What Is Red Pulse (RPX)
“Red Pulse is a Hong Kong-based market intelligence platform covering China’s economy and capital markets. The firm uses machine learning and natural language processing to automate and scale basic data collection, while incorporating cryptocurrency to create an open and transparent sharing economy for research.” (https://coin.red-pulse.com/ 2017)
What problem does it solve?
Red Pulse aims to provide a platform, where good financial research and market data is rewarded, via the rpx token (monetary incentive). In today's day and age we have an abundance of information at our fingertips, and sifting through what is useful and what is not, is both exhausting and time consuming. Not to mention the amount of wrong/biased information in circulation. With a monetary incentive via the RPX token, users will be able to see where credible information is being sourced, as well as help solve the ultimate problem of information overload.
Token Use
Using the RPX token reduces costs on the platform. Traditional forms of transferring payments often incur 1-10% fees. The power of blockchain can handle a large amount of transactions with relatively small fees.
The blockchain is untainted and incorruptible, it provides a back log record, that can be used to check content produces have been awarded appropriately.
It solves the “cold start” problem for content produces, publishers can immediately be rewarded with a monetary incentive based on their content, through the form of RPX tokens.
Incentives of holding the RPX token (Proof of Stake)
Red pulse announced they will be building a platform, that will allow you to stake your RPX tokens, the beta is expected to launch in Q1 2018, with a full release version expected in Q3. 10% of new RPX tokens will be minted each year, half of which will go those staking RPX ,and the other half to market experts selling on the site. You will be rewarded RPX based on your staking amount, at the end of each month. This should drive price action in the future.
Exchanges
The reason RPX, has not been listed on multiple exchanges as of yet. Is because it introduces a new protocol NEP-5, think of this standard being similar to the ER-20 token on the ethereum blockchain. Kucoin was the first exchange willing to implement the time/resources necessary to get this listed first. However there is news on the horizon that it could hit the Korean exchange Coinnest next, they have the logo already implemented into their site, as well as “rumors” that Binance could be listing it soon, snippets of hidden java script have been sourced with RPX mentioned as one of the hidden coins.(/takes tin foil hat off).
Price History
ICO Price: $0.027
ATH: $0.11
ATL: $0.037
Current: $0.043
When Red Pulse first hit the exchange it reached as high as $0.11 cents, this is 3.5x the ico price. However it stabilized around the $0.04-0.06 cents mark. This seems to be the floor, there has been no significant news, and people seem unwilling to let it go for any less then $0.037, we have always seen a bounce when approaching this support line.
Red Pulse Whitepaper
https://coin.red-pulse.com/wp-content/uploads/redpulse-whitepaper-en.pdf
Red Pulse Social Media
Website: https://www.red-pulse.com/
Twitter: https://twitter.com/red_pulse_china
Facebook: https://www.facebook.com/redpulsechina/
Reddit: https://www.reddit.com/r/RedPulseToken/
Linked in: https://www.linkedin.com/m/login/
Thanks for reading
Disclaimer : All investing is speculative. This isn't financial advice. Just one man's opinion of a complex fractal world with infinite variables, affecting the system, at exactly the same time.
If you want to buy Red Pulse (RPX), it is only available on Kucoin. Id appreciate if you use my referral, if you'd like to buy some.
https://www.kucoin.com/#/signup?r=E3JRU-
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