The Repux token (crypto-currency) is the medium of exchange and the only way to transact on the marketplace
The marketplace is live unlike most token sales that launch with just a whitepaper! The companies represent a reach of millions of SMEs.
According to the World Economic Forum, SMEs represent over 95% of firms, account for 70% of employment and contribute 53% of GDP globally.
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.
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.
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!
Through RepuX, the Smithsonian Institution would be able to securely license its robust databases of image, text and other records to a vast market of trusted museum data collectors. Alternately, RepuX could provide an efficient and transparent market for the purchase and sale of handwritten text data, used for text-recognition AI applications.
Through the blockchain’s distributed database architecture, we have created a cryptographically secure and frictionless platform that enables data to be monetized and exchanged between trusted parties. RepuX resolves the disconnect in the enterprise data economy: the inability of enterprises to securely share siloed business analytics with AI and machine learning developers.
As the Fourth Industrial Revolution accelerates the adoption of AI and IoT technologies, data has become the most valuable currency in the world. Powered by Ethereum blockchain 2.0 technology, RepuX is bringing the awesome potential of open innovation and collaborative marketplaces to enterprise clients by disintegrating data silos and activating new streams of growth.
OP - Operations silos | OUT - Outreach silos | TECH - Technology silos
Smart Contracts agreement between two parties, data provider and Subject Matter Expert to deliver insights, work on data
Instant access to up-to-date data to feed machine learning models on a daily basis
Solving issues between parties done by the community members (instead of RepuX team)
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.
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.
For further details we invite you to read our White Paper.
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 Token sale is currently scheduled for:
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.
Supported wallets for the Token Sale include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
You cannot use an exchange such as Bitstamp and Bittrex which manages your keys.
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.
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.
Upon completion of the Repux Token Sale on the 5th of April 2018, the REPUX team will immediately start the audit phase. Once the audit phase has been completed, the tokens will be send to your contribution address.
In the case that the public sale is sold out prior to this date, we plan to release the tokens manually, subject to technical and legal due-diligence of course.