ProximaX profile
ProximaX Profile (XPX)
Score: 4.12 | Below Average
Adventurous Nano Cap
Project Safety Score

Fri, Jan 21, 2022 4:26 AM

Score 4.12
Rating Below Average
Market Cap $26625695.059007
24hr Volume $272332.80542809
Price $0.0043666887727158
Review

ProximaX

coin

2ndgen blockchain

ProximaX is an advanced extension of the Blockchain and Distributed Ledger Technology (DLT) with utility-rich services and protocols. Businesses, enterprises, and innovators can avoid costly and failure prone centralized architecture by utilizing an all-in-one sustainable platform which provides augmented secured services, content delivery, storage, and media streaming. The ProximaX protocol aims to offer DApp developers cost-efficient fault tolerant, multilayer, P2P cloud services including, but not limited to, blockchain-powered P2P storage and bandwidth. A fault-tolerant system is designed to ensure a system remains fully functional even when part of it is ‘down’ or unavailable. ProximaX will build a P2P cloud storage architecture with fault tolerance and a distributed database by removing the central entity and connecting all the servers (or nodes) in a mesh configuration. Failure of any single component of the mesh will have minimal effect upon the overall performance of the system. ProximaX protocol will ensure confidentiality and integrity of the data passing through a myriad of nodes. The use of distributed databases (DHT) ensures consistency and integrity throughout the network. ProximaX distributed file management system (DFMS) interfaces with NEM blockchain and works in four scenarios: 1. ProximaX Public DFMS with NEM Public chain 2. ProximaX Private DFMS with NEM Public Chain 3. ProximaX Public DFMS with NEM Private Chain 4. ProximaX Private DFMS with NEM Private Chain ProximaX will provide DApp developers with an easy-to-use SDK that abstracts the ProximaX protocol layer into a dynamic second layer on top of the NEM blockchain layer that can carry different unique DApp protocols. This will ensure that the DApp developers can build great P2P applications with the best possible security protocols without relying on points of central authority. It will empower developers to build apps and monetise in the ways they want without any unnecessary compliance pressure. This solution makes use of the NEM blockchain for value and hash transaction and the NEM cryptography framework to gain access to the ProximaX DFMS and work in a tightly integrated environment based on the above four scenarios.

Read more in the whitepaper:
https://proximax.io/proximax-whitepaper-v1.4.pdf

ProximaX Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

ProximaX Safety Report

ProximaX has a safety score of 4.12

ProximaX is a nano cap coin.

ProximaX is suited to a adventurous investment style.


ProximaX Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • tradingview profile
  • exchanges

ProximaX Red Flags

There are currently no ProximaX red flags.


ProximaX Development Score

The ProximaX project has 90 active source code repositories.

The most recent commit was Thu, Dec 30, 2021 10:39 AM

  • 651 Watchers
  • 109 Stars
  • 1229 Mentionable Users
  • 0 Vulnerabilities
  • 3 commits in the last 28 days.
Highlights:
  • extremely high mentionable users
  • very good repo stars
  • daily repo updates
  • good watchers
  • poor stars

ProximaX Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Low number articles to calculate the sentiment

ProximaX Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on ProximaX?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall ProximaX has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

Highlights:
  • extremely high gitHub account watchers
  • no reddit articles
  • low hashtag tweets

ProximaX Awareness Score

The awareness score indicates how well ProximaX is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the ProximaX is but a good measure of longevity is how well the project is known by the general public.

Overall ProximaX this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • very poor search result total
  • very poor number of news articles mentioning ProximaX
  • poor number of headlines about ProximaX
  • very poor number of ProximaX YouTube videos

ProximaX Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Good project age (released Aug 8, 2018)

ProximaX Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • poor USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

ProximaX Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

ProximaX Exchanges
ProximaX Explorers
XPX
Member Ratings (XPX)

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Do you think ProximaX is a scam project which will disappear in a rug pull in the next few months or do you think ProximaX is here to stay?

And more importantly let us know your experience and warn others if you have noticed something suspicious.

87.50%

Complete
Profile Status

How complete is this profile:

A few missing data points

This profile is still waiting for the following data points

  • tradingview profile
  • exchanges
Member Signals

--/5

(no reviews)
Member Ratings
Market Cap Rank:
757
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
ProximaX Reddit
ProximaX Github
ProximaX News
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    Fri, Dec 31, 2021 12:28 AM

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