A couple of years ago Marcin Welner and Aleksandra Staszewska put their minds together around a big problem: the handling of data on every business in the world lacks a protocol for organization and unification. It’s literally impossible to sort out the data of multiple companies without the proper software since all of them work with their own protocols and tools to organize it and sell it to the highest bidder.
July 2017: the seed is planted
That’s when Repux entered the picture as a protocol framework that allows companies to deal data directly with users while monetizing the process under multiple layers of security using blockchain technology based on existing platforms such as IPFS, Sia, and Ethereum. The details of the ICO are some of the most intriguing for potential investors.
The details of the Repux ICO
Repux’s offering began on November 17. This pre-sale will last until January 23rd and the RPX token will be offered at $0.10 per unit. Analysts believe this is the best moment to get in bed with them because of the low cost of participation.
The official token sale will be offered by February 6th of 2018, and it will last until March 9th of the same year. The token will be offered with a price increase of $0.14. The price hike might not seem like much but is still enough to take notice.
Repux is offering 100 million RPX tokens for sale and the distribution is pretty clear and cut:
• 20% of the tokens will be offered in the pre-sale
• 30% will be offered in the ICO sale
• 10% will go towards a rewards pool
• 12% will be kept by the founding team with three years vesting date
• 5% are going to ambassadors of the ICO
• The remaining 23% of the tokens will be sold through the platform in a crowded sale at a price range of $20 a piece (give or take, depending on the reception of the initiative in the market)
The diversification of data with Repux
Repux has his sight set on the handling of big data for companies, but they are also looking at multiple developments such as digital marketing, by offering developers the chance to create tools for data collection that can be traded in the platform. E-commerce and trade could also benefit from Repux since all transactions receive a public review. Score credits will be made public for traders who wish to earn a good reputation among potential investors. It can also work the other way for loaners who offer credit with good condition terms their customers. Even medical operators can make use of the platform by trading data with laboratories before conducting market research for a new drug.
The projections for the future
Repux has high expectations for the future of their project. They make projections where they see data monetization as the norm between developers of new utilities and big corporations. Their estimated trade levels go upward from the meager 10 trillion gigabytes of data currently generated in a year to 180 zettabytes by 2025. Will their future stick? Let’s hope it does for the sake of their investors. You can learn more about the reach of the technology as well as the development team behind this initiative on the Website, Bounty Thread, ANN Thread and the Telegram group.