Proxeus ICO (XES Token): Build Business Blockchain Applications?
Proxeus is essentially a new workflow engine and platform used to generate documents that are used to make new application for blockchain technology. Not only that, but the Proxeus was the 2018 Winner of the Swiss FinTech Early Stage Award. It gives you the ability to create new solutions by putting information into the network and building new workflows without having to pend time learning a brand-new programming language like Python or Rails.
How Does Proxeus Work?
The platform has a whitepaper on the website you can read if you want. And they are designed to bring traditional companies and blockchain technology together. They do this by rebuilding the blockchain for traditional businesses, so it can be fully integrated into one of their existing enterprises or layers of a program.
The transition of the economy since the creation of the blockchain has been great for some, but horrible for others. Business models never seen before are starting to pop up, based around the blockchain technology.
And many of the new startups are making major changes in the way of improved speed, functionality and heightened security. Often times, while improving aspects of speed and safety, the new models are also effectively reducing the costs of different administrative tools. And in essence, entire platforms are improving, down to even the smallest processes. At the rate the improvements are happening, manual verification and copy & paste addresses will become a thing of the past.
One of the most important things now is to make sure the large part of the economy that is still operating with a traditional business model isn’t left in the dust. Proxeus is here to help businesses transition from a traditional model to the dynamic market like we see with smart contracts and proof of work. Really, it’s no different than the 90s, when businesses had to create a new website with no knowledge of how to do it.
The same process went through when websites had to make their own shops online in the early 2,000s and then repurpose and update for mobile applications in the 2010s. Businesses generally have to go through technical overhauls once a decade or so. And that is why the time is now fast approaching in which businesses have to adapt to blockchain technology or be labeled as obsolete.
Proxeus was developed with this exact issue in mind. And the platform is said to make it extremely easy to complete the transition. In fact, it’s so simple that it has been said to actually empower anyone who uses it to create blockchain technology applications that aren’t just functional, but affordable as well – and also compatible with most modern enterprise systems.
Basically, you can think of Proxeus as WordPress for the Internet. Which essentially means you can pretty much use the platform like a drag in drop, as in they have “building blocks” with pre-recorded data or values, so you can focus on making your business functional not just getting frustrated because you get stuck on technical challenges that are bound to come up, especially if you have no previous experience online or with blockchain technology. Instead, Proxeus will already have the problem solved for you.
About Proxeus ICO
Proxeus has no ICO information on the website right now. You have to actually go into the whitepaper to get details on the token. Unfortunately, even if you go into the whitepaper, and attempt to click on the initial token sale details on section V. Token Sale in whitepaper table of contents, nothing appear except Google Drive login page where they request login information to access the document with ICO details.
Who Is Behind Proxeus?
Antoine Verdon is the Co-Founder of the company and the CEO. Patrick Allemann is another Co-Founder and CIO. They are the two top dogs of the team of 14 running the operation and moving the Proxeus project forward. While it’s nice they have the team. There is a problem, the photos are low resolution and bad quality in general. Plus, the bios are relatively short and generic and there are no links to any social media sites. Proxeus will have to release information before they can be fully trusted as a legitimate business enterprise.
Proxeus In Conclusion
The site is decently enough put together, there is a lot of information about what they’re looking to do. And more information in the whitepaper than I can care to look at. The fat that you can’t see the ICO anywhere, and that the Google Drive with the Token Sale Details Document on it cannot be accessed makes me doubt the authenticity of the website. Also, since I can’t look at the LinkedIn Profiles for the team members or see any social media sites for them at all, I am skeptical a bit. Lastly, I have no idea where the company is headquartered, and I’m guessing that no one else does either.
If Proxeus wants to be viewed as a real business, they’re going to need to be more transparent and offer people to invest. Because as of right now, I just a website with a bunch of information. I could have written all the content on this site myself and no one would have notice the difference.