P2PS - ICO Review

P2PS: Fully Secure Peer-to-Peer Communication System

P2PS is a system for seamless and uninterrupted peer-to-peer communication and transfer of information. It is built on the Ethereum blockchain and incorporates the token called P2PS, which is ERC-20 compliant and can be used to enable access to different services and conduct different payments, for instance, licensing fees, and also carry out token transfers between the Ethereum wallets.

P2PS has been developed by P2P Solutions Foundation, a subsidiary of Innovative Solutions International, Inc., a US-based research & development company that created a Push System protocol, a high-velocity data transaction package that is functionally connected with the P2PS token.

The project has put up 5 billion tokens for sale, which constitutes 50% of the total supply of P2PS. The team decided to take a multilateral approach towards token distribution and organize the IEO simultaneously with the ICO.

Mission statement

P2PS system in the result of the longstanding work of the P2P Solution Foundation and its partners, aimed at creating a totally secure and foul-proof communication and data transfer platform that supports the use of a digital token. The developers assure that their efforts will come to fruition once they gather enough funds through the token sale to complete the final stages of the platform’s development. This system can be implemented in numerous areas and industries, for example, state administration, military, banking, and medicine, where the protection of sensitive information plays a crucial role.

P2PS must replace the outdated and unreliable computer systems that are prone to cyber attacks and shutdowns with a state-of-the-art peer-to-peer communication system that exploits the advantages of blockchain and the Push System protocol.

This protocol provides the means for the establishment of a ring-fenced network for ultra-rapid transmission of sensitive data simultaneously across several communication channels. It was developed in 2010 by the mentioned core partners of P2PS and can serve as the foundation for the development of other blockchain products in the future.  

The scope of application of the P2PS token

P2PS will play the role of a sole mean of payment for all services available within the framework of the P2PS ecosystem and the associated networks. Users must have P2PS in their possession to purchase the license and pay the 2% entry commission in order to be able to begin using the peer-to-peer network. The token is also a key element of the reward system that incentivizes both developers and users to actively contribute for the sake of further improvement of the system.

The team

Jameel Shariff. The founder of P2PS and CEO at Innovative Solutions International. He is a well-regarded entrepreneur and visionary in the field of digital technology.

Dr. Waleed Aloriny. The COO with a vast knowledge of IT and blockchain. He oversees all business operations and provides valuable advice to tech developers. Prior to joining P2PS, Aloriny worked as a director at Zain and STC Solutions.

Ben Seger. The CTO who was at the origin of this technology solution. He is also a founder of several other IT projects, such as Media Fun and Beemart.

ICO & IEO details

The P2PS token sale will be open for another two weeks with the closing date being set on June 30. P2PS are offered at a price of $0.03 per token. The minimum investment limit is 1500 P2PS or $45. The project accepts BTC, BCH, LTC, and ETH. 

The IEO is carried out on three decentralized crypto exchanges: Bitcratic, Karsha, and  Best Rate. The project also promises to organize additional token sales on centralized exchanges, though they haven’t revealed their names yet.

Author: Alex Paulson for Crypto-Rating.com

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StartMay 27, 2019
EndJune 30, 2019

The P2PS team claims that they have a working product - it’s said right on their home page - but I couldn’t find any links to that ‘product’, even after spending a considerable amount of time browsing their website. They may have a sound concept, but it is just wrapped up in so many unnecessary and meaningless words that I couldn’t have put myself through reading the entire whitepaper. Besides, the crypto exchanges on which P2PS plans on having their IEO are unfamiliar to me and look weird in general.

Riley   June 21, 2019  

P2PS appeals to an acute problem of data security, though this project is not the first one who tried to come up with a fully secure network for data transfers. They claim to have used the Push System protocol which still requires additional study with regard to its functional prowess. I have time to do that since the token sale is on for another couple of weeks. In summation, P2PS has an interesting tech that still has to prove itself useful.

Jordan   June 17, 2019  

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