In recent years, the biggest problem faced by the global economic community has been that of data theft and loss. Statistically speaking, ever since 2013 there have been over 9 billion data record breaches, which has lead to not only loss of money, but also personal information and identity data.
Thus, in an attempt to correct such a sorry state of affairs, many people/organizations are turning towards security platforms that are highly decentralized and non-privatized.
What Is Protex?
Protex is an all new ‘crypto platform’ that aims to help provide users with ‘privacy, security and anonymity . It not only decentralizes ownership of user data, but also makes available other key information like browser history, location data etc to the users of this network.
Thus every small transaction leaves behind a footprint, that can then be traced and linked to a person in case something goes awry. Lastly, the interface is user friendly, and allows it to stay secure and free of any third party interference. Other important aspects of Protex include:
Data Exchange Security:
Through the use of advanced security mechanisms and protocols, this interface has the ability to execute transactions and transfer data in a highly secure and safe manner.
Decentralized Information Storage:
As mentioned earlier, all of the information stored on this network is transparent and free of any discrepancies.
All Protex users have the ability to capitalize on their data. For example, anytime a person makes a data exchange on Protex, he/she is instantly paid for their exchange (there are no fees involved in this transaction).
The platform comes along with a ‘user-friendly app’ as well as a chrome extension, that make it easy for us to access the main system at all times of the day.
Comprehensive Details Provided:
The purchasing portal within this system is highly comprehensive, and provides us with details that are in depth and highly researched.
Designed For Scalability:
This platform is designed to be scaled up to any level that we may require it to be. As a result of this, we can maximize our profits, and increase our returns.
What Is Different Here?
Does The Work For Us:
All of the information and money stays ours. Protex claims to simply package our data more securely, so that it can remain independent of any 3rd party intrusion (hackers, scammers).
The system keeps running in the background without us even knowing about it.
All of the money that is made as a result of purchases or transfers are sent directly into our e-wallets or accounts.
Other Protex Details
Through the use of this app or chrome extension, users are able to share “all, none, or a particular combination of the data fields that Protex supports”. Not only that, Protex also gives us complete control over our data and what we wish to secure.
Through the use of ‘modern cryptography and efficient algorithms’, this platform helps keep safe all of our important information and data on the blockchain. All of the information remains strictly confidential and private.
About The Protex Team
According to information that can be found online, Protex is the brainchild of Kieran Stolorz, who serves as the ‘Chief Architect & Lead Developer’ for this project. He has been a member of the blockchain community for quite a while now, and has had decades of experience in terms of software development. In terms of his educational qualifications, Kieran graduated cum laude from the University of Southern California with a B.S. in Computer Engineering and Computer Science where he was a key leader for several on-campus teams.
Similarly, Jason Spielman is the ‘Chief Creative Officer’ for the company. He is a multidisciplinary designer who has specialised in ‘user interface design, user experience and impactful video production’. In terms of his experience, Jason has previously worked as a UX Designer at Google. Lastly, he holds a B.A. in Design | Media Arts from UCLA, where he co-founded College Weekly and was the Creative and Marketing Strategist at Pingtank.
Protex ICO Details
From the company’s official whitepaper, we can see that there will be a total of 1,000,000,000 PTX tokens that will be created. Out of this number, 900,000,000 tokens are will be made available for purchase, while the remaining 100,000,000 PTX will be withheld by Protex, LLC to “encourage and incentivize long-term contributions to the project”.
During the Pre-Sale, 1 ETH can get us 20,000 PTX. In addition to this, customers who make a purchase during this period will receive a 10% bonus on all tokens purchased, and tokens purchased during week 2 of the Token Sale will receive a 5% bonus. During the second sale phase, the token Sale exchange rate will be maintained at 1 ETH = 12,000 PTX.