Data is the New Currency

Universal Data Income Coin & PrivateXcoin based on blockchain technology

"People should get paid for their data which is generated by the usage of search engines like Google or social media like Facebook or any other application. I believe data is a cure for the global poverty issue. We can always develop more data sources."

                                                                           Mardo Soo

                                                                           CEO

UNIVERSAL DATA INCOME COIN
PEER-TO-PEER DATA PAYMENTS

 
Your data is Value. We are issuing personalized data coin ( Coin 1 - Universal Data Income Coin - UDIC ) for every users whos downloading and using PrivateX wallet. Coin 2 - PrivateXcoin (Privx) connects Universal Data Income Coins with exchanges, merchants, payment gateways, stores, etc that you can spend your Universal Data Income Coins everywhere. 

WHAT IS THE UNIVERSAL DATA INCOME COIN (UDIC)

Universal Data Income Coin (UDIC) - Your data payment coin
Universal Data Income Coin (UDIC) is issued by the smart contract 1-1 value with PrivateXcoin. Users can customize their own brand for Universal Data Income Coin (UDIC). Users can change the name and the logo of the coin. Universal Data Income Coin (UDIC) will be integrated into PrivateX ecosystem apps (PrivateX and Banq24 wallet). Users can always exchange UDIC to PrivateXcoin for free and instantly.
 
It's the first step to the future, where people globally can have their own branded data coin, earn their own coins, and soon spend their own data coin everywhere...
How to earn a Universal Data Income Coin (UDIC)?

Users will get rewarded with UDIC while downloading, using, and referring PrivateX ecosystem projects.
PrivateXcoin (Privx)
PrivateXcoin is a global peer-to-peer cryptocurrency build on Tron blockchain (TRX20) technology, enables a global superfast payments. PrivateXcoin acts as a gateway and to connect Universal Data Income Coin UDIC with a global payment network, exchanges, and merchants. PrivateXcoin will be integrated into PrivateX ecosystem App (PrivateX and/or Banq24 wallet).

HOW DOES IT WORK?

Trading value is always 1-1


1. PrivateX ecosystem apps will have a PrivateXcoin and Universal Data Income Coin integration.
2. Users get rewarded with Universal Data Income Coin - downloading, using, and referring to the friends. 
3. When a user earns Universal Data Income Coins then smart-contract locks an equal amount of  PrivateXcoins, and users will receive Universal Data Income Coin to PrivateX/Banq24 wallet.
4. 80% Universal Data Income Coin will be locked until PrivateX/Banq24 wallet is acquired, 20% will be available for transactions immediately. 
 
5.  When users makes a transaction with  Universal Data Income Coin, smart- contract burns Universal Data Income Coins on the application (PrivateX/Banq24) and unlocks an equal amount of PrivateXcoin-s to execute the transaction. 
Smart contract burns all Universal Data Income Coins and unlocks an equal amount of PrivateXcoins
Smart Contract locks PrivateXcoin and generates 1-1 amount of Universal Data Income Coins to the wallet
Example
The user (Sender) earns 200 Universal Data Income Coin (UDIC) as a bonus by downloading and verifying accounts. The smart contract locks 200 PrivateXcoin-s and generates 200 Universal Data Income Coin (UDIC) for the Sender wallet ( Banq24/PrivateX wallet). 80% of the Universal Data Income Coin (UDIC) will be locked until the project (Banq24/PrivateX) will be acquired.  
 
Now the Sender wallet balance is 200 Universal Data Income Coin (UDIC):
40 UDIC is available to make payments and 160 UDIC is locked.
The Sender makes 12 Universal Data Income Coin (UDIC) payments. Smart contract burns 12 UDIC in the application and unlocks 12 PrivateXcoin-s to execute transactions. The Receiver will get 12 PrivateXcoin to his wallet. 
The Sender wallet balance is now 40-12=28  UDIC available for transactions and 160 Universal Data Income Coin (UDIC) locked.

DISTRIBUTION

 

PERFORMANCE

TPS - Transaction per second

WHITEPAPER

Peer-to-peer global payment system
Peer-to-peer global payment system

LEGAL OPINION

 

PRIVATEXCOIN ECOSYSTEM PROJECTS

Description:

The best and most secure way to store your crypto funds.

PrivateXcoin use-case

- Pay for the transaction fees;

- Earn UBDC for referring for the friends our app;

The goal is to integrate PrivateXcoin into the app. Buy, sell and store PrivateXcoin and User Branded Data Coin (UBDC)

Description:

Company registration and crypto license in Estonia

PrivateXcoin use-case

- Open company and crypto license in Estonia, pay for all the legal services with Privx coins;

- 10% discount on consulting services;

Description:

The best and most secure way to store your crypto funds.

PrivateXcoin use-case

- Pay for the transaction fees;

- Earn UBDC for referring to the friends our app;

The goal is to integrate PrivateXcoin into the app. Buy, sell and store PrivateXcoin and User Branded Data Coin (UBDC)

Legal:

PrivateX operates under PrivateX OÜ.

PrivateX OÜ licenses:

Activity license FVR000895

- Providing services of exchanging a virtual currency against a fiat currency

Activity license FRK000788 - Providing a virtual currency wallet service

Legal:

Consulting24 operates under Heaven Invest OÜ.

Heaven Invest licenses:

Activity license FIU000276

Service of trust funds and companies.

Operates under PrivateX OÜ.

 

BURN MECHANISM

PrivateXcoin has a similar, but has advanced burning mechanism as Binance BNB coin, to give more back to the community and people. We have committed and integrated two types of burning mechanisms to have some inflation protection and value for PrivateX and Universal Data Income Coin. 

1. Monthly Profit

20% of PrivateX/Banq24 wallet and 10% Consulting24 profit will be used to buy-back and burn PrivateXcoin-s.

10%

20%

20%

2. Project acquiring profit

We are committing to buy back and burn 50% of the acquiring profit that we will make from selling PrivateX or Banq24 app. When we sell applications for the investors, the community and users are the value. That's how we see Universal Data Income Coin working, by giving back.  

50% 

 

OUR TEAM

Mardo Soo

CEO

CEO of Consulting24.co. Responsible for consulting strategy, negotiation, web development, over 250 licenses obtained for clients.

LinkedIn influencer (27,000+ connections)
Expert in SEO and Adwords
Completed over 40 landings
Recruited over 75 freelancers online, total of over 30,000h work hours

5 years of online business management experience

99% positive feedback from freelancers Manages currently a total of 40 freelancers

Lena Elvbakken

Founder

Bachelor's degree in Business Administration

Founder of Consulting24.co, over 100 companies registered, over 250 licenses obtained
Takes care of Consulting blog and management

LinkedIn influencer (13,000+ connections)
Speaks 6 languages
Previously worked for HP and Nokia

Development team

Our development team has 3 different teams. We have separate teams working with the PrivateX app, Banq24 and Buy BTC API project.

Legal team

Our legal team has 5 people of highly experience blockchain lawyers that together we have acquired over 250 crypto licenses in Estonia.

PrivateX OÜ  
Rävala 19, Tallinn, Estonia
hello@private.io

Activity license FVR000895 - Providing services of exchanging a virtual currency against a fiat currency

Activity license FRK000788 - Providing a virtual currency wallet service

  • Grey LinkedIn Icon
  • Facebook
  • Twitter
  • YouTube