Repux is a new crypto project that aims to create a global market for data, using its own network utility token called Repux. The project combines a rapidly growing crypto economy with an explosive data economy in the future. The data market will become more common as time goes on, as data becomes very important for many of the algorithms that drive the world today, from Google to Facebook, but also from the supply chain to city planning. Repux aims to build a marketplace data platform that will facilitate the trading of this data in a free global market.
The Repux token is part of a larger emerging trend that we see in the crypto ecosystem. Teams with prior business experience try to incorporate the technology behind crypto / blockchain and tokenization, and apply them to future technologies. However, blockchains will unleash their true potential in combination with other future technologies, from hi energy to autonomous vehicles.
With the Repux project, the team has an IT background, technology, and large data. This helps them build a reliable network that can attract real players to the market.
Market Needs
Promising and successful projects in the 'token app' space benefit from the tailwinds industry. So let's explore some of the needs and market growth for this niche.
The Economist recently wrote about how the world's most valuable resource is data, not oil. If the thesis is true, then the data and economic data will have a big impact on the future of this world and how humans live and interact with each other. Think about how much of the oil-power economy we had during the twentieth century in our world. Now think of global and digital assets like data that can have even greater impact. Empires will be created on the new data economy as we jump into the 21st century, and the full implications of the data economy are now beginning to become apparent to everyone.
Think about why it's so hard to compete with people like Facebook and Google. They have very valuable data so that we all contribute unnoticed and without getting a share of the cake. This makes them an effective monopoly of their domain. Together, only these two companies are worth more than a trillion dollars. That's the power of data.
Repo Ecosystem for AI / ML
One of the major markets designed by Repux is the domain of Artificial Intelligence (AI) and Machine Learning (ML). This is a combination of emerging technologies that will complement and feed each other. Creating an AI / ML model requires a large amount of data and validation. Therefore, the data is an enticing commodity that is entirely digital but invaluable to everyone from beginners to Silicon Valley to tech giants.
There is no dominant market leader to buy and sell data. Some trends in the blocking room, however, may help some of the issues surrounding validation, throughput, and trust in most. If there is a centralized market, there is not enough transparency for big players. With a decentralized market, players can trade without having to trust an intermediary.
Technology
The Repux platform will take advantage of existing decentralized data storage providers such as IPFS, Sia, and Storj, thus helping the entire crypto ecosystem by using existing technologies. The team will build the API into the system, which will assist in the creation of various applications over the underlying protocol. This allows third-party teams and developers to quickly build applications that utilize the underlying technology.
Goal And Purpose RepuX
We anticipate that data monetization will be a major source of revenue for individuals and entities in the future. It is estimated that the world will generate 180 zettabytes of data (or 180 trillion gigabytes) by 2025, up from less than 10 zettabytes by 2015.
Our Goals and Objectives For the RepuX Protocol are as follows:
1. To develop a high throughput system where data can be directly monetized between collector, developer and user;
2. To establish a secure reputation infrastructure in a RepuX Token transaction that allows users to apply semi-permanent records in joint transactions;
3. To develop an easy-to-use application programming interface (or API) that allows third-party developers to build our RepuX Protocol to create a variety of different applications;
4.To maintain scalability and speed as a high priority during the design and development of the RepuX Protocol; and
5. To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in a particular case.
In short, our main goal is to build a secure and reliable data transfer protocol that can be integrated with a variety of different applications developed by third parties for use by a number of different industries.
will run for a period of 31 days from 6 February 2018 to 9 March 2018. The round will continue until the 33.1 million USD limit is hit or the final round is over. During REPUX Token Sale can be purchased with ETH, BTC or Wire Transfer rewards, with a minimum contribution of 100 USD (or equivalent to 100 USD in BTC or ETH). During Pre-Sale, the minimum contribution is 30,000 USD.
Standard Token:
Supply of Token ERC20: 500.000.000 REPUX
Token Sale Price: 0.20 US Dollar for 1 REPUX.
Token sales ends on March 9, 2018
Start date: February 6, 2018 / 5pm UTC
End date: 9 Mar 2018 / 5pm UTC
Hard cap: 33.1 million USD
Soft seal: 1,000,000 USD
Payment receives ETH, BTC, XBT and USD via Wire transfer
Supported wallets for Token Sales include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
Presale
November 17, 2017 / 2pm UTC to January 23, 2018 / 2pm UTC
Roadmap
Payments receive ETH, BTC, XBT and USD via wire transfer
Supported wallet for sale Token including MyEtherWallet, Mist-Ethereum wallet, Metamask, parity, imToken, Ledger, Trezor, and others.
For More Clear Information Please Click Link Below:
TELEGRAM: https://web.telegram.org/#/im?p=@repuxicoEN
BITCOINTALK: https://bitcointalk.org/index.php?topic=2646302.0
WHITEPAPER: https://repux.io/white-paper.html
THEREAD Announcement: https://bitcointalk.org/index.php?topic=2613666.
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