REPUX
Repux- Data is money!
I am glad to welcome you to my blog. Basically, I share useful croudsails here (ico), I analyze projects and give my assessment.
Today I wanted to introduce a project called Repux.
The idea of this project is to create a decentralized platform, where everyone can buy and sell large amounts of information!
Now I will explain in plain language what this means, read to the end and you will understand how important this is!
Data is now valued at least as much as physical resources. Corporations create and rapidly develop the form of artificial intelligence!
Computers and neural networks are already able to make their own decisions today, but they need to be trained for this!
What would be clearer how this all works on one of the examples!
For example, in medicine, in order to train a technician, you need information about diseases, statistics and ways of treating them. This is a colossal amount of information that developers often do not have. But they are in medical institutions serving thousands of patients a year, which gathered for decades. These data, as a rule, remain unclaimed, since they have nothing to do with the direct relationship to the clinic itself, and either they must be deleted or spent for their storage. But they could be useful for training neural networks diagnosing or processing X-rays!
That's right here and is involved in the work of Repux.
Repux creates a decentralized platform for the exchange of these data. The company creates a transparent and stable information market where the data being sold will be reliable and the price will be determined by the market. Both organizations and individuals will be able to sell and share data!
On one medicine, examples do not stop. Already, the creators of Repux offer specific examples of the application of their product:
- Improved repeat sales statistics.
- Use of data by scientific institutions.
- Help companies using neural network models.
More details with examples you can find at . site
Repux technology
The structure of the Repux protocol is divided into 4 levels.
At the first stage there are user applications. The creation of such software is the competence of third-party developers. Relative to Repux, this is a third-party development, for their creation requires the API platform.
The second layer is the data access layer, located on Repux. This information is stored using a decentralized infrastructure, which ensures their security.
The third layer provides logical processing of information. It can be built outside the classical Ethereum architecture. One of the goals of Repux developers is to check whether it is possible to use EOS (a configurable Blokchain infrastructure) within the project.
The last, fourth level contains multi-signatures and other cryptographic primitives. Thanks to them, the right of ownership of users to information and its joint application by several clients is realized.
Features of ICO Repux
Repux customers will sell and buy information on the platform. To do this, they will need a crypto currency - REPUX tokens.
Pre-Sale Repux started on November 17, 2017. During the pre-sale, it is planned to sell 20% of the issued tokens. The preliminary crowdsdale will end on March 5.
The main round of ICO will begin the next day, March 6, 2018. For him, 30% of coins issued by the Repux team are intended.
ICO Repux Features:
- time of the meeting is 6.03.2018-5.04.2018;
- the number of tokens being sold is 30,000,000;
- the cost of the coin is $ 0.2;
- HardCap - $ 33.1 million;
- SoftCap - $ 1,000,000;
- accepted currencies - Ethereum, Bitcoin, bank payments;
- after the completion of the ICO, the not sold tokens will be burned.
Participating in the ICO in the early stages of placing tokens, you can get a discount:
- 30% on March 6-13;
- 25% on March 13-19;
- 20% on March 19-25;
- 15% on March 25-31.
50% discount is given to participants of Pre-Sale Repux.
The project team has established the following distribution of tokens:
- 20% - Pre-Sale;
- 30% - ICO;
- 10% - remuneration to lawyers, project advisers;
- 23% - reserve for the sale of information on the platform;
- 12% - remuneration to the founders (they are blocked for 3 years);
- 3% - ambassadors of the brand Repux;
- 2% - Bounty program.
Coins collected during the ICO will be used as follows:
- 40% - product development;
- 25% - advertising and marketing expenses;
- 20% are partners;
- 15% - administrative and legal costs.
Those who want to participate in the pre-sale of Repux tokens should make a minimum contribution of $ 30,000. The threshold of entry into the main round of the crowdsdale is set at $ 100 or 100 euros.
Repux road map
- July 2017 - investments received, sponsorship fees (400 thousand dollars);
- September - the gathering of experts, the formation of a research team, the beginning of work;
- October - founded Repux Foundation;
- November - the appearance of the Repux code, the team participates in the Blokchain Expo;
- December - Repux Live, exposition at the Blockshow Asia event;
- March 2018 - Launch of the ICO;
- April - audit Initial Coin Offering Repux;
- May 2018 - publication of the Repux code;
- June 2018 - the final release of Repux.
Summary
ICO Repux is an interesting token that you should pay attention to. The development team took up solving one of the most pressing problems of modern business. When searching for and improving new technologies, 90% of information is unnecessary and stored, not bringing benefits. Thanks to Repux, companies will be able to sell it and get additional profit.
40% of the collected investments will be aimed at improving the platform and improving its functionality. In addition, the project team tokens will be frozen for a long time - 3 years. This proves that the developers intend to complete the development to the end and submit the final product, and not conduct a fraudulent fund-raising.
Members of the team Repux - experienced creators of a variety of software. They receive assistance from qualified experts in the field of blokchain-technologies. Platform, Repux will not only solve the tasks, but also integrate the products of other developers.
Repux is not the first project in the field of buying / selling large amounts of information, but it has good potential for rapid development and growth. To participate in the Pre-Sale because of the extremely high entry threshold ($ 30,000), only large investors can, but any member of the crypto community can buy tokens during the main round.
Bitcoin : https://bitcointalk.org/index.php?action=profile;u=1725200
Autor : Nisa
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