What is Privatix?
VPN allows traffic to be encrypted and routed through different locations, and while centralized VPN is available, it has its disadvantages.
From section 7.2 in our whitepaper:
VPN means Virtual Private Network, a secure tunnel between two or more devices. VPN creates a secure tunnel between your computer and the Internet, allowing you to surf the web anonymously from wherever you want. VPN also hides your IP address and changes it to another one. Classic VPN providers use dedicated servers around the world and standard VPN protocols like Openvpn, pptp, l2tp, sstp , etc. VPN shields your privacy, helps to avoid Internet censorship and encrypts your transferred data. The problem of centralized VPN is DPI-based blockers (utilized in China) and data server’s IPs that detect when you use a VPN. VPNs 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. 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 and vice versa, as the difference will be paid to you.
— Dmitriy Rubtsov, COO
The crowdsale begins on October 19, 2017 at 14:00 UTC and ends on November 16, 2017 at 14:00 UTC. There is a minimum goal of 3,350 Ether and a maximum goal of 57,142 Ether. If the soft cap is not reached, contribution will be refunded to contributors. If the hard cap is reached, the crowdsale will end immediately.
The price per Privatix token (PRIX) is 0.01 Ether (1 Ether = 100 Privatix tokens). There is a bonus structure that is as follows:
First 48 hours: 40% (1 PRIX = 1.4 PRIX)
Week 1: 30% (1 PRIX = 1.3 PRIX)
Week 2: 20% (1 PRIX = 1.2 PRIX)
Week 3: 10% (1 PRIX = 1.1 PRIX)
Week 4: 5% (1 PRIX = 1.05 PRIX)
The smart contract can be found here.
Token Distribution Information
There are a total of 10,000,000 Privatix tokens being created, with 8,000,000 available during the crowdsale. Tokens will be distributed to contributors when the crowdsale is complete.
7%: Team and future employees
7%: Founders (tokens locked for 12 months)
3%: Presale (complete)
3%: Bounty, advisors, and ICO expenses
Use of Crowdsale Proceeds
The following is a breakdown of the use of crowdsale proceeds based on whether or not the crowdsale reaches the soft cap or hard cap.