REPUX PROTOCOL
Hello guys. i will be discussing a newly conceptualized project and how blockchain was integrated into completing this concept. The name of the project is Repux, a protocol level framework where various types of unchanged data can be commoditized and exchanged among different collectors, developers, and corporate users. This technology helps to provide an opportunity for data producers to create value in their data through facilitating the provision of this data to users in many industries, while eliminating the need for intermediaries in this process. Lets go fully into what it really entails.
What is Repux?
As discussed earlier, Repux or Repux protocol is a protocol level framework where various types of unchanged data can be commoditized and exchanged among different collectors, developers, and corporate users in which the technology helps to provide an opportunity for data producers to create value in their data through facilitating the provision of this data to users in many industries, while eliminating the need for intermediaries in this process. As we all know that data is what propels today’s digital economy, but many companies do not know how to use data to grow their business. Now, RepuX platform has an easy and easy-to-navigate look for SMBs (Small-to Medium-sized Business) to upload data and lists of potential use cases. Developers can then purchase this data to create customized applications that can then be resold to SMEs (Small-to Medium-sized Enterprises). RepuX stores the data seller honestly by assigning a reputation value, determined by the buyer, to the data set.
How Repux simply works is that:
It allows companies sell anonymous data and obtain Repux tokensThen, developers buy data to train Machine Learning algorithmsDevelopers then re-sell their smart applications to companies for a better business decision
By creating and enabling value and data transfers directly between peers that use the protocol, RepuX allows the creation of data exchange possibilities for individual and corporate users that do not exist in the current market. This is possible by combining multiple state-of-the-art decentralized technologies such as IPFS, Sia and Ethereum / EOS, together with a possible upgrade to a custom high-performance block chain.
Industries like e-commerce, healthcare, accounting etc benefit from Repux platform. Taking a look at E-commerce, here’s how it can benefit form Repux’s plaform. With Repux, we all know that E-commerce merchants can share their data with developers who can then use it to create data-driven insights that will ultimately support eCommerce merchants in making most cost-effective purchasing, advertising, and marketing decisions. More specifically, developers can build an AI system that informs the seller when to refill inventory by size, color, or design. Given the recent work contract signed by WorkHQ with RepuX, businesses using WorkHQ to manage their inventory on Amazon, Shopify, and other online platforms will now have access to RepuX and can start optimizing their data today.
Still Looking into its principle,the protocol innovation has four unique layers which makes up the platform
Application Layer: It comprises of different decentralized applications, so the outsider engineers can construct their own application over the current Repux API application.Data Layer: It involves every one of the data that can be acquired and sold in the protocol. The data layer guarantees the security of the data put away and moved in the Repux.Decentralized Logic layer : This layer enables the exchanges to have an impact in the data layer.Value Layer: This layer offers help to the above layers and keeps the points of interest of the values of the token and the payments made by the clients. This layer helps in the exchange of the tokens decently.
About Token sale and distribution
Presale
17th November 2017 / 2pm UTC to 23rd January 2018 / 2pm UTC
Token Sale
The tokensale will run over a 31-day period starting from the 6th of February 2018 until 9th of March 2018.The rounds will continue until the cap of 33,1 mln USD is hit or the final round expires. During the Token Sale REPUX can be purchased in exchange for ETH, BTC or Wire Transfer, with minimum 100 USD contribution (or equivalent of 100 USD in BTC or ETH). During the Pre-Sale, the minimum contribution is 30,000 USD.
Standard Token : ERC20
Token Supply : 500,000,000 REPUX
Price Token Sale : 0.20 US Dollar for 1 REPUX.
Token Sale ends in 9th of March 2018
Starting date : 6th of February 2018 / 5pm UTC
Ending date : 9th Mar 2018 / 5pm UTC
Hard cap : 33,100,000 USD
Soft cap : 1,000,000 USD
Payment accept ETH,BTC,XBT and USD via Wire transfer
Supported wallets for the Token Sale include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
Want to know more about this project, Visit:
Whitepaper :
Twitter :
Facebook :
Telegram :
Reddit :
Blog :
ANN Tread :
My Bitcointalk Profile link:
My Youtube channel:
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