As of the 16. of November this year, the privatix.io Token Sale is over and they were able to raise 7.138 ETH or $2.642.606
This means that privatix.io, has reached their sale goal to be able to develop their product, which I think is just awesome.
For those of you who have never heard of Privatix, don't worry, I'll give you a short heads up on what these guys are doing.
This blockchain orientated company originated of a successful company called Pivatix.com who are already running lots of VPN servers to give the freedom of internet to people who are not able to move freely due to their country's censorship.
Therefore they created privatix.io built on the blockchain. To visualize what they do, I took a short overview from their website https://privatix.io :
As you can see, it is simply said a VPN network where people can sell and buy bandwidth from people who basically have too much of it and free access to the internet.
They also created their own Token which you were able to buy through Ethereum and later on will also be based on Ethereum to be stable and tradeable. The price of on PRIX Token was about 1ETH = 100 PRIX which is equivalent to about 3.7 USD per Token as of now. I am expecting this token to increase dramatically as soon as their product is going live and actually making tons of money. Especially because I am not the only one having too much bandwidth I am not using, especially overnight.
If I could get some of your interest, you can head over to
https://privatix.io
check them out or go directly to their white paper at
https://dxw4crzwfgmzw.cloudfront.net/whitepaper/PRIVATIX-WHITEPAPER.pdf
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