Review and analysis of ICO Repux

Many startups are working on implementing the blockchain solution, but they face these three types of problems:

- Absence of a significant idea
- Choose the wrong method to execute the idea (not all projects benefit from chain integration)
- Lack of funds for implementation, such as equipment, financing, time or experience.

RepuX, a block-based platform designed for small and medium-sized enterprises to optimize their data when used in conjunction with developers, does not correspond to any of them. The project is almost ready and is headed by a special team of experts and founders working on this innovative and very welcome solution for the future. And so we will not commit any of the three above-mentioned errors.

The decision of RepuX has already begun. He will launch his platform in order to start downloading data with potential use cases that will accompany them to be investigated by developers ... But how does RepuX fit into the economy as a whole?

The ultimate goal of RepuX is to create a secure, high-performance and reliable data transfer protocol that can be integrated with a wide range of different applications developed by third parties for use by different industries. Why is that? The report, prepared by the World Economic Forum (WEF) in 2011, states that "the data economy [...] will consist of flourishing markets for bits and bytes." The main problem is that "this is basically a collection of independent offices." In addition, according to one of the leading authorities in the financial sphere The Economist, the data are the fuel of the future. RepuX wants to change the status quo and create and implement an innovative product that can be integrated with other solutions and subversive companies and can be used as a tool by companies and third parties in the most efficient and productive way. Because the data will become the catalyst for the economic engine of the future. We, RepuX, even call the data "New Oil", although we remember that unlike oil, which is finite and whose properties are well known in terms of what it can produce (and pollute), the data is not limited to all practical purposes .

How will this work?

The main vision and goal of RepuX is to create a protocol that facilitates the monetization of data through effective transfers between collectors, developers and users, which will also allow us to assess the reliability and reputation of data over time. Through our RepuX protocol, data collectors could send data to data users or application developers in exchange for REPOX tokens. Developers can use the RepuX protocol and use the data sent by collectors to create products and services that can then be transferred to end users in different industries in exchange for RepuX tokens. With all this we hope to add additional value for the data. This is the first project of its kind in the world, therefore participation in its innovative process is demanding and exciting.

We decided to support our technology with the Ethereum flowchart due to the tokenization and encryption it allows. Undoubtedly, companies can benefit from DApps (decentralized applications), depending on the knowledge of the data, but most companies do not want to share confidential information because of confidentiality problems. RepuX solves the problems of company confidentiality by encrypting data so that the source is unrecognizable for those who received it. Following another step, RepuX uses a tokenization enabled by the Ethereum blockchain to reward companies for sharing their data in cryptotherms, Repux tokens that can be used to purchase other services on the network.

The blockchain technology used by RepuX can serve as an open and distributed book that can efficiently and reliably record transactions between two parties. To be used as a distributed book, a chain of blocks is usually managed by a point-to-point network that collectively adheres to the protocol for testing new blocks. After registration, the data in any given block can not be changed in hindsight without changing all subsequent blocks, which requires collusion of most of the network. Blockchain technology allows you to reduce the level of fraud, which allows you to use a large number of potential applications. This makes block-diagrams ideal for use as a basis for the RepuX protocol, where security and transactional integrity are of paramount importance.

The place where Blockchain, the technology implemented by RepuX, differs from other decentralized systems in equal terms, is that it provides users with financial and economic incentives to do certain work. Following the words of Nova Mining, with any solid economic system, there should be incentives and rewards for people to do their job, similarly, there must be a system of punishment for miners who do not act ethically or do good work. We believe that in the near future we will see how the blockchain includes all these basic economic bases.

In more detailed technical form, the protocol RepuX combines a lot of decentralized technologies, such as InterPlanetary File System (or IPFS), Sia, Ethereum, EOS and offers the possibility of switching to a user high-performance chain of blocks. It also creates opportunities for data exchange between data collectors, application developers and data users that do not exist in the current market. Thanks to the development of the RepuX protocol, RepuX is ready to take advantage of machine learning, large data and artificial intelligence for large-scale global data and stimulate innovation in these areas.

The RepuX protocol will also provide an opportunity for data generators to create value in their data, facilitating the provision of this data to users in several industries, while eliminating the need for intermediaries in this process. Thanks to the development of the RepuX protocol, RepuX is ready to take advantage of automated automated data processing, "Big Data" and artificial intelligence in large-scale global data and stimulate innovation in these areas. By evaluating the reliability of each object and each transaction with respect to data and checking the Oracle system, we can guarantee integrity in the RepuX protocol and provide data users with greater confidence in the content and quality of the data. The data they are buying. In a few words, the main goals and tasks for the RepuX protocol are as follows:

• Development of a high-performance system through which data can be monetized directly between collectors, developers and users;

• Create a secure reputation infrastructure in REPUX tokens, which allows users to use semi-permanent records in a mutual transaction;

• Development of easy-to-use application programming interfaces (APIs) that allow third-party developers to build on our RepuX protocol to create various applications;

• Maintain scalability and speed as high priorities in the development and development of the RepuX protocol; and

• Integration of the RepuX protocol with the existing blockchain technology when creating individual solutions in certain cases.

RepuX is a protocol and platform supported by a block chain for SMEs to receive rewards for exchanging data in a secure and decentralized network. The RepuX platform encrypts data and maintains quality by evaluating the reputation determined by customers. Industries that will benefit from the RepuX platform include:

■ E-commerce

■ Health

■ Accounting,

■ Micro Loans

■ Advertising, among other things.

 Token Sale

will run for a period of 31 days from 6 February 2018 to 9 March 2018. The round will continue until the 33.1 million USD limit is hit or the final round is over. During REPUX Token Sale can be purchased with ETH, BTC or Wire Transfer awards, with a minimum contribution of 100 USD (or equivalent to 100 USD in BTC or ETH). During Pre-Sale, the minimum contribution is 30,000 USD. 

Token:
Supply of Token ERC20: 500.000.000 REPUX
Token Sale Price: 0.20 US Dollar for 1 REPUX.
Token sales ends on March 9, 2018
Start date: February 6, 2018 / 5pm UTC
End Date: Mar 9, 2018 / 5pm UTC
Hard cap: 33.1 million USD
Seal soft: 1,000,000 USD
Payment receives ETH, BTC, XBT and USD via Wire transfer
Supported wallets for Token Sales include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.  

  More information can be found here: 

Website: https://repux.io/
White paper: https://repux.io/white-paper.html
ANN Thread: https://bitcointalk.org/index.php?topic=2613666.new
Bounty Thread: https://bitcointalk.org/index.php?topic=2646302.0
Facebook: https://www.facebook.com/RepuX-415260768888793/
Twitter: https://twitter.com/repu_x
Telegram: https://t.me/repuxicoEN

Author:
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Username: aleksvip15
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