Repux It is a protocol level platform on which all types of unalterable data can be traded and exchanged between companies and users on an individual basis
The problem
Enterprises have terabytes of data stored within their systems and have trouble using this for better business decision making or improved business efficiencies. Developers lack data to develop machine learning and artificial intelligence solutions and most importantly enterprise customers to sell back to. There’s a lot of value trapped within this disconnect.
The solution
RepuX is a protocol level framework upon which various types of corporate and user data can be monetized and exchanged between different parties. Combining multiple cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput block-chain, RepuX allows the creation of a highly decentralized marketplace for data and information.
Trapped in this disconnect is a LOT of value. Repux is a marketplace that lets small and medium businesses sell anonymized data to developers. How it works:
- Businesses sell anonymized data and earn Repux tokens
- Developers buy the data to train Machine Learning algorithms
- Developers then re-sell their intelligent applications back to enterprises, for better business decision
The Repux token is the medium of exchange on the marketplace and the ONLY way to transact.
Technology
An API will enable these marketplaces to be developed by 3rd parties to suit their specific niche. By conducting value and data transfers directly between peers in the protocol, RepuX allows the creation of various B2B (business to business) data sharing possibilities for excess user and corporate aggregate data, that does not exist in the current market. This direct and rapid value transfer through the RepuX token will eliminate the need for middlemen and intermediaries across multiple industries. With machine learning, big data and AI becoming more reliant on large-scale aggregate data, RepuX is well poised to take advantage of this and drive innovation in these respective fields.
What is ERC20 (or ERC-20)?
ERC20 describes an Ethereum token standard and is used for Ethereum smart contracts. A smart contract replicates properties of traditional, offline contracts in an online environment. It is equally binding and uses the blockchain technology to enforce a contractual agreement between two, or multiple parties.
ERC-20 Token standard had a set of rules that Ethereum token must adhere to and has been adopted in wide range of crowdfunding projects like Token Sales or Initial Coin Offerings (ICO). For example, when a project is complete, a smart contract activates a payment, omitting the need for third party fund management. The REPUX token is ERC 20 compliant as well.
Application levels and APIs
The blockchain leverages a point-to-point network to manage operations and interactions around a set of distributed users, and controls that authority through a decentralized journal, which leverages a distributed computing infrastructure and common protocol, making it difficult to perform a fraudulent operation. With blockchain and decentralization, each entity is incorporated into the process, and no entity has control of the entire process, we have developed RepuX from the start to generate a programming application interface (or API), where any application developer can collaborate with RepuX Protocol. This simple protocol makes RepuX not only designed for a specific purpose, but also allows developers to build on it, for the potential benefit of many different industries.
Alternative blockchains
The blockchain environment is constantly changing, with innovations that happen every day. As a result, RepuX remains open to the incorporation of more effective, efficient and expandable blockchain platforms that can be developed in the future. Existing logic test contracts are developed using Ethereum's strong programming language. However, the Ethereum continues to develop. We have examined various solutions, and now believe that the blockchain testing authority (or POA) is surely the safest and fastest procedure in the long term. However, it offers less decentralization than the participation testing programmes (or "POS"), and Work Test (or POW). 10 Ultimately, we will need to reconcile speed and protection on the one hand, and decentralization on the other, selecting between different logical systems, in the final RepuX protocol.
Uses of Tókens RepuX
Purchase and Sale Data
RepuX will give holders of Tókens RepuX the option to purchase data from traders of the RepuX Protocol. The RepuX Protocol will also make it possible for data providers to receive payments in Tókens RepuX, from individuals and bodies acquiring their data. Raw data from data collectors and/or value-added content from various third-party application developers can be purchased and sold using Tókens RepuX, either by market or in bilateral transactions, and data collectors will develop methods for valuing your data.
Reputation request
All operations, whether related to the information or not, allow RepuX protocol members to obtain a mutual "reputation". This is a key function of the RepuX Protocol, as it allows the user to determine who is a reliable counterpart and who is not, and it will also help filter spam and other mediocre data groups offered by the RepuX Protocol.
In the event that negotiations between the parties are in dispute, or if it is claimed that the notoriety is incorrect, users of the RepuX Protocol have to submit evidence to an Oracle system for subsequent verification.
Tókens Standard
The ERC20 standard provides a common interface for digital assets in the Ethereum blockchain. The Tóken RepuX adheres to the ERC20 token standard, which means that Tókens RepuX holders can easily manage and transfer their Tókens RepuX using existing Ethereum portfolio applications (e. g. Parity, Mist, MyEtherWallet, etc.).
Fees and Award of Tókens RepuX
Since the goal of the RepuX Protocol is to make users as in control of their data as possible, RepuX has designed the sale of Tókens in a decentralized manner. This award is subject to change, depending on the amount of Tókens RepuX sold in the Pre-sale, and will be finalized at the conclusion of the Pre-sale.
Discount Rates
PRESALE
Price $0.10
50%
100,000,000 REPUX
6th Mar
Price $0.14
30%
75,000,000 REPUX
13th Mar
Price $0.15
25%
15,000,000 REPUX
19th Mar
Price $0.16
20%
15,000,000 REPUX
25th Mar
Price $0.17
15%
15,000,000 REPUX
31th Mar
Price $0.18
10%
Mapa de Ruta
The Team
Marcin Welner
Tomasz Tybon
Aleksandra Staszewska
Daniel Kmak
Przemysław Kocznur
Krzysztof Durałek
Dawid Rashid
Taras Bazyshyn
Rafał Książek
Damian Babula
Pierre Benezech
Partners and Advisors
Dr Jay Best
Mateusz Mach
Lee Hills
Steven Ormond-Smith
WorkHQ
Troutman Sanders LLP
Melrose PR
Links
Web site: https://repux.io/
White Paper: https://repux.io/white-paper.html
Twitter: https://twitter.com/repu_x
Facebook: https://www.facebook.com/RepuX-415260768888793/
Telegram: https://t.me/repuxicoEN
Reddit: https://www.reddit.com/r/RepuX/
Blog: https://blog.repux.io/
Ann: https://bitcointalk.org/index.php?topic=2613666.new
By Bitcointalk user: v17753150
Profile: https://bitcointalk.org/index.php?action=profile;u=1836271
Myetherwallet: 0xd9613A75671E43D8bDd0aE885979F77C3861889f
By v17753150