITY - Off-chain payment channels capable of millions to billions of transactions per second across the network.
2. TRANSACTIONS - Lightning-fast payments without worrying about block confirmation times.
3. COMISSION FEES - By transacting and settling off-blockchain, the Paradox Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.
4. TRUST - The Paradox Network is a technology invented to extend the capabilities of Ethereum's blockchain. Payment channels create the new model of trust, extending and improving upon the properties of Ethereum.
Together with other companies, we are developing solutions to existing blockchains. Our contributions are:
• PRX Bidirectional Payment Channel Protocol
• PRX MERCHANT Compact Payment Channel Protocol
• PARADOX Zero Fee (100% Merchant sposored) Payment Model
• Trusted Partners Scoring System (work in progress)
• Multidirectional Payment Channel protocol (work in progress)
PRX Tokens are ERC20-compliant tokens.
• ERC20 tokens are smart contracts that run on the Ethereum blockchain.
• They are digitized currencies, encrypted through cryptography.
• Paradox(PRX) Tokens are used to create micropayment channels and perform payments over the Paradox Network.
• They power the system, which enables scalable, low latency, low cost transfers.
• All services, fees and costs on the Paradox Network are paid with PRX.
"With the ETHEREUM BLOCKCHAIN reaching millions of transactions per day, and frequently reaching their full transaction capacity, the need for scaling progress is becoming more and more clear and urgent."
Paradox (PRX) Token Details
Token Full Name: Paradox Token | Token Symbol: PRX | CATEGORY: Blockchain Service | PLATFORM: ERC20
PRIVATE ROUND | WHITE LIST | MINIMUM100ETH, 1000ETH – INTERVIEW REQUIRED | FIRST COME, FIRST SERVED | PRIVATE ROUND TARGET CAP: 8,000ETH | PRIVATE ROUND TOKEN PRICE: 0.00002ETH | 9.02.2018 | Private Round Application Closed
THE PARADOX NETWORK IS AN OFF-CHAIN SCALING SOLUTION TO EXISTING ETHEREUM BLOCKCHAIN
FAQ (Frequently asked questions)
What is an off-chain scaling solution?
An off-chain scaling solution is an overlay network built on top of an existing blockchain protocol. Similar to how the Internet is built in layers, The Paradox Network creates an entirely new layer, offering lightning-fast payments without worrying about block confirmation times. Our implementation is Ethereum's version of Bitcoin's Lightning Network, enabling fast, cheap, scalable payments.
What are PRX tokens and what can I do with them?
Paradox(PRX) Tokens are used to create micropayment channels and perform payments over the Paradox Network.
They power the system, which enables scalable, low latency, low cost transfers.
What Problems does The Paradox Network solve?
User growth and application innovation in the blockchain ecosystem are driving the need for new protocol layers that build on the security and ubiquity of blockchains. PRX is one of these protocols, providing blockchains with the scalability to support magnitudes more users as well as the flexibility to support a new wave of financial applications.
Do I have to do registration and KYC?
Yes. Registration and KYC is mandatory.
What do I need to provide for KYC?
Determine if you intend to bid MORE than 0.2 ETH, and only if so, you are required to go through this KYC process in order to participate in the auction. There is NO need to do KYC for individuals or institutions sending amounts smaller than 0.2 ETH. • Please provide the following information:
Nationality, Name, Email, Address. We may ask for additional information in certain cases.
PRX Token Allocation
External Development Fund (25%) The External Development Fund will be used to fund projects that help build and grow the Paradox Network.
Protocol and Ecosystem Maintenance (35%) Tokens to be used to sustain the long term development and maintenance of the protocol as well as its ecosystem.
Token Sale (50%) Tokens which are offered during the PRIVATE SALE, PRE-PUBLIC SALE AND PUBLIC SALE.
Team, Founders and Advisors (5%)
When will I be able to access my PRX tokens?
You will be able to access your acquired tokens 7-10 days after the token sale has ended. PRX tokens will be credited at the address from which the contribution was sent.
What’s the meaning behind the ‘Paradox’ name?
Paradox is latin and means a seemingly absurd statement. We believe that "Sometimes Off-chain can improve Blockchain", which is clearly a self-contradictory proposition.
Where is Paradox based?
Paradox’ administration is based in St Julian's, Malta. The development team and part of the management is based in Mellieha, Malta, where Paradox was founded.
Accepted currencies: ETH (Ethereum), INTL (Intellium, 1INTL=0.001ETH). Check out the token transfer instructions for details
Intellium Accelerator Team
Our goal is to make a difference to the way people invest in the new Digital Age
C.Wu/*Experience in finance, holding various executive positions in London, Frankfurt and Tokio, including Citigroup, Unicredit, and Raffaisen, mainly heading departments of both equity and derivatives trading. Main geographic focus is Middle East, Africa, CEE countries and Europe.*/
O.Fong/*Corporate attorney, serial entrepreneur and angel investor, raising multiple venture rounds, completing strategic technology agreements, and negotiating IP licensing. Currently acting as corporate counsel for numerous high profile ICO (initial coin offering) transactions.*/
UI/UX design and frontend development implementing web service layers using HTML5, CSS3, ECMAScript 6 and jQuery. Projects using VueJS and ReactJS, with Jest and Mocha testing environments. Python/Golang and API design with Apache Swagger.*/
About Intellium Accelerator
Intellium Platform provides access to early-stage investments that catalyze blockchain innovations into thriving businesses. These investments are designed to bridge the gap between traditional research and development (R&D) funding and private investment. Intellium Accelerator offers full assistance to startup businesses applying for research and development funding. Intellium also offers a suite of other resources, from research expertise to management consulting, to help startups succeed. All of these results in x2...x10...x100 Returns.