What is Repux ?
RepuX is a protocol level framework upon which various types of immutable data can be commoditised and exchanged between different corporate and individual user parties.
Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain.
By creating and allowing for value and data transfers directly between peers utilising the protocol, RepuX allows for the creation data sharing possibilities for individual and corporate user and aggregate data, which do not exist in the current marketplace.
This direct and rapid value transfer through the REPUX token will allow for the creation of value for data creators, including individuals and thereby eliminate the need for middlemen and intermediaries across multiple industries.
VISION
To create a protocol which facilities the monetization of data through efficient transfers between collectors, developers and users that will also allow the evaluation of data reliability and reputation over time. Through our RepuX protocol, data collectors could transfer data to data users or to application developers in exchange for RepuX Tokens. Developers could build upon the RepuX Protocol, and use data transferred by collectors to generate products and services which could then be transferred to end users in various industries, in exchange for RepuX Tokens. With the Repux Protocol, we hope to bring additional value to data.
MISSION
Our goals and objectives for the RepuX Protocol are as follows :
- To develop a high throughput system whereby data can be monetized directly between collectors, developers and users;
- To build a secure reputation infrastructure within RepuX Token transactions that allows users to apply a semi-permanent record in a mutual transaction;
- To develop easy-to-use application programming interfaces (or APIs) that enable third-party developers to build upon our RepuX Protocol to create a variety of different applications;
- To maintain scalability and speed as high priorities during RepuX Protocol design and development; and
- To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in certain cases.
How It Works ?
- Businesses sell anonymized data and earn Repux tokens (cryptocurrency).
- Repux uses blockchain to assign ratings and reputation to the data, which developers can buy to train machine learning algorithms.
- Developers then re-sell their AI enhanced apps back to enterprises, for better business decision making.
What is IPFS ?
InterPlanetary File System (or IPFS) is a protocol designed to create a permanent and decentralized method of storing and sharing files. It is a content-addressable, peer-to-peer hypermedia distribution protocol. Nodes in the IPFS network form a distributed file system. IPFS addresses pieces of content by a unique “hash”. IPFS enables the creation of fully decentralized technologies that can connect all computing devices within the same fiile system. IPFS is similar to how a bit torrent swarm exchanges information, in a decentralized yet organized way.
What is price of REPUX tokens ?
Unlike the price of Bitcoin and Ethereum, the price of REPUX tokens is fixed. The price for the initial Public Token Sale looks like this: 0.20 US Dollar for 1 REPUX. Once the REPUX Token Sale ends in 5th of April 2018, the open market will decide on the value of REPUX tokens.
The marketplace is live unlike most token sales that launch with just a whitepaper! The companies represent a reach of millions of SMEs.
2. HUGE market
According to the World Economic Forum, SMEs represent over 95% of firms, account for 70% of employment and contribute 53% of GDP globally.
3. Solving a real problem
Per the Harvard Business Review, individually, most SMEs don’t have enough data or expertise to take advantage of AI. A marketplace like Repux helps them better compete with the big boys.
4. Strong partnership in China
The Economist also stated that China is leapfrogging the US in AI due to its 4x larger population that produces much more mobile data. Repux could become to data what Alibaba is to commerce.
5. Winner Take Most Effects
Marketplaces like Repux tend to have winner take most/all effects so founders and early adopters can capture a good chunk of the value created. We have a head start!
Which cryptocurrencies are supported ?
We primarily accept Ethereum (ETH), as well as Bitcoin (BTC or XBT) and USD via Wire transfer for the REPUX Public Token Sale, which starts on the 6th of March 2018. Other cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Dash (DASH) or Ripple (XRP) can be used indirectly by exchanging it on a cryptocurrency exchange like Shapeshift.
In case you consider exchanging fiat currency such as US Dollar (USD), Euro (EUR) or Japanese Yen (JPY), you can find a guide on how to go about buying Ethereum (or any other cryptocurrency for that matter) by reading our “Token Sale Participation Guide”. It explains how to buy blockchain tokens in detail, like REPUX in our case. While we used the Kraken exchange in our example, there are a multitude of other exchanges available, such as Bitfinex or Bittrex to facilitate exchanges such as USD to ETH or EUR to ETH.
How will the Token Sale work ?
The Token Sale will run over a 31-day period starting from the 6th of March 2018 until 5th of April 2018. The rounds will continue until the cap of 33,1 mln USD is hit or the final round expires. During the Token Sale REPUX can be purchased in exchange for ETH, BTC or Wire Transfer, with minimum 100 USD contribution (or equivalent of 100 USD in BTC or ETH). During the Pre-Sale, the minimum contribution is 30,000 USD.
We will never post the token address to anywhere other than the official Token Sale website. Never send ETH, BTC or USD to any address you haven’t first verified the owner of.
Token Details
Pre Sale
- 17th of November 2017 / 5pm UTC to
- 5th of March 2018 / 5pm UTC
Token Sale
- 6th of March 2018 / 2pm UTC to
- 5th of April 2018
Supply
- 500,000,000 REPUX
Price
- 1 REPUX = 0,20 USD
Maximum Goal
- Hard cap: 33,100,000 USD
- Soft cap: 1,000,000 USD
Accepted Currencies
- ETH, BTC and Wire Transfer
Token Distribution Date
- 5th of April 2018
Emission Rate
- No new tokens will be created
Token Distribution
- 20% - Presale
- 30% - Sold during Token Sale
- 10% - Rewards Pool
- 23% - Sold on the platform
- 12% - Founding Team (3 years vesting period)
- 3% - Ambassadors
- 2% - Token Sale bounties
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.
RepuX APP Mockup
Below is a sample interface where users can interact with the RepuX Protocol.
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| Mock Up interface for the RepuX protocol |
Roadmap
OP - Operations silos | OUT - Outreach silos | TECH - Technology silos
- July 2017
OP : $400,000 Seed funding
- September 2017
OP : On-board advisors from the industry
- October 2017
OP : RepuX Foundation established
- November 2017
OP: Major distribution announcement via business partner
TECH : Code audit
OUT : Speaking at Blockchain Expo
- December 2017
TECH : RepuX Protocol Live
OUT : Attending Blockshow Asia
- March 2018
OP: Token sale
- April 2018
OP : Token sale audit
- May 2018
TECH : RepuX Protocol open for developers
- June 2018
TECH : RepuX Platform Allowing for Decentralised Enterprise Applications
Core Team
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| MARCIN WELNER |
20 years in IT in total.
12 years background in programming. Lead departments of up to 100 people. Likes to build projects from scratch. Extensive business skills in warehousing, logistics, supply chain, e-commerce, inventory management, erp and crm systems.
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| ALEKSANDRA STASZEWSKA |
Over 10 years of experience working as Business Analyst in projects for banking, public administration and telco sectors. Worked for national census data analyzing, processing and reporting. Big Data enthusiast having in-depth knowledge of Business intelligence and Data Warehouse systems.
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| TOMASZ TYBON |
10 years of experience in SaaS industry with marketing, sales and product development. 6 years of experience in e-commerce, built country’s biggest brand and expanded it to India & Turkish market. Served as CMO, COO. Scaled Annual Recurring Revenues thirtyfold.
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| DANIEL KMAK |
5 years of frontend experience and 1 year of consulting for USA company. Course author for Packt Publishing about React, Vue and Angular. Top 3% StackOverflow contributor with 12 000 reputation. HackerNoon author, HackHands expert, Ember teacher.
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| PRZEMYSŁAW KOCZNUR |
10 years of experience as a Software Engineer. PHP Coach. University Lecturer on Science and Technology. Blockchain, machine learning and old analogue synthesizers enthusiast.
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| KRZYSZTOF DURAŁEK |
Senior User Interface Engineer with over 15 years of experience in Media and FinTech industries. Specializes in modern web technologies with focus on performance, user experience and code quality.
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| DAWID RASHID |
Over 4 years of experience as Fullstack Engineer (JEE, PHP & JS). Contributed to number of projects including the biggest European digital currency exchange platform and Marketing Automation software.
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| TARAS BAZYSHYN |
6 years of experience as a Senior Android Engineer in e-commerce industry. Worked with the usage of machine learning, image recognition, augmented reality, Bluetooth beacons & location solutions technologies for mobile app development.
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| RAFAŁ KSIĄŻEK |
13 years of experience as DevOps, Architect, Coach, Programmer, Leader - an unqualified advocate of agile delivery of high quality code.
Many years practitioner of programming as per SOLID & TDD rules.
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| DAMIAN BABULA |
Software Developer. An early entrant into the bitcoin/blockchain arena, contributing on numerous cryptography-related projects, many of which were open-source. Currently he is specializing in decentralized applications, development based on smart-contracts and stand-alone blockchains.
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| PIERRE BENEZECH |
4 years of experience in the Blockchain world, working on the integration of different Blockchain technologies for projects within the TelCo, Retail, and Finance industries, and more recently in two ICO initiatives. Speaker at various conferences in the UK, Blockchain Practice Lead at Sytel Reply UK and leader of Blockchain training sessions for employees across Europe.
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RAGHU N. CHAKRAVARTULA
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Over 14+ years of experience in Information security in finance, healthcare, Media, cloud, government, start-up product based companies. 20+ infosec certifications, trained 2600+ participants across the globe, published 6 technical papers.
Advisors Team
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| Dr. Jay Best |
Dr Best was named Top Crypto Strategist UK 2017, a seasoned C-level executive and board member, having pioneered deep learning on GPUs at MIT and now spending most of his time between London, Cambridge, Oxford and Edinburgh as a lecturer, advisor and investor.
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| Mateusz Mach |
Forbes 30 Under 30. COO of the Opus Foundations - music streaming platform based on Ethereum and IPFS. Advisor to many blockchain based projects running his own Ethereum focused software development company.
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| Yagub Rahimov |
Yagub Rahimov is the CEO and co-founder of 7marketz Inc. group of companies. Starting his FinTech career at the age of 16, Yagub has established multiple companies in 18 countries with a special focus on alternative investment channels and machine learning. He has been advising a select list of top quality ICOs as well as investing in them.
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| Douglas Pike |
Experienced Scientific Programmer with a demonstrated history of applying theory and computational methods to solve complex problems. Strong research professional skilled in C++, Blockchain protocol development and Biophysics.
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| Justin Jovanovic |
Justin is the Chief Operating Officer of investFeed - the leading cryptocurrency social network – powered by over 105,000+ crypto specific investors and enthusiasts since transitioning into Beta in January 2018. Justin has been a part of several successful ICOs, including investFeed’s, and has a passion for progressive decentralization and blockchain innovation.
For more information, you can visit our as follows :
- Website : https://repux.io/
- Whitepaper : https://repux.io/white-paper.html
- Facebook : https://www.facebook.com/Repux-415260768888793/
- Twitter : https://twitter.com/repu_x
- Instagram : https://www.instagram.com/repuxio/
- Telegram : https://t.me/repuxicoEN
- Github : https://github.com/repux/token
- Reddit : https://www.reddit.com/r/RepuX/
- Pinterest : https://www.pinterest.com/repux4834
- Google Plus : https://plus.google.com/102357971600500548992
- Ann Thread : https://bitcointalk.org/index.php?topic=2613666.new#new
Posted by Dico88
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