RepuX – sell your information for money

Volume of information in the world grows every year. According to projections of experts, it will amount around 180 trillion gigabytes in 2025. However, not every individual and legal person can obtain the required information as part of it is stored on private PCs or servers and is not available for public access on the Internet.
A unique platform called RepuX will help solve this problem.

Goals of RepuX project

The developers have pointed out the following key goals:

• to create a platform with high capacity giving opportunity to monetize information via its transfer between users;
• to build a safe infrastructure within the framework of financial operations with RepuX coins, which will allow users to use continuous notes when completing operations;
• to develop API that will allow off-site developers to use RepuX protocol when creating their own apps for various spheres of activity.

To accomplish these goals, IPFS connection protocol will be used. This protocol represents a completely decentralized technology that connects devices with a single system of files. In other words, IPFS is an integrated BitTorrent, in which the exchange of files is done from a single Git-repository.
This platform can be used to:

• create archive database for trading;
• simplify work of information collectors;
• gather information about behavior of potential buyers;
• create ratings of respectability;
• create ratings of credit solvency;
• monetize the information stored.

How it works

RepuX platform functioning is divided into several levels:

1. user applications;
2. access to information stored on RepuX platform;
3. data processing;
4. multisignatures and other tools that verify the right for corresponding data or their joint use.

Exchange of information within the network is done with the help of Ethereum smart contacts. For instance, you are interested in information about a specific participant that was published by other agent: you send the coins of RepuX platform to the address of his smart contact and acquire access to the data.
To establish trust between the participants, every user of the platform, who gives information, will be assigned a reputation level. It will change every time according to the results of the completed deal. However, before assigning a rating to any user, the information is processed with the help of Oracle technology, which provides the most objective evaluation. This technology will analyze extremely high and low ratings.

ICO dates and details

REPUX coins will be used to make payments in the given system. These tokens have ERC-20 standard. They can be obtained during ICO and after it.
ICO dates: from March 6 through April 5, 2018
Project’s hard cap is 33 million dollars, while the soft cap is 1 million dollars. A total of 500 million REPUX will be released. ETH, BTC tokens as well as bank transfers can be used to make the payment. 1 REPUX equals 0.2 dollar.
During ICO, the following discounts will be offered:

• 1st-7th day – 30%;
• 8th-13th day – 25%;
• 14th-19th day – 20%;
• 20th-25th day – 15%;
• 26th-31st day – 10%.

Conclusions

This project is rather perspective. Primarily, it is related to the fact that the cost of the coins will increase along with the increase of the amount of information. At the same time, the volume of information will be increasing every year exponentially.
Moreover, this platform will become one the most demanded among business owners as it will allow them to optimize operation of their companies. This project will also help monetize information that is haphazardly stored in various archives.
Another reason why attention should be paid to RepuX is the fact that, currently, this project is in top 6 best ICOs of 2018.

The site and all the documentation can be found at the links below:
Site | Whitepaper | Telegram | ANN Thread

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