ICO description of the utility token used to share IP addresses

IP Sharing Exchange is a company looking to create a platform where everyone will be able to lend their IP address using Blockchain Technology and smart contracts in return for a tokenized utility that can be traded within the platform or exchanged for FIAT money. The developing team is offering their services along a series of layers of security to ensure that illegal activities are not performed with the IP’s offered in the system. The rate of each IP is set by basic offer and demand rules, meaning that the more IP’s are offered in the ecosystem, the cheaper will be the service for requestors.

The IPSX token conditions of use

IP Sharing Exchange is currently looking to finance their operation with the IPSX token utility based on the ERC-20 protocol developed by Ethereum. The token will be used to finance IPSX’s operations, and it will give access to users to the IPSX platform. It will also be used to manage the payments of the incentive programs created within the ecosystem and to pay for every deal made in the platform regarding the transfer of IP addresses. The company is still working to develop a sheet for general conditions of use to be reflected on the whitepaper with their legal team, but so far these four basic rulings seem to be leading conditions of use.

The IPSX token allocation

At the present moment, IP Sharing Exchange has run a private investment session to raise funds for their token generation event. The company successfully collected 6,500 ETH to begin their operations and as a result, has issued 1.8 billion IPSX tokens worth 0,0000141 ETH a piece. The token allocation will be distributed as it follows: 50% (900,000,000 tokens) will be offered to funding participants. 27.5% (495,000,000 IPSX) will be used as incentives for early adopters of the IPSX. 2.5% (4,500,000 tokens) will be used for the bounty campaign, and the remaining 20% (360,000,000 IPSX) will be distributed among the developing team and the strategic partners.

The IPSX planned roadmap

With the token generation process done and ready the company is looking to move into the next phase of their planned roadmap. The public sale should begin in the first quarter of 2018 with an estimated date set on March 5th (subject to modification). Although the fundraising process was aiming for a hard cap of 10,800 ETH the company is moving forward with their operation looking to compensate for the remaining share of the funding in the general crowdsale. All the funds collected on subsequent phases will be aimed at the development and expansion of the IPSX ecosystem. The company will dispose of all unsold tokens and no, new issuing will be made.

IPSX has an ambitious plan, and they are looking to include every single person with an idea and a limited budget. Their proposed view of a monetized IP address could offer an extended lifespan to the current IP blocks, and many startups could have a real chance to make their mark. To learn more about IPSX and their long-term plans you can visit https://ip.sx/ and take a look at their ideas.

Thank you for your time,
Jack Andrew