Zoptax (ZPT) IEO Review
June 15, 2019 - July 30, 2019
Sale Type: IEO
IEO Exchange: eMarkets Launchpad
Short Description: A platform to integrate blockchain technology in the telecom industry
Hard Cap: $35,000,000
Soft Cap: $500,000
KYC/AML Required: no
Whitelist Required: no
- ETH, BTC
Token price in fiat pre-sale: $0.23
Token price in fiat ICO: $0.25
Notes: Write any notes.....
- Solves security, connectivity and central authority control issues on VOIP
- Plans to launch Zoptax mobile phone, other partnership-based projects
- Team has demonstrated mastery in telecom and blockchain fields
Zoptax (ZPT) is a blockchain-based telecom network.
Zoptax will allow subscribers to place calls over the blockchain network by making use of random nodes within the network to replace a traditional server. Encrypted chats are also possible through the Zoptax Bone algorithm.
The process flow of Zoptax begins once a number available within the network is found in the Blockchain registry. From this point onwards, a random node is selected from a high speed network to act as a server. The node then proceeds to initiate the call and a time-bound session is established.
Solves security, connectivity and central authority control issues on VOIP
Despite worldwide progressive digitization, internet connectivity and censorship remains a critical issue. Currently, international VOIP calls are still vulnerable to the politics and authorities of the geographies in which they are placed, resulting in barriers to effective communication across the globe.
Unlike WhatsApp, Skype or Telegram, Zoptax is immune to blocking by central authorities because it's a decentralized service, outside the domain of local government agencies. Connectivity censorship is especially problematic in certain regions across the Middle East, North Africa and Asia, where expatriate populations tend to reside.
Team has demonstrated telecom and blockchain mastery
Zoptax CEO and founder Rao Naveed is a professional blockchain developer who has founded over ten startups and advised on over 50 blockchain projects. M. Umar, the company's blockchain engineer, left Oracle to join the Zoptax team, where he is in charge of optimizing the decentralized web.
Token Sale Model and Details
ZPT tokens are used on the Zoptax network as payment for calls and other services. Zoptax plans to launch Zoptax Mobile in 2021 — this would allow users to make completely secure phone calls.