RepuX launched its Ethereum-backed platform that allows SMEs to earn rewards for sharing their data with developers. RepuX has also released details of their Token Generation Event (TGE) which begins in February 2018.
RepuX, an Ethereum-backed platform for small and medium enterprises (SMEs) to earn rewards from sharing data, went live today. A recent contract announcement with WorkHQ grants potentially millions of WorkHQ clients access to RepuX’s platform, promising a rapid growth in users.
Data is the fuel powering today’s digital economy, yet many enterprises don’t know how to leverage data to grow their businesses. The RepuX platform has a simple, easy-to-navigate interface for SMEs to upload data and list potential use cases. Developers can then purchase this data to create customized applications that can then be sold back to the SMEs. RepuX keeps data sellers honest by assigning reputation scores, determined by purchasers, to data sets.
Industries that stand to benefit from the RepuX platform and protocol include e-commerce, healthcare, accounting, and IoT, among others. For example, an e-commerce merchant can share its data with a developer who can then use to create data-driven insights that will ultimately support the e-commerce merchant in making the most cost-effective purchasing, advertising, and marketing decisions. More specifically, a developer could build an AI system that informs the seller when to restock inventory based on size, color, or design. Given the recent contract WorkHQ signed with RepuX, businesses using WorkHQ to manage their inventory on Amazon, Shopify, and other online platforms will now have access to RepuX and can begin optimizing their data today. The RepuX protocol will soon be released to developers for integrating into new applications. The token sale is scheduled to begin in February of 2018.
To raise funds for the ongoing development and rollout of the platform, RepuX has decided to hold a token generation event (TGE) which begins on the 6th of February, and lasts until the 9th of March. The pre-sale started on the 17th of November and will continue until the 23rd of January 2018. On sale will be RepuX’s tokens that enable trade of data and decentralized applications between companies and developers.
In total there will be 500,000,000 tokens created, with 250,000,000 of these available in the pre and main sale. The company raise at least 1,000,000 USD to achieve its minimum funding goal, and, if this is realised, tokens will be distributed on the 10th of April 2018. The price for each token will be 0.20USD and backers can contribute using ETH, BTC and through a wire transfer.
RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, decentralized network. The RepuX platform encrypts data and maintains quality through reputation scores determined by purchasers. Industries that stand to benefit from the RepuX-enabled system of data exchange and rewards include e-commerce, healthcare, accounting, micro lending, and advertising, among others.
To learn more or participate in the ICO, visit the Website:
Read the Whitepaper: https://repux.io/assets/repux-whitepaper
Meet the Team: https://repux.io/team.html
Contact Name: Nikki Brown
Contact Email: email@example.com
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