REPUX - Data Service

Repux is a platform where corporate and user data can be exchanged between different parties and therefore monetized. It will combine multiple decentralized technologies to produce a decentralized buying and selling point for data and information.

TOKEN SALE: 6 MAR – 5 APR

Ticker: REPUX
Token type: ERC20
ICO Token Price: 1 REPUX = 0.20 USD
Fundraising Goal: 33,100,000 USD
Sold on pre-sale: 1,000,000 USD
Total Tokens: 500,000,000
Available for Token Sale: 50%
Whitelist: YES (UNTIL 6 MAR, JOIN )
Know Your Customer (KYC): YES
Сan't participate: CHINA
Bonus for the First: UP TO 30% DISCOUNT
Min/Max Personal Cap: 100 USD / TBA
Token Issue: 5TH OF APRIL 2018
Accepts: ETH, BTC, USD

RepuX is a protocol level framework upon which various types of immutable data can be commoditised and exchanged between different corporate and individual user parties.Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain.By creating and allowing for value and data transfers directly between peers utilising the protocol, RepuX allows for the creation data sharing possibilities for individual and corporate user and aggregate data, which do not exist in the current marketplace.This direct and rapid value transfer through the REPUX token will allow for the creation of value for data creators, including individuals and thereby eliminate the need for middlemen and intermediaries across multiple industries.Visit to Official website https://repux.io/

Repux is a marketplace that lets small and medium businesses sell anonymized data to developers.How it works :

• Businesses sell anonymized data and earn Repux tokens
• Developers buy the data to train Machine Learning algorithms
• Developers then re-sell their intelligent applications back to enterprises, for better business decision
  The Repux token is the medium of exchange on the marketplace and the ONLY way to transact.

Our vison is to create a protocol which facilitates the monetization of data through efficient transfers between collectors, developers and users that will also allow the evaluation of data reliability and reputation over time. Through our RepuX Protocol, data collectors could transfer data to data users or to application developers in exchange for RepuX Tokens. Developers could build upon the RepuX Protocol, and use data transferred by collectors to generate products and services which could then be transferred to end users in various industries, in exchange for RepuX Tokens.With the RepuX Protocol, we hope to bring additional value to data.

RepuX Goals and Objectives
We anticipate that data monetization will become a major source of revenue for individuals and entities in the future. It is estimated that the world will create 180 zettabytes of data (or 180 trillion gigabytes) in 2025, up from less than 10 zettabytes in 2015.

• Our goals and objectives for the RepuX Protocol are as follows:
  1.To develop a high throughput system whereby data can be monetized directly between collectors, developers and users;
  2.To build a secure reputation infrastructure within RepuX Token transactions that allows users to apply a semi-permanent record in a mutual transaction;
  3.To develop easy-to-use application programming interfaces (or APIs) that enable third-party developers to build upon our RepuX Protocol to create a variety of different applications;
  4.To maintain scalability and speed as high priorities during RepuX Protocol design and development; and
  5.To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in certain cases.
  In summary, our ultimate goal is to build a secure, reliable, high-performance data transfer protocol that can be integrated with a wide variety of different applications developed by third parties for use by a number of different industries.

ROADMAP
RepuX was originally seeded in July 2017. In December the first live version of their marketplace was released. At the time of writing this review, the marketplace was limited and included just four data files. The project is therefore somewhere between the proof of concept and minimum viable product stage.

The token sale will conclude on 5th April, and the RepuX protocol is scheduled to be open for developers in May. In June the RepuX platform is scheduled to be available for Decentralised Enterprise Applications.

The project has come online very quickly and has a tight timeline going forward. Ideally, we would have liked to see more detailed plans for the future.

REPUX TOKEN
All transactions on the platform will require RepuX tokens. So, developers will buy data using RepuX tokens and then sell their applications to organizations in return for tokens. Developers will also be required to hold tokens to build and run third-party applications on the network.

Half of the 500 million tokens being created are being sold during the presale and token sale. There’s a 50 percent discount during the presale, which also has a $30,000 minimum.

During the main sale, a sliding discount from 30 percent down to 10 percent will apply. It may be of interest for some to note that unsold tokens will not be burnt, but will be managed by the RepuX Foundation, and sold at a later stage. Further details on this point can be gained by consulting with the project team directly.

Of the remaining tokens, 23 percent will be sold on the platform. That means the project may be able to raise revenue in the future. The founders receive 12 percent of the tokens. It’s nice to see that a three year vesting period applies to the founder’s tokens.

The remaining 15 percent goes to the rewards pool, ambassadors and the bounty program.

TEAM
The white-paper lists 11 team members and 5 advisors. The project is being led by Marcin Welner, who is also COO at WorkHQ, a partner company. In fact, most of the development team also work at WorkHQ.

Several advisors are involved in other blockchain projects, among them:

Douglas Pike, the co-creator of VeriCoin and an advisor to ChainTrade
Mateusz Mach, Co-Founder COO at Opus foundation and CEO of Five App
Dr Jay Best of Cogni Capital
All the profiles connect to active LinkedIn accounts, and some of the developer profiles link to active Github accounts too.

At the time of writing, there are some minor discrepancies between the advisors listed on the website and those listed on the whitepaper. However, those listed above are on both the website and whitepaper.

SHORT REVIEW

Team from: POLAND
Unsold Tokens: WILL BE BURNED.
Registered Company: REPUX LTD, BELIZE

For More Information About REPUX:

Website: https://repux.io/

Whitepaper: https://repux.io/white-paper.pdf

ANN Thread Bitcointalk: https://bitcointalk.org/index.php?topic=2613666.new

Bounty-Programm: https://bitcointalk.org/index.php?topic=2646302.0

Twitter: https://twitter.com/repu_x

Facebook: https://www.facebook.com/RepuX-415260768888793/

Telegramm: https://t.me/repuxicoDE

Reddit: https://www.reddit.com/r/RepuX/

Blog: https://blog.repux.io/

Author:

Gugun189: https://bitcointalk.org/index.php?action=profile;u=1366850