Criptyque Ltd. launches Pryvate™ – Originally formed in 2013, Pryvate™ Ltd. introduces Pryvate, PryvatePro and Pryvate fixed line military grade encrypted communications suite.
Features & Services
Pryvate™ Encrypted Voice Calls (VOIP):
1. ZRTP Protocol negotiates a key between two VoIP end points
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 Email:
1. VoIP anti-blocking solution
2. Bypass illegitimate firewall restrictions on 3G
3. Setup statistic collection system for every call made through the app
The wallet is still being developed and will be released soon. There will be three different modes of the wallet as mentioned below,
Token Price: $0.60 per PVC based on ETH spot price
Hard Cap: $20 million
KYC: Required through Jumio.com service
9 April – 16 April (30% bonus)
17 April – 24 April (25% bonus)
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
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.
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)
Walid Kamhawi (Advisory Member)
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.
After a thorough research, BestICO is awarding Pryvate 8.1 out of 10.
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