Data is one of the most important aspects of any business
Recently, a ton of controversy has spiraled out of control regarding big tech companies’ use of private data. People are outraged that their data is being sold to third parties without their knowledge, despite it being crammed into terms of service. Even more upsetting for users is when their data is leaked like what happened with Facebook recently. This even caused a ton of users and some high profile individuals to boycott Facebook, deleting their accounts. But data, the processing and transferring of it is essential to any kind of business because it directly reflects the customers’ behavior patterns, so tweaking a business’ services to fit these behavior patterns in most cases increase revenue generation a lot. So have can a business benefit from processing and transferring user data to third parties without the hassle of upset users? This is exactly what RepuX is aiming to provide. A platform on which businesses can sell their user data anonymized to developers. Developers can use this purchased data to create applications specifically tailored to the behavior patterns of the userbase and then sell it to the business. Because the data is anonymized, users still have their data private as developers can’t tie data to people, they can only tie data to a userbase.
The business focus and the REPUX token
Major tech players like Google, Facebook and Amazon are so huge and generate so much revenue that they easily are able to process their own data in order to maximize profits. Because of this RepuX is focusing their energy on smaller and medium-sized enterprises, also known as SMEs. Many of them don’t have the required funds to fully achieve the potential of the data they possess. A solution to this problem could be selling their data on the RepuX big data marketplace. This marketplace is going to be powered by the RepuX token, an ERC20 token issued on the Ethereum blockchain. All transactions made through Repux can only be paid in RepuX tokens which creates a demand for the token in relation to the popularity of the platform. The RepuX token is also going to offer related services within the Repux ecosystem such as inventory management, accounting & business intelligence. Another important aspect of the RepuX project is that it aims to bring people with access to advanced deep learning algorithms and the people with data together. At the moment, many developers that work with artificial intelligence doesn’t really have an actual userbase they can pull data from and many of those who have doesn’t have a team working with artificial intelligence.
To fund their project, RepuX is raising funds through an initial coin offering (ICO), selling their ERC20 token REPUX. This token is an essential part of the RepuX ecosystem and is the only way to pay for services on the platform.
The pre-token sale started the 17th of November 2017
The token sale ends the 5th of April 2018
1 REPUX= 0.20 USD (Bonuses apply to different phases, see picture below)
- Total amount of tokens issued is 500,000,000 REPUX
- A maximum of 250,000,000 REPUX will be available during the ICO
- Hard cap is 33,100,000 USD
- Soft cap is 1,000,000 USD
The team behind RepuX has many years of experience in the IT industry, finance, software development, marketing and much more. Here are some of the members.
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
ANN Thread: https://bitcointalk.org/index.php?topic=2613666
Bounty Thread: https://bitcointalk.org/index.php?topic=2646302.0
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