Dao: The global market for local data

in #dao6 years ago (edited)

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A market is a place where the customers meet buyers to satisfy their needs whereas the buyers aim to create valuable relationship with their customers and that is exactly what happens at Databroker Market. Authentic data is sold, stored and purchased .It is a Place where the right customer meets the right buyer or in other words an Iot Sensor owner gets the opportunity of legally tenderizing the data and creating convenience for the customer to make the right choice in purchasing IoT sensor Data.
Databroker, A decentralized marketplace that connects IoT sensors (Internet of Things) with their customers for instant and convenient purchase of authentic IoT sensor Date is playing a significant role in saving the expenses such as those used in installation of IoT Sensors over the months on annual basis.

WHAT IS IoT? And how does it function in Databroker Market?

Now the question arises is what is Iot?Iot is Basically an abbreviation that stands for (Internet of things) Which simply means that it provides active networking and connection between devices that have proper physical Appearance such as vehicles ,software, Actuators , home appliances and other electronic devices enabling them to exchange data frequently.

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DATA INTEGRATION AND OPTIMIZATION:

Data integration refers to some major relevant applications that are extremely significant in order to keep an organization intact, running and interconnected for providing efficient services to customers without any glitches or systematic errors. It tells about the position and development of an enterprise resource planning and how strong is customer relationship with the organization with reference to how much they are responding and what benefits it provides to the customer and to keep a thorough check on workforce optimization .The quantity of labor is not necessary it’s the quality of services they provide.

REAL TIME EVENT PROCESSING:

This department is basically responsible for active and spontaneous channeling .Having a productive ,well initiative and fruitful conversation showcasing the extraordinary communication skills of employees responsible for dealing with customers via emails, phone calls, voice mails ,web collaboration etc. The tactics used in urgencies is the real key of standing out becoming the best communicator.

PLATFORMS EXTENSIONS:

Maintaining and being responsive to the world outside of organization .Enterprise reporting includes exploring, web intelligence and visualizing data for better decision making it also includes the aspect and importance of maintaining valuable partnership very professionally and in short dealing with the external micro and macro factors smartly.

BIG DATA STORAGE AND SEARCH:

So it’s basically a massive backup folder that keeps all the data safe either it’s about emails, web logs or voice recordings nothing goes missing or relevant data is found on time without any unnecessary struggle.

The DTX Token:

This token will serve users in the form of credits to purchase and sell sensor data within the platform. DTX Token is a utility token customized particularly for DAO platform. It contains 18 decimals and is an ERC20 compliant token.

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The main focus of Databroker potential DAO’s is not about its market size and how huge and widespread it is instead about how much data is produced and emitted. Majority of the sensors are brought by customers entirely for primary usage because they strongly believe in what they can do with the data will be much more valuable than taking caring of the expenditures caused by maintenance and deployment of the sensors.

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The goal is to have 1 DTX token in order to reach the target and cover the average value of the data from a sensor for one week.
This will allow enough granularity (at 18 decimals) to work with micropayments, even after significant growth and price increases. We determine the corresponding price per token by looking at the weaker market predictions.
At that time DAO project to have 2.5 billion USD flowing through the platform for 225 million sensors. The average sensor has a value of ~12 USD per year, ~1 USD per month, or 0,25 USD per week and as such the value of 1 DTX token should equate initially to this number.
At an ETH price of 1000 USD / ETH, 1ETH will get you 4000 DTX tokens. We determine the maximum number of tokens issued to be 225 million, the amount of sensors on the platform in 2024. 5% is reserved for team incentives over the coming 4 years.
Majority of this team fund is fairly distributed to team members joining the project with high sprit and will be vested in stages over 3 years, about the unvested tokens they are return to the fund in case the team member become uncooperative and decides to leave.

2 500 000 000 USD/YEAR
225 000 000 SENSORS/YEAR
= 11.11 USD/SENSOR/YEAR
. The rest is distributed to current team members and advisors. An additional 10% is reserved for the platform fund. The majority of these tokens will be used to allow enterprise users to buy tokens using fiat currency to ease adoption of these crucial users.
significantly for the foreseeable future. 0,5% of the tokens is reserved for the bounty campaign. The rest, 108.000.000 tokens (48%) will be sold in to this sale event

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For more Information please visit the official links below:

WEBSITE|WHITEPAPER|TELEGRAM|FACEBOOK|TWITTER|BOUNTY THREAD
ANN THREAD|Reddit

Author: Ahtsham
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Ether Address: 0x66EF10B68C2e765E9CbF5994D2d8CAd7F9b0E748

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