PDX

The development of the blockchain technology has made great progress in the last few years. However, issues of transaction speed and transaction costs prevent blockchain technology from becoming mainstream. The current low capacity of the main blockchain protocols and cryptocurrencies (Bitcoin, Ethereum), more specifically 10-30 transactions per second (TPS), cannot cover the world's commerce anytime. In contrast, Visa claims to have 56,000 TPS on its network, while Alipay has achieved 200,000 peaks TPS in November 2017. The scalability problem of the current blockchain-based systems poses significant limits for their extensive applications. How to scale up blockchain TPS without compromising its security and decentralisation remains elusive.

In order to solve this problem, several projects have already launched the alternative protocols that aim to significantly increase the throughput of the blockchain protocols. For instance, EOS launched its infrastructure for dApps, which Test Network can sustain over 10,000 TPS. EOS raised $197M during its ICO in June 2017 and now is the 5th largest cryptocurrency in the world by market cap. IOTA is able to process 500-800 TPS, raised $400M and now 11th by market cap in the world of cryptocurrencies. That is why the potential growth and community attention to PDX might be lower.

Overall, the scalable protocols for dApss gain large public attention during token sales and have comparably high ROI. However, competition in this sphere of blockchain is more severe than in others, so it has to be taken into consideration.

PDX aims to create a public blockchain that will serve as Infrastructure as a Service. PDX will have high security because private applications will allow the owner of the application to fully control the data and code of the software or hardware operation. PDX is based on PDX Baap — a multi-chain “engine” concept. The PDX public blockchain will have three layers: the physical chain (main chain) as the base, trust chains on top to secure the next layer, and the business chains on top. Consensus will be interchangeable at the will of the business deploying a chain, adjustable to chain (cluster), app (smart contract), and transaction type parameters.  Smart contract involvement is to be extended to IoT and mobile devices. PDX will support RESTful smart contracts (like Neblio), Hyperledger chain code and Ethereum smart contracts. PDX will also build additional components on top of its core technology which will be available as premium services.

The core technology has been patented by the CEO: three patents have already been issued, two more are still pending.

PDX aims to create a blockchain for small and medium-size businesses. However, the team members do not have experience in working with such businesses.

GitHub of PDX was created in January 2018. Overall, the activity is low, and there were a few commits in April and May.

PDX will be building many components to the ecosystem out the gate such as cross-chain interaction with other public blockchains and consortium blockchains, a developer application store, and a built-in decentralized exchange. All of these features will be paid services. Part of the fees will go towards the PDX company which is a for-profit entity, part of it goes to the foundation, and part of it is returned to the community.

PDX soft cap is equal to 15K ETH (~$9M), Hard Cap - 20K ETH (~$12M). As the team will sell 20% of the tokens, the company valuation will be in a range between $45M and $60M.
PDX will not conduct an ICO but will only run a private sale for 20% of the tokens. The angel investment phase accounted for 2% of the total issue cap, and 50% of that amount was locked for six months. Private stages accounted for 18% of total supply with 30% of total tokens within four months.
The team tokens (20% of the total) will be locked for 36 months with 5% unlocked when PDX Testnet is online. Afterwards, 1.25% of the tokens will be unlocked each quarter. PDX Foundation will promote the community and ecosystem, programmers and teams who support the project. 15% of the tokens will be allocated for rewards to the participants of the network. 5% of the tokens will be reserved for legal expenses. The remaining 20% will be kept for the platform development.

The budget will support the following activities: 30% for risk fund, 35% for HR, 10% for business development,5% for operations, 10% for marketing, 6% for consulting, 4% for risk & compliance.

PDX already received investment from several VC funds. The list includes Kinzon Capital, Lenovo Capital (not validated), NBlockchain, Pagoda Investment. PDX projects are only for qualified investment funds with transparent establishment history and fund profile. CEO shared some individual investors have invested in the project before, but are returned. Also, PDX does not allow pools to participate.

The team consists of 7 people with a background in international corporations like Yahoo, Microsoft, Paypal, BP, JP Morgan, and Groupon.
The CEO has a technical background (BSc and MSc in Engineering) and previously worked as a Principal Engineer at CISCO, Architect at Yahoo, Architect at PayPal, Engineer at IBM. He also founded a startup which currently has 200-500 employees, according to Linkedin.
Overall, the team has strong tech specialists. However, this experience cannot be validated and there are no blockchain experts within the team.