PixelCharity

PIXEL CHARITY

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.

PROS:

• The use  of block chain enables the platform  to carry out faster  transactions  with different cryptocurrencies and fiat  making the platform reliable
• The platform  guarantees users of system transparency as all the profits generated from the deposits of the company’s funds are automatically sent to the charitable funds
• The platform use provides a simple exchange rate for  different cryptocurrencies involved with a  simple exchange system back to fiat money
• The use of the PXL coin helps in reducing  risks associated with the businesses as the coin is easily accepted  as payment  by the representatives of E-commerce against the volatile exchange rates
• The use of PXL  token attracts 10% of the network transaction fees as ICO  investor dividends enabling the token holders to benefit from the project
• The platform has adequate teams members  with  vast experience  in the business sector which is  relevant to the project implementation

CONS:

• The platform mobile application supported by Android and IOS has not been developed to promote faster payments from anywhere across the globe  through the use of smart phones
• The platform white paper is not elaborate with missing information about the project team and the roadmap
• The PXL token value at the pre-ICO stage is not highlighted  for the users to know its suitability

SUGGESTIONS:

• The platform white paper should be more elaborate with more information about the project teams and the roadmap included
• The platform technical team should develop the platforms mobile application to enable users to easily make payments via their smart phones

NOTE:

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.