Blockchain-based AI and big data business apps protocol RepuX has announced a general token sale to launch on March 6th, 2018 at 2pm UTC. Currently in the midst of a pre-sale that will run up to its general sale, RepuX aims to create a secure and transparent marketplace for live business data.
The RepuX blockchain-based platform will target businesses, particularly small and medium enterprises (SMEs), helping them to build business apps and solutions by sharing data over a decentralized network.
Recognizing the challenges faced by SMEs lacking the resources to implement ideas and finding an optimal way to utilize the huge amount of data gathered, RepuX hopes to facilitate this process, resulting in relevant business decisions, while giving developers a platform to develop AI and machine learning apps, while locating customers who are interested in purchasing the data they generate.
Via RepuX, SMEs can upload all the data amassed and list their potential use cases, all purchasable by interested consumers. SMEs will earn incentives for sharing this data, which is encrypted and maintained on the RepuX platform. Purchasers will also rate providers, building a reputation score that will determine and maintain the quality of data available on the marketplace. Over time, this reputation score will also allow for the evaluation of the data’s reliability and consistency in reputation.
This blockchain-enabled ecosystem of data sharing and exchange is seen to benefit a wide range of industries including e-commerce, micro lending, even health care and many more.
With a recent integration with Bancor, RepuX will also be able to provide instant liquidity for the 30,000 token buyers expected to participate in its public token sale.
To raise funds for the development of its decentralized data and applications protocol for the business sphere, RepuX is holding a crowd sale event, with a pre-sale currently ongoing, offering a 50% discount to all token purchases. On March 6th, 2018 at 2pm UTC, the public sale will go live.
According to Repux COO Marcin Welner, the firm is launching the crowd sale to attain widespread and international distribution of its utility token. Welner added that the solid experience and know-how from a collective 70 years of its core team’s track record in business, software development and marketing will help ensure that the best ideas and innovations from developers are created based on business data.
The native RepuX token is a digital token based on the Ethereum protocol and will represent the primary means to exchange value and conduct transactions on the RepuX platform. Users can utilize the tokens to purchase business data and AI-powered apps and algorithms.
The RepuX token sale is compliant with the highest requirements of KYC/AML practices, and is secured by a multi sig cold storage wallet. Token funds will be issued periodically after the conclusion of the crowd sale.
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