Review Repux ICO
A general description of the product
Repux is a decentralized trading platform, which aims to gather both buyers and sellers of the Big Data by using a protocol level framework. It is based entirely on the basis of the BlockChain technology and uses several other ones, including SIA and IPFS.
Goals of the project
The main mission of the Repux is to create the system with the high throughput so that the uploaded information could be monetized between the gatherers of the data. Also, they plan to ultimately build a large reputation-based network by using the token transactions. Finally, they want to allow the developers to use the protocols of the Repux for their own benefit.
The problems and the solutions
The main problem that the Repux is attempting to solve is the wastefulness of the data that could be potentially used for the other useful purposes, including, but not limited to, the marketing sphere and the scientific research.
The advantages of using Repux
The main advantage of the Repux that distinguishes it from the similar project lies in its accessibility and the safety of the network on which it plans to continuously operate. Not to forget to mention the fact that the data obtained in the system is encouraged to be used for the various means, which will increase the attractiveness of such a project to the investors.
How does Repux work
As stated on the official website, Repux works on three levels. First of all, businesses sell their data and earn Repux coins for such a deed. Secondly, the buyers obtain the data for the purposes of conducting their own business/research etc. Finally, everyone benefits from the process as the sellers get their tokens and the buyers receive the information they wanted.
The details of the ICO
The ICO works in the following way: about 20% of all the coins go on pre-sale, 30% are used during the actual sale, 10% goes to the achievement pool, 23% is traded on the platform, 12% goes to the creators, 3% to the ambassadors and 2% to the coin sale bounties.
The author’s opinion
Repux is definitely worth considering as it is an unparalleled project the world hasn’t ever seen before, and they already have a working prototype!