VPNs have various uses. Some people use them to watch content that’s unavailable or restricted in their home countries. Others use them to gain more security over their Internet connections. Still others use them to download torrents or magnet links.
Dima Rusakov, CEO of VPN provider Privatix Limited, says that there are crucial issues for the VPN market including affordability, services which don’t sell user data, and services which provide actual anonymity.
Privatix has 750,000 users, and its temp email service, Temp-Mail, has 250,000 visitors every day. Privatix seeks to build a decentralized P2P VPN on Blockchain, and change the industry in the process.
Privatix aims to create the largest idle bandwidth marketplace. It will do this by utilizing people’s unused bandwidth connections when they are at work, at school, asleep, and so on. During these times the bandwidth is still on, still paid for, and just not being used by the subscriber. The same can be true with businesses and Internet hosting services.
To utilize this unused bandwidth phenomenon, Privatix sells the unused capacity, and in so doing gives value to those whose connections aren’t being used, as well as to those who want more bandwidth.
The company’s ICO is in October, with a presale on Sept. 14.
Building on the Blockchain
Blockchain-based P2P VPNs necessitate developing business solutions over the long term, including hosting services to sell unused server capacity. This could have the knock-on effect of attracting bigger players and expanding the marketplace.
Centralized VPNs can be detected by DPI-based blockers, with the Great Firewall of China being a famous example. Privatix gets around this by using a DPI-free protocol, which makes the VPN more stealthy. Apps could also potentially use this software to provide anti-censorship solutions along with monetization. The Mobile Software Development Kit will integrate into apps to incorporate such features.
The cryptocurrency dimension of Privatix is linear. Agents sell bandwidth to clients which is exchanged for a crypto token called PRIX. Services gain value the more demand for bandwidth there is, and so this makes the market attractive for agents. The more supply of bandwidth is available, the more clients are attracted who desire to purchase cheap capacity.
The company will address the misuse of capacity on exit nodes, while it says that agents’ responsibility should shift to Privatix if such cases arise.
Future plans, ICO and the team
The team comprising Privatix has a multinational origin, with coders and entrepreneurs who know their tech. In addition to Privatix, CEO Rusakov has run 5vpn and Temp-Mail for six years. The team as a whole has promised to sell their outside businesses so that they can focus on Privatix.
A pre-ICO is scheduled for Sept. 14. The aim is to sell three percent of the PRIX at that time. The company will give a 60 percent bonus with each purchased PRIX, so buyers get 1.6 PRIX for each 1 PRIX bought in the pre-ICO.
The ICO proper starts on Oct. 19 and will run for four weeks. Seven percent of the tokens are reserved for employees and founders. They must keep them for one year, to ensure that they remain dedicated to the project.
Following the conclusion of its ICO, Privatix will construct cross-platform software and the Privatix Network, which will be released in the second quarter of 2019. At the end of 2020, the company will introduce a developed CDN based on the Privatix Network.
Disclosure: This is a sponsored article.