ParamountDax

The team is quite small for such a projects. Should be more devs for example. Now it looks like just two people involved - the ceo and cto (do they have proper experience?) and all the rest are marketing specialists engaged for the ico period only. “The MVP” is not convincing at all. It looks like a glimpse of usual exchange in general but the MVP should be focused on unique and innovative features. Is this STO or ICO? According to the whitepaper it looks like they don’t understand the risks of promising “profit”

Looks like a solid project. Team is solid. I like this one. Good luck guys!


Ratings are that of opinion and not to be financial advice of any kind and in no way should be considered endorsement of any project. Please, do your own due diligence on anything you invest in!

They already have licences before sales and that we are going to do IEO and listing on TOP exchanges. Trading from chart and show where people can find this feature.
They have a Profit sharing info + sample calculation.

It's great that ParamountDAX already has a license and MVP. The project on the whole looks good.

Update: I initially had reservations about the size of the team and the lack of information on the CEO and CTO's Linkedin profiles. I have since been contacted by a member of the core team and he took the time to explain everything to me in detail along with the actual size of the team including outsourced development resources.

Based on the new information provided I've updated/adjusted my rating accordingly.

As team stated it's Not Just Another Crypto Exchange - already licensed before its launch date and served for the real needs of the crypto community. Actually ParamountDax allows you to manage all your digital assets effortlessly with seamless, secure and risk-free trading opportunity at minimal fee with intuitive user interface, instant liquidity and multi-lingual real-time customer support. I wish for this project good luck and all the best at this bullish crypto-world space!

The slogan that ParamountDax "is not just another crypto exchange" sounds nice but is not yet reality. Comprehensive multi-lingual customer service and intuitive user-interface that will result in a superlative UX are great selling points, however this will still need to be proven and the results will only become visible in social media and review sites long after ICO close and subsequent product development. Already having Estonian regulatory approval is a big plus-point in the current highly unregulated industry, however it doesn't guarantee project success. The instant liquidity claims is a bit far-fetched and the explanation that "ParamountDax will be adding its order book to a collective pool server—an order book shared among various crypto exchanges" is insufficient. Why would other crypto exchanges share their order books in a "collective pool" and which would these exchanges be ? What if suddenly there's not enough crypto interest or liquidity in the market in general ? Investors have experienced first-hand that a crash of Bitcoin will lead to a collapse of the crypto markets across the world as witnessed during the crypto winter at the end of 2018. Therefore, the promise of instant liquidity is unrealistic and could lead to big problems if this cannot be honored immediately. The 21 page white paper is rather weak and not convincing as the tokenomics are not clearly explained. Daily Profit sharing of 46% is unrealistic and will be very difficult to fulfill unless the project makes massive profits from day one and can cover it's running expenses as well as have sufficient surplus to hand out that kind of percentage on daily profits. And because there are profit sharing bands and no utility token characteristics, this ICO is a STO and should be promoted as such along with the usual disclaimers and legals. The vision is good however the unique selling points are speculative and the white paper does not detail sufficiently how these objectives will be achieved, hence 3 stars for vision.

The team of 10 is very thin for the creation of a new crypto exchange "from scratch". There should definitely be more developers and blockchain specialists, including some experienced outside advisors which is not the case, therefore 3 stars for team.

The product itself looks average, it appears that a white-label platform was used as it looks very similar to other crypto exchange user-interfaces and therefore does not differentiate all that much except for branding, design and layout. The promise of multi-lingual customer support is a great selling point but not yet functional or proven. The instant liquidity claim sounds great but will be a promise that will be very challenging to actual ensure and provide. These factors and considerations drag down the unique selling points of the entire project, hence 3 stars.

Good luck to the ParamountDAX team.

KYC has been passed. Well-made WP and very detailed. They are really have deeply thinking about conditions for token holders and how to become a next generation exchange. They already have MVP and possible to use Trading from Chart. ParamountDax already have needed licenses.

I have been following this project's evolution for quite a while now. The bear market has affected all new projects and it has made it hard for them to reach their full potential.
However, PARAMOUNT has a small team, but they did passed the KYC and they do their best to bring this project to the market.

Their vision is rather different, trying to bring an innovation to the trading market. This will also bring a positive impact in our daily lives, as they offering intuitive user interface, instant liquidity, multilingual and real-time customer support
And MVP is also available

It is yet another exchange, but they are placing a lot of their energy in adding value through a better , more intuitive user interface, good customer support (which is very hard to get in big exchanges) and low fees, at least at the beginning.

The team, although a bit small at the time, looks experienced enough in each of the relevant areas for such a project.

Tokenomics are pretty reasonable. For an exchange, which can be quite expensive to develop, deploy and test, the hardcap is very sober. Also the token value at 0.15 looks reasonable for the available supply.

The poduct itself is not ready yet, but the mockups already can tell the work they put on the design. It's very promising.


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It should not be just another crypto exchange, but I do not get what is the difference.

Higher commissions than the most used exchanges.
A qualified team, but a little bit too small for this kind of project.

Taking 22% from the beginning as a Reserve for Emergencies, I think is quite a lot.

Distributing money to people create a serious risk that the token will be considered as a Security, even if Kucoin has not yet received compromising disputes.

33% of funds on marketing is huge.

I am a daily trader, but I really cannot be convinced from this project, and I read WP twice to make sure I was not missing some information

ParamountDax is a very promising project.

There are several big advanatages:

1. They have licenses before their lunch. This is very important and proves that its serious project.
2. Ready MVP

Speaking about their unique features:

a) OTC trading
b) Trading from chart
c) Advanced order types

They already have many TOP scores on Trackers, active community and good marketing.

Their team looks solid and with good experience.

Maybe they need more financial and Blockchain advisors, but anyway I don’t want to reduce the scores.

Best of Luck!

Team is short but carries good experience.MVP looks pretty fine. Whitepaper is comprehensive but lacks some vital information like business model is not defined adequately, imo. Profit sharing on daily basis makes your token a security token/ payment token. would like to understand more about how same has been tacked with. Licenses have been obtained already, that builds up some confidence. looking forward for more.
All the best!

Already having a license before launch is a great news and boost for the team. They have a great team and also two members of the team have passed the KYC. Soft cap is reasonable.

Dear ICOBench community,


Please note that before reviewing this project & ICO/IEO, I conducted my own DD : team background, competitors, project history, various analysis and KPIs, growth potential and a lot more factors.


Here are the results of this analysis :

- Team : It looks like they have an experienced and professional team and everyone is linked to the project on social media. They might need more devs for such a project and for the coins & tokens support later on.

This is still worth a 5/5 for the team.

- Vision : I am a bit bothered here because after reading the whitepaper, it clearly seems that this is a Security token and not a utility token, and thus it is an STO and not an ICO. Moreover, in the whitepaper, there are a lot of "possible profit" generated from the exchange, which can be viewed as a motivation to buy. Regarding the exchange itself, there is nothing new here.

For these reasons, I give a 3/5 for the vision.

- Product : There is a working MVP, which is definitely great and more than any other project at this stage. In the whitepaper, the liquidity problem is explained to be solved thanks to the order book of a pool of exchanges but we do not know which exchanges. Some consortium like this already exist but why would any exchange share their order book with an external competitor?

Therefore, I give a 4/5 for the product.


I invite investors to conduct their own DD before investing time / money on any project.

Paramount Dax, although it claims that it is “Not Just Another Crypto Exchange”, is yet another project which is trying to set up a Crypto exchange.

Team - Based on the review of the team credentials in the whitepaper and social media it appears that they do not have any significant experience in running a crypto exchange business. Some of the team members seem to be working on the project only on part time basis as can be evidenced from multiple positions held on LinkedIn profile.

Vision – The use of blockchain technology to seems to be at the core of the business. But don’t see them adding a lot of value to already crowded crypto exchange space.

Product - It appears that the project is currently at MVP Stage.

Overall the concept of the project is nothing new to the crypto industry. Crypto exchange space is already very crowded with number of exchanges far exceeding the number of projects. Existing exchanges themselves are finding it very difficult to stay afloat, so starting a new exchange from scratch and building a sizable user base is a herculean task. Also, the daily profit-sharing plan does not seem to be feasible given the high costs of running a crypto exchange.

On a positive note they already have a Crypto exchange and wallet license from Estonia. Crypto exchange business is a natural monopoly which benefits from the economies of scale and network effects. In the long term only a handful of players would be able to survive. I would wait this one out and give it a pass.

Disclaimer: Above is my personal opinion and not an investment recommendation. Please do your own research and take independent financial advice before making any decision

You can find my rating methodology here. https://medium.com/@niravgala/nirav-galas-ico-bench-rating-methodology-c7186a354c9e

Update: 2 July, 2019

Thanks for your message. I have reviewed the reply on ICOBench and I do not find the arguments/information provided compelling enough to change my ratings.

I would be happy to review/revisit my ratings once your project make further progress on the execution of the crypto exchange. At this point in time I will stick with my current rating of the project.

All the Best!!!