Pareto ICO: Company Review and PXT Token News Updates

Pareto PXT ICO: Cryptocurrency Investing Rewards Network?

Pareto, found online at Pareto.network, aims to provide actionable content for the digital currency marketplace. Find out what that means today in our review.

What is the Pareto Network?

The Pareto Network, or simply Pareto, is a real-time actionable intelligence platform that aims to provide decentralized investment analysis through a peer-to-peer content marketplace. The information is produced by content providers who have the technical skillset and analysis needed to conduct due diligence in cryptocurrencies.

The overall goal of the network is to allow participants to make informed investment decisions in cryptocurrency markets.

How Does Pareto Work?

Pareto wants to create value by increasing the overall efficiency of cryptocurrency markets. Prospective users on the Pareto network must own Pareto tokens (PXT) in order to access the network. Users are rewarded for producing actionable market information to the platform. The end goal is to filter white noise and encourage the production of meaningful information.

The Pareto Network is made up of three core features, including:

• Original analytical information from content providers
• The Pareto platform, which distributes and curates content
• Token holders who receive content based on their ranking on the platform, determined by a number of metrics that judge their overall involvement on the network

Pareto has a unique mechanism where not all token holders receive information at the same time. The Pareto Network uses a ranking algorithm to determine the order in which token holders receive information created by content providers. This is called the “waterfall”. It’s similar to a leaderboard.

The top of the leaderboard is more than just the person with the most tokens. The leaderboard takes a number of factors into account. Users can use these factors strategically to obtain information more quickly.

What Problems Does Pareto Seek to Solve?

Pareto seeks to solve a lack of fiscal information in the cryptocurrency markets, something they see as the greatest challenge to crypto investment analysis.

New cryptocurrencies and tokens are entering the market at a rapid pace, and yet investment analysis cannot keep up. Investors need informational tools to distinguish good and bad investment opportunities.

Until the cryptocurrency industry has good, reliable, independent investment information, they won’t be taken seriously as an asset class. Other problems identified by Pareto’s developers include:

• Lack of regulation and legal support, including a lack of policing to distinguish cryptocurrency scams and legitimate companies
• Cryptocurrency prices are completely determined by the free market, and the market isn’t completely informed; this makes for a volatile industry with unpredictable rises and falls, making it difficult to trade without financial tools and advanced knowledge (which discourages average investors from participating)
• Lack of accurate information and a centralized authority on crypto coins, which means it’s easy for investors to find incorrect information online

Ultimately, there’s no good, centralized source of cryptocurrency information. Users turn to YouTube, blogs, Reddit, and other online sources where people can post any information they like. This leads to problematic market conditions.

Pareto wants to solve that problem.

What Information Will Pareto Produce?

Pareto aims to produce actionable information to the cryptocurrency community. That actionable information includes all of the following:

• Analyst reports, including coverage of new and existing tradeable tokens or investments
• Sector reports, including storage, prediction, and computing
• Analyst reports on return on staking/mining
• Technical trading alerts and reports
• Codebase reviews
• Code vulnerability and security assessments
• Evaluation of investor tools
• Evaluation and discussion of fund management tools
• Crypto investment manager surveys

In other words, Pareto doesn’t just aim to give “hot coin tips” and similar advice. The company wants to distribute information like code vulnerabilities before they hit the general market. Someone might discover a code vulnerability in a major ICO, for example, that puts the future of the project at risk. How much is that information worth to an investor that was preparing to drop $1 million into the ICO?

The people who create this content could be individuals, groups, or organizations. These people may contribute content to the platform regularly over time, or they could contribute just one or two pieces.

Pareto plans to have two phases of adding content contributors.

During the first phase, Pareto will recruit qualified contributors to start building a flow of information that will be instantly accessible to token users. By the second phase, the contributors will grow organically, as the contributors will be drawn to the network by the incentive of earning valuable tokens. They will be incentivized to add content to earn rewards and PXT tokens from users.

The value of the Pareto token is based on the value of information created by the Pareto Network.

Who’s Behind Pareto?

Pareto is led by co-founder and CEO Eric Lamison-White, Co-Founder and CSOO Ted Lanpher, Chief of Content Chris Eberle, and Advisor/Lead Data Scientist Dr. Anna Becker.

The concept for Pareto was first formed in June 2016, with a whitepaper launched in June 2017. By Q1 2018, Pareto hopes to launch its network to the public.

The Pareto PXT ICO Token Sale

The Pareto PXT ICO token (PXT) is an ERC20 token built on the Ethereum blockchain. There’s a total supply of 500,000,000 PXT tokens. 40% of the total supply will be available during the token sale.

The Pareto PXT ICO pre-sale takes place from October 30 to November 30, 2017. The pre-sale has a minimum contribution of 5 ETH, with a price of $0.18 per PXT during the pre-sale ($0.15 per PXT for purchases over $50,000).

Meanwhile, the general crowdsale opens December 1 and goes until December 31, during which tokens are priced at $0.25 per PXT. There’s a hard cap of $32 million during the crowdsale.

Of the remaining total supply, 30% is going to a strategic reserve, 18% is going to the team, 8% is going to early content contributors, and 4% is going to advisors and ambassadors.

Pareto PXT ICO Conclusion

Pareto aims to create an efficient content distribution network for the cryptocurrency industry. Today, the industry is flooded with low-quality information – like on blogs, YouTube, and social media sites. It’s tough for investors to find quality information about the rapidly-expanding world of crypto. Pareto aims to solve that problem by creating an incentivized network of content distributors.

The Pareto token sale is taking place throughout November and December. You can learn more about the project today by visiting online at Pareto.network.