RepuX Protocols The Rave Of The Moment

rumex (39)in #crypto • 7 years ago (edited)

Thousands of gigabytes of data are generated at a high rate on a daily bases all over the world.These data are generated by various organizations such as supermarkets, hospitals and pharmacies, large and small scale production companies, commercial graphic designers etc.It is envisaged that 180 trillion gigabytes of data will be generated worldwide in 2025 up from about 10 trillion gigabytes in 2015.
Due to lack of further direct need for these data by the organization, they are usually done away with, whereas they can be monetized. They can be used for the development of useful models like machine learning- a branch of artificial intelligence (AI) that allows computer systems to learn directly from examples of data.
Presently, the collection, use and distribution of data is mainly controlled by definite huge corporate bodies, making it difficult for smaller entities to establish a reputation and hence, sell their data directly. Also, one major set-back to the sharing of datasets is the absence of trust and transparency between the parties in a data transaction, coupled with the lack of a single platform where different parties can meet in a data transaction.
Using blockchain technology, ‘RepuX Protocol’ has developed a decentralized system for data sharing and value creation opportunities among data collectors, application developers and data users. Visithttps://repux.io/ to know more!
RepuX is a protocol level framework called the RepluX Protocol on which various types of immutable data can be commercialized and exchanged between different individual and corporate collectors, developers and users.
By virtue of the protocol, RepluX is properly positioned to take advantage of the dependence of big data, artificial intelligence and machine learning on large-scale aggregate data, in addition to driving serious innovations in these fields.
Ultimately, RepluX envisions building a secure, reliable, high-performance data transfer protocol that can be integrated with a wide variety of applications developed by third parties for use by various industries.
For more information on RepluX Protocol and its paraphernalia, see the ‘White Paper’ at https://repux.io/white-paper.html.
RepluX will conduct a pre-sale of tokens (the RepluX Tokens) for interested investors, starting from 1st December, 2017 through to the commencement of the main token sale in March, 2018. The pre-sale will be conducted at a discount of 50% to the base rate of 0.20 USD. Interested investors can learn more by contacting RepluX directly at [email protected] and download the blank SAFT at replux.io/saft.html.
The main token sale which will be launched in March, 2018, as soon as the RepluX Protocol is operational, will be offered in 5 tranches. The 5 tranches will be at discounts of 30%, 25%, 20%, 15% and 10% respectively, all to the base rate of 0.20 USD. 500 million RepluX Tokens will be made available. Table 1 and 2 gives the RepluX token rates and allocation, respectively.
REP 1.png
REP 2.png
To participate in data transactions on RepluX Protocol, a data collector, purchaser orthird party developer must acquire the RepluX Token. The RepluX Token is based on the ERC-20token standard hence RepluX Token holders can readily manage and transfer their tokens using existing Ethereum wallets (e.g. Parity, Mist, myEtherWallet).