Sep 23, 2018
Users are able to transfer a desired amount in US dollars, using any available payment option to confirm the participation in the Pixel project. Then they receive the equivalent in Pixel, which will be transferred to the Pixel Wallet at the exchange rate of 1PXL = 1USD. The money received will be placed into the deposit of a bank. The interest accrued by the bank on deposits will be transferred to a charity foundation. Representatives of investors who made a purchase of the tokens and representatives of the charity funds will be able to excercise control over the state of deposit. All those who contributed to the charity project, at any time can quit and exchange their pixels back to dollars at a fixed rate of 1PXL = 1USD. Pixels can be transferred from one participant to another participant, as a whole or in parts. Participation in the project can be either open or confidential. Exchange rate is always stable, when transferring the amount of pixels between clients’ wallets, a transaction fee of 0.05% from the transaction amount is charged.
Pixel network uses own blockchain network, which will use private mining. Private mining will allow network to work fast, more secure and stable. Wallets for PXL will be available for iOS, android and web platforms.Before registration on Pixel network, all users should pass KYC identification.
J u l y 2018
$11 535 230
$133 164 916
This is a crypto project which allows people to participate in charity without donating money .It uses PXL coin which is very stable providing crypto community with a fast, stable and reliable payment asset backed by fiat money with a guaranteed buyback.
The platform enables the users to understand digital money which are similar to fiat money as it creates a simple tool for payment and understanding for all. This further enables everyone to participate in a global charity program using Pixel without donating any money making the project viable and hence I would invest in it.
Charity is the main motive of the project. This does not appear obvious after reading the materials (for example, we needed to conduct a consultation with the founders), but it is charity that makes the project focused and distinguishable against the background of competitors.Whitepaper, unfortunately, consists of only 20 pages. We find such brevity a serious defect. We can only guess about many things in the document. For example, only additional questions helped us to find out the fact that the project provides for division into two tokens – PXL (stable token with unlimited emissions) and PXLT (security token with limited emission).At the website, PixelCharity lists a number of banks that are considered as partners. We could not find evidences that the partnerships really took place. At the same time, we assume that banks will be wary of partnerships with projects that are simplistic about the procedures of KYC and AML.We should separately note the security nature of the PXLT token. It entitles ICO investors to participate in the sectioning of the project’s profit. On the one hand it is attractive, on the other hand the project is at risk of increased attention from regulators.To summarize, we consider PixelCharity a project with an interesting idea, a good and strong team, but insufficiently thought-out in details and risks. To accept these risks or not is up to you.
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