The aim of IPSX is to create a decentralized IP exchange, allowing users to share or rent unused IP addresses. Utilizing blockchain technology ensures the exchange is transparent, open and fully automatic with the help of smart contracts. What all of this entails is the ability for anyone to sell their unused IP addresses for a period of time in return for IPSX tokens, which can be sold for other cryptocurrencies or fiat money. Users can also sell their IPs as a datacenter on the platform. As IPSX is an IP exchange, individuals will also be able to buy IP adresses for a period of time, increasing one’s security, anonymity and eliminates eco-based blockades & restrictions. The ISPX token issued by the IPSX project is an ERC20 token on the Ethereum blockchain and will act as a payment medium on the exchange. The IPSX exchange is structured by multiple layers, the blockchain layer, front layer and VPN layer. See graphic below
Not only will the IPSX exchange allow regular individuals to buy and sell IPs, already established VPN providers will also be able to integrate their system into the ISPX ecosystem through the ISPX SDK & API. This gives the VPN provider the ability to offer an even wider array of IPs from all over the world, to their existing customers. To utilize IPSX, an application will be downloadable, allowing people to sell their IPs within minutes or rent one if needed. An IP can be rented for as little as 5 seconds all the way up to a month.
Since the invention of the internet, worldwide usage of this service has only grown at an incredible pace. Today there are around 3.5 billion people in the world utilizing the internet and because the average user has more than one device with access to the internet, there are around 8.4 billion IoT devices in the world with access to the internet. What all of these devices have in common, is that they have an internet protocol address, aka IP address. The need for remote IP addresses is a huge market valued at about 60 billion dollars today and has been growing about 16% annually. Another important aspect to look at when examining the industry a project is tackling is whether or not the market exists and if it is going to in the future. As things look right now in the digital world, the internet isn’t scheduled to disappear in the foreseeable future, actually, it’s estimated that the usage of the internet will keep growing as more people get access to it on a worldwide scale, which makes the market IPSX is tackling grow as well.
Source: https://ip.sx/dist/Whitepaper-IPSX-05.pdf Original source: Cisco VNI Mobile 2014
To fund their project, IPSX is raising funds through an initial coin offering (ICO), selling their ERC20 token IPSX. This token is going to be a unit of exchange on the IPSX platform.
Sale started the 28th of February
Sale ends the 5th of March
70588 IPSX = 1 ETH (Approx)
- Total supply of this tokens is 1.8000.000.000 IPSX tokens
- A maximum 900.000.000 IPSX will be available for purchase during the token sale
- Another 495.000.000 IPSX has been allocated towards incentives for early adopters & strategic partners
The IPSX project started back in August of 2017 and launch of main product is expected in Q3 of 2018.
A team of considerable size has already been established by the IPSX project, these are some of the members. If you want to learn more about each member and their advisors, you can visit their website: https://ip.sx/
A video quickly explaining the concept and vision of the project has been prepared by the team
If you find this project interesting and wish to learn more about it or their token sale, you can visit their website here: https://ip.sx/ or read their whitepaper here: https://ip.sx/dist/Whitepaper-IPSX-05.pdf
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