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Sunday, April 15, 2018

Pryvate Coin - The new era of Privacy - powered by Blockchain (ICO Review)


Criptyque Ltd. launches Pryvate™ - Originally formed in 2013, Pryvate™ Ltd. introduces Pryvate, PryvatePro and Pryvate fixed line military grade encrypted communications suite. 

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Introduction
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Pryvate is the most secure first of its kind in security, duality of a cold storage and hot wallet all from one device, with a multi-purpose, secure online dashboard to utilize; Dapps, secure chat, review your cold storage (watch only view), atomic swap exchange. Pryvate is the only tool you need to secure everyday communications - data, voice, video, chat, email, conference calls, anti-blocking, on-net / off-net calling plans, digital secure wallets (no need for separate cold storage) with insurance for wallet contents (coming soon) Never lose coins again!

Download the latest version of PryvateNow (v1.1)

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Features & Services
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Pryvate already has a working product available for download and use. We have personally used the software as well. It is a complete communication suite, but with military grade security. However, the software is still being developed and a lot of features will be added to it. But, below are the existing features of the software,

Pryvate™ Encrypted Voice Calls (VOIP):
1. ZRTP Protocol negotiates a key between two VoIP end points

Pryvate™ Encrypted Video Calls:
1. Adaptive streaming
2. Secure Video Encryption and Privacy (never known to us)
3. ZRTP Protocol negotiates a key between two VoIP end points


Pryvate™ Encrypted Instant Message (IM): 
1. Group chat
2. Auto encrypted single/unique single session
3. 3G and 4G, EDGE, GPRS, LTE, UMTS, HSPA, W-CDMA and Wi-Fi
4. Peer to Peer – with no servers in the middle
5. No records of any messages or conversations are stored
6. AES symmetric-key, Diffie-Hellman and SHA-1 hash algorithms
7. User sessions are automatically deleted after a session is terminated

Pryvate™ Encrypted Email: 
1. Securely designate any or all of users current email addresses and services
Agnostic platform: (Android to IOS, Windows to Mac) or vice versa
2. 3G, EDGE, GPRS, UMTS, HSPA, W-CDMA, & Wi-Fi connections
3. Encryption keys are automatically created on users smartphones for each individual email

Pryvate Anti-Blocking: 

1. VoIP anti-blocking solution
2. Bypass illegitimate firewall restrictions on 3G
3. Setup statistic collection system for every call made through the app

Pryvate™ Wallet: (Being developed)
The wallet is still being developed and will be released soon. There will be three different modes of the wallet as mentioned below,
1. Lightweight
2. Micropayment
3. Internal/atomic

Extra security features:
Hot/cold in app
'Dead-Man' function
Enterprise version

Pryvate™ File storage: (Being developed)
1. Decentralized
2. Point-to-point
3. Encrypted
4. Time expiration

Why is Pryvate more secure than all of the other "encrypted" communication services?
1. Military-grade encryption combined with RSA 4096-bit and AES 256-bit encryption
2. No risk of data being intercepted by hackers, criminals or government surveillance agencies
3. Diffie-Hellman (D-H) key exchange, MD5 and SHA512 hash for voice integrity
Proprietary 'Protection Agent' software that detects, alerts and defends against 'man-in-the-middle' attacks
4. Encryption keys that are automatically created on your smartphone for each call
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Token Financials
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Token Name: PVC
Token Price: $0.60 per PVC based on ETH spot price
Hard Cap: $20 million
KYC: Required through Jumio.com service

Pre-sale: 

9 April - 16 April (30% bonus)
17 April - 24 April (25% bonus)

Public sale: 

25 April - 25 May (20% bonus)
26 May - 5 June (10% bonus)
6 June - 11 June (5% bonus)
12 June - 22 June (no bonus)

Use of Proceeds:

The proceeds from the PVC token sale will be invested back into the platform to support the continual development and success of the Pryvate ecosystem:

1. 40% of funds will be dedicated to the ongoing improvement of the platform, back-end technology, APIs and front-end developments

2. 30% will be earmarked for sales and global marketing
3. 10% will be used for general and administrative costs

4. 20% will be reserved for security, legal and accounting expenses


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Team
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The management personnel are all highly experienced (over 20+ years average pertinent experience). The team is led by Jonathan Parker Bray, who has successfully developed and sold several telecommunications companies.

The team is complemented by the company's Advisory, who are also highly experienced. They provide invaluable financial, technical and legal support to the company.

The Management:
Jonathan Parker Bray (CEO)
Jan Vekermans (Sr. Operations Manager)
Christophe Deschamps (Senior Technical Team Leader)
Zachary Broniszewski (Lead Developer)
Upkar Sahota (Senior Programmer & Data Analytics)
Ricky Magalhaes (Sales Manager)

ICO Blockchain team:
Mark Powell (CEO & Founder of New Crypto Order)
Bruno Caballero (CEO & founder of Blockchain.mx, Developer and Advisor of New Crypto Order)
Eduardo 'Lalo' Castillo-Salgado (CTO & Co-founder of Blockchain.mx, CTO of New Crypto Order)

Advisory:
Walid Kamhawi (Advisory Member)
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Web presence & Social Media
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Final verdict of BestICO
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Branding: (1 out of 1)
The branding of the project is excellent and the website is well designed to provide information about the project. White paper and Legal documents are well written and provides crystal clear information about the company and the technicalities of the project. We didn't see any significant anomalies for which we can lower the score for this parameter. 

Office address & Registration: (2 out of 2)
PRYVATE LTD is a private company limited by shares incorporated and registered in the Caymen Islands. Its registration number is MC-333877 and its registered office of Maples Corporate services Ltd, PO Box 309, Ugland House, Grand Caymen, KY1-1104. The parent company of Pryvate Ltd is Cryptique Ltd and their registered office address is De Carteret House, 7 Castle Street, St Helier, Jersey, JE2 3BT. 

We have checked the company directory and Caymen Islands and found the details are true. 

Working product: (1.8 out of 2)
Pryvate has a working product and can be downloaded from both Google playstore and IOS App store. We have personally checked the product and used it extensively to test out the mentioned features. The app is perfectly working and already scored more than 10,000+ download alone in Google Playstore. However, the product is still being developed and many other features will be added in future to make it more convenient to become a complete telecommunication suite. We are impressed with the product and it can be a favorite choice for anyone who are concerned about the security of their daily communication. 

LinkedIn profiles: (0.6 out of 2)
The ICO team comprises of 10 members but we were able to find only 3 LinkedIn profiles. Even though having a LinkedIn profile is not a pre-requisite of running an ICO. However, it certainly gives a confidence boost to the investors when they can see the real peoples behind a project. 

Business feasibility: (1.8 out of 2)
Social media has became an integral part of our daily life. Even the governments can't deny the impact of social media on their policy making decisions. But the recent "Cambridge Analytica" scandal of Facebook has raised a very valid concern to us. People around the world, are now concerned on their data security. So looking from security standpoint, Pryvate is a goldmine to the world. Probably not all common people are willing to pay a price to keep their communications secure, but a major chunk of them will be willing to do so. Pryvate is trying to provide a long term solution to this exact point, security!

Our rating: (0.9 out of 1)
Telecommunication is a trillion dollar industry and we see massive business application of Pryvate. We understand the application is still under-development, but once it starts offering the complete solutions to the masses, we see a significant amount of growth potential far beyond our imagination. We are impressed with the application but there is a room for improvement. I believe, Pryvate team is working full time to take this application to another notch higher and hence we are rewarding 0.9 out of 1 in our personal rating scale. 

Final verdict:
After a thorough research, BestICO is awarding Pryvate 8.1 out of 10.



DISCLAIMER

BestICO does not encourage investing in any ICOs published on the platform. Please make sure to do your own research before investing money into Initial Coin Offerings. All content on BestICO is meant to be used for information purposes only, and should not be taken as financial or investment advice. 

1 comment:

DISCLAIMER

BestICO does not encourage investing in any ICOs published on the platform. Please make sure to do your own research before investing money into Initial Coin Offerings. All content on BestICO is meant to be used for information purposes only, and should not be taken as financial or investment advice.



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